Bitcoin IRA Review

Donny Gamble
December 14, 2021
5.0
Personalincome rating

Bitcoin IRA is one of the most-trusted crypto marketplaces and IRA services online. Their platform is intuitive, their amazing customer service, and their savings account rollover options are fast and simple.  Compared to a lot of other companies we reviewed, Bitcoin IRA is doing just about everything right, and offers some of the best insurance coverage that we’ve ever seen. 

Bitcoin IRA logo
on Bitcoin IRA's website
Bitcoin IRA
CUSTODIAN FEES
$240
annual fees
Investment Minimum
$3,000
PROMOTION

Custodial Setup Fee waived for a limited time ($150 value)

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Key Takeaways

Bitcoin IRA is a solid company with innovative tools, but a clunky-feeling trading platform. It can take some time to get used to and navigate for sure.

That being said, you'll also have access to the best customer service, some of the best tools, and plenty of room for growth as they begin to trade more and more cryptocurrencies.

We believe that Bitcoin IRA will be the best overall choice for all investors for the foreseeable future.

Pros & Cons

Pros
  • Excellent 24/7 trading platform with ultra quick actions.
  • Complete cold storage for added layer of security.
  • 24/7 trading platform doesn’t limit you in the slightest.
    Investing tools are completely automatic, so you can invest while AFK.
Cons
  • Higher-than-average fees from the start.
  • Still not as many trading options as other crypto IRAs with similar operation times.

The best way to sum up Bitcoin IRA is the jack-of-all-trades cryptocurrency IRA service.

They have everything you need, and while the fees can be a little steep, you get what you pay for, and in this instance it’s excellence.

Between customer service, accessibility, and an intuitive platform, there’s no reason to go with another service for your cryptocurrency IRA.

About Bitcoin IRA

They believe in security above all else, and making the process simple to get started. With Bitcoin IRA, you’re able to open an account and fund it in minutes, allowing you to plan for the future right now.

Bitcoin IRA offers insurance from BitGo Trust, has access to trading at all times of the day, and features some of the most comprehensive tools to help you become a top-tier cryptocurrency investor.

Their executive team strives for greatness, and they see the greatness in what you could do together with your new crypto IRA.

Bitcoin IRA Services

  • $100M Insurance: You need to be insured with a digital good like cryptocurrency, and they have you covered.
  • Custodial Services: Being able to store your crypto in a cold storage entirely offline, all without having to be in the custody of your own devices and storage options, is invaluable in its own right.
  • New Saver IRA: You can begin with a $100 investment in your account, but it requires monthly contributions that you must adhere to.
  • 24/7 Trading: You never have to stop trading and investing. If you’re awake, then the market is open to you no matter what time of day.
  • Advanced Reporting: Analytical information shows you the best investment opportunities at your fingertips so you don’t have to be as hands-on as you would be with other platforms.

Bitcoin IRA Fees & Costs

Service

Investment Minimum

Annual Fees

Crypto IRA

$3,000

$240

  • Platform Fees: You can expect to see transaction fees from 1.5% for most crypto, up to 12.50% depending on the volatility of the sale. This is one of Bitcoin IRA’s least attractive points.
  • Minimum $3,000: That’s a low barrier to entry, so anyone who’s even thinking about starting an IRA account can afford the cost of admission.
  • Transaction Fees: Yes, on top of platform fees, there are 1% transaction fees on sell orders, and up to 5% on buy orders.

Is Bitcoin IRA Right for You?

For newer investors, the higher fees right from the start can be a bit daunting and make you not want to go with them, which is understandable.

Bitcoin IRA has been in this space for a while and knows the value of what they’re offering, so the fees come from experience and realizing that they are one of the best services out there.

If you have a decent amount to invest, the security, insurance, and 24/7 trading that Bitcoin IRA offers you is beyond worth it, you just have to expect some higher fees because of how excellent their automatic investing tools are.

Bitcoin IRA FAQ's

Is Bitcoin IRA trustworthy?

Bitcoin IRA is as trustworthy as you’re ever going to find in the crypto IRA space. They are accredited by the BBB, have excellent customer service that answers your questions, and has no major complaints to date revolving any issues with finances or crypto storage.

You’re always going to find the one or two customer service horror stories regardless of what business or business type you’re researching, and we’re sure that there have been bad instances of customer care (it happens no matter what business you’re in).

However, they’re known for being trustworthy and beneficial to their clients in the crypto IRA space.

How long has Bitcoin IRA been in business?

Crypto is new, but Bitcoin IRA has been around since 2016 (relatively long in this space). They’ve been offering tax advantageous benefits for their crypto clients in the form of over 100,000 different accounts, offering dozens of cryptocurrencies that can be purchased and put into cold storage.

Which types of retirement accounts can I rollover to a Bitcoin IRA?

Full-service IRA rollover benefits mean that you can rollover more than one account type. As of right now, there are no limitations or restrictions of what IRA account types can be turned into a self-directed crypto IRA, so you’re able to roll everything over quickly.

The process typically takes under five business days as well, so if you’ve been planning this for a while, you won’t have to wait weeks on end just to finalize your transfer from a Roth IRA or simple IRA to a self-directed crypto IRA.

What type of storage does Bitcoin IRA use?

Every bit of storage is done offline, which is called cold storage. This ensures the best possible protection against hackers.

When your crypto is in cold storage, it’s offline—the code that holds your tokens is stored similarly to a flash drive holding files that aren’t on your computer or accessible via the internet, although far more sophisticated and secure.

Does Bitcoin IRA offer any type of insurance on my crypto?

Bitcoin IRA offers up to $100M in custody insurance, which is far beyond what most of us will ever need with our crypto IRA (or any IRA for that matter). They insure everything right from the start, so you’re safe every step of the way.

One of the biggest concerns with getting a crypto IRA started is that people think it’s vulnerable when it’s new, but Bitcoin IRA makes sure that your information and credentials are locked up tight from the get go, so you have nothing to worry about.

Compare to Other Companies

iTrustCapital logo
TRADING FEES
1% per trade
INVESTMENT MINIMUM
$2,500
PROMOTION
$100 in free Bitcoin
BitIRA logo
ANNUAL FEES
$300 - $1,000
INVESTMENT MINIMUM
$5,000
PROMOTION
Free Ledger for new customers
Coin IRA logo
ANNUAL FEES
$195
INVESTMENT MINIMUM
$10,000
PROMOTION
5% cashback on any qualified order

Bitcoin IRA

Bitcoin IRA is the world's first, largest and most secure cryptocurrency IRA platform used by thousands of clients.

  • Bitcoin IRA
  • Rating: 5
  • Reviewed by:
  • On December 14, 2021
  • Last modified:February 5, 2022

Review Summary:

Bitcoin IRA is the world's first, largest and most secure cryptocurrency IRA platform used by thousands of clients.

Review of: Bitcoin IRA

Reviewed by:
Rating:
5
On December 14, 2021
Last modified:February 5, 2022

Summary:

Bitcoin IRA is the world's first, largest and most secure cryptocurrency IRA platform used by thousands of clients.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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