Bitcoin IRA is an industry-leading crypto IRA platform trusted by over 170,000 users. Bitcoin IRA lets you buy and sell over 60 cryptocurrencies while offering you tax advantages. In addition, the IRA platform provides up to $700 million in custody insurance to protect your holdings. (2)
What is Bitcoin IRA?
Cryptocurrencies have been booming, but traditional banks and retirement account providers haven’t kept up. Bitcoin IRA addresses gaps in the conventional financial system and allows clients to put crypto into their retirement accounts. Bitcoin IRA became the first crypto IRA platform in 2015.
What is a Crypto IRA Platform?
A crypto IRA platform lets you accumulate crypto positions and helps you protect against capital gains taxes. Investors can save considerable money with the tax-deferred structure crypto IRA platforms provide. Crypto IRA platforms don’t begin and end with Bitcoin. You can invest in various altcoins and cash out when you reach retirement age.
How Does Bitcoin IRA Work?
Bitcoin IRA lets you open up IRAs with crypto. You can trade on their platform 24/7 without worrying about capital gains taxes. Bitcoin IRA lets you contribute fiat currency and use it to invest in crypto. You can also roll over a retirement account from another custodian into an account with Bitcoin IRA. Investors would have to sell their crypto, move the cash to Bitcoin IRA, and then repurchase crypto. You will need another retirement account with a different provider if you want to invest in stocks, bonds, and mutual funds, as Bitcoin IRA does not have compatibility with those assets.
What Makes Bitcoin IRA Unique from Other Crypto IRA Platforms?
Bitcoin IRA is the oldest crypto IRA platform, giving its professionals the most experience in the industry. Their offline asset storage solution and high insurance policy give clients more protection than what most crypto IRAs provide. Bitcoin IRA also has the most variety. While many crypto IRA providers limit your digital asset choices, Bitcoin IRA lets you diversify into over 60 cryptocurrencies if you prefer to stretch beyond Bitcoin. Also, unlike many other platforms, Bitcoin IRA offers live phone support with IRA Specialists to help clients navigate their tools.
What Types of IRAs Does Bitcoin IRA Offer?
Bitcoin IRA offers several different retirement account types. Investors can select from the following options:
Traditional IRAs
Traditional IRAs let you make pre-tax contributions that may lower your current tax bill. You will have to pay taxes on the funds when they are withdrawn from the account. Most retirees pay less in taxes since their tax payment depends on their income bracket. Retirees may have less earned income, putting their IRA withdrawals in a lower tax bracket.
Roth IRAs
Investors contribute post-tax dollars into a Roth IRA. You don’t get any current-year tax benefits. However, your withdrawals are tax-free if the account is five years old and you wait until retirement age to take the money.
SEP IRAs
Bitcoin IRA supports retirement plans previously established by small businesses and self-employed individuals. SEP IRAs have fewer operating costs and higher contribution limits than traditional IRAs. These retirement accounts utilize the same tax deferral strategy as traditional IRAs.
401(k)s
Many employers offer 401(k) retirement plans for their workers. Under this arrangement, workers automatically allocate a percentage of every paycheck to the retirement account. You can move your 401(k) to Bitcoin IRA and use those proceeds to trade crypto. You can use a traditional 401(k) or a Roth 401(k).
Rollover IRAs
Some consumers roll over their retirement accounts when they switch employers. Bitcoin IRA has compatibility for people who want to convert their current retirement plan and use their available funds to acquire Bitcoin and other crypto assets.
How Much Does Bitcoin IRA Cost?
You can reach out to a representative to get updates on the current costs for Bitcoin IRA.
Bitcoin IRA Customer Reviews Highlights
- “As a senior investment professional at numerous Wall Street firms over a 25-year period, I recognize the paramount importance of fiduciary duty and the safe keeping of client assets. I’ve had an account at Bitcoin IRA since 2016 and have been impressed with their commitment to both crypto asset security and to responsive customer service. Keeping my retirement assets protected is critical to my investment in digital assets and to my peace of mind. Keep up the great work, team! 5+ STARS.” — Google review
- “I was very pleased with the way Bitcoin IRA handled the crypto crash in June 2022 when, in an abundance of caution, they proactively pulled all crypto assets out of the third-party interest-earning program. Chris Kline, the co-founder and CRO, reached out to me personally to thank me for my business and to explain the decision. I highly recommend Bitcoin IRA.” — Google review
How to Open an Account with Bitcoin IRA
Bitcoin IRA has an easy account registration process that only takes three minutes. You will first visit their website and fill in your basic information, such as your name and email address. You can start trading once your account has available proceeds. Bitcoin IRA also guides clients who want to transfer funds from another retirement account. You will have to inform Bitcoin IRA about how much you want to invest, your account funding method, and information about your profile. You can start trading on your Bitcoin IRA account in as little as 3-5 business days.
