Best Crypto IRA Companies

Crypto.

For Young Investors to Retirees, Newbies to Pros, And the Self-Employed

 

A crypto individual retirement account (IRA) allows you to backup your retirement plans with crypto. It gives you the tools you need to trade and manage cryptocurrencies.

To maximize your potential returns while minimizing risks, you need an IRA that provides convenient, secure access to your crypto assets. You need both online and offline access for ample flexibility, as well as secure storage for peace of mind, comprehensive trading options, and hands-on trading assistance.

IMPORTANT: Please note that cryptocurrencies can be quite unpredictable so there are risks involved including the fact that crypto isn’t regulated by banks or central banks.

In this review, we’ll examine the crypto IRAs that best meet these requirements. We’ve done the legwork for you, examining dozens of IRA providers to find companies with the best offers. Our picks offer some of the most attractive fees and unrivaled security features.

crypto ira

Bitcoin IRA – Best for Trading Assistance

Key Features

  • 24/7 trading

  • A Bitcoin 401(K)

  • Support for precious metal trading

  • Cold, offline storage wallet

  • Over 60 cryptocurrencies – Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, Zcash…

  • Bitcoin IRA was the first of its kind when it was launched in 2016. It was the first to bring Bitcoin to retirement portfolios, and has since expanded its offering with a host of other cryptocurrencies.

    Designed for users across the board, it offers a seamless user experience with a newbie-friendly interface, expert trading services, and highly-secure custodian services. Plus, it’s the largest IRA today, with over $700 million in digital assets insured.

    Bitcoin IRA boasts top-grade military security, with features like 256-bits encryption for SSL trading. The offline cold wallet also has some of the highest security standards.

    You can set up your account and fund your crypto wallet within minutes on Bitcoin IRA’s mobile app or website. A $150 bonus is offered for funding your account. Within a few days, you’ll be fully equipped to begin trading crypto online.

    One drawback, however, is the relatively higher bar of entry. A minimum deposit of $3000 is required for the standard account, though there’s a Saver IRA program requiring a minimum $100 initial deposit and a minimum recurring investment of $100 monthly.

    Bitcoin IRA also charges some of the highest fees in the industry, and they’re not very keen on sharing details of their fees with the public. But they’re reported to have a long list of fees, including a custodian fee, a security fee, a one-time service fee, asset conversion fees, sell fee, and purchase fee. And the rates for the fees vary depending on the size of the investment.

iTrustCapital – Best Rates and Fees; Best Inexpensive Option

itrust

Key Features

  • Low account and trading fees
  • Best for hedging against inflation
  • 24/7 trading
  • Instant order settling process
  • Support for IRS and tax report
  • Over $370 million in insured assets and a $50 million insurance policy

  • Crypto IRA providers need to charge some fees at least to cover the running expenses, but iTrustCapital is determined not to leave a dent in your wallet. They charge a mere 1% flat fee on all crypto transactions, regardless the volume – by far the lowest in the industry. Most companies are easily charging 15% or more.

    And no, they’re not giving with one hand and taking with another through other extra charges. iTrustCapital takes nothing beside the 1% transaction fee – no monthly fee, purchase fees, broker fee, or anything of that kind.

    You can trade tons of cryptocurrencies round the clock - Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Polkadot, Chainlink, Cardano, Uniswap, Sushi, Polygon, and more. iTrustCapital lets you start with just a $1000 initial deposit, with trading positions as low as $30. Plus, you’ll get a $100 Bitcoin reward when you fund your account as a new user.

    iTrustCapital also supports precious metal trading, making it easy to integrate it into your traditional IRS.

    The only major drawback, however, is the lack of in-house financial experts. Although the platform is designed for users across the spectrum, newbies are mostly left on their own.

