Open A Bitcoin IRA

Investors located in the United States with an existing 401k or IRA can rollover their retirement account into a self-directed Bitcoin IRA for the long-term.

Bitcoin IRA

Bitcoin IRA logo - square

The Official Platform For Bitcoin In Retirement Accounts

 

Regal Assets

Regal Assets - The #1 Rated Metals And Crypto IRA Company

The #1 Rated Metals And Crypto IRA Company

BitIRA

BitIRA Logo - Cryptocurrency IRA Investment Company

The Cold Storage Solution For Retirement Accounts

CompanyPhone Number
Bitcoin IRA+1 (818) 381-0254
Regal Assets+1 (833) 863-2020
BitIRA+1 (877) 465-2908

Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.

What You Need To Know About Opening A Self-Directed Bitcoin IRA

An Introduction To The Bitcoin IRA Cover Photo

A Bitcoin IRA is a self-directed tax-advantaged retirement plan in the United States that gives investors a solid method for investing in the crypto asset market with a retirement account.

  • A Bitcoin IRA is the same as any other individual retirement account (IRA), only instead of holding paper assets, a Bitcoin IRA holds digital currencies.
  • Many investors desire a retirement plan that provides diversification in the event of inflation. A self-directed Bitcoin IRA is recommended if you understand how alternative assets provide diversification and want to have full control of your retirement and future plans.
  • Bitcoin is considered to be an alternative asset by the IRS much like gold or oil. Most advisors recommend a range of 6 to 25 percent of a client’s portfolio in alternative assets.

Did You Know? A $200 INVESTMENT IN BITCOIN IN 2011 WOULD BE WORTH $1,450,604 USD TODAY!”

What Cryptocurrencies Can I Store Within A Self-Directed Bitcoin IRA?

A Bitcoin IRA, also known as a Cryptocurrency IRA, gives investors the opportunity to invest in popular cryptocurrencies within a self-directed retirement account. Popular cryptocurrencies to invest in include those with large market capitalization, strong community, and healthy developer core.

The following are some of the cryptocurrencies that can be kept within a self-directed Bitcoin IRA.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)
  • Dash (DASH)
  • Stellar Lumens (XLM)
  • Monero (XMR)
  • Ethereum Classic (ETC)
  • Zcash (ZEC)

Retirement Accounts Eligible For A Bitcoin IRA Rollover

The following types of retirement accounts are eligible for rollover into a self-directed Bitcoin IRA. If you don’t know what type of retirement account you own have a call with your employer and/or speak with a reliable Bitcoin IRA company over the phone.

  • 401(k)
  • 403(b)
  • Roth IRA
  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • Pension plans
  • Various annuity plans
  • TSP (Thrift Savings Plans)

Get in touch with a reliable Bitcoin IRA company that can help you get started with your rollover today. Bitcoin IRA company contact information can be found within the table below.

Bitcoin IRA Company Information

 CompanyHeadquartersPhoneMinimum Investment
Regal Assets Icon

Regal Assets

Beverly Hills, CA(833) 863-2020$10,000
Bit IRA icon
BitIRA

Burbank, CA(877) 465-2950$20,000
Bitcoin IRA icon
Bitcoin IRA

Sherman Oaks, CA(818) 381-0254$3,000

Contribution Limits

If you are under the age of 50, you can contribute up to $6,000 a year. This limit increases to $7,000 annually once you turn 50 years of age.

Insurance

Most Bitcoin IRA custodians offer end-to-end insurance of digital assets and private keys.

Storage And Security

Cryptocurrency private keys are secured within a multi-signature cold storage wallet and are oftentimes kept inside of a vault with armed guards and 24 hour surveillance.

Fees

Typically, a rollover will include a one-time service fee. This fee depends on the custodian and account type you are rolling over from.

Why You Should Invest In A Bitcoin IRA

Self Trade Crypto In Your IRA or 401k
Bitcoin IRA, based in Sherman Oaks, CA, offers a unique way to securely hold a cryptoasset portfolio.

A self-directed Bitcoin IRA is legally structured as a traditional or Roth IRA and gives investors full control of their assets.

Since digital currencies are considered to be capital assets, holding bitcoin within a tax-advantaged retirement account is ideal for long-term growth.

The best bitcoin IRA companies offer self-service (for example Bitcoin IRA). We recommend choosing a reliable company that can assist with storing, securing, and insuring bitcoin inside of a tax-advantaged retirement account.

