The 5 Best Crypto IRAs You Can Use for Retirement

Cryptocurrencies are available to a wide range of investors and there are now more ways to invest.

One such option is a Bitcoin IRA, which allows investors to purchase and trade the asset using an established IRA platform prior to retirement. The following are the best crypto IRAs you can use to invest in Bitcoin for retirement.

1. BitcoinIRA

BitcoinIRA is by far the most popular crypto IRA available. You can trade on the platform 24/7, making it possible to trade whenever you want.

BitcoinIRA supports over 60 cryptoassets, including Bitcoin, of course, and many top altcoins, such as Ethereum, Litecoin, and Cardano.

With just $3,000 you can open an IRA account and buy and start trading a single cryptocurrency or multiple cryptocurrencies of any combination.

You can also roll over other retirement funds such as traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403b or 401k to your BitcoinIRA account and continue trading.

BitcoinIRA works with crypto escrow service provider BitGo to keep your crypto assets safe in offline cold storage, making it safe from attackers even if the platform is compromised.

What more? A $700 million insurance policy covers your retirement investment should something go wrong.

Apart from a one-time fee used to cover security, storage and other costs, there are specific fees that BitcoinIRA does not explicitly state. You’ll need to talk to an agent to get specific numbers, depending on how you want to structure your account.

2. BitIRA

BitIRA is one of the best crypto IRAs to consider before you retire. Like BitcoinIRA, it supports multiple cryptoassets for you to choose from, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

You need a minimum of $5,000 to invest in this one, and you can invest in any number of the supported cryptoassets. BitIRA’s fees include $195 for annual maintenance, 0.05% of invested amount as a custody fee, and a one-time setup fee of $50, in addition to variable transaction fees.

For security, BitIRA uses cold storage with Equity Trust Company to ensure safe custody of users’ funds while providing full control over their assets. There is also a $100 million insurance policy for your money in the event of an accident.

3. CoinIRA

CoinIRA provides a platform for investing in a single or multiple cryptocurrencies. It supports at least 20 assets, including Bitcoin, Ethereum and Litecoin. Supported accounts include Traditional IRAs, Roth IRAs, SEP IRAs and SIMPLE IRAs.

One thing that sets CoinIRA apart is that in addition to crypto assets, it also provides a crypto IRA guide to help you better understand your investment. They also offer consultants who can answer questions regarding your investment.

Also worth noting is the fact that CoinIRA does not charge custodian fees, even though Equity Trust Company are crypto custodians, just like BitIRA. Instead, you have to pay a 1.25% buy fee and a 1% sell fee when you trade.

There are no start-up or maintenance fees, but the minimum investment is $5,000, which may be on the high side for some investors.

4. Regal Assets

Regal Assets is known for providing diversification to its IRA account holders. Apart from cryptocurrencies such as Bitcoin, Ethereum and Litecoin (and many others, with 22 in total), it also provides hard assets such as gold and silver.

Regal Assets originally started as a platform dedicated only to precious metals. It only included cryptocurrencies in 2017, when the demand for cryptocurrency started to skyrocket.

Like the other IRA platforms, it uses offline storage to secure clients’ assets, for which you pay $150 annually for the storage and a $100 annual administrative fee.

You can sign up with Regal Assets and start with an initial investment or transfer your traditional IRA account into it. If your favorite crypto-asset is not among the 22 listed, Regal Assets has an inquiry on request for such a situation and you can call to make a special request.

The biggest downside of this platform is the huge fees it charges for account maintenance and administration, but you can enjoy the variety that only a few platforms like it offer.

5. iTrustCapital

iTrustCapital is a reputable platform for crypto IRA investments and one that is more affordable than most. The platform is friendly to both novice and experienced investors, giving everyone a chance to experiment with a crypto IRA account.

If you’re just getting started with crypto investing, it might be helpful to research which altcoins you should invest in first.

With a minimum investment of just $1,000, iTrustCapital lowers the bar for crypto IRA retirement investments for those with lower capital. Like Regal Assets, you can buy and trade crypto and hard assets, such as gold and silver, in real time using your retirement account at iTrustCapital.

There are over 25 cryptocurrencies to choose from, including Bitcoin, Ethereum and other altcoins that you can trade at any time of the day, 24/7. There are no monthly or annual account maintenance fees and the transaction fee for crypto is 1% flat. The transaction fee for gold is $50 per ounce, while silver is $2.50 per ounce.

Assets at iTrustCapital are covered by insurance up to $370 million in partnership with Coinbase Custody, the custody services division of Coinbase, one of America’s top crypto exchanges.

The downside is that you can only fund your account with USD before buying crypto, as direct funding with crypto from another wallet is not allowed.

If you are looking for an affordable platform to start your crypto IRA with just $1000 and access digital and hard assets at a reasonable price, iTrustCapital may be the place for you.

Which BitcoinIRA is right for you?

These are the best crypto IRA platforms you can use to invest in crypto for retirement. Depending on your needs, any of them may suit you and you should choose based on what you want to achieve.

For example, if you are looking for a combination of asset diversity and low fees, iTrustCapital is the choice. There are other factors that may come into play in determining which platform you ultimately choose, but be sure that it is capable of helping you achieve your IRA crypto investment goals.