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Bitcoin IRA Review 2024: Features, Fees, and More

By Jamie Cattanach

Updated on May 1, 2024

Learn about our Editorial Process

Key Takeaways

Bitcoin IRA allows savers to invest in cryptocurrencies for their retirement easily and securely with top marks for customer service.
Bitcoin IRA does come with high set-up and trading fees and no ability to pad your retirement account with traditional assets.

BitcoinIRA Snapshot

Best if you want

Bitcoin IRA offers a self-directed IRA with options to invest in both cryptocurrency and gold, as well as opportunities to earn interest on your assets, including cash.

Fees

Initial deposit fee: 5.99%; Transaction fees: 2% of all trades; Monthly account fee: 0.08%

What you can invest in

Cryptocurrency (like Bitcoin, Ethereum, and 60+ others); Gold (note: these are actual gold bars stored in Brink’s storage facilities on your behalf)

Limitations

Bitcoin IRA has higher fees than some other providers of crypto IRAs, though you will be able to earn some interest on your holdings.

Account minimum

Ease of Use

4.5 stars

Pros

• Access to 60+ top cryptocurrencies in your IRA, like Bitcoin and Ethereum
• Ability to invest in real, physical gold
• Opportunity to earn interest on your holdings (up to 6% depending on asset)
• Robust security and insurance for crypto and gold assets
• Responsive, 24/7 human customer support available

Cons

• Some fees are higher than other providers
• Not as many cryptocurrencies available as some others
• You need at least $10,000 to earn interest on your assets

Best If You Want

If you’ve been wanting to fund your retirement account with cryptocurrency and are unsure where to find a provider that offers Bitcoin exposure, allow us to introduce Bitcoin IRA. This unique platform helps savers invest their retirement savings into over 60 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), PAX Gold (PAXG), and many others. Bitcoin IRA uses cold-storage wallets for your cryptocurrency for maximum, military-grade security on your investment. In addition, your custodial assets are insured for up to $250 million.

In addition to crypto, Bitcoin IRA also allows you to purchase real, physical gold through the platform, which has historically shown itself to be an asset resistant to major market fluctuations at times.

The platform is user-friendly and easy to navigate, offering transaction histories, live cryptocurrency prices, and integrated customer support options. The company hosts well-rated mobile apps on both the Google Play Store and Apple App Store and enjoys 4+ star ratings on Trustpilot and the Better Business Bureau.

Bitcoin IRA Fees

Bitcoin IRA charges an initial set-up fee as well as fees for buying and selling digital currencies and a monthly account management fee. There’s no account minimum or minimum initial investment, but given the fee structure, investing with Bitcoin IRA may make more sense for those with more capital available to put into their cryptocurrency IRAs.

Set-up fee: 2.99% (of all incoming funds)

Cryptocurrency buys and sells: 2.00%

Monthly account management: 0.08%

In addition, the firm does charge some one-off service fees, like its $35 domestic outgoing wire fee, $35 check fee, and $100 fee for the conversion or recharacterization of Roth IRAs.

What You Can Invest In

Bitcoin IRA’s main draw is its 60+ cryptocurrency options, ranging from the uber-popular, like Bitcoin itself, to the lesser known. Bitcoin IRA’s platform offers real-time cost lists and historical performance so you can determine which investments are most aligned with your goals and values.

In addition to crypto, Bitcoin IRA also allows you to purchase real, physical gold. When you purchase gold through Bitcoin IRA, you receive ownership rights to investment-grade, US-certified gold bars, where 1 Gold represents one fine troy ounce of a London Good Delivery gold bar. Your Gold is stored in professional vault facilities (Brink’s bullion vaults) and its value ties directly to the real-time market value of physical gold.

One of the features of Bitcoin IRA is the ability to earn interest on your assets. With the Earn program, you can earn up to 6% interest on cash and crypto. This interest accrues daily and pays out monthly. This is a great option for those who want additional ways of earning within their IRA.

Limitations

Obviously, for those who are interested in funding their IRA accounts primarily with crypto, Bitcoin IRA is a standout. But for those who are interested in padding out their crypto IRAs with other types of assets, like stocks, bonds, or mutual funds, Bitcoin IRA may not be the first choice. Additionally, Bitcoin IRA doesn’t offer access to other types of alternative assets like venture capital or real estate. The company is focused specifically on the crypto IRA, so those looking for conventional IRAs will need to look elsewhere.

Additionally, cryptocurrency is well known for having substantial risks and unpredictable market behaviors. Given the importance of retirement funds specifically, investors should proceed with some caution and a lot of research.

Account Minimums

Bitcoin IRA does not have an account minimum, but given its relatively high fees, it might make more sense for those with a larger pool of funds to play with.

Customer Support

Bitcoin IRA does boast some of the best customer service reviews among IRA providers, with ratings of four stars or greater on TrustPilot and the Better Business Bureau (BBB). Bitcoin IRA’s customer service team is available by phone at 877-936-7175, and it doesn’t take long to reach a live human being. Customer service options are also integrated directly into the trading platform.

BITCOIN IRA CUSTOMER SUPPORT CONTACT INFORMATION

Phone Number: 877-936-7175

Phone Hours: Monday through Friday: 6:00 am – 5:00 pm PST

Email Address: support@bitcoinira.com

Support Center: https://help.bitcoinira.com/hc/en-us

iOS App

Android App

Account Types

As its name suggests, Bitcoin IRA is primarily focused on IRAs, though it offers other types of retirement accounts as well. Here are the various types of individual retirement accounts you can open and access through Bitcoin IRA.

Traditional IRA

Traditional IRAs are those funded with pre-tax dollars, which means your contributions grow tax-deferred and are eventually taxed as regular income in retirement. There are IRS rules governing how much someone can contribute to any and all IRA funds they may own, known as the annual contribution limit. For 2024, the contribution limit is $7,000, or $8,000 for those aged 50 and over.

Roth IRA

The Roth IRA works in the other direction: You pay taxes on the money now to enjoy tax-free withdrawals come retirement time. Along with being subject to the annual contribution limit, however, Roth IRAs are also governed by income eligibility restrictions, and the five-year rule must be followed to ensure the distributions remain tax-free.

SEP and SIMPLE IRA Accounts

These types of IRAs are built specifically for small business owners and, in some cases, independent contractors. They allow entrepreneurs to maximize their employees’ retirement savings by making employer contributions (and for self-employed people, they can substantially increase their overall contribution limit).

Rollover IRA

A rollover IRA is an IRA set up to catch retirement funds rolled over from an old account, be it an employer-sponsored one like an old 401(k) or another IRA. You can initiate a rollover larger than the annual contribution limit, but keep in mind that the rollover IRA must have the same tax structure as the account whose funds are coming to it. For instance, an old traditional 401(k) must be rolled over into a traditional IRA.

Other Features

Bitcoin IRA also offers a Solo 401(k) option for qualifying business owners.

Considering a Bitcoin IRA?

For those who are more interested in cryptocurrency options than conventional IRAs, Bitcoin IRA, true to its name, offers one of the best Bitcoin IRAs in the game, packed with plenty of security features and an easy-to-use interface.

Rolling over your old 401(k) is easy when you’ve got Capitalize on your side. Get started today, and we’ll walk you through the entire process step by step.

Best If You Want

Fees

What You Can Invest In