Best Bitcoin IRA Companies

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Why We Chose It: Bitcoin IRA is our top choice due to its well-rounded offering that includes multiple account types, support for the most popular cryptocurrencies, the potential to earn interest on crypto deposits, and a platform that’s quick and easy to use.

If you’re looking for a cryptocurrency IRA, Bitcoin IRA may be a good fit since it features a cryptocurrency IRA account that works well for a wide range of users, from those who are brand new to cryptocurrency to those who have years of experience. This company specializes in Bitcoin IRAs and offers a variety of IRA accounts as well as a Bitcoin 401(k). It takes less than five minutes to sign up and create an account.

Based on the company’s price charts, there is support for Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar Lumens, and Zcash. Trades are placed in real time 24/7. In addition to price appreciation from Bitcoin and other currencies, you can also lend assets to earn up to 6% APY (as of March 2021). Accounts are held in a secure digital wallet. Bitcoin IRA customer assets are stored on offline cold storage through BitGo Trust, and it offers up to a $100 million insurance policy to give your assets additional security.

The biggest downside is non-transparent pricing, which may vary depending on the size of your initial deposit when starting your account. You will need to call the company and speak to a representative regarding fees for the type of account you open. Note that there is a $3,000 minimum but no investment cap on your Bitcoin IRA accounts.

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Why We Chose It: We picked iTrustCapital as the best for large balances due to relatively low trade fees with a transparent, fixed monthly fee.

iTrustCapital features IRA accounts that support both cryptocurrencies and precious metals. You can choose your investments in the account from a list of six cryptocurrencies plus gold and silver. Currently supported coins include Bitcoin, Litecoin, Ethereum, Bitcoin Cash, EOS, and more. The $2,500 minimum and $1,000 requirement for additional contributions make it better for those with larger balances and assets, not brand new IRA investors.

Pricing is clear and transparent and makes sense for larger accounts. There is a required $29.95 monthly fee to maintain an account plus a 1% fee to trade cryptos. That’s much cheaper than some competitors. Accounts with cryptocurrency are held through a custodial relationship with Coinbase Custody. Balances are protected by a $370 million insurance policy between Coinbase Custody and Curv.

The price transparency here is a big positive. Additionally, the company takes security seriously, offering both cold and cloud storage.

The combination of low, transparent pricing and a list of the most popular currencies make it a good choice for many looking to keep crypto in an IRA.

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Why We Chose It: We chose BitIRA as best for security because it uses cold storage to protect your assets with additional insurance for every dollar invested.

BitIRA is a self-directed cryptocurrency IRA provider with a focus on security, helping it clinch the top spot in this category. Your account is protected with standard online security tools like encryption and multi-factor authentication. It goes multiple steps further to protect your investments, notably using cold storage and high levels of insurance. Funds are held through custodial partnerships with Equity Trust Company and Preferred Trust Company.

Cold storage means your cryptocurrencies are stored on an offline hardware wallet. Only someone with physical access to the wallet and the unlock codes can get in. And if that doesn’t work, they also insure every deposit dollar-for-dollar. That’s more than you get from the FDIC, SIPC, or most major brokerages.

BitIRA offers traditional, Roth, SEP, and SIMPLE IRA accounts. It currently supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Bitcoin Sv, Zcash, and Stellar Lumens. Accounts cost $50 to establish and $195 per year to maintain. The biggest negative is the 0.05% storage fee, which increases in cost as your balance rises. But if security is your primary concern, that extra cost could be worth it.

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Why We Chose It: We like that Broad Financial charges a flat, predictable annual fee and gives you full “checkbook control” over your cryptocurrency wallet to buy and sell any currencies you choose.

Broad Financial offers a unique Bitcoin IRA option where you have checkbook control over your investments. When the account holder signs up for a new account, Broad Financial creates a business entity with its own checkbook. Any purchases made with that checkbook are assets owned by the IRA. The account is intended for cryptocurrencies, but you can buy real estate, private stock, and other assets with the IRA as well.

There is a $1,295 account setup fee to get your new IRA LLC, then you pay $300 per year to keep the account. Once your account is funded, you can use the IRA to fund a cryptocurrency investment, which is legally part of your retirement account and subject to the same rules as any other traditional or Roth IRA.

This means you can choose pretty much any virtual currency you want from market leader Bitcoin to lesser-known currencies, though those may come with outsized risk. Once you buy the coins, you are also responsible for storage, whether that’s in a trusted online cryptocurrency account or your own offline wallet. What you buy and how you secure your currency is up to you.

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Why We Chose It: We chose BlockMint as the best Bitcoin IRA for those new to cryptocurrencies because advisors from BlockMint will choose a portfolio of currencies for you.

BlockMint is a better choice for those who don’t want to enter their own cryptocurrency trades and want someone else to essentially handle the entire account for them. While you don’t need to pick your own cryptos, you will pay a big fee to have BlockMint do it for you; BlockMint charges 15% to purchase on top of other fees.

Some of those other fees include a 2.5% purchase fee and 1% sell fee, $195 annual maintenance fee, and 0.05% monthly storage fee, all of which are imposed by the account custodian, Equity Trust. 

According to the BlockMint website, it supports Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Ethereum Classic, though the Ripple XRP asset probably isn’t offered, as that asset was effectively shut down by the SEC. In either case, that’s a fairly short list but does include the most popular coins.

While the fees are high (and numerous), the benefit is that BlockMint handles most everything for you. You don’t need any computer skills to use BlockMint, as you can start online or by phone, and BlockMint assists with any IRA or 401(k) rollovers to fund your account. 

BlockMint is owned by Lear Capital, a company with over 20 years of experience in gold and precious metals investments.