Best Bitcoin IRA Companies, Top 7 Cypto IRA Reviews in 2022

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Bitcoin’s fate of becoming the world’s first truly digital precious asset is already sealed.

Though traditionally seen as a volatile investment option with massive price swings, time has proven this golden child has not only sustained but grown exponentially in value since its inception.

And the crypto kid is here to stay.

Bitcoin was originally conceived as a medium of exchange, but over the years, it has found more popularity as a store of value. This turns it to be a CLASSIC LONG-TERM INVESTING ASSET, especially considering its total supply will be realized by the year 2140.

90% of the total supply of Bitcoin has already been mined. However, there are still some best Bitcoin IRA companies to consider when wondering about making cryptocurrency investments for your retirement savings portfolio.

There is no limit to the number of IRAs an individual can own (though there is an annual contribution limit). Diversifying investments is always advisable and more and more people are putting some of their retirement savings into crypto.

While these are called Bitcoin IRAs, they allow you to invest in other cryptocurrencies as well as, or instead of Bitcoin, including Ethereum and Litecoin.

When looking into a cryptocurrency IRA, you need to be careful just who you let manage your individual retirement account. This is your pension pot. Expertise in cryptocurrency trading is a given, along with security, fees, and a number of other very important factors.

Luckily, we have done all the hard work for you, trawling the web so you don’t have to. We reviewed 22 of the highest-rated Bitcoin IRA companies and made a list of the top 7 of them for you. 

Best Cryptocurrency & Bitcoin IRA Companies  – First Look

  1. Best overall cryptocurrency IRA – Bitcoin IRA
  2. Top crypto account and trading fees  – iTrustCapital 
  3. Responsive IRA customer service – Bitcoin Advizers
  4. Best for security – BitIRA 
  5. Great crypto storage options – Coin IRA
  6. No middleman IRAs – Broad Financial
  7. Lowest Bitcoin minimum investment  – BlockMint 

1. Bitcoin IRA – Best Overall Cryptocurrency IRA

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Pros:

  • Simple to set up and begin trading
  • Exceptional customer service
  • Been around since 2016
  • Digital assets insured up to $100 million

Cons:

  • Only nine crypto coins supported
  • High setup and maintenance fees

Individual investors can invest in crypto with their retirement accounts with this excellent exchange, which has been around since 2016 so Bitcoin IRA is no new kid on the block.

We like that.

It’s super simple to create a cryptocurrency IRA account and we love that this Bitcoin exchange platform has an app as well as a website, all with 256-bit encrypted SSL. There’s no doubt this platform is secure.

Bitcoin IRA stores your cryptocurrency funds in separate BitGo Trust segregated cold storage accounts. Cold storage is incredibly secure and safe from online hacks. On top of this, a $100 million Lloyd’s of London insurance policy covers investments.

We like what we’re hearing here.

Via your digital wallets, you can buy and sell nine types of cryptocurrency 24/7 in real-time. Woohoo! These 9 are the usual suspects including Bitcoin, Ethereum, Ripple and Litecoin. The big boys, in other words.

The other thing we love about this platform is that it’s easy to dip your toe in the water without going all-in with your retirement funds.

Bitcoin IRA have far lower minimum contributions than many platforms making this platform accessible for regular Joes.

Or Joannes. Because women rock at making savvy investments in the crypto market, it’s not just anoraks who live at home with their moms. No, really. Of course, women can be anoraks, but we are kinda digressing.

My point is, Bitcoin IRA is good for normal people.

There have two types of cryptocurrency IRA:

Bitcoin IRA Earn

  • Minimum deposit US$3,000
  • Earn up to 6% interest annually on cash and cryptocurrency holdings. 

Bitcoin Saver IRA

  • US$100 initial deposit
  • US$100 minimum monthly contribution 

Bitcoin Saver IRA is perfect for those wishing to diversify their investments.

This platform has high fees BUT Bitcoin IRA has an exceptional trading platform and customer service, which is always at hand to help you. Moreover, you also get up-to-date educational content in the form of an online library, videos, tutorials, and ebooks.

Great platform. That makes it our Number One.

2. iTrustCapital – Best for Low Account and Trading Fees

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Pros:

  • Low account & trading fees
  • Digital assets secured up to US$370 million
  • Tax advantages and savings
  • 27+ cryptocurrencies supported

Cons:

  • No interest earned on cryptocurrency
  • $2,500 account minimum 

US-regulated company, iTrustCapital is another great option because of its low account and trading fees. And no monthly fee. Yeah, you heard that right.

