Bitcoin IRA Review: Pros, Cons, Promotions, & Fees

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.

Bitcoin IRA is the first company to offer Bitcoin, Ethereum, and other cryptocurrencies in an IRA. It makes crypto IRAs more accessible to everyone by educating its customers, creating a user-friendly platform, and providing top-notch security through BitGo.

Bitcoin IRA logo

Our Partner

Bitcoin IRA Platform

AT A GLANCE

  • 24/7 self-trade platform.
  • Over 2,500+ 5-star reviews
  • Tax-free investing
  • Word class security
Overall Rating
4.5/5

A+ BBB Rating

Average review rating 4.7/5 on Google

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Pros & Cons

Pros

  • Only a $3,000 minimum investment
  • Free investors guide and help from a team of cryptocurrency specialists.
  • 8 different coins available for investment.
  • Cold offline storage.
  • Trusted by more than 50,000 account holders.

Cons

  • Volatility of cryptocurrencies.
  • High set up and maintenance fees compared to traditional IRAs.

Are you concerned about the future? You’re not alone. About 88% of Americans agree that the US is facing a retirement crisis.

We all want to build a nest egg that will provide financial security when we retire. But what will happen to your IRA when the next recession hits?

One of the best ways to protect your nest egg is to diversify your retirement portfolio. Investing in a crypto retirement account with Bitcoin IRA helps with diversification, provides an opportunity for tax-free growth, and limits inflation. 

But is it right for you?

Bitcoinira icon

Quick Summary

Minimum Investment: $3,000

Custodian Fees: $240 annual account fee, 0.05% wallet holding fee

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

About Bitcoin IRA?

Bitcoin IRA is a trailblazer in its industry. It was the first company to offer Bitcoin, Ethereum, Bitcoin Cash, and other cryptocurrencies in an IRA. And it’s unique in that it only uses cryptocurrencies.

Other Bitcoin IRA companies exisit - but the original Bitcoin IRA is considered an authority in the field.  How does that benefit you? The specialists you speak to are truly experts because that’s all they do.

So if you’re new to the world of cryptocurrencies or you're nervous about investing, the Bitcoin IRA team can give you the education you need to make an informed decision.

Their goal is to make crypto IRAs a simpler and safer option for everyone. That’s why Bitcoin IRA's platform puts a lot of emphasis on educating and guiding their customers.

Services

How does Bitcoin IRA secure your digital assets? Do they provide insurance? Here are some of the services they offer.

24/7 Self Trading Platform

This company has a proprietary self-trading platform where you can buy and sell digital assets 24/7 in real-time.

Secure Custody

BitGo Trust (powered by BitGo Inc.’s technology) stores your digital assets. BitGo Inc. is the largest processor of on-chain Bitcoin transactions in the world.

$100 Million Insurance

Bitcoin IRAs are protected by up to $100 million of insurance.

Earning Interest

You can earn 3-5% interest on your cash and cryptos on their platform. And there are no daily earning accruals, no upfront fees, and no lock-up periods.

Security Certification

BitGo’s platform is SOC 2 Type 2 certified by a third-party auditor. They have high-security standards regarding privacy, encryption, compliance, data, and financial asset reporting.

Military-Grade Security

They store your digital assets using 100% cold storage technology in bank-grade Class III vaults.

Dedicated Phone Support

During business hours, a team of specialists can help you and answer any questions you might have.

Investment Minimum & Fees

The minimum investment amount for both IRA and non-IRA accounts is $3,000. That’s a pretty low threshold. In fact, you can even open a Saver IRA with a $100 initial investment and an on-going commitment to contribute.

Take a look at a traditional IRA or Roth IRA and you'll see that an opening balance will start at $10,000. So if you’re just getting your feet wet, this amount gives you the option to ease into it slowly.

But what’s the catch? Does a Bitcoin IRA account come with fees will you have to pay?  Here’s a complete breakdown of the associated costs.

You can call one of their representatives to explain the prices for your particular investment amount.

Fees

Amount

Platform setup fee

as low as 5.99% (depends on investment amount)

Custodial Fees

$240 annual account fee, 0.05% wallet holding fee

Today May Be the Best Time to Buy Crypto Ever!

BitcoinIRA customers have traded over $400 Million in investments

Who is Bitcoin IRA Best For?

Is Bitcoin IRA right for you? You don’t have to be a cryptocurrency expert to invest.  The company provides a free investor’s guide, an informative award-winning blog, and open communication with a team specializing in alternative investments, cryptocurrencies and cryptocurrency IRAs.

In its short history, cryptocurrency has been extremely volatile at times. And the setup, maintenance, and transaction fees can add up quickly.

Though many believe that these digital assets have a lot of potential growth in the long run, some feel that the risk isn’t worth it. Of course, all investments require a measure of risk, so where do you fall?

Many who are concerned about the volatility of cryptocurrency might invest in gold because of its reliability.  Though gold is a stable investment, it lacks the considerable potential for growth that cryptocurrencies have. 

If you want to diversify their retirement portfolio and you believe in the future of digital currencies, Bitcoin IRA is right for you.

What Makes Bitcoin IRA Unique?

These days Bitcoin IRA isn’t the only company to offer cryptocurrencies in an IRA. My Digital Money, BitIRA, CoinIRA, and iTrustCapital, are some of its competitors.

So what makes Bitcoin IRA unique?

  • In 2017, they processed more than $300 million in investments, and investors received an average return of 172%.
  • They only use BitGo because their multi-signature cold-storage wallets provide the highest security available.
  • To reduce the possibility of lost or stolen investments, the wallet and trust company maintain the customers’ keys and securities.
  • A team of specialists will help you complete your crypto IRA application, buy cryptocurrencies, access your cold storage wallet, and transfer your IRA or 401k funds. So you never have to navigate self-directed IRA cryptocurrency investing alone.
  • General Counsel and Senior Compliance Officer Maryann Bullion is part of the team. She helps make sure that the platform is secure and compliant.

