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When it comes to retirement planning, there are a lot of different options to choose from. But if you’re looking for a way to invest in cryptocurrencies, you might be wondering if there are any good crypto IRA accounts available.
In this article, we will review the top 3 Crypto/Bitcoin IRA options and compare them on items such as fees, investment options, security, reputation, and more.
Let’s get started!
What is the best crypto IRA company?
- BitIRA – [Best Overall]
- Regal Assets – [Best Width of Selection]
- iTrustCapital – [Best for Traders]
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BitIRA
BitIRA is a company that offers cryptocurrency-based retirement accounts including one of the most reputable self-directed IRAs on the market. They offer a variety of investment options, including Bitcoin, Bitcoin cash, Ethereum, Ethereum classic, Zcash, Bitcoin SV, and Litecoin. BitIRA is one of the only companies to offer a Roth IRA option for cryptocurrencies, and it has a $5000 account minimum investment to get started.
BitIRA proclaims itself to be the most secure digital currency IRA in the world, allowing you to invest in a range of cryptocurrencies. Your funds are stored offline in cold storage, in guarded nuclear bunkers (Grade 5) with round-the-clock protection (monitoring and guards), so you can sleep well knowing your investment is safe.
BitIRA is not a platform for making trades yourself, so if you’re an active trader this isn’t for you, but if your plan is to hold long-term it’s the best crypto IRA company. Getting started is straightforward, although you’ll need the help of a digital currency specialist to open your account and conduct transactions. They offer a traditional or Roth IRA, SIMPLE IRA, and even SEP accounts.
Features
- Self-directed IRA
- End-to-end insurance with $100 million coverage in place
- Encrypted, personal hardware device
- Multi-encryption and multi-factor authentication
- Cold-storage of your digital assets completely offline in a nuclear grade bunker
- CCSS compliant
Bottom Line
If you require the safest storage option on the planet for your cryptocurrency iras, the one of the most reputable Bitcoin IRA companies, and will be holding your Cryptocurrency for the long term (as regular trading is tedious) there’s no better option than BitIRA.
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iTrustCapital
ITrustCapital is a fantastic Crypto IRA option if you want more flexibility with your investing and trading since it allows self-trading 24/7. This is perfect for active traders looking to trade within their retirement accounts. It even has recently added staking capabilities if you’re looking for passive income.
They store your cryptocurreny securely with a third party (an instutitional-level crypto custodian) who ensures your investments are totally secure, and they offer a wide array (25+) of cryptocurrencies to invest and trade in (they even allow trading of gold and silver).
Features
- 24/7 trading available
- Easy rollover from an existing 401k, TSP, 403b, 457 and even more
- Staking offered
- Assets securely stored with third party ensuring that no one is using your cryptocurrencies to lend against
- Over $6 billion in transactions processed
Bottom Line
If you’re an active crypto trader and looking to do that in an IRA, iTrustCapital is an excellent choice. It’s secure, easy to use, and readily available at all hours of the day and night.
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Regal Assets
Regal Assets is a company that specializes in digital asset investments. They offer a variety of cryptocurrency IRA and investment options, including Bitcoin and other cryptocurrencies (including Ethereum, Litecoin, etc.). Regal Assets is one of the most reputable and well-known companies in the crypto space and has a wide variety of crypto options to invest in.
Features
- High-quality, regulated investment options
- Secure cold-storage
- Fast & easy 24/7 online IRA setup
- A wide variety of cryptocurrencies (25+) to choose from
- $200 million in insurance coverage
- $250 flat fee annually (waived the first year)
Bottom Line
If you’re looking for a high-quality, reputable, and well-known cryptocurrency company to invest with, Regal Assets is one of the best Bitcoin IRA companies around. They offer a wide variety of investment options and have some of the best security measures in place to protect your assets.
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F.A.Q.’s
What are Crypto IRAs?
A Crypto IRA is an individual retirement account in which you can hold and invest in cryptocurrencies instead of more traditional assets like stocks and bonds.
What are the benefits of Crypto IRAs?
Crypto IRAs allow for several tax advantages over investing in a regular account. Also, some consider Cryptocurrencies to be a hedge against inflation (although the validity of that point remains to be seen).
What are the disadvantages of Cryptocurrency IRAs?
