Best Rated Cryptocurrency IRA Review 2022

crypto IRA 101

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Crypto Roth IRA and Crypto IRA: The Best Retirement Investment

2021 was an excellent year for crypto investors; a happy medium would be that BTC can still reach $100,000 in 2022, as many experts anticipated late last year, but on a more gradual timeframe. However, there's no disputing that the digital asset is subject to extreme price fluctuations and volatility. Because of this very factor, many investors are unsure whether they should include it in their individual retirement account (IRA), and Roth IRA or if it's better off leaving it out altogether.

Despite all the negatives, investing in cryptocurrency for retirement might indeed provide much better profits while also increasing the diversification of the retirement portfolio. 

Traditional investing alternatives such as mutual funds, equities, and bonds are riskier than crypto and Bitcoin IRAs; nevertheless, the potential for more significant returns outweighs the danger of losing money. They are subject to the same restrictions as a traditional IRA, which means that if you choose to cash out before the age of 59 1/2, you will be subject to early withdrawal penalties.

How It All Started… A Brief History of Crypto IRA

A few years ago, Chris Kline, co-founder and chief operating officer of Bitcoin IRA™, announced the service's debut, which seemed like a completely insane idea: keeping bitcoin and other cryptocurrencies in a retirement investing account. Now you may wonder, how on earth can you make a long-term investment in a financial asset infamous for considerable fluctuations in value, substantial volatility, and intense regulatory oversight?

Chris and his team acknowledge that they had little knowledge of cryptocurrency when they first began working on it. "It was something we looked at," Kline told Protocol. Its components and what it would take for this to exist took us approximately a year to define. 

The early customers of Bitcoin IRA™, who saw the potential of bitcoin and other cryptocurrencies and had a thorough grasp of the financial world, were important in the company's growth. Edmund Moy, the previous director of the United States Mint, was the company's very first customer, according to Kline. "These were rocket scientists who had retired from NASA, IBM engineers, members of the FAANG, and all of the players," Kline added. 

"They each had a distinct vision of the future of the financial services industry, and most of them were strategic thinkers who planned for the long term."

Finally, Bitcoin IRA™, located in Sherman Oaks, California, was founded in 2016. The company currently has 100,000 customers but, to date, has handled over $2 billion in transactions with around $2 billion in assets under management. It accepts Bitcoin (BTC), Ethereum (ETC), Cardano (ADA), Avalanche (AVAX), and Litecoin (LTC) as retirement assets, as well as the majority of other significant cryptocurrencies.

Everything You Need to Know About Crypto IRA

The majority of the time, saving for retirement entails setting up some form of the retirement account and devising a retirement planning strategy, sometimes with the assistance of a financial planner. 

Historically, this meant that you had to rely upon specified institutions to meet your requirements. However, many believe that cryptocurrency is the future money, so why shouldn't it play a role in financial planning? One product bridging the gap between the new and conventional worlds of finance is the crypto IRA, a digital twist on traditional IRAs. 

In the realm of cryptocurrency, a standard financial instrument such as an IRA may seem entirely strange. However, if you are willing to accept some risk in exchange for possibly higher gains later on and some significant tax benefits along the road, opening a crypto IRA should be your best bet.

Best Crypto Roth IRA and Traditional IRA Companies in 2022

IRAs are a terrific method to invest for the future and ensure financial stability. Although the volatility of global markets has increased due to recent events, some investors are trying to diversify their IRAs with other assets, such as Bitcoin and other cryptocurrencies. Bitcoin is a digital rather than a real asset, which means that cryptocurrency retirement accounts need enhanced data security, proper administration, and extensive experience in cryptocurrency trading. 

We looked at almost a dozen crypto IRAs, evaluating them on competence, safety, experience, costs, etc. Here are some of our favorites.

 

Crypto Ira companies

Regal Assets (Best Overall)

Regal assets crypto IRA

Customers may invest in physical and digital assets, including all prominent cryptocurrencies, via Regal Assets' Individual Retirement Accounts (IRAs). This puts it in the top rank for the most diverse selection of cryptocurrencies offered. Regency Assets, established in 2009 as an alternative assets investment organization, added cryptocurrencies to its portfolio in 2017. 

However, even though the company's initial concentration was on precious metals, it now permits significant cryptocurrency investments. Regal Assets makes it simple to open an IRA account, either with a one-time investment or by transferring cash from a conventional IRA to a new account. Once a customer has completed an online application, a member of our staff will contact them to assist them in setting up their account.

Known as a top-rated crypto IRA firm in the United States, Regal Assets was the first company in the sector to be granted a crypto trading license. However, even though the company's website only lists 22 supported cryptocurrencies, including Bitcoin, Ripple, Ethereum, and Litecoin, it enables its customers to invest in almost any cryptocurrency they like.

Additionally, Regal Assets offers flat costs, including a $100 annual administrative charge and $150 per year of storage, which is waived during the first year of membership. Several offshore storage solutions for precious metals are included in the storage prices, far lower than those charged by competing organizations.

ITrustCapital (Best Fee Structure)

As a result of its skilled advisers and straightforward pricing, iTrustCapital makes it simple for both rookie and experienced investors to open a Bitcoin IRA. Individuals may purchase and sell cryptocurrencies and actual gold in real-time via their retirement accounts. This one had the lowest service and trade costs among the companies we researched, ranking it at the top for the most competitive rates and fees.

iTrustCapital has some of the industry's most competitive trading and investment fees. In contrast to other cryptocurrency exchanges, which charge up to 15 percent of the transaction value for each transaction, iTrustCapital charges just one percent of the transaction value. 

In addition to paying no monthly cost, customers are not charged any initial purchase fees, broker fees, or scaling fees depending on the number of their own assets. Aside from that, when new users finance their accounts with Bitcoin, they will get a $100 Bitcoin prize.