Hiring A Bitcoin IRA Company

Choosing the right company for your Bitcoin IRA requires due diligence to properly research the company, including its reputation, customer service, and fees.

The following questions should be asked before deciding on a Bitcoin IRA company:

  • Are they accredited with the BBB (Better Business Bureau)?
  • How many years of experience do they have?
  • In case of a physical disaster or emergency, how can I access my funds?
  • What kind of asset preservation program do they have?
  • Will you have your own representative or hotline should any questions arise?
  • What are other people saying about the company in reviews on the Internet?

A good Bitcoin IRA company will minimize the risks involved with opening an account and alleviate any concerns you may have.

If you have a specific question regarding opening a Bitcoin IRA, give your favorite company a call directly so they can answer it for you over the phone.

Bitcoin IRA Rollover Summary

1. Fill out an account application

2. The account is established within 24-48 hours

3. Receipt of the signed transfer request by both custodians

4. Fund your account

5. Put your Wallet in Cold Storage

“Three eras of currency: Commodity based, e.g. Gold. Politically based, e.g. Dollar. Math based, e.g. Bitcoin.” – Chris Dixon, Co-Founder of Hunch

3 Ways To Buy Bitcoin With Your IRA

A Bitcoin IRA gives retirement account holders the ability to invest in bitcoin among other popular cryptocurrencies within a self-directed IRA.

It is a good idea to read reviews and consult a qualified professional that can guide you with any questions you might have before making an investment decision.

#1. Regal Assets

Regal Assets Logo - Start A Crypto And Precious Metals IRA
Rating:

Website:regalassets.com
Phone:(833) 863-2020
Headquarters:Beverly Hills, California
Founded:2010
Minimum:$10,000

Regal Assets is a company well known among investors for its precious metals and gold IRA. Recently they expanded their services to allow cryptocurrency investments. Regal Assets offers two types of IRAs for both precious metals and cryptocurrency investors.

The Regal IRA is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).

The Regal Wallet enables U.S. investors with an IRA the ability to rollover into bitcoin or any crypto asset of their choosing.

Why Invest With Regal Assets?

  • The highest rating profile in the precious metal industry for 10 years in a row.
  • Your crypto investment is safely stored in an impenetrable offshore vault in the case of a physical or natural disaster and secure from computer crashes, malware, spyware or viruses.
  • All cryptocurrency investments are fully insured with the Lloyd’s of London.
  • Featured in Forbes, Smart Money, and The Huffington Post.
  • Maintains an A+ rating with the Better Business Bureau, AAA rating from the Business Consumer Alliance and is ranked #20 by INC 500.

Summary: We recommend the Regal Wallet for the serious investor who is considering a bitcoin IRA rollover. We recommend the Regal IRA for investors who want to invest in both crypto assets and precious metals like gold, silver, platinum, and palladium.

REMEMBER: If you are investing more than $10,000, Regal Assets will cover the account setup and storage fees for the full first year.

Regal AssetsCompany Information
Address:280 South Beverly Drive, 5th Floor Beverly Hills, CA 90212
Country:United States
Phone:+1 (833) 863-2020
International:001-833-863-2020
Website:regalassets.com

“Bitcoin is a techno tour de force.” – Bill Gates, Founder Of Microsoft

#2. BitIRA

BitIRA Logo
Rating:

Website:bitira.com
Phone:(877) 465-2950
Headquarters:Burbank, California
Founded:2017
Minimum:$20,000

BitIRA is not only fully IRS-compliant but also offers first-class expertise and full-service support as the world’s most secure Digital IRA.

With multi-signature authentication and end-to-end insurance, your BitIRA cold-storage wallet is fully-insured against any cases of hacks, fraud, theft, and mistakes.

Why Invest With BitIRA?

  • Fully compliant with the Cryptocurrency Security Standards (CCSS).
  • Your cryptocurrency assets are fully insured against any cases of hacks, fraud, theft, and mistakes, and are housed inside Class III vaults at a state-of-the-art depository, with UL & ULC-rated, multi-redundant security systems, and protected by armed guards around the clock.
  • Each investor has their own personal, encrypted cold storage hardware device that can only be accessed through multi-signature security.
  • Voluntarily registered as an MSB (money services business) with the Financial Crimes Enforcement Network (FinCEN), a branch of the U.S. Department of Treasury.
  • Featured in The Washington Post, Forbes, CNBC, Brave New Coin, and USA Today.

