What is a Crypto IRA?
With a crypto IRA, investors can use their retirement savings to build a diversified portfolio of cryptocurrencies (digital assets) without incurring taxes (capital gains) on their profits.
Definition:
A crypto IRA (Individual Retirement Account) is a type of retirement account that allows investors to hold and trade cryptocurrencies in a tax-advantaged way.
Richard Knight
5 Best Crypto IRAs
- iTrust Capital - Best Overall IRA
- Bitcoin IRA - Excellent for Rollovers
- BitIRA - Best to Ease of Use
- Coin IRA - Top for Customer Service
- Broad Financial - Best Suited for Experienced Investors
The Best Crypto IRAS:
Here are our top choices for crypto IRA providers:
iTrust Capital
This company has been in operation since 2018 and has become one of the more popular IRA providers because of its low rates when compared to other IRA custodians. This IRA provider has a diverse selection of cryptocurrencies to choose from, including precious metals.
Services & Offerings:
iTrust Capital will help with all phases of the IRA, including IRA setup, tax reporting, platform support and maintenance. All trades are settled within 5 minutes and the platform is available 24/7.
Minimum Investment: $1,000 initial deposit + $500 for subsequent deposits
Trade Minimum: $30
Cryptocurrencies Offered: Bitcoin, Litecoin, Bitcoin Cash, Ripple, Stellar, Polkadot, Chainlink, Sushi, Polygon, EOS, Uniswap.
Bitcoin IRA
Originally founded in 2016 and the first company to offer crypto IRAs, they have been in this market longer than any other provider and offer a wide range of cryptocurrencies to choose from for their IRAs. The platform is easy to use for both new and experienced investors.
Accounts can be opened within a few days of submitting the application and they offer 24/7 trading on their platform. In addition to IRAs, they also offer Bitcoin 401(k)s. Users also have the opportunity to invest in gold.