Additionally, though there are now several companies that offer crypto IRAs, not all digital wallets are the same. Bitcoin IRA uses Bitgo’s digital wallets. Why is that significant?

Bitgo supports a variety of different coin types. But other custodians, like Xapo, only support Bitcoin.

Bitcoin IRA Alternatives

iTrustCapital
iTrustCapital Logo
  • Fees: 1% transaction fee
  • Minimum Investment: $1,000
  • Promotion: $100 reward when you fund your account
BitIRA
BitIRA logo
  • Fees: $300-$1,000/year
  • Minimum Investment: $5,000
  • Promotion: Free ledger for new customers
My Digital Money
MDM logo
  • Fees: 2.9% per trade
  • Minimum Investment: $1,000
  • Promotion: $50 or a free NFT to new qualified accounts

Reviews & 3rd Party Ratings

What kind of reputation does Bitcoin IRA have? The Better Business Bureau gives it accreditation, an A+ rating, and there are only two complaints on their BBB profile.

Customers gave the company 4.7 stars on both BirdEye and Google, and 4.6 stars on Shopper Approved. And those ratings are taken from more than 2000 Bitcoin IRA reviews directly from customers.

Bitcoin IRA reviews from Google, Bird Eye, and Shopper Approved

Joe Nagy

“Bitcoin IRA has a very easy to understand and navigate the website. There are instructional videos on every topic that you can view and learn more about their services. A helpful representative called the next day to see if I had any questions and was helpful. If you are interested in having Bitcoin as part of your retirement portfolio, you should consider using Bitcoin IRA.” -

Alpash Parmar

“It was very easy to sign-up. Far easier than other exchanges. I was also able to easily set up roll-over. Fees are ridiculously high compared to any traditional IRA.”

Brittany Borowski

“Love the concept! Platform is easy to use as well as account set up, transferring takes several days. Funding would be easier if bank or ach deposits were allowed, but legally only transfers from "retirement" accounts are. Cannot wait to invest when funds arrive!”

Richard L.

Customer

BirdEye

“Great experience all the way around was easy to set up if you're interested in learning how to get into the crypto-currency market five stars.”

KDB

“Issues with moving funds from my old IRA required me to wire funds from my bank. This was somewhat inconvenient, and my bank charges a high fee for wires. Would be nice to have an ACH option, especially if I want to make future contributions.”

Shannon

“Great customer service and knowledgeable to boot! Thanks for making Bitcoin easy to bring into our retirement accounts!”

Promotions

For a limited time, Bitcoin IRA will waive the Custodial Setup Fee ($150 value). They also provide a free ebook when you create your account. 

This ebook, The Ultimate Guide to Crypto IRAs, helps those who are just starting to explore this option.

How to Get Started with Bitcoin IRA

It’s easier than you think. After following three simple steps, your account will be ready to trade in about 3-5 business days.

  1. Open a Free account with Bitcoin IRA here.
  2. Tell Bitcoin IRA how much you want to invest.
  3. Let Bitcoin IRA know how you want to fund your account.
  4. Provide the requested profile information.

Final Verdict

Bitcoin IRA is a leader in its industry. It offers potential customers a way to diversify their retirement portfolio by offering cryptocurrencies in an IRA.

Though it’s no longer the only business offering this, it has some unique benefits.  They have a 24/7 self-trading platform, dedicated phone support from cryptocurrency specialists, and BitGo’s excellent security system.

So if you’re ready to invest in what many are calling the currency of the future, Bitcoin IRA’s wide range of benefits probably appeal to you.

There are also a range of options to explore - the Bitcoin IRA, Bitcoin Roth IRA, and the new Saver IRA.  Many customers appreciate the excellent customer service and easy-to-use platform.

Do you want to learn more about a cryptocurrency IRA? Would you like some help setting up an account? Wondering if a Bitcoin or cryptocurrency IRA will complement your existing retirement accounts?

Head over to BitcoinIRA.com to get started.

Bitcoin IRA

Bitcoin IRA is the first company to offer Bitcoin, Ethereum, and other cryptocurrencies in an IRA. It makes crypto IRAs more accessible to everyone by educating its customers, creating a user-friendly platform, and providing top-notch security through BitGo.

Bitcoinira icon

FAQ's

Here are some questions you might have about how Bitcoin IRA might fit in with your retirement savings. The answers below will help you make an educated decision regarding whether or not to invest.

How is crypto able to be held in my retirement account?

In 2014, the IRS began to consider cryptocurrencies in IRAs as property. So they’re taxed just like stocks and bonds.

Bitcoin IRA is one of a handful of companies that help you store Bitcoin in self-directed IRAs.

Where will my IRA crypto be stored?

Bitcoin IRA stores your digital assets in segregated cold storage accounts at BitGo Trust.  These crypro IRA support accounts are offline to protect against thieves and hackers.

Which custodians are used to do the actual rollovers?

Bitcoin IRA only uses the qualified custodian BitGo when you rollover your existing IRA. Why? Because BitGo leads the industry in security.

Is there a buyback program? If so, what are the criteria?

According to Bitcoin IRA, there’s no buyback program at this time.

Does opening a crypto IRA require lots of complicated paperwork?

Nope, you can create your free account in less than three minutes. And transferring your IRA is quick and easy. Your account will be ready to trade in about 3-5 business days.

  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • Bitcoin IRA
  • Reviewed by:
  • Published on:
  • Last modified: December 2, 2022

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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