In a hurry?
The best Crypto IRA in 2024, as found in our independent testing, is BitIRA!
Back not that long ago, the individual retirement account, otherwise known as IRA, belonged to precious metals and gold. These are markets in which people could invest their retirement savings.
However, there are a lot of people out there these days that are rolling their investments over into other IRAs, based on the increasing popularity of cryptocurrency over the last few years.
People are now looking at the combined market that is known as crypto IRA.
We have a good feeling about this market and believe that it is set to keep growing, which is why you might want to consider getting in on this investment.
In this post, we’re going to be reviewing the top crypto IRA companies in 2024 so that you can determine which one is going to suit your needs the best. Let’s do it.
Best Crypto IRAs in 2024
Here’s a quick look at the best Crypto IRA Companies:
- BitIRA – 🏆 Winner!
- Regal Assets
- Bitcoin IRA
- Equity Trust
- Broad Financial
BitIRA is definitely one of the best when it comes to being a cryptocurrency IRA, and it is good if you want to maintain complete control over your crypto assets, when you are trying to invest in your retirement account.
Legally, a custodian needs to strictly control your assets, and your cryptocurrency is definitely going to be secured with these guys.
When you’ve got the security of blockchain technology underneath you, all your digital assets can be securely stored, so that you can feel confident that they are kept safe at all times.
You can also take advantage of the relationships that this platform has with some of the world’s biggest exchanges, which makes your purchase as simple and effective as it gets.
They also have multifactor authentication, which is the only way that you can access your digital assets, making sure that you can be the only one to access your transactions.
They also enhance your security by using cold storage, meaning that there is no risk to your crypto IRA being taken by somebody.
Security experts and armed guards are available 24/7 to offer a high level of security for your assets at the storage vaults of the company.
Because these guys offer multi encryption, this means that all of your information is easily protected, with the highest level of security.
With no devices or keys to track, all of your information can be kept safe from prying eyes.
End-to-end insurance also ensures that your cryptocurrency can be safely stored, which means that even if something bad were to occur, you are always going to be covered.
2. Regal Assets
The next crypto IRA on our list is really good if you want total protection of your cryptocurrency IRA.
They are considered one of the best companies when it comes to crypto IRA, because they offer some of the most convenient services in the industry.
They are one of the first companies in America that has a crypto trading license when it comes to IRA, which means that you are definitely going to be able to invest your retirement funds with cryptocurrency and do so safely.
Because they don’t just deal with Bitcoin, you will have a broad range of cryptocurrencies to choose from, and you can also get in touch with them directly if you want to make the most of additional cryptocurrencies that they haven’t got listed on their website.
With all of their cryptocurrencies on offer, you are going to be able to get your hands on a wide range of investments.
3. Bitcoin IRA
Bitcoin IRA is a really good option as a cryptocurrency IRA for helping you get all of your transactions done in one interface.
These guys can help you invest in Bitcoin, at any time, as long as you have a brokerage account.
They have more than 100,000 clients on their platform, making them one of the most extensive options on the market.
They are an ideal tool for people who want to be able to exchange their currency anywhere, at any time.
You can implement your cryptocurrency trades as soon as the market changes, and thanks to advanced technology, you can make fast trades at your convenience.
You can also complete all of your transactions on the platform in real time, so that you don’t have to transfer your assets to a cryptocurrency exchange platform.
They also have live price tracking so that you can track all of your investments on the go. They can help you store your assets using top class security, so that you can feel confident that your assets going to be safe.
They offer more than 60 cryptocurrencies on the platform, and they have access to portfolio performance tools, so that you can easily manage your investments, and always source the best information around your assets.
This continued education makes it really easy for you to keep learning about your investment, and how to make it work for you.
The next crypto IRA on our list is the best one for having the most competitive transaction fees around.
They offer institutional-grade cryptocurrency custody, that makes sure that you can have complete peace of mind when it comes to your digital assets.
They have over 25 cryptocurrencies for you to choose from, and you’re also going to have a broad range of investment options as far as your retirement goes as well.
The fact that you can invest 24/7 makes it easier for you to make those quick investment decisions whenever you need.
If you want to use your time and money to invest in cryptocurrency, then these guys are a good choice.
Because they have a broad range of cryptocurrency that is available, you are going to be able to make the most of being able to choose which cryptocurrency you want to invest in.
Plus, all of their transactions are tax free, so you don’t have to worry about paying taxes when it comes to your investment.
With no monthly storage fee or setup fees, you know that you are going to be getting the best value possible when it comes to your investment.
They also have low transaction fees, at just 1%.