One disadvantage is that you are limited to only being able to hold cryptocurrency in the account, meaning you’ll need separate accounts for your stocks, bonds, precious metals, etc.
What cryptocurrencies are supported in these IRAs? Is there a Bitcoin IRA option?
Most major cryptocurrencies are supported by these providers including Bitcoin, Ethereum, Litecoin, and more.
How do you open a Bitcoin IRA?
- Understand your goals
- Choose an IRA provider
- Read through their terms, fees, security measures, etc.
- Begin the rollover process (many of these companies will assist you in this)
What is a self-directed IRA?
A self-directed IRA is an IRA that allows investments in alternative assets such as real estate, cryptocurrency, nontraded businesses, and even farms. You need a custodian or trustee who specializes in these investments to handle the transactions for you. They come with a higher return potential, but also higher risks.
What to consider when opening these best Crypto IRAs?
- Custody of your crypto: who is holding your Bitcoin IRAs and other cryptocurrency IRAs, how securely it is held, and what type of guarantees and insurance the company offers.
- Reputation and customer service
- Costs/Fees
- Accessibility to buying and selling
- Ease of use
What are the benefits of a Crypto IRA?
There are several benefits to investing in a Crypto IRA, including the potential for long-term growth, diversification of your portfolio, and increased long-term profit potential that crypto holds (but also increased volatility).
Is a crypto IRA a good investment?
Crypto IRAs can be a great investment if you believe in the long-term potential of cryptocurrencies. If you’ve done your research and spoken to a financial advisor, and feel like you want some exposure to crypto in your individual retirement accounts, then investing in crypto in your IRA offers many tax benefits.
Is there an IRA for crypto?
Yes there are many IRA’s for cryptocurrency (including Bitcoin IRA’s, self-directed IRA’s, and more).
Does Coinbase offer an IRA?
Coinbase doesn’t have an IRA itself, however, it has partnered with other crypto IRA companies such as Regal Assets to provide these broad financial services to a wider audience.
Does fidelity have a crypto IRA?
Fidelity offers a many cryptocurrency investment options through ETFs, and at the end of 2022 they plan to offer a Bitcoin 401k option (letting users allocate up to 20% of their 401k towards cryptocurrency.
Will crypto be around in 30 years?
No one knows the answer to that question 100%, but many analysts believe the global cryptocurrency market has the ability to more than triple into the 2030’s.
Are there any precious metals IRA’s?
Yes, there are many great options for investing in precious metals (gold, silver, palladium, etc.) in an IRA including GoldCo, Augusta Precious Metals, and Birch Gold.
Will crypto allow me to retire early?
That question can only be answered by the crypto market itself, and your ability to hold for the long term and dollar-cost-average into your investments. If you’re looking to retire early, you’ll probably want to focus on developing a more stable high income through a side business of some sort, as the crypto markets are still a speculative investment.
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Conclusion
So, what is the best crypto IRA company? The answer to that question depends on your specific needs and preferences.
BitIRA offers a wide range of investment options, Regal Assets is great for those who want a lot of hand-holding, and iTrustCapital has some of the lowest fees around.
Ultimately, it’s up to you to decide which option is right for you. Do your research, compare rates and features, and make an informed decision about which company will help you secure your financial future.
Also, while you’re diversifying your retirement portfolio, consider investing in some physical gold in a gold IRA with a reputable company like Augusta Precious Metals or Goldco. The goal with all of these investments is to diversify our risk so that we are never caught up the creek without a paddle.
NOTE: Cryptocurrencies are very speculative and risky investments. Their value could increase dramatically over the next few years or it might go down to nothing. Only invest an amount that you could afford to lose in the worst case scenario. Diversifying your assets is the best way to protect your hard-earned money. This site is not providing financial advice and is for education and entertainment purposes only. I’m not a financial advisor, and recommend you discuss your investment strategy with a professional financial advisor.
Husband of 10+ years, father of 4, and savvy in all things (ok, let’s be modest, most things) personal finance. My aim is to help free a generation from the chains of dumb money habits destroying lives. I’ve made my fair share of mistakes along the way, but through a slightly obsessive pursuit of financial freedom, I’ve learned a thing or two. Now I’m here to share it.