- 17 Jun 2021
- Bonds
- Finance
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Have you been watching the performance of cryptocurrencies lately and been wondering if now is the right time to invest? Would you like to be able to help set yourself up for a successful retirement at the same time? If so, perhaps a Crypto IRA is something you'd be interested in considering.
A Crypto IRA is a type of Self-Directed IRA (Individual Retirement Account) where you're able to hold cryptocurrencies, rather than the traditional stocks and bonds, in your retirement account. Each year you can contribute up to $6,000 to your IRA (or $7,000 if you're over 50), so it doesn't take a math whiz to do the math and see the potential growth that can occur between now and the date of your retirement.
However, how do you even start investing in cryptocurrencies for an IRA? Fortunately, there are different cryptocurrency investment companies out there that can help you do just that. To help you select which of these Crypto IRA companies is right for you, we've put together reviews of three of the top choices. Keep reading to find out more about each option and decide which is the right fit to help you start investing in cryptocurrencies to prepare for your retirement.
Crypto IRA Company Reviews



#1. Coin IRA

If you're looking for the best Crypto IRA company, Coin IRA is definitely a top contender. The company was founded in 2017. The company aims to help meet the interest of individuals looking to invest in cryptocurrencies, such as Bitcoin.
If you are looking to begin investing in cryptocurrencies for a retirement plan, Coin IRA offers a few different options to consider. They can either help you open up a new Crypto IRA, or if your current retirement account is eligible, they can also help you rollover an existing account into a new Crypto IRA.
If you choose to open a Crypto IRA with Coin IRA, you can choose from many different cryptocurrencies. Some of the options offered by Coin IRA include:

The cryptocurrencies you purchase can be store in a hard walled from hosts such as KeepKey or Ledger or in an offline vault that Coin IRA offers. With Coin IRA, you also have the option to store cryptocurrencies for an IRA in your own digital wallet, which is not always the case for Crypto IRAs offered by other companies.
Another benefit of signing up for a Crypto IRA with Coin IRA is that you don't have to worry about a minimum investment amount. While other account types with the company require a minimum of $30,000 to open, Crypto IRAs are not subject to this rule. You can set up an account with less and contribute up to $6,000 each year (or $7,000 if you're over 50).
If you have an existing retirement account that you would like to rollover into a Crypto IRA, a member of the Coin IRA team will be able to work with you to complete the rollover. Since it can be a bit confusing trying to determine if a retirement account is indeed eligible for a rollover, the team member can help you assess eligibility. They will then work with you to make sure the money is transferred from your existing account to fund your new account.
There are a number of benefits you'll enjoy if you decide to use CoinIRA to set up your new Crypto IRA. First, CoinIRA is backed by Goldco. Seeing this connection between CoinIRA and such a trusted name in the precious metals investment industry should give you confidence that you are working with a reputable company.
CoinIRA's platform is also safe and secure. You won't need to worry about any of your personal information leaking out on to the web to compromise your identity.
Coin IRA is also very knowledgeable regarding the IRS rules and regulations for Self-Directed IRAs. They fully comply with these regulations to ensure their customers don't face any unexpected fees or penalties.
Finally, if you hate calling a company to ask a few questions and explore your options and getting a hard-sell, you'll feel at home with Coin IRA. They don't believe in using high-pressure sales tactics. Rather, they work to educate each customer about investing in cryptocurrencies and setting up a Crypto IRA to make sure each individual's investment needs and goals are met.
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#2. BitIRA

BitIRA also offers Bitcoin, or Crypto IRAs. BitIRA works with respected IRA custodian companies to help individuals set up a Digital IRA to diversify their portfolio and help them start setting themselves up for a successful retirement. The two custodian companies that BitIRA works with are Preferred Trust Company and equity Trust company.
The account you open with either Equity Trust Company or Preferred Trust Company will hold your digital currency investments until you reach the age of retirement. Equity Trust or Preferred Trust will take over the administrative side of servicing your account, while BitIRA will help you with selecting and adding the digital currencies to your account.
BitIRA offers a variety of different cryptocurrencies for their investors. You can choose from:

One of the benefits of opening a Crypto IRA is that you can also choose to invest in other assets. Since a BitIRA is a form of a Self-Directed IRA, you are in control over what assets you hold in your retirement account, and may choose to also investment in stocks, mutual funds, precious metals, and real estate, amongst other options.
The team at BitIRA are dedicated to helping their customers feel confident and informed about setting up their new Crypto IRA. The work with you throughout the process of setting up your new IRA and selecting the cryptocurrencies you'd like to add to it.
If you are unsure which specific cryptocurrencies you want to invest in or have other questions about the process, a member of the BitIRA team will be right there to explain everything to you. They'll also help you complete all of the necessary paperwork for your IRA, oversee the transfer of funds for an IRA rollover, and help you with making future contributions or distributions from your account.
If you have an existing retirement plan, it may be eligible for a rollover into a new Crypto IRA. Some of the account types that may be eligible include a Roth IRA, traditional IRA, 401(k), 403(b), 457, and TSP (Thrift Savings Plan). IRA regulations can sometimes make it challenging to determine whether your account is actually eligible. If you are not sure whether your account is eligible, let a member of the BitIRA team work with you.
When you work with BitIRA, you can rest easy knowing your investment and personal information are safe. They have put security measures into place to protect their customer's investments.
For example, rather than using a 'hot' wallet (one that is connected to the internet), BitIRA uses 'cold' wallets. These cold wallets are not connected to the internet, and thus, your information and investment is more secure. All of your credentials are stored on a hardware device that is not connected to the internet.
These devices are also protected to offer further peace of mind. They are stored in a secure vault with full-time armed guards. Additionally, your assets are fully-insured to remove any possible remaining hesitancy.
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