BitcoinIRA vs Regal Assets vs CoinIRA

BitcoinIRA vs Regal Assets vs CoinIRA seems like a relatively straightforward matchup, at first glance. However, when comparing Bitcoin IRAs, one must look at them from an objective perspective.

Even minor differences create huge change, especially when it concerns your retirement funds. Each company we study is evaluated based on its merits. In other words, what does it offer and for how much?

Moreover, how does it feel working with them as the customer?

 

BitcoinIRA

BitcoinIRA’s primary distinction would be their product selection. They’ve got both cryptocurrency assets along with traditional gold. You’ve even got the option for other precious metals as well.

Besides, with such a spotless track record, despite operating since 2017, you’ve got to take notice.

Main Features

How does BitcoinIRA stack up in terms of their services? Simply offering a product won’t suffice. They’ve got to be worthwhile.

IRA Tax-Advantaged Investments:
When you work with BitcoinIRA, they’ll assist you with tax-advantaged investments. Leveraging your IRA funds is easy, thanks to their simple and intuitive process.

24/7 Trading:
Would you like to place trades around the clock? Live trading benefits both you and them. You’ll always have access to your portfolio, and they’ll earn those commissions.

Types of Storage

Stored in solid-state drives, each digital asset you send them is kept safe and sound, providing peace of mind. You could’ve let them store your assets on their brokerage.

However, they’d rather keep those coins in cold storage.

Fees

Fee Schedule

• All Initial Invests Are Subject to a Fee of 10 to 15%:
• $20 Monthly Custodial Fee:
• $75 Asset Conversion Fee:
• 5% Buy Fee/1% Sell Platform Fee:

Insurance Coverage and Asset Safety

Anyone who invests with BitcoinIRA is protected, assets secured by a $100 Million insurance policy. Even if something were to happen, you’d be well-compensated. So, unless you’ve got more than that in an account, there’d be no losses.

Customer Service and Opening an Account

Customer service might’ve been among their least impressive qualities. Of course, that is not to say they’ve been slouches. You apply online, and customer service will assist you through email. To open an account, initial investments must be at least $3,000.

 

Regal Assets

Regal Assets has been providing investment services since 2010, making them the oldest company on this list. However, crypto has only been a part of their offerings for the last 4 years. Anyone who has the cash to make their initial $25,000 deposit ought to consider them. They’ve been a solid service provider for years.

Main Features

IRA rollovers are Regal Asset’s bread and butter. By taking the funds in your IRA, you can diversify into cryptocurrency, all while avoiding taxes. They’ve got a full array of coins, up to 14 different options. So, if you’d like to squeeze some crypto into your retirement planning, Regal Assets might be worthwhile.

Types of Storage

By default, you’ll have all your assets stored in their online brokerage. If you’d like to withdraw your assets, speak to one of their representatives. They’ll walk you through how to transfer them into cold storage.

Fees

Fee Schedule

• $100 Annual Administration Fee:
  Everyone who owns an account pays the same fee, no matter their account size. Compared with sliding scales, it seems as if small investors benefit the most.
• $150 Yearly Storage Fee:
  Anyone who stored their assets in Regal Assets vaults will have to pay a yearly fee. Although at just over $10 a month, it’s hardly a bad deal.
  

Insurance Coverage and Asset Safety

They’ve ensured all assets up to $250 Million, the largest policy on this list. So, if you’ve got a sizeable portfolio, they’ll keep it safe. Protecting assets from fraud is their specialty.

They’ve implemented an advanced security protocol, using 256-bit encryption. That way, whenever you go on their site, you’ll never have to worry about hackers.

Customer Service and Opening an Account

Opening an account is quite simple. Just give them a call, and their agents ought to walk you through everything. They’ve got a talented team who love answering your questions.

Not to mention, customer service is available around the clock, making them simple to work with.

However, you’ve got to speak with them over the phone. All accounts must be opened through a customer service rep, so you can’t do everything online.

 

CoinIRA

CoinIRA focuses on cryptocurrency, specializing in cryptocurrency IRAs. These let you transfer funds from existing retirement accounts, and use them to invest in crypto. With only a $20,000 minimum balance, starting an account doesn’t take much, letting nearly anyone participate.

Main Features

CoinIRA was founded 4 years ago, in 2017, when they were split from Goldco, an existing precious metals IRA provider.

Now, they’ve built a reputation based on serving customers with excellence. Cryptocurrency consultants are available to all customers. They’ve been armed with knowledge on all the latest coins. That way, even beginning investors can invest intelligently.

Types of Storage

You’ll have several options as to where you’d like to store any coins. Everyone’s coins start off in their brokerage wallet, hosted online at the company’s secure server facility.

Once you’ve purchased your coins, transferring them into a cold storage wallet is easy.

Just initiate the transaction where you can see your balance. Then, you’ll see the notification on the blockchain.

Fees

Why would anyone pay more for something when they’ve got the same quality available somewhere else for less? Well, when you’ve got a fee schedule like CoinIRA’s, that’ll be a tough question to answer.

Fee Schedule

• $50 Setup Fee:
  Compared to many other companies, these setup fees are minuscule.
• $195 Annual Maintenance Fee:
  Less than 20$ a month in maintenance fees shouldn’t break anyone’s bank.
• .05% Monthly for Cryptocurrency Storage:
  As the size of your portfolio increases, so will your monthly storage fees. However, you can also put your coins into your own personal wallet, and then you’d avoid fees entirely.

Insurance Coverage and Asset Safety

At CoinIRA, all coins have been stored securely. Plus, all assets have been insured to the tune of $100 Million. Even a successful hacker won’t bankrupt you. However, thanks to their advanced 256-bit encryption, you’ll never have to worry about that in the first place. You could even store your coins in cold storage, taking them offline entirely.

Customer Service and Opening an Account

Above all, working with CoinIRA is as simple as anything could get. You’ve got both online and over-the-phone customer service support. So, if you’d like to start an account, you can choose either option. Thus, making things simpler for the customer.

 

Why CoinIRA Has Won Our Top Pick

We had seen plenty of crypto IRAs prior to evaluating this bunch. Still, stacked up against their competitors, CoinIRA stands tall among the pack. Sporting a massive $100 Million insurance policy, you’ll have plenty of peace of mind storing your coins with them.