5. Equity Trust
Equity Trust is one of the best cryptocurrency IRA options if you’re looking for a state-of-the-art crypto IRA platform, and you want to make sure that they are really going to work for you.
They say that their assets and features are backed by a specialized service, as well as a technology platform that is up to date.
They offer security that is some of the best, so that you can always feel like your digital assets are safe in their custody.
Their customer support team is available whenever you need them, so that you can capitalize on all the support you need when it comes to your investment.
They also have a team of highly experienced professionals, and they have no trouble exceeding high expectations when it comes to their clients.
They offer a number of different popular cryptocurrencies, so that you can make the most of your retirement account.
With just a few clicks, you can easily invest in just a matter of minutes and continue to make the most of your investment.
Your trades are going to close on the next business day, which makes the speed of your transactions a real advantage in the market.
Broad Financial is another really good cryptocurrency IRA option if you don’t want to have to deal with a minimum requirement when you are investing.
They let you get started without a minimum investment, which is both cost effective, and straightforward. This means that you don’t have to save up a huge amount of money if you want to invest in your retirement account.
They have a broad range of cryptocurrency choices available, so that you can feel that your investment portfolio has the right foundation to get started.
A lot of conventional options are going to be costly and require a huge amount of money for you to even get started but these guys help you take advantage of the market without having to invest and spend more than you’re wanting to.
Their diversification also makes your investment portfolio ready for the market, regardless of what is going to happen in the future.
They have excellent customer support that is available when you need it, so that you never have to feel like you are investing on your own.
One of the biggest advantages to these guys is that they don’t have any hidden account fees, so that you don’t have to worry about getting sucked dry.
You can get going with your investment strategy in just a few minutes, and when it comes to accessing your account, you can do this through a digital wallet or security key, so that you have complete control of your portfolio.
Additionally, there aren’t any penalties when it comes to rolling over your retirement funds.
CoinIRA is a really good choice as a cryptocurrency IRA if you want further education in the industry.
If you want to know more about cryptocurrency investments in general, then you might want to try these guys. They have expert financial advisors available whenever you need them.
This way, you can understand the rewards and risks that are associated with investing in cryptocurrency, to make sure that you always have the right information to make a financial decision that is going to benefit you in the future.
They also offer exceptional security, so that you can feel confident that your assets are secured at all times, and because they hold your retirement assets in cold storage facilities, that are covered by a multi layered process, you can feel confident that your information is safe.
They even provide their clients with insurance that covers things like fraud, loss, theft, and more.
Because they offer their clients trader-assisted transactions, this means that you can always stay ahead of your competition in the market, and they offer a broad range of cryptocurrency features to choose from, all of which are being vetted based on viability and authenticity.
They even offer a free cryptocurrency guide, that lets you understand the market better, before you make any final decisions.
What is a Crypto IRA?
A crypto IRA is an IRA that uses the same platform as a conventional IRA, but you are investing in something that is quite different.
With a crypto IRA, you’ve got a lot of different investment choices, including Bitcoin, and other cryptocurrencies.
There are significant benefits to crypto IRAs, and one of them being that your money can exponentially grow over time, compared to conventional investments.
But this means that your investment can also decrease if the value of the cryptocurrency that you have invested in does the same.
With this in mind, it’s really important that you speak to an expert when you sign up for a crypto IRA, because it isn’t for everybody.
The person that you speak to should be able to talk to you about your investment goals, and offer you sound advice so that you can decide whether this kind of investment is the right choice for you.
What are the Advantages?
Not only can cryptocurrency investments become incredibly profitable, but there are a number of other reasons why now could potentially be the best time to invest in assets like these.
Crypto IRAs offer diversification that conventional IRAs can’t provide you.
This means that you are going to have access to a wider range of assets that have been vetted thoroughly by experts, who are going to be able to tell you if they are worth your time and money or not.
With a lot of experts predicting that the cryptocurrency industry has a lot of room for future growth, this could be a good time to get started with an IRA that invests in digital assets.
It is also important to remember that there are a lot of risks involved when you invest in cryptocurrency, but if your ultimate goal is long-term growth, you could end up being rewarded for taking this risk.
What are the Downsides?
There are some big downsides that are associated with investing in IRA crypto currencies, and one of the most obvious is the fact that the industry is extremely volatile.
Bitcoin IRA companies have a lot of products that are coin based, which means that you will need to worry about significant levels of volatility.
Another thing to think about is that not all companies that offer cryptocurrency-based IRAs are actually legit.
This is why it’s really important that you do your research, before you choose where to invest your money.
There have been a lot of examples out there of people being shocked to find out how much money they have lost through IRA investing, when they have done so in cryptocurrency.
This is why it is important to choose a solid team, as well as doing the proper research behind your decisions, so that you can make sure that any losses you experience are kept to a minimum.