Summary: BitIRA has developed an ultra-secure way for investors to enjoy tax-deferred growth with digital currencies. We recommend the BitIRA company for serious investors who value security.

REMEMBER: BitIRA is one of the world’s most secure digital currency IRAs. Learn how to supercharge your IRA with a free guide.

BitIRACompany Information
Address:3500 West Olive Avenue, Suite #730 Burbank, CA 91505
Country:United States
Phone:+1 (877) 465-2908
Website:bitira.com

“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.” – John McAfee, Founder Of McAfee

#3. Bitcoin IRA

Bitcoin IRA Company Logo
Rating:

Website:bitcoinira.com
Phone:(818) 381-0254
Headquarters:Sherman Oaks, California
Founded:2015
Minimum:$3,000

Bitcoin IRA is the first and only full-service solution that gives investors in the United States the option to invest in a self-directed Bitcoin IRA account.

The company mission of Bitcoin IRA is to help smart investors achieve their goals by making the complex investment process simpler and safer by being fully transparent and straightforward.

Why Invest With Bitcoin IRA?

  • Protected by a 3-keyed “Cold Storage” IRA wallet exclusive to Bitcoin IRA, powered by BitGo – the leader in multi-signature encryption technology.
  • One-time fee for complete services of setting up your account, rolling over funds, executing the exchange, and securing your funds.
  • Freedom to choose your portfolio % between Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, ZCash, Stellar Lumens and more.
  • Investment is licensed, bonded and fully insured for up to $1 million dollars with the Lloyds of London.
  • Featured in Forbes, Barrons, Coindesk, CNBC, and the Wall Street Journal.

Summary: Bitcoin IRA is a one-of-a-kind investment portfolio. Not only do you get to decide what you want in your custom portfolio, but also you will have a specialist to walk you through it every step of the way.

REMEMBER: Bitcoin IRA has only a $3,000 minimum investment requirement.

Bitcoin IRACompany Information
Address:15303 Ventura Boulevard, Suite #1060 Sherman Oaks, CA 91403
Country:United States
Phone:+1 (818) 381-0254
Website:bitcoinira.com

“I do think Bitcoin is the first encrypted money that has the potential to do something like change the world.” – Peter Thiel, Co-Founder of PayPal

Frequently Asked Questions (FAQ)

A self-directed Individual Retirement Account (IRA) is a personal investment portfolio provided by most institutions in the United States of America. The IRA gives investors a plethora of options to hold their retirement savings whether it is allocated to precious metals, stocks, bonds, real estate, cryptocurrency and the like.

Many investors desire a private retirement plan that is secure in the event of a crisis for generations, and a self-directed IRA offers a robust and accessible solution. The IRS provides a list of investments one can make in an IRA.

If you invest your IRA in collectibles, the amount invested is considered distributed in the year invested and you may have to pay a 10% additional tax on early distributions.

Here are some examples of collectibles:

  • Precious Metals
  • Artwork
  • Rugs
  • Coins
  • Antiques
  • Gems
  • Stamps
  • Cryptocurrency

(Source: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-investments)

Yes, using your existing IRA, it is possible to move your funds through the use of a rollover into a Bitcoin IRA or related cryptocurrency retirement account. If it is unclear, you may call your preferred custodian to see if your current IRA can be rolled over into your chosen type.

Eligible retirement accounts that can be used to invest in cryptocurrency include:

  • 401(k)
  • 403(b)
  • Roth IRA
  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • Pension plans
  • Various annuity plans
  • TSP (Thrift Savings Plans)

On the Internal Revenue Service website, they have issued a Virtual Currency guidance: "In some environments, virtual currency operates like “real” currency -- i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance -- but it does not have legal tender status in any jurisdiction. The notice provides that virtual currency is treated as property for U.S. federal tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency. Among other things, this means that:

  • Wages paid to employees using virtual currency are taxable to the employee, must be reported by an employer on a Form W-2, and are subject to federal income tax withholding and payroll taxes.
  • Payments using virtual currency made to independent contractors and other service providers are taxable and self-employment tax rules generally apply.  Normally, payers must issue Form 1099.
  • The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer.
  • A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property.

Further details, including a set of 16 questions and answers, are in Notice 2014-21, posted on IRS.gov."

