BitcoinIRA Review

BitcoinIRA
BitcoinIRA - by, April 1, 2011
4/ 5stars
on
BitcoinIRA
  • Editor Rating
  • Very Good
  • 3/5 Avg. User Rating
  • 3 Reviews
Review Summary :

BitcoinIRA.com is recognized as the first-ever full-service Bitcoin IRA solution. Find out if the company's offerings are right for you.

Pros:

  • Bitcoin is the original pioneer in the world of Bitcoin IRAs
  • They offer an unparalleled range of 8 different digital assets
  • The firm offers interested individuals a free Bitcoin IRA investing guide

Cons:

  • Administration and storage fees are not readily available on the site
Quick Facts about BitcoinIRA
Year Founded:2016
Location:USA
Annual Fees:Variable depending on account value.
Supports Roth IRA?:No
Custodian:BitGo Trust
Assets Offered:Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, Stellar Lumens, Zcash.
Offers Other Assets?:No
Insurance Offered?:$100 million
Fees When Selling:Variable
Have you purchased products from BitcoinIRA? Leave a review!
Great platform but high fees
BitcoinIRA is great if you're planning on holding your Bitcoin or cryptocurrencies long term, but if you buy, sell and trade regularly, expect fees to add up. The fees apply with any transaction whether you buy, trade, swap or sell. The initial purchase fee is the highest. Expect a significant % of your Bitcoin IRA investment for your initial purchase, then the costs are lower if you buy, swap or sell your bitcoin for other cryptocurrencies like Ethereum or other IRA approved coins, but it can still add up so be careful. I decided to hold onto my bitcoin ira for now and ride it all the way to the moon, or to the ground, but hopefully to the moon ūüôā
October 21, 2021, 1:11 pm
Great for DIY Bitcoin IRA investors
I shopped around before going with Bitcoin IRA. They aren't the cheapest, but I still went with them because their platform allows me to self trade Bitcoin and Ethereum in my IRA any day any time. With other Bitcoin IRA companies you can get a slightly cheaper premium but you have to call them within business hours to buy/sell and sometimes they don't respond right away. If you are planning to buy and hold bitcoin long term, perhaps this company isn't right for you. However if you want the ability to trade, buy and sell anytime by yourself through their app or website, this is your best choice,
August 17, 2021, 5:11 pm
I love the Bitcoin IRA interface
I called a few bitcoinira companies and this was the only one that had an online platform that allows me to self trade 7 days a week. The others you have to call their trade desk during business hours which is annoying. Fees were a bit high with BitcoinIRA.com though but all in all I made some profits with my order so I'm happy ūüôā
June 27, 2021, 8:50 am

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BitcoinIRA arrived on the cryptocurrency IRA scene earlier than its major competitors including Regal Wallet. This first IRA company to offer both Bitcoin and Ethereum became a leader in the new field when it began operations in 2016. Since then it has attracted significant media attention from such industry leaders as Forbes, CNBC, Barron’s and dozens of other operations who expounded on their services and achievements in the Self-Directed IRA field. The company was a pioneer in the different cryptocurrencies it offered its clients, quickly adding Ethereum, Ethereum Classic, Bitcoin Cash, Litecoin, Ripple, Stellar Lumens, and Z Cash to its stable of IRA approved digital assets. Recently, they’ve even added physical gold bullion to their list of product offerings.

One of the main selling points of a BitcoinIRA account is that you can earn interest on your cash and crypto holdings. At the time of writing, users can earn 2% interest (APY) on crypto assets loaned out through the BitcoinIRA platform. For cash holdings, you can earn up to 6%, which is exponentially higher than the standard 0.05% that most savings accounts currently pay out. In other words, BitcoinIRA lets you build free money simply by holding your cash and crypto with them. Interest is compounded daily and paid-out monthly where the payouts are reflected directly in their portfolio balances.

Bitcoin IRA has touted its concentration on only handling cryptocurrencies since its inception. They were also the first IRA company to add Ethereum IRAs as the second largest market capitalization digital asset ether.

Source: BitcoinIRA Dashboard

As you can see above, the BitcoinIRA dashboard is extremely sleek and displays your portfolio balance in a neat, no-nonsense interface. From there, you can easily navigate to the buy, sell, and swap tabs to make instant trades without any hassles or headaches.

For a closer look at the full BitcoinIRA dashboard, here’s a screenshot of the entire screen. As you can see at the top, there’s a taskbar that lets you easily switch tabs to check live prices or make trades whenever you want. Plus, there’s a wealth of video and written resources to help you figure out their UI and get comfortable with their service.

Source: BitcoinIRA Dashboard

Bitcoin IRA Management Team

The Chief Strategist of BitcoinIRA is Ed Moy. He has been an enormous boost to the firm since joining it as the (former) 38th Director of the U.S. Mint, serving in this role from 2006-2011 while President George W. Bush was president.

Ed Moy has been a major believer in bitcoin and other major cryptocurrencies for a number of years. He brought to his exciting new role his impressive educational background in political science, education, and international relations. As head of the United States Mint, he supervised operations during the Global Financial Crisis and Great Recession. This was an era where there was an unprecedented level of demand for gold and silver bullion. Mr. Moy also oversaw the final days of the 50 States Quarter program, as well as the launch of the Presidential Dollar Coins and the National Park Quarters program. He managed the relaunched Saint Gaudens Double Eagle gold coins as well. His programs were so successful that his time at the mint saw a billion dollars of surplus earnings returned to the U.S. Treasury’s General Fund.

Alongside his role as Chief Strategist at BitcoinIRA, Mr. Moy has also been the Chief Strategist for Fortress Gold Group. They are a large provider of Gold IRA accounts. Moy is also an author of the book American Gold & Platinum Eagles.

