Coin IRA, one of the first companies to offer cryptocurrency IRAs, was formed in 2017 and maintains BBB’s highest A+ rating. Customers can choose from a self-service option or have an expert guide them through the process from start to finish. Customers can transfer all or part of their existing, eligible retirement accounts or fund an IRA account with their IRS allowable contribution from a checking or savings account. Coin IRA recently added the capability to establish Individual Non-IRA Custody accounts and an expanded list of 19 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Cryptocurrency IRAs with Coin IRA offer diversification for your retirement portfolio.
Coin IRA Review
Coin IRA’s self-trading platform simplifies Cryptocurrency IRAs with an easy, secure account setup and funding process. Once your account is funded, you can simply execute trades on your own or call customer support for assistance. Coin IRA’s custodian, Equity Trust Company, insures your Bitcoin, Ethereum, and other digital assets and provides free cold storage for their ultimate protection.
Pros
Easy account setup
No monthly or storage fee
Highly specialized IRA consultants
Weekend hours by appointment
Cons
1.25% trade fee
Coin IRA Services
Coin IRA offers an easy way to establish self-directed IRAs holding cryptocurrencies. Opening a cryptocurrency IRA is an excellent way to diversify your retirement portfolio with a portion of your savings. Coin IRA gives you the option of investing pretax dollars in a traditional IRA or post-tax dollars in a Roth IRA. Either cryptocurrency IRA allows gains to grow tax-free.
In addition to 19 cryptocurrencies, Coin IRA clients can trade three precious metals – gold, silver, and platinum – in whole or fractional amounts at the lowest possible margins in the same free account with free metals storage.
Coin IRA is the only company on our best cryptocurrency IRA companies list that offers cryptocurrency trading outside of an IRA. Digital currency consultants execute live trades and then move digital currency to a secure wallet.
You can ask Coin IRA consultants any questions about Bitcoin, Ethereum, Litecoin, XRP or other virtual currency.
Security is a concern for cryptocurrency investors because the values change frequently and there is no U.S. government backing. However, Coin IRA takes several measures to ensure your retirement savings stay safe.
Digital assets are held in the custody and control of Coin IRA’s custodian, Ledger Enterprise. Account holders’ metals are stored at Brink’s Salt Lake City.
Your personal consultant will explain Coin IRA’s choices for creating a security plan you feel comfortable with.
Custodial Storage
Data Security
Insurance
Insured, military-grade encrypted, cold storage
Industry-leading cybersecurity tools, practices and technology
With Coin IRA, there are no setup fees, monthly or annual maintenance fees, or fees for insured cold storage, but there are some transaction fees. For self-trading, Coin IRA’s transaction fee is 1.25% on buy trades and 1% on sell trades. As of 2024, Coin IRA no longer charges an additional fee for assisted trades. Coin IRA has a minimum investment of $5,000.
How to Open a Coin IRA Account
You can visit the Coin IRA website to open a free account in less than 10 minutes or call the number on their website to speak to a specialist about opening a cryptocurrency IRA
Coin IRA Complaints
Coin IRA holds an A+ rating with the Better Business Bureau and a 5-star Google reviews rating. ConsumerAffairs recommends considering Coin IRA because it offers free consultations before you commit to investing. Gold IRA Guide rates Coin IRA 4 out of 5 stars.
RetirementInvestments gives the company a 5-star review, but the details are dated. Some reviews point out a high Trustpilot score, but we only found one Coin IRA rating on Trustpilot from 2021. Overall, we found no Coin IRA complaints online.
Coin IRA FAQ
Do Coin IRA accounts follow the minimum distribution rules for other IRAs?
Yes, Coin IRA accounts follow the same regulations as all other IRAs. You can’t avoid the required minimum distributions with Coin IRA.
What drives the value of a Coin IRA account?
Demand for cryptocurrencies will increase as they become more widely adopted. Many digital currencies have a fixed supply, so the price should increase with demand. Retirement investors can take advantage of the gains Coin IRA can provide.
How does investing with Coin IRA compare to a gold IRA?
Cryptocurrency IRAs and gold IRAs can provide a hedge against inflation and devalued standard currencies. Digital currency and precious metals values can change rapidly, but cryptocurrency has the potential for greater appreciation as its use increases.
Can I fund a Coin IRA account with a rollover?
Yes. Most investors choose to create an IRA rollover to fund a digital currency IRA. A Coin IRA specialist oversees the rollover process to ensure everything goes smoothly and you’re not subject to IRS penalties.
Does Coin IRA insure holdings in a cryptocurrency IRA?
Custodians provide insurance for digital assets. IRS regulations require a custodial company to manage all types of IRAs. Coin IRA says it works with various custodians, so ask your consultant about your options. Then discuss insurance with your choice of custodian.
Conclusion
Coin IRA provides a bridge between you and the digital wallets, exchanges and IRA custodians necessary for an IRA. Cryptocurrency IRA experts offer excellent customer service to create that bridge. Coin IRA provides more options than much of the competition for customizing the security layers protecting your retirement assets.
