What is Coin IRA?
Coin IRA is a specialist providing retirees and investors with the opportunity to make an investment in crypto. This is accomplished through the rollover of an existing IRA into a self-directed IRA. Their clients have the option to make an investment in a good selection of cryptocurrencies such as Ethereum, Bitcoin, Litecoin and Ripple.
Coin IRA At a Glance
- Best overall company for a Bitcoin IRA
- Low annual fees
- Cold storage and offline wallet
- Overall rating of five out of five possible stars
- Fully insured
- A rating with the Better Business Bureau
- Average TrustPilot review rating of 4.9 out of five possible stars
Pros & Cons
- The fees charged by Coin IRA are fairly low
- Customer reviews are positive
- You can control your funds in a secure manner
- Your wallet is extremely secure
- Coin IRA is a fairly new company for a Crypto IRA
- You can expect the rollover process to require several weeks
During the last few years, cryptocurrencies have significantly increased in popularity. This is because digital money is gradually becoming legitimized due to institutional investors.
In modern society, the majority of business is taking place online. It has become indisputable that eventually digital money will surpass physical paper currency as the most frequently used medium of exchange.
Bitcoin was established more than 11 years ago. Since then, it has become consistently more important with every year that passes. For this reason, cryptocurrencies are now considered an extremely important asset for holding in any type of investment portfolio.
Unfortunately, when you hold crypto in an IRA account, you generally need to face some significant barriers. The good news is a legitimate solution has been introduced by Coin IRA. This enables you to hold crypto without the need to make expensive withdrawals from the portfolio you established for your retirement.
Once you decide to hold crypto in your portfolio, full control can be maintained over your funds. At the same time, you are exposing yourself to the benefits of a quickly growing new asset class.
Quick Summary of Coin IRA
- The minimum investment is $25,000
- The yearly fee is $195
- At this time, no promos are available
In our review, we will explain all of the following in detail.
- About Coin IRA
- Coin IRA Services
- How Does Coin IRA Work?
- Benefits of Investing in Cryptocurrencies
- Fees & Minimums
- Coin IRA vs the Competition
- How Safe is Your Investment?
- How to Get Started With Coin IRA
- Coin IRA Customer Reviews and Ratings
- Should You Invest in Coin IRA?
About Coin IRA
The company is a reputable financial services firm. Coin IRA assists the holders of retirement accounts with ownership of crypto for their portfolios.
Coin IRA makes it easy to purchase and sell crypto using the existing funds within your IRA.
Once your coins have been purchased, they will be held in cold storage. This eliminates any possibility of your money being stolen by hackers.
In the instance of a data breach, you have peace of mind in knowing your accounts are insured. This eliminates any concerns regarding the loss of your funds.
Coin IRA is also extensively reliant on existing relationships with its IRA custodians. This means your money can be moved reliability with a lot less difficulty. At the same time, you will be in compliance with all of the relevant laws.
Generally speaking, the design of the company works well for both serious institutional investors and amateurs interested in making an investment in cryptocurrencies.
How Does Coin IRA Work?
You can easily get started with Coin IRA by opening a new account. Once your account is established, you can directly register on the official website for the company.
A partnership has been established between New Direction Trust and Coin IRA. This helps lessen the time necessary for the account approval process.
How Coin IRA Works
First, we recommend requesting a free guide to Bitcoin IRAs from the firm. After your account is opened and available, the company will assist you with the rollover process for your new IRA provided you have not already taken this step.
Once your account has legally been classified as self-directed, you have the ability to trade cryptocurrencies freely using your own funds. These funds first need to be moved into your IRA account with Coin IRA.
You do not need to be concerned about the complexities necessary to purchase and hold crypto since all of this is taken care of by the company on your behalf.
A leading crypto exchange is used by Coin IRA. This will assist you when completing transactions. The company ensures this is accomplished nearly instantly and with minimal fees.
You have access to the trading platform available through Coin IRA. This ensures your trades can be placed immediately. You can then view your market orders in a manner extremely similar to a more traditional stock exchange.
Once your coins have been purchased, Coin IRA can transfer your assets optimally and directly. This is accomplished using a segregated wallet over which you have complete control.
Coin IRA Services
Coin IRA offers all of the services you need to trade cryptocurrencies legally using the IRA account you have established with the company.
Coin IRA goes to great lengths to make certain your assets are safeguarded. The company uses secure software you can be assured is updated regularly.
The design of the system uses an extensive verification process for all of your transactions. This means the potential of fraud perpetrated by malicious actors is eliminated.
Coin IRA also confirms all trades directly over the phone to make certain its clients receive additional protection.
You have your choice of three different methods of storage with Coin IRA.
Your first option is to have your coins stored by the company in a secure vault. Your vault will be kept offline.
The second option is to have your funds moved into a hard wallet under your control including KeepKey or Ledger.
Your final option is to maintain complete control over your money by having the company directly transfer your funds into your chosen cryptocurrency wallet.
