BitcoinIRA vs BitIRA vs CoinIRA

BitcoinIRA vs BitIRA vs CoinIRA is a question as old as time. Each of them offers somewhere to invest your retirement savings, exposed to the crypto industry. Diversifying your portfolios hasn’t been any easier. Thanks to these companies, you can leverage your IRAs to purchase bitcoin.

 

BitcoinIRA

Honing their craft for over 5 years, BitcoinIRA happens to be the longest-running entrant on our list. Anyone who prefers working with an experienced brokerage ought to take a look at them, as they’ve got the most by far.

Main Features

Everything you invest with them is insured, up to $100 million. Finding somewhere with more coverage than them might be a taller order than expected. Still, by far, our favorite part of their business would be their easy online registrations. Getting started is as simple as filling out a form, along with your startup fees of course.

Services

BitcoinIRA offers two services primarily. First, they’ve got an array of cryptocurrencies, which you purchase from them directly. As of this writing, they’ll provide support for up to 9 different coins. Besides crypto, they’ve got some precious metals offerings as well. So, if you’d like to buy some gold while you are at it, they’ll be happy to help.

Fees

At the end of the day, how much will you pay, that’s the question. When it comes to BitcoinIRA, they’ve been rather transparent, making up for some of their stiff pricing.

Fee Schedule

• Initial Investment Fee of 10% to 15%:
  Each investment is subject to between a 10% to 15% initial investment fee, depending on size. Larger investments are hit with smaller fees, so you’ve got some incentive to make larger purchases.
• $240 Annual Custodian Fees:
  Maintaining an account with BitcoinIRA only costs $20 a month.
• $75 Asset Conversion Fee:
  Paying a small fee each time you convert assets doesn’t sound like a lot, but it adds up.
• 5% Buy and 1% Sell Fees
  Buying is 5 times more expensive than selling. So, you’ve got more than enough reason to hold onto your coins, hands clutched through downturns.

Types of Storage

Designed for better security, cold storage is always a win, protecting your investments time and again. That’s why we’ve been loving how easy BitcoinIRA’s cold storage system is. If you’d rather keep your coin offline, they’ll make it easy to retrieve them.

Insurance Coverage and Safety of Assets

Every account at BitcoinIRA has been secured with the latest cryptographic algorithms. Additionally, should something happen to your assets, they’ve insured every account to the tune of $100 million. So, unless you’ve lost more than that, you’ll be well-taken-care-of.

Customer Service and How to Open an Account

Opening an account with them is relatively straightforward. However, working with their customer service leaves a sour taste in your mouth. Still, their online applications make registering for an account so easy that anyone could do it.

 

BitIRA

BitIRA is as user-friendly as a well-designed bicycle. In other words, you’ve learned how to use it, you’ll never forget how. Their user interface may not be the prettiest in the world. Nevertheless, they’ve proven that substance still trumps class.

Main Features

They’ll match every dollar invested with insurance. Plus, anything you buy from them is kept safe in offline storage. They’ve gained some recognition for their intuitive security features, such as multi-encryption encoding.

Services

Operating since 2017, BitIRA specializes in Bitcoin IRAs. So, anyone who would like to diversify their portfolios ought to take a look at their accounts.

Fees

Does how much you pay matter if what you receive is of superior quality? Ultimately, that would depend on how much you can afford. BitIRA hasn’t been the worst we’ve encountered, but they aren’t far from it.

Fee Schedule

• $50 Setup Fee:
  To setup your account, you’ll have to fork over fifty dollars. Each time you set up an account, you’d have to pay an additional fifty-dollar fee.
• 295$ Annual Fee:
  Coming in at a little over 22$ a month, this isn’t the most expensive annual fee we’ve heard of. But, if you look around a bit, you’ll find plenty of less expensive options.
• Sliding Scale Fees for Offline Storage:
  The more you invest, the less you’ll pay. This sliding scale system rewards their largest investors. Thus, ensuring it’s easier to stay up once you’ve won.

Types of Storage

BitIRA’s claim to fame would be their impressive storage facilities. Everything purchased from their site is kept inside highly secure facilities. Plus, your coins will be put in cold storage while they are there.

Insurance Coverage and Safety of Assets

BitIra insures everything you invest with them, dollar for dollar. So, if you’ve been worried about how much you’ll risk, they’ve put those fears to rest.

Customer Service and How to Open an Account

Opening an account with them isn’t the easier thing in the world. Luckily, if you call them, speaking to customer support tends to solve any hiccups.

 

CoinIRA

CoinIRA has been performing exceptionally ever since they’ve been in the industry. First introduced in 2017, they’ve hardly had a negative thing said about them in all that time. Of course, you’ll have to come up with a sizeable minimum balance, $20,000.

Main Features

Anyone who would like to purchase bitcoin using their IRA funds would love to use this site. They’ve made it so easy to leverage your assets that’s it’s kinda difficult to comprehend. Even if you’ve never heard about crypto, they’ll hook you up with a consultant. That way, every investment decision has been fully informed.

Services

Their primary services would be Bitcoin IRAs. These accounts let users transfer funds from their existing retirement accounts and invest them in crypto. CoinIRA also has services for people who’d rather purchase precious metals, such as gold and silver.

Types of Storage

All of their accounts come complete with several different storage options. Meant for the security conscious, they’ve even got cold storage options. So, if you’d like to secure your coins as best as possible, keep them stored in their offline vaults. That way, nobody can access them without grabbing them in person.

Fees

The price you pay ought to be worth the quality of services received. At least, that’s how we’ve always been raised to believe. Luckily, it seems as though CoinIRA has been brought up along those same lines.

Fee Schedule

• $50 Setup Fee:
  To get started, it’ll only cost you fifty bucks, one time. Other than that, you’ll never have to worry about paying for transaction fees.
• $195 Annual Fee:
  Then, you’ve just got to cover less than $20 a month in annual fees.
• 0.05% Monthly Storage Fee:
  Everyone gets the same treatment here. No matter the size of your investment, you’ll pay a flat percentage fee. Every month you’ll pay 0.05% of your total balance.

Insurance Coverage and Safety of Assets

Up to $100 million in insurance, you’ve got plenty of protection for your assets. Besides such a comprehensive insurance policy, they’ve also got great security. Even a serious hacker doesn’t stand a chance against their 256-bit SSL encryption.

Customer Service and How to Open an Account

Either open an account online or speak to a representative. You can complete the online application to get started. Otherwise, their over-the-phone representatives ought to help. Doing everything online ought to be easier since you’ve got all the time in the world. Still, it’s nice to have both options.

 

Why Our CoinIRA Wins Our Recommendation

We’ll always keep our eyes peeled for game-changing players. And, we’ve got to say that we’ve found one. CoinIRA offers both superior service and affordable pricing.

Thus, bringing diverse portfolios within everyone’s grasp.

Best of all, you’ll pay less than you would with their competitor. So, its as if you’ve been given a sign, pointing towards CoinIRA. We’d recommend them to anyone who is interested in Bitcoin IRAs.