Coin IRA - Best Customer Experience

Coin-IRA

Key Features

  • Multiple online and offline storage options
  • Onboard cryptocurrency experts
  • Low fees
  • Training resources
  • Integration with multiple crypto exchanges

  • Coin IRA was established in 2017 as a subsidiary of the precious metals conglomerate Goldco. The IRA provider offers a hands-on approach to crypto asset management, with a multidisciplinary support team on hand to help you navigate the world of crypto.

    Their swift account opening process takes just minutes, and their in-house crypto experts can help you hit the ground running by placing trade orders on your behalf. You’ll also have tons of tutorials and learning materials to build your trading skills and manage your IRS.

    Coin IRA works with several crypto exchanges to give you secure access to the wider crypto market. You can trade dozens of cryptocurrencies, including Bitcoin, Ethereum, Ethereum classic, Litecoin, Dash, Chainlink, and Zcash. Plus, there are multiple wallet options, including cold storage and hard wallet, with state-of-the-art security features and support from renowned custodian services.

    However, the platform’s $20,000 minimum initial deposit is a sticky point for low-budget investors. There’s an option of $3,500 deposit, though, but it must be transferred from a non-IRA account.

    Details about Coin IRA’s fees are not readily available, but reports have it that there’s a $50 set up fee, a $195 annual maintenance fee, and .05% monthly storage fee.

Equity Trust – Best for Self-Directed Investments

equity trust

Key Features

  • Support for both traditional and alternative investment
  • In-house SDIRA specialists
  • 45 years’ experience in self-directed IRAs
  • Zero transaction fees

  • For nearly half a century, Equity Trust has maintained pole position in the self-directed IRAs niche, offering cost-effective access to state-of-the-art IRA features and trading expertise. They’re now pouring their decades of alternative investment experience into the crypto space, providing investors with the tools and knowledge to run successful crypto IRA portfolios.

    They give users options to either trade themselves or leave it to an SDIRA expert. What’s more, Equity Trust is also joining forces with many other crypto IRAs like BitIRA to offer users an unrivaled self-directed investment experience.

    They have a multi-layered approach to security, with several high-level security features like multifactor authentication, multi-encryption, and cold storage.

    To set up an account with Equity Trust, you must pass through a representative. If there’s a good match, your account will be set up for you. You can deposit funds and begin trading in a matter of days. Transaction settlement is carried out at the end of every day, and you can trade as much as you want without any transaction fees.

    Not much is known about their fees, though. A $50 flat fee is charged to set up an account. The annual administration fees can be anywhere from $75 up to $2,640, depending on factors like the size of the account. There’s also a 0.007% monthly fee for the cold storage. However, there are reports of other hidden fees.

    Another drawback is the relatively limited support for cryptocurrencies. You can only trade about 8 cryptocurrencies (Bitcoin, Ethereum, and other major currencies included) in total, whereas other platforms give you access to dozens or even hundreds of currencies.

Broad Financial – Best for Advanced Investors and Self-Employed

broad financial

Key Features

  • IRAs and Solo 401 (k)s for the self-employed
  • No minimum deposit requirement
  • Support for both traditional and alternative investments
  • Access to a team of SDIRA experts
  • Checkbook control for unlimited access to cryptocurrencies
  • Best for diversified portfolio

  • Broad Financial gives experienced crypto investors greater control over their crypto with features like an IRA LLC and checkbook control. New users are given a new IRA LLC with a custom checkbook, which they can use to conveniently transact crypto anytime, anywhere.

    Since you can transact anywhere, you have unlimited access to crypto trading options and cryptocurrencies. Unlike most other providers, you’re not limited to the exchange platforms or cryptocurrencies supported by the provider. And since you’re completely in charge of your crypto trade, the platform requires no minimum deposit requirements.

    Also, Broad Financial’s support for traditional investments like real estate, private stocks, and precious metal means your crypto IRA can be seamlessly integrated with your traditional IRA.