(Source: https://www.irs.gov/newsroom/irs-virtual-currency-guidance)

An IRA rollover is a transfer of funds from a retirement account to another and can consist of a number of assets. If you would like to move your existing retirement account into cryptocurrency i.e. Bitcoin, a Bitcoin IRA rollover is an option you can take.

With a finite amount of Bitcoin available for mining, its value is determined by the market rules of demand and supply.

Thus, as the demand for this finite cryptocurrency increases, so will its value over the long term when compared to currencies that can be printed endlessly.

Considering the way the economy of money works, the decreasing value of the Fiat dollar due to inflation and also the current Gold price can affect the value of Bitcoin in a number of ways as well.

"Since 1913, the U.S. Dollar has lost 98% of its purchasing power." Smith, Michael (2012, January 23). Dollar Devaluation since 1913. Retrieved from: https://comparegoldandsilverprices.com/news/economics-101/dollar-devaluation-since-1913/

For those investors who practice diversification, the pure fact that Bitcoin is a hedge against the dollar gives it weight as an investment.

Most Bitcoin IRA custodians give their investors the option to invest in cryptocurrencies that have a large market capitalization, are supported by a strong community, and boast a strong developer base. A Bitcoin or Cryptocurrency IRA is not limited to just bitcoin but rather gives investors the ability to invest in a wide variety of cryptographically backed digital securities.

Here are some of the cryptocurrencies you can store in a Bitcoin IRA:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)
  • Dash (DASH)
  • Stellar Lumens (XLM)
  • Monero (XMR)
  • Ethereum Classic (ETC)
  • Zcash (ZEC)

If you don't see your chosen cryptocurrency provided by a custodian, either stay patient and wait for them to add it or go ahead and give them a call.

Here is a comprehensive list of retirement accounts that are eligible for a Bitcoin IRA rollover:

  • 401(k)
  • 403(b)
  • Roth IRA
  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • Pension plans
  • Various annuity plans
  • TSP (Thrift Savings Plans)

If you have a retirement account that is not listed, it may still be eligible for a rollover. In order to find out, you can directly call the company representatives to see which of your accounts will qualify.

Depending on which IRA custodian you choose, your private keys will be held in technologically sound hardware wallets and stored in a secure location. Your custodian will have more information on how they secure your private keys and funds.

  • With Regal Assets, your private keys are generated offline within a hardware wallet and stored in a private and secure facility monitored 24 hours a day, 7 days a week, 365 days a year. Regal Assets provides cold storage in an impenetrable offshore vault located in a crypto-friendly jurisdiction. Multisig is optional.
  • With BitIRA, your private keys are housed inside Class III vaults at a state-of-the-art depository, with UL & ULC-rated, multi-redundant security systems, and protected by armed guards around the clock. Each investor has their own personal, encrypted hardware device that can only be accessed through multi-signature security.
  • With BitcoinIRA, enlisting the help of BitGo - the leader in multi-signature encryption technology, your private keys are secured by a 3-keyed “Cold Storage” IRA wallet. Three unique keys are generated to ensure maximum security. These are kept with: (1) Your digital wallet, BitGo (2) Your Bitcoin IRA custodian, Kingdom Trust (3) Your backup key provider, Keytern.al. Additional layers of security including ID verification and voice confirmation are needed to execute a trade.

With the growing popularity of Bitcoin, as well as other cryptocurrencies, and the correlating increasing value, it pays to hold onto your coins. The growth in value of Bitcoin in the foreseeable future does not appear to be slowing, only increasing with the maturity of the investment.

The best part of owning a Bitcoin IRA account is being able to take out distributions from your plan as either physical possession of your private keys or liquidation in cash. This provides exceptional value and is a great option to have if and when you plan on making withdrawals from your account. If you wish to liquidate your Bitcoin IRA for cash, ensure that your custodian offers an advantageous buyback program.

Any return on investment on the cryptocurrency in your Individual Retirement Account can be retained tax-free until a distribution is taken out. You also have the option of performing a rollover into another IRA account of your choosing.

Choosing the right custodian for your Bitcoin IRA requires due diligence on your part to research the company, including their reputation, customer service, buyback program, and retirement plans offered.

The following factors should be considered before hiring a custodian:

  • Are they accredited with the BBB (Better Business Bureau)?
  • How many years of experience do they have?
  • In case of a physical disaster or emergency, how can I access my funds?
  • What kind of asset preservation program do they have?
  • Will you have your own representative or hotline should any questions arise?

