Pros and cons and who should set up an account

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Bitcoin IRA Bitcoin IRA

fees

3.99% one-time fee; 2% trading fee $100/month Saver IRA balances under $25,000: $20/month; Balances over $25,000: 0.0008%

investment types

Cryptocurrencies and Gold

Bitcoin IRA Bitcoin IRA

fees

3.99% one-time fee; 2% trading fee $100/month Saver IRA balances under $25,000: $20/month; Balances over $25,000: 0.0008%

investment types

Cryptocurrencies and Gold

fees

3.99% one-time fee; 2% trading fee $100/month Saver IRA balances under $25,000: $20/month; Balances over $25,000: 0.0008%

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overall rating

Is Bitcoin IRA Right for You?

If you want to use cryptocurrencies For retirement savings, you can’t do this with a regular one IRA. You need to set one up Self Directed IRA (SDIRA) since investments such as cryptocurrencies and precious metals are considered alternative assets.

Founded in 2016, Bitcoin IRA offers SDIRAs for investing in cryptocurrency and precious metals. The account lets you transfer existing funds from several different types of retirement accounts, and you can set up automated contributions with its Saver IRA.

While you can use it to trade gold and more than 60 cryptocurrencies, it’s not the best idea for traders looking for other alternative assets like silver and real estate. There are also multiple fees, and — although a $3,000 minimum account is listed — you’ll need to call a representative for basic information, as deposit fees are based on your investment amount. However, we have listed the trading fees, monthly fees and Saver IRA fees below.

Bitcoin IRA vs BitIRA

Bitcoin IRA and BitIRA offer similar IRA services for alternative assets like cryptocurrencies, but you will get more out of Bitcoin IRA. Not only does it offer a lower minimum requirement, but it also offers gold and a wider range of crypto assets. It also offers up to $700 million in insurance coverage. BitIRA offers $100 million in insurance coverage.

Bitcoin IRA vs. iTrust Capital

While both Bitcoin IRA and iTrustCapital offer SDIRA services for cryptocurrencies and other assets, the two platforms have different capabilities. For one, you pay less to set up an account with the latter and you can trade both silver and gold.

Bitcoin IRA has a stronger selection of cryptocurrencies. It offers more than 60 cryptocurrencies, while iTrustCapital only offers 30. But iTrustCapital makes up for this by allowing you to earn rewards of up to 9.5% for staking Polkadot.

Ways to invest with Bitcoin IRA

Bitcoin IRA

Bitcoin IRA is best suited for individual investors looking to build retirement wealth in cryptocurrencies. It offers SDIRAs that allow you to invest in such alternative assets and allows for 24/7 over-the-counter trading. You need at least $3,000 to get started and the platform allows you to trade existing assets from 401(k)s, 403(b)s, IRAs, Roth IRAs, SEP IRAsand EASY IRAs.

But the fees are on the higher side. In addition to the minimum requirement, you have to pay a setup fee that varies depending on the amount you want to invest. On average, this fee is 3.99%, but it varies depending on the balance. You’ll also pay $20 per month if your balance is under $25,000. If your balance exceeds this amount, you will pay 0.0008% each month.

However, it offers 60+ cryptocurrencies including Bitcoin, Litecoin, Cardano, dogcoin, and more. These have a 2% transaction fee, meaning you pay 2% on every purchase or sale. Although the platform is not a crypto wallet or exchange, it connects you to exchanges to enable trading.

This is an extensive crypto selection compared to other platforms (e.g. CoinIRA and iTrustCapital) that offer 30 or fewer cryptocurrencies. But Bitcoin IRA choices are still limited compared to Alto IRA. Alto IRA currently supports more than 200 cryptocurrencies thanks to its Coinbase integration.

But when it comes to the rollover process, transferring assets from an existing retirement account seems pretty straightforward. After you set up an account with the Bitcoin IRA, it requests a transfer of those assets from the custodian of your 401(k). You can then buy your desired cryptocurrencies once the funds have reached your account.

But you can also invest in real gold. This allows you to acquire ownership rights to US-certified gold bars. You can also exchange gold 24/7, and the platform says it insures the gold through Brink’s bullion vault facility.

Save IRA

This account option costs $100 per month and gives you access to automatic contributions and monthly recurring contributions (meaning you can link a savings or checking account to make regular contributions). As with the other IRAs, this account also limits you to cryptocurrencies and gold.

Bitcoin IRA: Is it Trustworthy?

That Better business office gives Bitcoin IRA an A+ rating. The Bureau’s ratings range from A+ to F, so this is the highest rating a company can receive.

When evaluating companies, the BBB considers several factors. This includes type of business, time in business, history of customer complaints, licensing, government action, advertising issues, bankruptcy and more.

The Bitcoin IRA list is free from lawsuits or scandals. It has closed two complaints in the past 12 months and currently has no unresolved complaints, according to its BBB profile.

Bitcoin IRA – Frequently Asked Questions (FAQ)

Yes. Founded in 2016, Bitcoin IRA uses multiple security measures — including cold storage wallets, multi-signature encryption, and custody account insurance — to protect your assets. The exchange also has no record of website hacks.

Bitcoin IRA has a one-time service fee that is charged up front. This amount varies depending on your initial investment amount. Also, the platform states that it charges a custodian and security fee. You must call the agents to obtain fee information for your investment amount.

no You can only buy cryptocurrencies through the Bitcoin IRA platform.

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