Clients may trade in more than 28 cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, and EOS, at any time of day or night, utilizing iTrustCapital's 24-hour transaction service, available around the clock. On top of that, the company also offers its customers the option of diversifying their IRA investments with gold while still paying the same low fees.

To protect its digital assets worth up to $370 million, iTrust announced in June 2021 that it would begin utilizing Coinbase Custody. In addition to its standard coverage, which starts at $50 million and is supplied by Munich Re, a major supplier of insurance-related risk solutions formed in 1880, the company has also purchased additional coverage.

To get more information about Crypto IRA's and getting an account. Click here for more details.

Equity Trust (Best Self-Directed Plans)

equity trust crypto ira

Equity Trust has been managing self-directed IRAs for over a decade, offering conventional and alternative investments and no transaction costs, earning it our top ranking as the best for self-directed investing in the industry. The company began as a financial services firm in 1974 and expanded into self-directed individual retirement accounts (SDIRAs) in 1983. 

The organization's vast knowledge of conventional and alternative investments, the absence of transaction costs, and the availability of personal counseling make it our top pick for the finest self-directed investing company. To establish an Equity Trust SDIRA, clients must interact with a representative personally. Consumers may trade in up to eight cryptocurrencies following creating an account, including ETC, BTC, and LTC, without any additional fees and a one-day settlement time for all transactions.

As for security, Equity Trust takes it very seriously, implementing over six different security mechanisms, such as multiple methods of identification, several levels of encryption, and safe cold storage. In addition, the company provides end-to-end insurance coverage for its digital assets.

Moreover, Equity Trust also provides its customers with access to SDIRA professionals who can assist them with the management of their accounts, as well as educational materials to help them better understand their investment choices. According to the account size, the firm charges yearly administration costs ranging from $75 to $2,640, a $50 startup fee, and a 0.07 percent monthly cold storage fee depending on the amount of money in the account.

Give Equity Trust a look on their website.

Bitcoin IRA

Bitcoin IRA is a full-service IRA provider that offers 24/7 trading, safe cold storage for digital assets, and $700 million in insurance coverage. Founded in 2016, it is the world's first and biggest bitcoin IRA firm, allowing people to invest in cryptocurrencies via their retirement savings. The platform's simplicity, its availability for real-time trading around the clock, and military-grade security measures were the primary reasons we selected it as the best alternative.

The brokerage house makes it simple to set up an IRA account and a digital wallet in minutes by using its mobile app or online dashboard. Users may begin trading within three to five days after receiving their cash into their account, and they can buy, sell, and trade online at any time.

Bitcoin IRA allows trading of more than 60 different cryptocurrencies, including Ethereum, Bitcoin, Cardano, and Litecoin. However, although the business's minimum to start a standard account is $3,000, the company also provides a Saver Individual Retirement Account (IRA) that needs a one-time payment of $100, followed by a monthly investment of $100 via a linked bank account.

Bitcoin IRA takes the issue of security very seriously as well. 256-bit secure SSL trading is available on the site, and digital assets are stored offline in separate cold storage accounts. The company guarantees its digital assets up to $700 million in value. There are fees associated with Bitcoin IRA, including a custodian fee, security cost, and a one-time service fee; however, prospective investors must speak with a customer service person to get detailed statistics.

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BitIRA

bitira crypto ira

When it comes to Bitcoin retirement accounts, BitIRA offers dollar-for-dollar insurance coverage for digital assets and physical offline cold storage of private keys, placing it among the most secure IRAs currently available on the market. While just created in 2017, BitIRA has already made a name for itself by offering the most extraordinary levels of security for cryptocurrency transactions and storage—all guaranteed by limitless insurance coverage—and therefore earning customers' trust.

For transactions, the BitIRA cryptocurrency employs multi-encryption encoding, which helps to keep them secure when they are most vulnerable on the internet. In addition, the company offers $1 million in consumer protection insurance coverage to guard against internal instances of fraud or theft. Customers who want to open an IRA account with BitIRA must first consult with a digital currency specialist and make a $5,000 minimum deposit. 

Following the website, users may invest in and trade in nine various types of cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), and Litecoin (LTC).

Learn more of what BitIRA has to offer in crypto IRA's.

Cryptocurrency IRA Solution - Final Verdict

As more financial institutions enable their customers to include alternative assets like Bitcoin in their IRAs, it may be challenging to determine which ones provide the most significant knowledge, security, and support. We selected Regal Assets as the provider with the most range of cryptocurrency support since it lets its customers invest in every popular cryptocurrency they wish and precious metals, allowing them to build varied and safe portfolios.

Due to its extensive expertise with SDIRAs, which includes smoothly integrating conventional and digital assets with no transaction costs, Equity Trust is our top recommendation for self-directed investing. Finally, iTrustCapital gets the best rates and fees with an easy 1 percent transaction charge. At the same time, BitIRA wins the best security category with multi-encryption encoding for transactions and offsite storage in nuclear bunkers surrounded by armed guards.

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Crypto Multicurrency

    • bitcoin
      Bitcoin(BTC)
      $17,168.04
    • ethereum
      Ethereum(ETH)
      $1,275.31
    • tether
      Tether(USDT)
      $1.00
    • binancecoin
      BNB(BNB)
      $289.06
    • usd-coin
      USD Coin(USDC)
      $1.00
    • binance-usd
      Binance USD(BUSD)
      $1.00
    • ripple
      XRP(XRP)
      $0.390
    • dogecoin
      Dogecoin(DOGE)
      $0.097
    • cardano
      Cardano(ADA)
      $0.314
    • matic-network
      Polygon(MATIC)
      $0.923