Coin IRA Review

Donny Gamble
December 15, 2021
4.0
Personalincome rating

You hate fees? So do we, so does everyone, so Coin IRA offers some of the lowest fees out there because they know how unattractive those are. However, they’re not as front-and-center about this, so you may need to incur questions or set up an appointment with them.

Coin IRA logo
on Coin IRA's website
Coin IRA
CUSTODIAN FEES
$195
annual fee
Investment Minimum
$25,000
PROMOTION

5% cash back on any qualified order of $50,000 or more

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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

Coin IRA doesn’t like incurring high fees, but as a result their growth appears to be a bit slower than their counterpart platforms and IRA programs.

Their account specialists go unmatched and make everything feel like a seamless process from start to finish, and they make you feel like a top dog investor even if you’re just hitting the minimum requirement.

Their focus is on crypto security, and that’s something we can all get behind, even if it takes a little bit of time for the other elements of their service to catch up.

Pros & Cons

Pros
  • Low fees for all account types.
  • Consultants that can help you build your IRA.
  • Plenty of storage options at your disposal.
  • Fantastic cryptocurrency security.
Cons
  • Website is lacking information, you may need education from a different source.
  • Still has to get up to date on all available cryptocurrencies.

Security, accessibility, and cold storage—these are three of the first things that come to mind when you think of Coin IRA. Their emphasis on being a stable, safe haven for you to put your cryptocurrency is what makes them so great.

They have all the building blocks of a great company, they’re just still building upon the foundation. If you’re someone who can see the vision they’re going for and how they’ve been working towards it, it would be a good time to hop on the bandwagon.

About Coin IRA

Their goal is to bring some clarity to the increasingly complex and difficult world of personal finance. There are more investment options today than there ever were before, and it can be daunting for any investor, new or seasoned.

Their mission is to help direct you through the fray, point you towards a safe trading platform that doesn’t aim to overwhelm you, and give you the tools necessary to become your own investor through self-directed IRAs.

They guide you, but they put your future in your hands in a way that an individual cannot do on their own.

Coin IRA Services

  • Excellent Reporting Tools: Coin IRA helps you analyze your portfolio and make the next step, no matter what it is.
  • Account Specialists: At-the-ready and knowledgeable as can be, Coin IRA has specialists that can answer your questions and explain investing to you as needed.
  • Intuitive Trading Platform: Their online platform is relatively easy to use, it all just depends on how deep you want to go with crypto trading.
  • Cold Storage: All of your assets are protected in cold storage. No internet connection equals no hackers breaking through.

Coin IRA Fees & Costs

Service

Investment Minimum

Annual Fees

Crypto IRA

$25,000

$195

Non-IRA

$3,500

$0

  • Maintenance Fee: Annually, you can expect to pay $80 for maintenance. This covers everything needed to keep your account open and in good standing.
  • Storage Fees: $100 per year, regardless of how much crypto you have.
  • Account minimum: $20,000 is the minimum you need to open an account. That’s exceedingly high for any crypto IRA, but it’s how they keep their fees low, so it’s a good trade-off.
  • IRA Setup: This runs about $50, and a $30 wire fee on top of it for funding that account once you’re all set.
  • Non-IRA Transactions: If you’re buying crypto and it’s not going into an IRA, then you have to meet a minimum of $3,500 per transaction. This isn’t a casual trading platform; it’s designed for long-term investing, so you may want to use another platform if you plan on day trading crypto.

Is Coin IRA Right for You?

While the game of catch-up is still going, that’s something that you’ll see in any industry; there can’t just be one company to lead everyone, they all have their strengths and weaknesses.

With Coin IRA, you have the ability to put your future in your own hands; they’re just giving you the tools needed to steer your financial ship into safe harbor. Coin IRA is a great choice for anyone looking to secure their future in a crypto IRA.

Coin IRA FAQ's

Is Coin IRA trustworthy?

Coin IRA is one of the leaders in this space, and has been for some time. After going through numerous reviews, inspecting their services and accreditations, and using the service ourselves, Coin IRA is completely trustworthy.

It’s difficult to trust an institution in a new space like this, but with cryptocurrency IRAs on the rise and companies being born every day, they’re still holding strong.

They’re one of the best picks out there, no questions asked.

How long has Coin IRA been in business?

Since 2017, they’ve been leading the world in cryptocurrency security, doing everything they can to ensure a seamless transition between the purchase and the storage process of your cryptocurrency.

They have a track record of implementing feedback and features requested by their investors (you), and making their platform accessible. Regardless of the shorter history, they’re making waves.

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

Any type of retirement account. Thanks to their account specialists, they can assist you with rolling over any retirement account into a self-directed IRA where you can begin trading and storing cryptocurrency immediately.

What type of storage does Coin IRA use?

All purchased coins and assets are kept in cold storage. This means that they’re stored in crypto wallets that are completely off the grid—there’s no internet access, so there’s no way for hackers to access it.


It’s stored similarly to gold, in a high-security environment by professional custodians that know how to handle your investment.

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

Coin IRA has to work with custodians to offer insurance, so while they don’t provide it on their own, they direct you through their custodian service to get insurance. That means they’ll still be there with you to help store your digital assets, but they won’t directly provide you with insurance.

It’s still good that you’re insured, but it would be better if it was all handled directly. It’s just an extra step to take into consideration if you go with Coin IRA. You just have to talk to your account specialist to see all the options.

Compare to Other Companies

Bitcoin IRA logo
ANNUAL FEES
$240
INVESTMENT MINIMUM
$3,000
PROMOTION
Custodial Setup Fee waived
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

Founded in 2017, Coin IRA was one of the first companies in the United States to offer investors the ability to add cryptocurrency to their retirement plans.

  • Coin IRA
  • Rating: 4
  • Reviewed by:
  • On December 15, 2021
  • Last modified:February 5, 2022

Review Summary:

Founded in 2017, Coin IRA was one of the first companies in the United States to offer investors the ability to add cryptocurrency to their retirement plans.

Review of: Coin IRA

Reviewed by:
Rating:
4
On December 15, 2021
Last modified:February 5, 2022

Summary:

Founded in 2017, Coin IRA was one of the first companies in the United States to offer investors the ability to add cryptocurrency to their retirement plans.

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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