As cryptocurrencies gain widespread recognition as a valuable asset class, more investors are considering including Bitcoin in their retirement portfolios. Bitcoin IRAs offer a unique opportunity to harness the potential of digital currencies while enjoying the tax advantages and long-term growth associated with individual retirement accounts.
In this article, we present a comprehensive guide to the best Bitcoin IRA companies for the year 2023. Through meticulous research and analysis, we evaluate the reliability, security, fees, and customer service of various providers. Whether you’re a seasoned investor or new to the world of cryptocurrency IRAs, this guide will help you make informed decisions and navigate the landscape of Bitcoin IRA companies, ensuring a prosperous and secure future for your retirement.
Table of Contents
- How To Open A Bitcoin IRA
- Top Rated Bitcoin IRA Companies
- What You Need To Know About Opening A Self-Directed Bitcoin IRA
- What Cryptocurrencies Can I Store Within A Self-Directed Bitcoin IRA?
- Retirement Accounts That Are Eligible For A Bitcoin IRA Rollover
- Top Rated Bitcoin IRA Companies
- Why You Should Invest In A Bitcoin IRA
- Hiring A Bitcoin IRA Company
- Recap Of The Best Bitcoin IRA Companies For Seasoned Investors
- What Is Bitcoin?
- Is Bitcoin Cryptographically Secure?
- What Is Bitcoin Worth?
- Why You Should Invest In Bitcoin Today
How To Open A Bitcoin IRA
Investors located in the United States with an existing 401k or IRA can elect to rollover their retirement account into a self-directed Bitcoin IRA for retirement.
Bitcoin IRA
The Official Platform For Bitcoin In Retirement Accounts
BitIRA
The Best Cold Storage Solution For Crypto Retirement Accounts
Last Update July 14th, 2023. A Bitcoin IRA is one of the simplest ways to securely invest in bitcoin and many other cryptocurrencies for the long term.
With a Bitcoin IRA, investors can find a wide range of cryptocurrencies to store inside of a portfolio and insure for the lifetime of the investment.
Top Rated Bitcoin IRA Companies
| Company | Headquarters | Phone | Minimum Investment | |
|---|---|---|---|---|
 | BitIRA | Burbank, CA | (877) 465-2950 | $5,000 |
 | Bitcoin IRA | Sherman Oaks, CA | (818) 381-0254 | $3,000 |
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
A Bitcoin IRA, also known as a cryptocurrency IRA, is a tax-advantaged retirement account in the United States that allows individuals to include Bitcoin and other cryptocurrencies as part of their portfolio.
This option appeals to individuals who believe in the long-term value of Bitcoin and want to diversify their retirement savings into the world of digital currencies.
- Similar to traditional IRAs, Bitcoin IRAs offer tax advantages and long-term growth potential, but with the added benefit of investing in digital assets.
- With a Bitcoin IRA, investors can hold Bitcoin within a self-directed IRA account, providing exposure to the potential appreciation of cryptocurrencies while enjoying the tax benefits associated with retirement accounts.
- The IRS categorizes Bitcoin as an alternative asset much like gold or oil. Most advisors recommend a range of 6 to 25 percent of a client’s portfolio in alternative assets.
- Many investors desire a retirement plan that provides diversification in the event of inflation and a Bitcoin IRA allows investors to have full control of their retirement portfolio in all-weather conditions.
“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 gives investors the opportunity to invest in popular cryptocurrencies within a self-directed retirement account. Popular cryptocurrencies for investors include those with large market capitalization, a strong community, and a healthy developer core.
The following is a selection of storable cryptocurrencies within a Bitcoin IRA account.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Dash (DASH)
- Stellar Lumens (XLM)
- Monero (XMR)
- Ethereum Classic (ETC)
- Zcash (ZEC)
- Cardano (ADA)
Retirement Accounts That Are Eligible For A Bitcoin IRA Rollover
The following types of retirement accounts are eligible for rollover into a self-directed bitcoin individual retirement account. If you don’t know what type of retirement account you have right now, have a talk with your employer or speak with a reliable Bitcoin IRA company who can help you out directly 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 begin the IRA rollover today.
Top Rated Bitcoin IRA Companies
| Company | Headquarters | Phone | Minimum Investment | |
|---|---|---|---|---|
| BitIRA | Burbank, CA | (877) 465-2950 | $5,000 |
| 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. Some of the typical insurance providers include BitGo Trust and their insurance provider Lloyd’s of London.
Storage And Security
Cryptocurrency private keys are secured within a multi-signature cold storage wallet. The storage facility houses the cold storage wallet with armed guards and 24-hour surveillance.
