Today we review Bitcoin IRA for you. What is Bitcoin IRA? How does it work? Is it legit? Should you look at other alternatives instead? This is a few of the questions we help you answer today!
Name of the Company: Bitcoin IRA
Official Website URL: https://bitcoinira.com/
Overall rating: (4.5 / 5)
Recommended? : No
The last two decades have been characterized by major ups and downs in the global economy specifically in the money markets, as a result of the occurrence of significant economic and political events. This has led to the need to have more assets classes established, in a bid to help investors diversify their portfolio. One of the major results has been the creation of Bitcoin IRAs, which simply have cryptocurrencies as the underlying assets. With the bitcoin IRAs mushrooming in every corner of the world, it has become quite essential for people to know the characteristics of each firm, in terms of what services they offer and whether they guarantee the security of the underlying assets, the cryptocurrencies. In this article, I shall, therefore, go through BitcoinIRA, as I try to establish whether it is a company that you can trust. I shall do this by finding out (in order):
- What this company is about
- How it works
- Which products and services it offers
- Whether it is genuine
- Whether there are any investment opportunities in this company
- What its outstanding pros and cons are.
- Are there better alternatives out there?
What is Bitcoin IRA?
BitcoinIRA claims to be the world’s first largest and most secure cryptocurrency IRA. It also claims to be the leading full-service solution that lets investors from all walks to invest their cryptocurrencies, that is Bitcoin, Ether, Ripple, Litecoin, Bitcoin Cash, and Ethereum Classic, in a well-structured cryptocurrency IRA. This company believes in making the investment process way simpler and safer than what has been portrayed by other firms in this niche, in order to allow more investors to try out their chance with investing for their retirement through a cryptocurrency IRA.
You cannot go wrong with this company’s transparent and straightforward processes that enable you to achieve the retirement goals you have already set. This company offers a 24/7 self-trading platform, which happens to be the only one of its kind in the world. With the promised security for your assets, you cannot simply forego the opportunity of having a trustworthy and customer-centric company provide the structure of your cryptocurrency IRA.
How does it work?
In order to enjoy the benefits offered by BitcoinIRA, you have to create a new account. This company requires that you provide your: first name, last name, phone number, email and a new password.
Upon submitting these details, you are required to verify your email. Once you have done this, you can then access your full dashboard.
You can then self-trade in real-time, 24/7-Once you have funded this account, you can begin trading digital assets through the proprietary platform.
You have the liberty to buy assets, sell assets or even swap them at any time, by simply accessing the self-trading area that is within the dashboard.
Products and services offered?
With BitcoinIRA being a cryptocurrency IRA, it mainly offers services and benefits that clients can find value in, and decide to pay for. Some of the main perks of working with BitcoinIRA include:
1. World-class security offered by BitGo- Clients who have cryptocurrency IRAs created under BitcoinIRA get to enjoy the security offered by BitGo Trust. BitGo Trust provides a BitGo Wallet, which has up to date processed 15% of all Bitcoin transactions in the world, and hold more than $2 billion in assets.
2. Custody Insurance –BitcoinIRA has your custodial assets insured for $100 million. This insurance cover is provided through BitGo Trust in conjunction with Lloyd’s of London, which is world-class insurance and re-insurance company.3. Official Third-party Administrator- in order to maintain the highest levels of professionalism in the industry, BitcoinIRA has positioned itself as the new Third party administrator for BitGo Trust.
4. Self-Trading Proprietary platform- As discussed above, BitcoinIRA offers the one and only self-trading crypto IRA platform that investors can use to trade at any time of the day, from any point in the world.
Is Bitcoin IRA a Scam or is it Legit?
Bitcoin IRA is, by all means, a legit company that offers genuine services to its clients. there is a number of reviews given by customers on the online consumer sites. On BirdEye, BitcoinIRA has an average rating of (4.7/5) stars, based on 667 reviews, which is quite impressive. Most customers point out the ease of use and the quick application process. One of the customers happily states about he had his question responded to in about three minutes.
Bitcoin IRA also has a rating of (4.6/5) stars on Google. Again, most customers laud this company for the use of its platforms, and excellent customer service.
On BitcoinIRA’s website, you can view the managerial staff. The company’s Chief Executive Officer is known as Camilo Concha. Concha teamed up with Johannes Haze and Chris Kline to form Bitcoin IRA, which has since then been a world-class institution in as far as the provision of cryptocurrency investment for retirement is concerned. Doing a quick online search for these three partners reveals that they are actually real people whose expertise in the provision of financial services is beyond question.
At BitcoinIRA, you have the opportunity to grow your wealth through the self-trade IRA platform. By rolling over the funds you have in your bank account or an existing 401(k) account, you can begin trading from any region in the world with the much-desired ease. With the access to the buy, sell and swap functions, you can manipulate your assets as much as you want to, in a bid to create the extra investment income.
Pros and Cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Up to $100 million custody insurance for your assets
– Full phone support ‘
– Good customer reviews
– World-class security through BitGo Wallet
– 100% offline storage of digital assets (cold storage)
– Allows you to invest in multiple currencies
– Easy to use (dashboard)
– The actual custodial costs are not revealed beforehand.
Do You Own or represent Bitcoin IRA?
If you are a representative, or associate of BitcoinIRA and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final words and verdict
Overall rating: (4.5 / 5)
Ok, I think that sums up the overall view of BitcoinIRA pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many similar services out there. I have many IRA service providers listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments. You can find the best from 2 worlds that I can recommend below:
I hope you found this short review of Bitcoin IRA to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com
- Safe storage
- Insured investment
- Simple process
- Not transparent about fees