Best Bitcoin IRAs of 2023

Bitcoin IRA assures a secure means for cryptocurrency buying, selling, and storage. The platform demonstrates a keen commitment to safeguarding its clients’ funds by employing multiple layers of protection measures.

Bitcoin IRA’s web application is protected by 256-bit encrypted SSL certification and the custody of digital assets is handled by BitGo. BitGo Trust, the service provided by Bitcoin IRA’s custodian, is trusted by investors due to its management of over $2 billion in assets and its position as the foremost processor of on-chain Bitcoin transactions.

Bitcoin IRA utilizes cold storage to safeguard all cryptocurrency investments, wherein the offline method is considered ideal for providing the highest level of security as it is not linked to the internet.

Lloyd’s of London provides insurance for custodial assets worth up to $700 million under BitGo Trust.

• You’d like to diversify your retirement savings with Bitcoin and other cryptocurrencies.
• You want to invest in cryptocurrencies tax free.
• You can weather volatility in your retirement portfolio.

2. iTrustCapital

iTrustCapital offers IRA clients the opportunity to independently invest in cryptocurrencies and gold with affordable fees. Orders are executed in real-time on the company’s trading platform, which operates 24/7, with settlement completed within five minutes.

Unlike other Bitcoin IRA providers that impose custodial fees, setup charges and other additional fees, iTrustCapital offers a simplified account management system that entails a solitary monthly fee of $29.95, inclusive of custodial costs. In addition, transaction fees of 1% for cryptocurrency or $50 above spot fees for gold are charged.

Industry experts in the alternative investment IRA sector established iTrustCapital, and its trading platform strictly adheres to IRS regulations.

3. Bitcoin Advizers

Bitcoin Advizers representatives have enthusiasm for guiding people through the complexities of investing in cryptocurrency. Clients first discuss their needs, financial situation and feelings about crypto investing. Bitcoin Advizers then recommends the best cryptocurrency for their IRA.

At Bitcoin Advizers, client education is given great importance. The chief investment officer collaborates with advisors to formulate a tailored investment plan for each client, whilst ensuring that they remain well-informed and assisted throughout the investment decision-making process.

The advisor conducts thorough annual reviews with clients to reassess their cryptocurrency investment strategy and retirement objectives. This involves offering guidance on modifying the plan and making informed decisions regarding the purchase and sale of cryptocurrency.

4. My Digital Money

Investing in digital currencies is made more accessible through the intuitive cryptocurrency trading platform and exceptional customer service of My Digital Money. The platform is designed for user convenience while employing top-notch security measures to safeguard your funds. Whether you have a cash account or a crypto IRA, you can engage in trading activities using their services.

At My Digital Money, you can rely on concierge-level customer service to address any inquiries, regardless of whether you are a novice or expert investor. The company assures that they will answer every call promptly, without having to wait for hours for a callback. Furthermore, My Digital Money’s customer support is situated in California.

Stop-loss orders and trigger orders are two automated trading tools provided by My Digital Money.

• Stop-loss orders limit your losses if the value of a specific cryptocurrency goes down. You can set sell orders as a percentage or dollar amount. The cryptocurrency sells at the current market price if the limit is activated.
• Trigger orders are automatic orders established to take a profit. Set a trigger order to automatically sell when the value of a cryptocurrency reaches a higher price.

With the Play Money function, you can try out tactics or examine how a market reacts to current events without putting your funds at stake by making mock trades.

With each transaction made on My Digital Money platform, a 0.75% custodial fee and a 2.15% platform fee are charged. Setting up an account is free, and investors can make use of Play Money before investing. My Digital Money is accessible in every state.

5. BitIRA Review

BitIRA guarantees the utmost security during cryptocurrency trading and for assets kept in your digital wallet. The world’s most secure digital currency IRA is claimed to be provided by BitIRA. The protection consists of five layers, namely, offline cold storage wallets, multifactor authorization, grade-5 guarded nuclear bunkers, $1 million insurance, and Level II Cryptocurrency Security Standards (CCSS).

BitIRA manages every aspect of the investment process, beginning with the set-up of your rollover IRA by a professional in the field of digital currency. They also facilitate trades and provide guidance in determining the optimal mix of cryptocurrencies. Despite this, you have full authority over your digital assets and can receive guidance when choosing investments.

To invest with BitIRA, a minimum of $20,000 is required for access to their selection of seven cryptocurrencies, which includes Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash, Stellar Lumens, and Bitcoin SV.

6. Coin IRA

Established in 2017, Coin IRA was among the initial firms to propose Cryptocurrency IRAs and receives predominantly favorable feedback from its clients. By employing Coin IRA’s self-trading crypto platform, clients can manage their IRA. Coin IRA possesses the proficiency to facilitate communication between consumers and exchanges, custodians, and crypto wallets. Investors can contact an account expert to execute Bitcoin and other cryptocurrency buy or sell orders.

Coin IRA guides investors in the process of purchasing various cryptocurrencies, including Bitcoin, Ethereum, Ethereum Classic, Chainlink, Dash, Litecoin, Stellar Lumens, Zcash, and more. The company utilizes a variety of open exchanges for crypto trading and collaborates with multiple wallet, storage, and custodian companies.

On Coin IRA’s website, users can find details on crypto IRA regulations, advantages, and current pricing, as well as access to a resource section. This segment includes an in-depth explanation of what determines cryptocurrency values, a news segment, and live charts for Litecoin, Ethereum, and Bitcoin.

7. Broad Financial

Broad Financial offers self-directed IRAs that come with checkbook control, making it suitable for experienced investors who desire greater authority over their retirement investments. With Broad Financial, you can establish an IRA that includes an assortment of assets, such as cryptocurrencies, gold, real estate, and several others.

To obtain a Broad Financial account with checkbook control, you’ll need to pay a setup fee of $1,295 in addition to a quarterly maintenance fee of $80 for the IRA. Despite the significant initial cost, you’ll be able to avoid trading fees and have immediate access to funds.

By opening a Broad Financial checkbook control account, individuals who trade often can enjoy significant savings on fees. This account allows for buying and selling without a custodian, and it offers multiple funding options such as credit cards, debit cards, and checks.

Other types of IRAs as well as Solo 401(k) accounts for self-employed investors are among the options provided by Broad Financial. A Solo 401(k) account enables clients to request loans, and a checking account is available for trading with flexibility.