What Cryptocurrencies are Supported?
Typically speaking, cryptocurrencies like Bitcoin and other cryptocurrency investing tokens are allowed.
The best IRA companies are going to have a number of different coins that you can take advantage of, and also offer you alternative options as well, like Ethereum.
However, not all crypto IRA platforms are going to allow for a diverse investment strategy like this.
This is why it’s really important that you research the company before you sign up.
What to Think About Before Opening a Crypto IRA
There are a number of things to think about before you dive in and open up a crypto IRA.
Let’s take a look at what these are.
Understand Your Goals
One of the most important things to think about before you start a crypto IRA is what your goals are.
Whether you are trying to get a quick return on your investment, or you are looking at longer term goals that can pay off significantly further down the line, these are the kinds of things that you need to think about before you invest in a crypto IRA.
Your goals are going to dictate what kind of IRA you set up, whether it is a traditional IRA, or cryptocurrency IRA.
Your goals are also going to help you decide which providers are best based on your needs.
Choosing an IRA Provider
Once you know what kind of IRA is going to work best for your needs, then it’s going to be easy to find a provider.
When talking about Roth IRAs, they tend to have more flexibility when it comes to the crypto currencies that they allow you to invest in, so this could be a good choice, depending on how much risk you are willing to take.
Traditional IRAs also have their upsides and downsides, again depending on your goals. The same can be applied to crypto IRAs.
When choosing the right company to work with, you need to look at how long they have been in business for, and what type of feedback they have received from clients that they’ve worked with.
Don’t hold back, and don’t be afraid to ask for contacts of former customers, and testimonials as well, so that you can get a really good idea of the quality of the service that you are signing up for.
Look at Their Terms and Conditions – and Their Fees
It is almost a cliche at this point to recommend that you read the fine print, but when thinking about investing in a crypto IRA, you really do need to put a bit of time and effort into this.
This is because some companies are going to charge you more than others.
When reading the terms and conditions, you need to compare fees between providers, because many are going to charge more or less depending on what kind of cryptocurrencies you’re investing in.
You need to find out what type of investment strategies are allowed with each type of IRA, so that you can give yourself plenty of room for diversification with each one.
This is going to help protect your investment, in case the market unexpectedly crashes.
You also need to make sure that you are clear on how much money the company is going to need from you at the beginning of your investment.
Not all companies are going to ask you for a huge amount of money, but some do have higher fees, especially if you choose an option that requires less money in the beginning.
Other kinds of fees that you will want to think about are trading fees, maintenance fees, and even monthly fees.
Invest as Soon as Possible
One of the biggest rules that we think is important when you’re starting a cryptocurrency IRA is that the sooner you start investing, the more money you are ultimately going to make.
Investing your retirement funds into cryptocurrencies could be one of the best investments that you make, but it is important to remember that time is not necessarily on your side.
Investing as soon as you can once you have set yourself up on the platform is really important.
What is a Self-Directed IRA?
A self-directed IRA is a retirement plan that lets you invest in a way that isn’t allowed through conventional IRAs. This also includes using crypto currencies.
Generally speaking, contributions to a self-directed IRA account is not tax deductible, which means that you can’t use this to invest your money in a broader range of assets, like precious metals or business property.
This is because the IRS typically is not going to approve any investments made from an account like this.
However, they are going to allow your IRA custodian, which is going to be the company that you choose to manage your account, a little bit of flexibility when it comes to what types of assets you can purchase for your investment portfolio.
Some providers are also going to offer cryptocurrency IRAs, which are going to be self-directed combinations between cryptocurrency investment, and self-directed IRAs.
The advantage of this kind of IRA is that you can make the most of both worlds when you are investing in cryptocurrency.
You can keep your portfolio diversified and increase your revenue by having a number of different investment options at your fingertips.
Things to Think About When Opening a Crypto IRA Account
Now, let’s take a look at a few things to think about when you are trying to find the ideal company to work with when it comes to opening an IRA account for cryptocurrency.
Custody of Crypto
When we say custody, we mean the service that is provided by the company in charge of your account.
Some providers are going to offer you direct access to your tokens, while others are going to require that you transfer these into a different wallet, before selling or buying through their system.
Full custody means that the IRA provider is going to secure and store your coins, and partial custody is going to allow for more flexibility when it comes time to sell and buy.
If you’re just starting with cryptocurrency, this method might be best for you, until your holdings can become bigger.
You can also use one company for all of your retirement investments, or you can choose to be a bit more diverse.
If you choose just one company, this is of course going to make accounting easier when it comes to part time to pay your tax.
