What is CBMint? Do its services stand out from what its competitors are currently offering? Is it one that brings genuine investment opportunities that you can take up as you go into your retirement years? Join me as we explore these and more questions in today’s review.
Name of the company: CBMint
Official Website URL: https://cbmint.com/
Overall Rating: (3.5 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on CBMint!
What is CBMint?
CBMint exists as a premier online retailer of precious metals. This company’s sole objective is to make sure that customers get the highest possible level of satisfaction as CBMint delivers the best products at the most competitive prices.
Currently, CBMint’s headquarters are in Texas USA, from where serves its clientele. The firm was established by a group of investors who were out to achieve the investment objectives that most of their clients have in mind. Their belief is that precious metals should be part of any investment strategy that’s aimed at securing a future for investors and their family members.
The Services offered
CBMint claims to be the best place to purchase gold and silver online. Its existence is all about ensuring that you access these high-quality precious metal bullion. This lets you go about the investment process without the fear that you received low-quality precious metals which would otherwise not give you any returns.
Like most of the other precious metal dealers in the industry, CBMint has an ecommerce system that you can rely on to purchase the products that you need to build on your retirement investment portfolio.
How does CBMint Work? (How to Get Started)
We have already established that CBMint is out to help its customers access legit precious metals in various forms. As a new customer, therefore, you should be familiar with the process that you should follow as you make the purchase. To get started, you should create an account with this company, by clicking on the “create an account” button on the official website. Creating an account is all about the provision of personal details such as your first and last name, email address, and password.
With a functional account, you can begin shopping for precious metals on CBMint’s ecommerce platform. The shopping process is quite straightforward since it involves picking your preferred bullion, adding it to the cart, and proceeding to the checkout process. If you experience any challenge at any point, you can reach out to the customer support staff for help.
After having explored the e-commerce system run by this company, I think it’s one that still needs to be refined. There are a couple of dead-ends, in which it wasn’t easy to view any other products, even when it was expected that clicking on a certain button/link would lead me to a page with precious metal products.
Does CBMint offer IRA services?
No. However, CBMint has, through a partnership with The Entrust Group made it possible for its customers to open a reliable precious metal IRA. The Entrust Group is an IRA custodian service provider that customers in the USA can rely on. Starting a precious metal IRA through CBMint should not be hard, as we shall see in the section below.
I tried looking for the IRA-approved precious metals that CBMint offers to its customers, but I was unfortunately hit with broken links. It’s therefore hard to even believe that this company’s services are very reliable if one cannot view the product offerings.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open a Precious Metal IRA with CBMint?
To set up a precious metal IRA with CBMint as your precious metals supplier, you should follow the steps described below:
Open and Fund a Self-Directed IRA
You should start by opening a self-directed IRA with The Entrust Group by visiting their official website or using the download link provided by CBMint. Customers with pre-existing IRAs should simply fill the Transfer form if they wish to roll over the funds in their IRAs.
Buy Precious Metals to fund your IRA
Upon the approval of your account by The Entrust Group, and the reception of your funds, you can start buying the IRA-eligible precious metals. CBMint claims to offer a wide range of bullion and coins that approved for use in Gold IRAs, so you can turn to them for this service.
Upon purchasing the precious metals, CBMint will step in to contact The Entrust Group (now your custodian), to send them an invoice for your order. The Entrust Group meets the costs of the purchase by deducting funds from your IRA.
CBMint ships the precious metals to a depository
The IRS has made it quite clear that those who own precious metals that are linked to an IRA should not store the metals by themselves. The IRA-approved precious metals should be held in a depository. CBMint gives you a choice of 8 depositories that you can have your precious metals sent to. All the metals are fully insured as they’re being transported to your preferred depository.
See my #1 Recommended Gold & Silver IRA Solution on this page
Payment methods accepted when paying for precious metals
As of now, CBMint allows its customers to pay for the products they purchase using the following options:
- Credit Cards (American Express, Visa, Discover, and MasterCard)
- Bank Wire
- Paper Check –certified check, cashier’s check, personal check.
N.B.: CBMint requires you to submit your Credit/Debit Card number even when paying for your products using paper check.
Does CBMint have minimums for storage?
I didn’t come across any information that points to CBMint having minimum storage requirements. I, however, established that the minimum order value is $500, hence you should factor in this when making your orders.
Does CBMint buy precious metals from individual sellers?
Yes. This company allows you to sell the precious metals held in a depository. You should, however, meet the following criteria:
- You should be a registered customer for not less than one month.
- Have a valid telephone number.
- Must have at least 10 successful transactions via CBMint.com. (or previously purchased products worth $3500)
- The precious metals you’re selling should be name-branded bullion products on CBMint.com
- The products must pass independent inspection.
Is CBMint Genuine or Is It a Scam?
CBMint is genuine, in my opinion. It is a BBB-accredited business that has an A+ rating. Customers have also given it an average rating of (3/5) star rating. There are companies in this industry that have a 5-star rating from very many customers to means that CBMint has a long way to go as far as ousting its competitors is concerned.
Customers who have given their reviews are either simply happy that they received their products in good form, or are not happy that they didn’t get what they ordered for, or their orders were canceled. Having reviewed a couple of companies in this industry, I think such feedback is one that would make me not get very vocal about recommending CBMint to serious investors.
**Have a look at how these top-rated alternatives to CBMint that offers precious metals IRA Services are matching up
Pros and Cons
- A+ rating on BBB
- Several modes of payment accepted
- Free shipping to some areas
- Doesn’t accept payments in Bitcoin
- A website not very informative and intuitive
- Negative feedback from customers
- Prices not disclosed
Do You Own or represent CBMint?
If you are a representative, or associate of CBMint and have found something not to be correct in this review please, feel free to tell us 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 simply by sending us an e-mail to firstname.lastname@example.org.
Overall Rating: (3.5 / 5)
CBMint promises to deliver excellent services and products and services to its customers. Customer reviews reveal that it still has a long way to go with this. Its website is, for instance, once that’s not very effective, and one that would give you a hard time as you look for and shop for products. Without its own IRA services, and other non-traditional investment alternatives, CBMint is lagging behind its competitors. I’d therefore suggest that you take a look at what other alternatives have to offer before trying out this company’s services and products.
That will be all for today’s review on what CBMint is about. Still, got questions about it? Let me know in the comments section. Also, reach out to me if you need some guidance on how to start investing for retirement through precious metal IRAs.
I wish you well,
Eric, Investor and Team Member at Gold Retired!