The other outstanding name readily prescribed to BitcoinIRA is Chris Kline, who has served as the company’s Chief Operating Officer for years. Also an executive for Fortress Gold Group, Mr. Kline’s presence at BitcoinIRA suggests some sort of connection between the two firms. Kline has authored numerous articles and provided many interviews promoting both Bitcoin IRAs and the digital assets emerging universe.

Bitcoin IRA Opening Process

The main thing that BitcoinIRA demonstrates about their account opening procedures is how simple they are. You must choose a custodian from their list. They will help you to take it from there. You will fill in some simple forms and then begin investing in the digital assets almost straight away.

Their company permits you to take advantage of traditional IRA (that utilize pre-taxed dollars) or Roth IRAs (that employ after-tax dollars). The company representatives are happy to help you select from their range of cryptocurrencies that they offer so that you are comfortable with the mix of products that you have added to your IRA.

BitcoinIRA’s Bitcoin Storage

Storage is a key issue that you simply can not ignore regardless of the Bitcoin IRA firm that you choose to work with these days. If the digital assets are not sufficiently protected and stored, they can become stolen, hacked, or even destroyed in a computer virus or natural disaster that afflicts the storage computers. BitcoinIRA works closely with BitGo to offer secure storage of all their client funds and cryptocurrency units.

BitcoinIRA explains that they utilize a three layer security system and multi-signature digital wallet in their safety protocols. They do not specify if this is through cold storage, offline, or a likely stronger combination of the two concepts like Regal Wallet does. BitGo demonstrates a clear grasp and expertise on processing, handling, and storing the cryptocurrencies though.

Bitcoin IRA Company Products

This firm sells bitcoin and all of the other major cryptocurrencies. As of date of publication, this included Ethereum, Ethereum Classic, Bitcoin Cash, Litecoin, Ripple, Stellar Lumens, and Z Cash. They take great pride in having been the first Bitcoin IRA company to offer Ethereum to their clients. Today they call themselves the first, biggest, and most secure Bitcoin IRA firm.

BitcoinIRA has worked with Genesis Global Trading to obtain digital assets liquidity since its inception. BitGo handles the storage of all of their client funds and cryptocurrency units. These partner company arrangements have worked out well for their customers in the four years of their operations so far.

Bitcoin IRA Reviews, Ratings and Complaints

Here is a list of reviews and complaints that you will find on trusted reporting sites & rating agencies. There are links provided which will let you read the reviews in more detail.

  • BCA Rating:¬†AA¬†(details)
  • BCA Complaints:¬†0 Complaints¬†(details)
  • BBB Rating: Not Rated
  • BBB Complaints:¬†Not Rated
  • Complaint Board:¬†None Listed
  • Yelp:¬†Not Rated
  • TrustLink:¬†Not Rated
  • Yellow Pages:¬†¬†Profile¬†(details)
  • CitySearch:¬†Not Rated
  • Google+:¬†Profile¬†(details)
  • TrustPilot:¬†N/A
  • Facebook:¬†¬†(5.0 / 5) based on 1 review¬†(details)

The company does not have any BBB ratings so far, but BitcoinIRA does boast a reasonably impressive A rating from the Business Consumer Alliance.

Bitcoin IRA Contact Information

  • Address: 15303 Ventura Blvd, Suite 1060, Sherman Oaks, CA 91403
  • Phone:¬†877-430-3546
  • Website:¬†www.bitcoinira.com
  • Opening Hours: Monday-Friday: 8am-5:30pm PST

Key Pages from Bitcoin IRA’s¬†Website

Here are the most important pages from Bitcoin IRA’s website. You can read this information to better understand the company.

BitcoinIRA
BitcoinIRA - by, April 1, 2011
4/ 5stars
on
BitcoinIRA
  • Editor Rating
  • Very Good
  • 3/5 Avg. User Rating
  • 3 Reviews
Review Summary :

BitcoinIRA.com is recognized as the first-ever full-service Bitcoin IRA solution. Find out if the company's offerings are right for you.

Have you purchased products from BitcoinIRA? Leave a review!
Great platform but high fees
BitcoinIRA is great if you're planning on holding your Bitcoin or cryptocurrencies long term, but if you buy, sell and trade regularly, expect fees to add up. The fees apply with any transaction whether you buy, trade, swap or sell. The initial purchase fee is the highest. Expect a significant % of your Bitcoin IRA investment for your initial purchase, then the costs are lower if you buy, swap or sell your bitcoin for other cryptocurrencies like Ethereum or other IRA approved coins, but it can still add up so be careful. I decided to hold onto my bitcoin ira for now and ride it all the way to the moon, or to the ground, but hopefully to the moon ūüôā
October 21, 2021, 1:11 pm
Great for DIY Bitcoin IRA investors
I shopped around before going with Bitcoin IRA. They aren't the cheapest, but I still went with them because their platform allows me to self trade Bitcoin and Ethereum in my IRA any day any time. With other Bitcoin IRA companies you can get a slightly cheaper premium but you have to call them within business hours to buy/sell and sometimes they don't respond right away. If you are planning to buy and hold bitcoin long term, perhaps this company isn't right for you. However if you want the ability to trade, buy and sell anytime by yourself through their app or website, this is your best choice,
August 17, 2021, 5:11 pm
I love the Bitcoin IRA interface
I called a few bitcoinira companies and this was the only one that had an online platform that allows me to self trade 7 days a week. The others you have to call their trade desk during business hours which is annoying. Fees were a bit high with BitcoinIRA.com though but all in all I made some profits with my order so I'm happy ūüôā
June 27, 2021, 8:50 am

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