    When it comes to fees, Broad Financial is fairly transparent. Broad Financial charges a flat admin fee regardless of the size of the account or transaction volume. But that means you’ll have to pay a relatively higher amount on your account if you’re running a smaller account. The cost of setting up the business entity and checkbook control might be prohibitive for budget investors. You’ll need to fork out about $1295 upfront, plus a $80 quarterly maintenance fee and $300 annual fee down the line.

    On another sad note, the platform’s support for autonomous trading also implies lower levels of security for investors. You’ll enjoy the freedom to explore your trading options, but it’s riskier out there with no vetted list of pre-qualified exchanges and cryptocurrencies. You’re also responsible for securing your crypto assets – you need to find your own hot or cold wallet. 

BlockMint – Best for Newbies

BlockMint

Key Features

  • Support for IRA or 401(k) rollovers
  • Cold storage
  • Vast access to cryptocurrencies
  • Professional guidance for investors
  • A+ BBB rating

  • While Broad Financial is built for the pros, BlockMint is designed to give crypto newbies a chance to easily trade like a pro. Their in-house professionals will guide you by the hand through your first crypto trade and subsequent ones. They’ll provide in-depth professional insights to help you make the right trading calls and manage your IRA.

    You’ll find it hassle-free to integrate your crypto IRA with your existing IRA – there’s support for nearly every type of retirement account out there. You can easily roll over funds from your traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s, 403(b)s, 457(b)s, thrift savings plans, or TIAA CREF plans.

    One important drawback to note is that crypto trading is only allowed during business hours. Unlike the other providers, BlockMint doesn’t offer 24/7 trading.

    Another potential turn off is the relatively higher minimum amount requirement. Many low-budget traders may balk at the $10,000 minimum deposit requirement.

    BlockMint’s charges are also on the high end, with a flat 15% transaction fee on every trade, a 2.5% purchase fee, and a $195 annual maintenance fee, among other charges.

BitIRA – Best for Security

BitIRA

Key Features

  • An airtight cold wallet
  • Fully-insured digital assets
  • Multi-encryption protection for transactions
  • $1 million consumer insurance policy
  • $1 million cybersecurity policy
  • Multifactor authentication
  • Custodial services from Equity Trust Company and Preferred Trust Company

  • BitIRA has all the top-notch IRA security features that you could think of. They use multi-encryption and military-grade cold wallet storage with private keys. All transactions are automatically transferred offline to a cold wallet with physical keys buried deep underground in a grade-5 nuclear bunker, secured round-the-clock by armed guard and cybersecurity experts.

    On top of that, they have a dollar-for-dollar insurance policy covering all their digital assets, plus a $1 million insurance policy for theft and cyber threats.

    The service is for everyone, designed to give both newbies and experienced traders total peace of mind over their crypto assets. Newbies can get easy access to professional trading guidance and a huge collection of learning resources.

    To set up an account, you first need to talk to one of the company’s digital currency experts. A minimum deposit of $5,000 is required – quite on the high side for budget investors. Plus, you might meet some hidden expenses down the line, including a $29.99 monthly storage fees.

    Another potential downside is the support for relatively fewer cryptocurrencies – just nine in total, including Bitcoin, Ethereum, Ripple, and Litecoin.

Final Verdict

With the right crypto IRA platform, you can shore up your retirement plan with an asset class that has consistently outperformed the markets. Despite the short-term volatility, Bitcoin and other cryptos have maintained consistent year-on-year growth, making them safer long-term investment vehicles.

Our recommended crypto IRA providers are out to help you trade confidently and conveniently. They offer some of the most advanced security features, expert trading guides, and user-friendly IRA management tools, all at very decent fees.

iTrustCapital is our pick of the bunch. The relatively lower fees and minimum deposit requirements lowers the bar of entry for investors, young and mature. Their hands-on professional guidance and excellent customer service is a huge plus given the platform’s fees.

Now, over to you! Pick the option that best suits your needs and join the crypto bandwagon today.

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