Where iTrustCapital excels over traditional crypto exchanges is the potential tax savings to be had. Cryptocurrencies are subject to capital gains tax when traded on traditional exchanges. Ouch.

I don’t know about you, but the IRS has had more than enough of my hard-earned money, thank you.

With iTrustCapital crypto IRAs, you can choose whether your account will be tax-deferred or tax-free, depending on which type of IRA you choose.

You say what, now? I said tax-free.

IRA clients can buy and sell precious metals as well. You can invest in both to have a well-diversified portfolio.

iTrustCapital’s 24/7 trading platform is compliant with IRS standards. It places and executes orders instantly and its customer service is praised through the roof.

There is no mobile app but this shouldn’t be a deal-breaker.

Unlike most Bitcoin IRA firms, iTrustCapital charges very affordable fees for its services.

You pay just $29.95 a month for your account custodial and management. For transactions, they charge 1% for every cryptocurrency trade and $50 over the spot for gold.

iTrustCapital was founded in July 2019 by alternative investment IRA industry leaders. They’ve helped over 22,000 clients and carry funds of $2 billion on their platform.

3. Bitcoin Advizers – Best Client Service 

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Pros:

  • Great service by phone, email & online 
  • Tailored service for you

Cons

  • New company with no track record
  • Minimum $10k investment

Bitcoin Advizers go the extra mile to guide you through the complexities of making cryptocurrency investments – which is why they’re our number 3.

The online reviews rave about the customer service and financial advice they get from this firm.

A huge plus is someone real is at the end of the phone. That’s a winner for me.

Experts at Bitcoin Advizers discuss your needs, expectations, and financial situation, then recommend the cryptocurrency that suits your retirement goals and the best IRA option.

Clearly, the emphasis is on clients’ education and awareness. The chief investment officer and advisors work together to design the best investment strategy for each individual client. You get all the required information, and advisors assist you in your investment decisions.

Magic!

Furthermore, Bitcoin Advizers offer in-depth annual portfolio performance reports. Specialists revisit your investments and retirement goals and help you to readjust your investment plans accordingly.

4.  BitIRA – Exceptional Security

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Pros

  • Dollar for dollar insurance 
  • Expert staff on hand 
  • Tax-deferred gains
  • Digital wallet & cold wallet storage 

Cons

  • High minimum investment (US$5,000)
  • Long account processing period 
  • Fees undisclosed on website

If security is a priority for you, BitIRA is the way to go. This company calls itself the world’s most secure IRA and rightfully so. Five-layered protection is no joke. These five layers are:

  1. Cold storage wallets kept under armed guards
  2. Multi-factor authorization
  3. Grade-5 guarded nuclear bunkers
  4. $1 million insurance
  5. Level II Cryptocurrency Security Standards (CCSS)

To match the 5-layer security is the dollar for dollar insurance.

BitIRA provides proper guidance throughout the investment procedure. A cryptocurrency expert sets up a rollover IRA and buys or sells crypto coins for you. They also help you choose the best cryptocurrency blend for your Bitcoin IRA.

The control over digital funds is always in your hands, but you’re provided with help whenever you need it. Digital Currency Specialists and Dedicated IRA Specialists will be on hand to assist you.

With BitIRA, you’ll always work with a licensed trust custodian, so you remain IRS-compliant during your time investing with them.

A huge plus. Much as I hate the IRS and all.

This is because BitIRA works with Equity Trust Company and Preferred Trust Company

A negative is you must initially invest at least US$5,000 and it can take 3 weeks to verify your information to get your account up and running. It’s also annoying that no fees are listed, as the site claim they offer these on an individual basis.

Maybe they do but I always worry with things like this I’ll get screwed and not offered the best rates.

I’m also short on time and don’t want the stress of going through an application process just to find how much I MAY get charged when I’m trying to decide which bitcoin IRA to invest with.

However, this hassle MAY well be worth it because of BitIRA’s security and advice. In addition, BitIRA ensures that all current and future transactions are invoiced transparently.

I hate hassle but I love transparency. If only they’d be as transparent about their fees.

BitIRA accepts seven cryptocurrencies for IRA – Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash, and Stellar Lumens.

5. Coin IRA – Best for Crypto Storage Options

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Pros:

  • Three storage options
  • Low fees
  • Insured up to US$100 million
  • Compliant with…



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