Reputation and Customer Service
Customer service is an important factor to think about when choosing a self-directed IRA custodian.
If you are just starting out with cryptocurrency, then you might want to choose a company that is going to be able to directly answer questions, and do so in a lot of detail, so that you can learn more about the subject at hand.
Just ensure that the business can answer any queries that you might have about IRA cryptocurrency investing, as well as other kinds of investment that you might do through the platform.
You also need to make sure that you can’t find any complaints online about their customer service.
Costs and Fees
There is a lot of variety when it comes to costs and fees with crypto IRA companies.
There are some companies that are going to charge you an asset fee for every sale and purchase, while others are going to charge you a quarterly custody fee.
As well as this, some Bitcoin IRAs are going to charge a one-time set up fee, while others won’t.
As long as there aren’t going to be any additional fees added on for each transaction that you may come across, you should be fine.
However, before you commit to a company, you need to make sure to ask what their total costs are going to be, and you also need to ask about any ongoing costs that they are going to charge you, once you have opened your account.
Flexibility with Sell and Buy Transactions
Because Bitcoin IRAs are a bit difficult to understand, you need to make sure that your IRA provider is flexible when it comes to selling and purchasing cryptocurrency.
Different IRA providers are going to offer different options when it comes to selling and buying cryptocurrency.
Some companies only let you conduct crypto-to-crypto transactions, while others are going to allow you to conduct crypto-to-coin transactions.
Let’s say for example you want to purchase Ripple, but the company only lets you purchase Ethereum or Bitcoin.
In this case, you will need to find another IRA company.
Easy to Use
There are many things to think about when investing in a crypto IRA, but of course you will want to find one that is going to offer you a simple interface, as well as a relatively painless process when it comes to opening your account.
Investing in cryptocurrency through your IRA should be simple and straightforward, especially in those initial months.
Don’t land on a company that is going to make you jump through a lot of hoops to purchase Bitcoin, and other cryptocurrency.
If you’re just starting out with cryptocurrency investing, then a really important feature is ease of use.
Insurance and Security
Because Bitcoin IRAs are seen as retirement assets, these need to be stored as securely as possible.
The majority of IRA providers out there going to keep their customers cryptocurrency in cold wallets, which can be stored offline, and away from hackers.
Some companies are also going to use a third-party auditor, to make sure that their crypto currencies are stored safely.
You need to make sure that you ask the company about their security practices, including how they plan on storing their private keys, and how long they keep their private keys offline.
You will also need to find a company that offers you FDIC insurance.
If the worst-case scenario occurred, and your IRA cryptocurrencies were stolen, then you wouldn’t have to suffer any of the losses on your end.
What Is a Mutual Fund?
Mutual funds are professionally managed investments where individual investments pool their money together, so that they can invest as one entity.
A team of people or a person manages this pool of money and decides where they are going to invest it.
Of course, the value of the fund is going to fluctuate with the market. Mutual funds can also invest in stock markets, bonds, or other kinds of investments.
Should I Choose a Roth or A Traditional Ira?
The thing about a Traditional IRA is that it is tax deductible, which means that your annual income taxes are going to be less if you contribute to a traditional IRA.
You can also withdraw from it whenever you need to but if you are younger than 59 years old, then you will have to pay penalties if you take your money out early.
On the other hand, a Roth IRA is not tax deductible.
Before you are eligible for an IRA like this, it is going to be a good idea to contribute to one, because withdrawals are tax free.
What is a Bitcoin SEP IRA?
SEP is short for simplified employee pension, and it is a relatively cost effective and simple way to set up a qualified retirement plan.
This kind of IRA can help you save when it comes to taxes, so that you can reduce your taxable income, and allow yourself the possibility for tax deductions.
What is a Coin IRA?
This is a custodian that is going to set up a Roth IRA for virtual currencies.
Once you have created an account with them, they’re going to help you decide where and how to invest your savings, and they’re going to handle this process for you.
Once you are ready to purchase cryptocurrency, the company is going to transfer your assets into your crypto IRA account.
Then, you can keep an eye on your retirement portfolio to see how it does.
Investing in crypto IRA is a good way to secure the future of your retirement savings.
With the help of a company that can help you with crypto IRA investment, the process can be straightforward and easy.
It could turn out to be one of the best financial decisions that you’ve ever made, with your return on investment getting bigger as time goes by.
While you shouldn’t take our above information as financial advice, if you are interested in this kind of investment, then we highly recommend that you take a look at the crypto IRA companies that we’ve talked about on this list today.
Again, make sure to do a little bit of the research on your end, so that you can feel confident that the crypto IRA company that you are investing in is going to suit your needs the best, and make sure that you are putting your money in the right places.