A good custodian will minimize the risks involved with opening an account and alleviate any concerns you may have.

If you have a specific question regarding opening a Bitcoin IRA, give your favorite custodian a call directly so they can answer it for you.

Facts About Bitcoin

  • The supply is limited. Only 21 million bitcoin can ever be mined.
  • As of 2020, there are over 45 million bitcoin wallets.
  • Just like gold, bitcoin’s value does not correlate with the dollar and tends to move opposite to stocks & bonds.
  • Bitcoin transactions can be tracked on the blockchain network as they are fully transparent.
  • Has the potential to be used as money and be accepted by businesses worldwide.

What Is Bitcoin?

Bitcoin symbol and icon

Bitcoin is a decentralized peer-to-peer cryptographically secure currency that has similar attributes to gold with improved fungibility, divisibility, and portability. Bitcoin is a global currency and works the same in every country around the world.

The bitcoin stock symbol (BTC) is the same everywhere. Bitcoin is essentially “free market” money in the sense that it has purchasing power in its own unique way. Bitcoin is a purely peer-to-peer version of electronic cash which allows online payments to be sent directly from one party to another without going through a financial institution.

A Bitcoin IRA company can help individuals digitally secure their cryptocurrency inside of an insured cold storage wallet with a trustworthy custodian.

Check out the original Bitcoin whitepaper by Satoshi Nakamoto if you would like to learn more about the fundamentals of bitcoin and blockchain technology.

How Safe Is Bitcoin?

Convert 401k or IRA to bitcoin today

Thanks to blockchain and cryptography, bitcoin is uniquely decentralized and has an immutable database. With little to no transaction fees, no debt, and the ability to receive your payments within seconds, bitcoin is disrupting the way we use financial services today.

Because bitcoin is a decentralized currency, it allows anyone to accept a private digital transfer of value from anyone else in the world instantly. So, instead of sending your money through a remittance service like Western Union or a third party such as a bank or even PayPal, bitcoin as a banking system is uniquely peer-to-peer.

Bitcoin is the same digital currency across borders and can be converted into nearly any local fiat currency or precious metal on request.

Bitcoin Is A Cryptographically Secure Digital Currency

Bitcoin is the world’s first digital currency that is cryptographically backed by the blockchain. Its main purpose is to serve as a store of value and introduce Blockchain as a technology to the rest of the world. A great number of people flock to bitcoin because it serves a simple purpose as a store of value and functionality to be able to send and receive it as “money”.

The potential of bitcoin to shape the global economy is immense. The currency has the potential to take on the remittance market and make it easier for people to send and receive money globally.

Bitcoin is also instantly convertible. So, if a traveler visiting the islands of Japan runs out of Yen, they can efficiently convert their bitcoin to their local fiat currency within seconds.

What Is Bitcoin Worth?

Bitcoin has already helped people during inflation. In Greece and in Cyprus, bitcoin was used as a store of value and wealth transfer between individuals, similar to how gold performed during the fall of the Roman empire and leading up to the French Revolution.

In unbanked and underbanked regions of the world, there are people who completely skip ownership of money inside of a bank and instead participate in the transfer of encrypted peer-to-peer banking through digital currencies such as bitcoin on smartphones. Consider bitcoin to be your own trustworthy personal banking system akin to a Swiss bank account.

What Is Cryptography?

Cryptography is the practice and study of techniques for secure communication. Complex mathematical techniques encrypt and decrypt messages sent electronically. Cryptography protects transmitted data and ensures that information can only be used by those for whom it is intended.

Cryptography turns bitcoin’s blockchain into an immutable system for keeping records and is used to create a decentralized peer-to-peer type of money.

Each participant is given a set of private keys that are assigned to transactions and act as a personal signature.

Why You Should Invest In Bitcoin

Bitcoin IRA for retirement portfolio

Here at Smart Bitcoin Investments, we understand the history of money very well. We also understand the importance of protecting your family’s hard-earned investments (and peace of mind) in the case of inflation.

Over the past 50 years, consumers went from using cash to pay for goods and services to using bank and credit cards. Mobile payments are the next evolutionary step, but they are still linked to your bank account. Bitcoin is a cryptographically secured digital currency that is disrupting financial services with its blockchain technology. If the free market – which is made up of all of the bitcoin users around the world – decided that the new bitcoin price should not be $250, but $10,000, no authority can say this cannot happen.