BitIRA Review

Donny Gamble
December 17, 2021
Personalincome rating

BitIRA is well-established, offers great rates, and goes forth on their mission statement that everyone should be able to invest in crypto, no holds barred.

With a professional environment that has specialists to help you with your account, and an overall positive rating and review, BitIRA is living up to its potential every single day

BitIRA logo
on BitIRA's website
annual fee
Investment Minimum

Free Ledger for new customers

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The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

Insurance is a little difficult to get set up, but the full service that BitIRA offers is about as good as you’re going to get. When it comes to fees, they tow the line between average and high, but you’re paying for a top-end service and it’s still worth every penny.

While their list of cryptocurrencies is growing, it’s at a good point right now. Setup can take a while, but if you’re patient and willing to go through all the necessary hoops, BitIRA will be the last crypto IRA program you’ll ever need.

Pros & Cons

  • Full service assistance on every product they offer.
  • Debasement protection helps you make smarter investing choices.
  • Cold storage protection for maximum security.
  • Tax-deferred gains through the IRA program.
  • Setup takes a while and there are some hoops to jump through.
  • Requires a high upfront cost to get started.

Securing your financial future is stressful. Really stressful. Crypto IRA accounts and Bitcoin IRAs are designed to help ease the burden, because we all know that cryptocurrency is going up, so why not get on the train now?

BitIRA is one of the leading companies that assist investors with their crypto IRA journey. They’ve led the charge on some exciting innovative tools, and possess one of the best marketplaces for you to start investing.

If you’re keen to know why they’re always talked about, it’s time to learn.

About BitIRA

BitIRA is a small firm from Burbank, CA, who have been in this game for over seven years. They’re a full service company that helps you set up your account without having to worry about crazy restrictions.

Led by a strong value in security and safety, BitIRA was designed to add an extra layer of promise to the ever-changing digital landscape surrounding cryptocurrency.

BitIRA Services

  • Self-Directed IRA Account: You take control of your financial future; they just give you the tools to do it. You can self-direct your IRA and make investments as you see fit, with or without their guidance.
  • Custodial Services (Cold Storage): No hackers can get through to your cryptocurrency if it’s not connected to the internet. BitIRA is one of the most secure crypto platforms available today.
  • Online Trading Platform 24/7: You always have access to the online crypto platform, so you can trade, buy in to more coins, and even sell your coins to continue your investments.
  • Rollover: While you may need to contact a specialist to know which accounts you can rollover, you can transfer your existing IRA accounts into a crypto IRA in the blink of an eye.
  • Multiple Supported Currencies: Whether it’s Bitcoin, Ethereum, Litecoin, whatever the case is, there are tons of supported cryptocurrencies for you to choose from.

BitIRA Fees & Costs


Investment Minimum

Annual Fees

Crypto IRA





depends on the wallet you choose

  • Maintenance Fee: This is sometimes referred to as an annual fee. This is a whopping $195, which is a bit high compared to other programs.
  • Account Setup Fee: First-timer? You’ll be expected to pay $50 just to set up the account, so be sure to account for that along with all these other fees.
  • Storage Fee: It’s not a flat rate, it’s actually 0.05% of the crypto worth, so this can either be good or bad depending on how you look at it. Flat rate structures are usually preferred in this area.
  • Trading Fees: This is completely unclear, as it’s changed multiple times over the years, and is subject to change again in the future. Keep an eye on this fee type if you decide to open an account with them.

Is BitIRA Right for You?

Yes, the fees can be a bit high, and the 0.05% storage fee is specific, but overall BitIRA is a great company that anyone can feel good about opening a crypto IRA with.

Two custodians, cold storage, and the level of competency that new investors need to guide them—it’s a winning formula six ways ‘til Sunday.

Make sure that BitIRA represents your financial goals before finalizing your decision.


Is BitIRA trustworthy?

BitIRA has an A+ rating from the BBB, and on ConsumerAffairs, they hold a five-star rating as of this time. They’ve been one of the major crypto IRA platforms for years, and in the court of public opinion and countless online review sites, they hold a high rating for their high standard of how they conduct business.

BitIRA is as trustworthy as any other crypto trading or crypto IRA platform out there right now. Their history reflects it.

How long has BitIRA been in business?

2017, which is when a lot of crypto IRA companies were founded. You can expect to see some reflections of their young age in their services.

Overall, the crypto IRA market is still something that’s being built up, but BitIRA has done a phenomenal job of solidifying their place as a great firm.

Which types of retirement accounts can I rollover to a BitIRA?

“Any account that is eligible”, which leaves a lot of room for interpretation. You have to talk to your account specialist, because as the financial world changes every day, so does the crypto market.

As BitIRA is building up their brand and expanding their platform, they should have transparent information available for this instead of having to contact an account specialist.

For now, assume that traditional IRAs, Roth IRAs, and simple IRAs are all safe to rollover.

What type of storage does BitIRA use?

BitIRA maintains your wallet keys for cold storage. This means that your cryptocurrency is stored offline as separate data, so it cannot be accessed by hackers even in the event that their security fails.

Because BitIRA works with professional custodian services, your cryptocurrency is locked up tight as if it were a stack of gold bars. You’re protected every single step of the way.

Does BitIRA offer any type of insurance on my crypto?

BitIRA has end-to-end insurance, so from the time you start your IRA, you’re as protected as you can possibly be. However, it’s doubtful that you’ll need to utilize that insurance since they feature some of the best military-grade encryption for your IRA.

They understand that nobody wants to invest in digital-exclusive assets without real-world insurance. It’s just another reason that BitIRA is one of the best crypto IRA programs on the market.

Compare to Other Companies

Bitcoin IRA logo
Custodial Setup Fee waived
iTrustCapital logo
1% per trade
$100 in free Bitcoin
Coin IRA logo
5% cash back on qualified order


BitIRA offers a simple, streamlined process for investors to open IRS-compliant Digital IRAs – where cryptocurrencies can be held and grown under special tax-deferred status.

  • BitIRA
  • Rating: 4
  • Reviewed by:
  • On December 17, 2021
  • Last modified:March 3, 2022

Review Summary:

BitIRA offers a simple, streamlined process for investors to open IRS-compliant Digital IRAs – where cryptocurrencies can be held and grown under special tax-deferred status.

Review of: BitIRA

Reviewed by:
On December 17, 2021
Last modified:March 3, 2022


BitIRA offers a simple, streamlined process for investors to open IRS-compliant Digital IRAs – where cryptocurrencies can be held and grown under special tax-deferred status.

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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