IRA Coin offers you a lot of flexibility. We recommend using it to maintain control over your coins with just a few restrictions.
Fees & Minimums
Just like with the majority of investment accounts, a minimal financial commitment is required by Coin IRA before you are able to begin. The fees for a Crypto IRA with Coin IRA are as follows.
- The company charges a $50 fee for setting up your IRA
- Your wire fee is $30
- Coin IRA charges an $80 maintenance fee
- Your storage fee is $100
Coin IRA Minimums:
- The minimum amount for a Crypto IRA is between $20,000 and $25,000
- The minimum required for a non-IRA transaction is $3,500
The minimum investment required for a typical self-directed IRA account is $20,000. You must make this investment before you begin.
When Coin IRA transfers funds from your non-IRA account, you are only required to make a $3,500 investment.
When you consider the fees for a Coin IRA, they are relatively low. This is due to the wide range of services the firm provides on your behalf.
When you open a new account, you will be charged a fixed fee of $50.
In order to ensure your account remains open, you will also be charged an $80 yearly fee.
You will be responsible for a $100 fee if you decide you want to use an offline wallet to have your funds stored by Coin IRA.
Keep in mind if a minimum account balance of $50,000 is maintained, the fees for your first year will be waived by the company.
If you place a qualified order for a minimum of $50,000, you can receive five percent back.
You can learn how to use your 401k or IRA to purchase Bitcoin by requesting a free IRA coin guide for Bitcoin investing. Simply request your guide through the official Coin IRA website.
Benefits of Investing in Cryptocurrencies
Since you are a crypto investor, you can enjoy a large selection of benefits assisting you with the growth of your portfolio as time passes.
Cryptocurrencies are different than conventional securities because essentially these are simply pieces of paper. Crypto is a real asset you have the ability to control and possess fully.
We realize intangible assets are used to determine the value of cryptocurrencies. Despite this, real use cases hold up the value of the actual coins in the economy.
This means you can count on the fact the value of your coins will continue holding as time passes.
There is no centralized monetary authority used to back cryptocurrency. This means you do not need to be concerned about your portfolio value being disrupted due to a financial crisis occurring in one nation.
In addition, crypto has been provided with legitimacy by the United States government, many local governments and the Internal Revenue Service.
This means when you hold crypto your risk of exposure is reduced using a widely accepted and completely legal process.
How Safe is Your Investment?
When Coin IRA holds your coins they are extremely safe. You can effectively eliminate any concerns regarding potentially losing your funds to an attempt at hacking or an exit scam.
This is because Coin IRA can be relied upon due to strong safeguards implemented by the company to ensure all client funds are protected.
Hackers will not be able to steal your coins because Coin IRA stores them offline. In addition to all of this, the owner of Coin IRA is a highly reputable financial services business.
This company is subject to the laws of the United States. The track record for safeguarding client funds successfully is extensive.
Coin IRA vs the Competition
We believe knowing how Coin IRA compares to its competition is important.
Bitcoin IRA offers the best customer service, does not charge a yearly fee and offers a promotion to buy back crypto. The minimum investment is $3,000.
BitIRA offers the best education, charges a yearly fee of $300 and the minimum investment is $5,000. The company offered a free ledger as a promotion.
Coin IRA Customer Reviews & Ratings
Independent agencies for consumer protection have vouched for the excellent customer service, honesty and reputation of Coin IRA.
Coin IRA has maintained a rating of A with the Better Business Bureau and originally received accreditation in December 2017. The company has maintained its accreditation ever since.
TrustLink has issued Coin IRA a rating of five out of five possible stars. If you look at the website for TrustLink, you will see a history of extensive customer feedback offering more than 250 positive reviews.
A great overall reputation among the customer base has been maintained by Coin IRA. This has helped the company grow significantly during the last few years.
How To Get Started with Coin IRA
Request a free Bitcoin IRA guide. The company offers this guide to help you understand a large number of available options for investors interested in a good alternative to traditional securities.
Talk to a specialist in Coin IRA Bitcoin. The company will put a Bitcoin specialist on the phone to offer the assistance necessary for you to make the best decision for your investments as you enter the world of digital currencies and gain exposure.
Establish a Coin IRA account. When you decide the time it right to process, begin by initiating the process of immediately opening your account. This will enable you to start as quickly as possible.
Determine how much money you are interested in investing. While you are waiting for approval for your new account, figure out how much money you want to allocate for purchasing cryptocurrencies.
Fund your account. The company will provide all of the guidance necessary throughout the process to fund your account as soon as your account is opened fully.
Your loaded wallet needs to be placed in cold storage. Once you have purchased your crypto, you should consider taking advantage of the cold storage service available through Coin IRA. This will ensure your coins remain safe.
Should You Invest in Coin IRA?
You are the only one qualified to decide which investments are best for your specific situation. We recommend keeping Coin IRA in mind since they are the best provider currently available for any investor interested in purchasing crypto through a reputable financial institution.