By now, I am sure you have heard about the rising popularity of Bitcoin at some point. And if haven’t, you are surely missing out on a lifetime opportunity.
For those who haven’t heard about Bitcoin, here is a simplistic explanation.
Bitcoin is the world’s first fully functional digital currency. Read Bitcoin’s beginners guide.
Also, for those hearing about the Bitcoin for the first time, I would strongly recommend involvement ASAP.
I am telling you this not because its a ‘get rich quick’ scheme, but because there is more to that. Bitcoin is real money and not the worthless fiat papers that you HODL.
Bitcoin, since its inception, has endured many upheavals and proven to be inflation proof till date. Even during the Greece crisis or during the Cyprus crisis Bitcoin proved to be a safe store for your wealth.
That is why I said it’s not a get rich quick scheme but an insurance against ever-growing inflation.
Many citizens across the globe have started investing in Bitcoin for their retirement and some countries have legalized Bitcoin investments for retirement (United States being one such country). Such retirement plans are called Bitcoin IRAs and to make such investments you need to go to specialized IRA companies.
Note: IRAs are Individual Retirement Accounts that have tax benefits too. Apart from Bitcoin, these IRAs can be now filled with Ethereum too. Read more about US IRAs here.
I have already covered detailed insights on Bitcoin/Ethereum IRAs and IRA companies in my previous write-up so I will not repeat that but I will surely recommend you to go through it for a better understanding.
And for those who have already made up their minds about investing in Bitcoin/Ethereum IRAs by reading the aforementioned article, I will list the best Bitcoin/Ethereum IRA companies.
Top Bitcoin & Ethereum (Cryptocurrencies) IRA Companies In 2017
1. Bitcoin IRA
Bitcoin IRA is the world’s first Bitcoin and digital currency IRA company based out of USA.
They are the very first company who brought this concept to the market in 2015. They are backed by the US government. To make this concept successful, they work with leading financial experts in the industry and also exercise the highest quality of security to make sure their customer’s cryptocurrency funds are safe.
They have to do this because of the nature of cryptocurrencies like Bitcoin, which are quite fragile and can be stolen or lost if not stored properly. They use multi-signature wallets such as BitGo, a multilayer system to provide maximum security for your Bitcoin IRA.
They started off with Bitcoin for IRAs but now they have expanded to other cryptocurrencies too, which means now you can also include Ethereum, Litecoin, Ripple and Bitcoin Cash in your crypto IRA.
Note: It is currently for US investors.
CoinIRA is the subsidy company of Gerson Financial Group LLC which is a reputed firm of US dealing in precious metals, traditional IRAs, and 401 K plans for the US citizens.
And recently with the advent of cryptocurrencies like Bitcoin and Ethereum, they have started approved IRA services for people who would like to hold cryptcoins in their portfolio.
And if you have an existing IRA then you can rollover that IRA or 401 K into digital currency IRA through CoinIRA.
The company is good and reliable and even recommended by former US Senator Ron Paul.
3. Regal Assets
Regal Assets is an old player of precious metal industry where they invest in precious metals like Gold and Silver.
Using that reputation, they have also launched themselves into digital gold i.e. Bitcoin.
They have their Bitcoin IRA service under the name of RegalWallets which provides services of custodianship, cold storage, and consultancy of its IRA crypto investors.
Currently, they only allow Bitcoin IRAs but at the same time provide a reliable track record of handling such IRAs funds, after all, it is for your retirement so you need reliable players for this task.
You can start investing in their IRA with as low as $5000 which includes their fees and other protections like disaster insurance, theft protection etc.
Note: Available to US investors as well as international investors.
Broad Financial is a specialized and established company that allows its users to invest in self-directed IRAs. They have been in the business for 14 years now, having started their operations in 2004. It supports Bitcoin and Ethereum compliant IRAs too.
Their fee structure is quite unique and cheaper than its other crypto IRA peers. They charge a flat one-time setup fee plus a flat yearly fee which doesn’t depend on your profit rates.
Also, their cheaper fee doesn’t mean they are compromising the security of your crypto assets. Instead, they give the private keys to HODL it with an IRA compliant plan plus consultancy. Check out their introductory video below.
Note: It is currently available only to US investors.
Bitcoin And Cryptocurrency IRA Companies
As Bitcoin and other cryptocurrencies are growing and proving to be a safer hedge against inflation, many established IRA companies are looking to add them.
However, there are a lot of legal procedures and do’s and don’ts while getting a crypto IRA. Moreover, you need a trustworthy custodian as required by the laws of many countries. So if you end up doing this part wrong, your hard earned money for a comfortable post-retirement life may vanish in a flash.
Many more companies that are reputed and have some background in maintaining such critical investments are mushrooming with every passing day but one needs to review them thoroughly.
And that’s what we do here at CoinSutra. We review and analyze the best for you.
Some more Bitcoin and cryptocurrency companies that are on my radar for review are:
I have listed them here not as an investment advice but for your own research and feedback.
It would be great to hear from you. Have you invested in Bitcoin IRA? Which IRA company have you chosen? How has been your experience with them so far? Did I miss any notable IRA company in this list?
Please use the comment section below and write back.
Here are a few more hand-picked articles for you to read next:
- How To Instantly Buy Ethereum With A Credit/Debit Card
- Popular Websites To Buy Bitcoins Instantly Using Debit/Credit Card
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Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in fintech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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