Fees
Typically, a rollover includes a one-time service fee. This fee depends on the custodian terms and the account type that you are rolling over from.
Why You Should Invest In A Bitcoin IRA
A self-directed bitcoin IRA is legally structured as a traditional or Roth IRA and gives investors full control of their cryptocurrency assets.
Since digital currencies are considered to be capital assets, holding them within a tax-advantaged retirement account is ideal for long-term growth and diversification.
The best Bitcoin IRA companies offer self-service (for example Bitcoin IRA). We recommend going with a reliable company that knows how to store, secure and insure your bitcoin and other cryptocurrencies 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 that is suitable for your needs:
- 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
Recap Of The Best Bitcoin IRA Companies For Seasoned Investors
A Bitcoin IRA gives retirement account holders the ability to invest in Bitcoin and cryptocurrencies within a self-directed IRA.
It is a good idea to read reviews about Bitcoin IRA companies to learn more about their reputations and practices. Consider consulting with a qualified professional that can answer questions and guide you before making an investment decision.
#1. BitIRA
| Website: | bitira.com |
| Phone: | (877) 465-2950 |
| Headquarters: | Burbank, California |
| Founded: | 2017 |
| Minimum: | $5,000 |
Known as the world’s most secure Digital IRA, BitIRA offers best in class security of your assets. Furthermore, the company is not only fully IRS-compliant, but also offers first-class expertise and full-service support.
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.
| BitIRA | Company Information |
|---|---|
| Address: | 3500 West Olive Avenue, Suite #300 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
#2. Bitcoin IRA
| 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?
- Your assets are protected by a 3-keyed “Cold Storage” IRA wallet that is exclusive to Bitcoin IRA. This protection is powered by BitGo who is 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 IRA | Company 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
What Is Bitcoin?
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 good 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.
Facts About Bitcoin
- The supply is limited. Only 21 million bitcoin can ever be mined.
- As of 2021, there are over 75 million bitcoin wallets.
- Similar to gold, bitcoin’s value is not centered around a credit system and tends to move opposite to stocks & bonds.
- There are over 20,000+ bitcoin ATMs worldwide today.
- Has the potential to be used as money and be accepted by businesses worldwide.
How Safe Is Bitcoin?
Due to blockchain and cryptography, Bitcoin is decentralized and has an immutable database. Bitcoin is disrupting the financial services industry by having no middleman, no debt, and instant payments. Bitcoin is also instantly convertible and accepted by retailers all over the globe.
Because Bitcoin is decentralized, it allows anyone with Internet access the ability to transact with anyone in the world. When compared to remittance services like Western Union, Bitcoin is uniquely peer-to-peer and functions like a personal banking system.
The potential of bitcoin to shape the global economy is immense. The currency has the potential to revolutionize the remittance market and make it easier to send and receive money.
Is Bitcoin Cryptographically Secure?
Bitcoin is the world’s first digital currency that is cryptographically backed by the blockchain. Bitcoin became a new alternative asset and introduced Blockchain as a technology to the rest of the world.
Many people flock to Bitcoin because it serves a simple purpose as a store of value. It also functions as a decentralized bank account because people can send and receive it as “money”. For this reason, many investors prefer storing their cryptocurrency assets inside of a self-directed Bitcoin IRA.
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.
In unbanked and underbanked regions of the world, there are people who prosper in a decentralized economy. Thanks to digital currencies such as Bitcoin these people can completely skip ownership of money held inside of a bank. Consider bitcoin to be your own trustworthy personal banking system akin to a Swiss bank account.
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 can not happen.
Why You Should Invest In Bitcoin Today
Here at Smart Bitcoin Investments, we understand the history of money and the fundamentals of economics. We also understand the importance of protecting your family’s hard-earned investments (and peace of mind) in the case of inflation and for retirement.
Over the previous century, consumers have evolved from cash to bank and credit cards to pay for goods and services. Mobile payments are the next evolutionary step, but they are usually linked to a bank account for facilitating transactions. The blockchain and Bitcoin are cryptographically secure and are now disrupting the financial services industry. 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 can not happen.
As we conclude our exploration of the best Bitcoin IRA companies for 2023, it becomes evident that the world of cryptocurrency IRAs is evolving rapidly. These companies offer investors an avenue to include Bitcoin and other cryptocurrencies in their retirement portfolios, harnessing the potential for long-term growth and diversification. With a focus on reliability, security, fees, and customer service, the selected companies on our list exemplify excellence in providing a seamless and secure Bitcoin IRA experience. However, it is crucial to conduct thorough research and consider personal investment goals before choosing a specific provider. By carefully evaluating the options, investors can confidently embark on their journey towards a prosperous and cryptocurrency-inclusive retirement.