Today we review the company IRA Bitcoin for you. What is IRA Bitcoin? How does it work? What services do they provide? Are there better alternatives out there for you? This is a few of the questions we help you answer today!
Name of the Company: IRA Bitcoin
Official Website URL: https://irabitcoin.com/
Owner: IRA Bitcoin
Overall rating: (3.5 / 5)
Recommended? : Not recommended
Most customers, more so when it comes to the service industry, are always looking for how reliable a company is. Nobody wants to risk their money by putting it in the hands of people they do not trust. Consumers also want to see this reliability extended to the service delivery process. The essence of this review is to establish whether IRA Bitcoin is a reliable company. In order to determine this, we shall look into how this company works, which products and services it offers, what comments and ratings are given on consumer trust sites for this company, as well as the main pros and cons that one can expect if they decide to rely on what it offers.
What is IRA Bitcoin?
IRA Bitcoin has managed to build its name as one of the most reputable financial services providers, in as far as the provision of innovative solutions for all investors and other clients seeking to buy and hold cryptos is concerned. This Calabasas (in California) based company is able to help the clients who want to have their digital currencies held in a tax-advantaged 401 (k) account.
IRA Bitcoin has managed to create strategic partnerships, in order to offer the best services in this market niche. The main partners who help this company run its core business are renowned IRA custodians, well-established cryptocurrency exchanges, as well as secure digital wallet providers. With these key players on board, the team at IRA Bitcoin is able to offer its clients a simple, secure, and IRS-compliant process and environment, in which they can carry out fund transfers, execute various transactions and settlements, and open accounts.
This company has a very excellent team that is comprised of very experienced and knowledgeable financial professionals who see to it that clients who visit this company walk away very satisfied.
How does it work?
Under the able leadership of Anthony Allen Anderson (the company president), IRA Bitcoin is able to serve its clientele through a defined mode of service delivery. Clients who want to securely invest in cryptos such as Bitcoin, Ethereum, Litecoin, and Ripple by rolling over the funds in their IRA can easily begin doing so by following a number of simple steps, as shown below:
1. Download and fill out the Customer Agreement provided by IRA Bitcoin LLC
2. Lock in the price of the digital currency at the current moment, in a bid to secure your investment against the volatile digital currency prices.
3. Create and fund your account with one of IRA Bitcoin’s approved IRA Custodians.
4. Buy your preferred cryptos and store them in a hardware wallet that provides you with an offline cold storage solution that is backed up with a unique 24-word mnemonic code. This approach secures your cryptos from hardware malfunctions as well as cyber-attacks.
5. Control your digital currency as you please. You can liquidate your cryptos into other physical currencies or cryptocurrencies, precious metals or other recommended assets.
Products and services offered?
You should not expect to have a very uniquely-branded product or service at this company. In fact, you can get an idea of what this company is all about by reading the words presented on its official website’s homepage: “Add Bitcoin”. What therefore can we say that this company offers?
Simply put, IRA Bitcoin offers you a service that enables you to add cryptocurrencies into your IRA-funded portfolio of retirement investments.
All that you are required to do is to contact the support team at this company to confirm that your IRA is eligible to invest in cryptos, move the funds in your IRA to your newly created account, and then purchase the cryptos which you should store in a secure digital wallet. IRA Bitcoin partners with the companies that offer these services and oversees the whole process, until a client has their own cryptocurrency (or Bitcoin) IRA.
Is it a scam or is it legit?
IRA Bitcoin is a legit company that is out to offer quality and professional services to all customers. We can tell this from the reviews given by its clients who have relied on its services in the past. The reviews given on this company’s official website point to it being a reliable company. The testimonials reveal that IRA Bitcoin actually takes client education very seriously.
There are unfortunately no other concrete customer reviews on any consumer review sites, which is one factor that would lead to clients being very paranoid about doing business. This fear is however neutralized by other pieces of information about this company that are very instrumental in the creation of the desired trust.
To begin with, IRA Bitcoin is BBB Accredited (https://www.bbb.org/us/ca/calabasas/profile/virtual-currency/ira-bitcoin-1216-723186). Since BBB looks into a business’s professional conduct in order to give its ratings, an A rating for IRA Bitcoin shows that it is a reliable company.
Second, there are contact details that are provided on this company’s official website, which you can rely on to personally build a rapport with IRA Bitcoin. These include:
Physical Address: 5023 Parkway Calabasas, Calabasas, CA 91302-1421
However, if it is the best alternative out there is another story. Our recommendation is to compare different alternatives against each other before you make any decisions. Especially beware of the fees associated.
Keep in mind that there are companies with hundreds and even thousands of happy clients and testimonials.
==> This particular company got the lowest fees (+thousands of reviews)
IRA Bitcoin offers investors the opportunity to create an income by having the funds from their 401 (k) account rolled over into a cryptocurrency IRA, through which they can earn investment income. This company has a team of financial experts who help you create an IRA Bitcoin account and begin investing in cryptos as part of the plan to secure your retirement years financially.
Pros and Cons
It is always smart 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:
-Professional services are offered (is BBB accredited)
-Allows you to invest in several cryptos
-Secure wallet provided
-Takes client education seriously
-Lacks consumer reviews on consumer trust sites
– The costs of its services are not clearly indicated.
Do You Own or represent IRA Bitcoin?
If you are a representative, or associate of IRA Bitcoin 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
Verdict: Not recommended
Overall rating: (3.5 / 5)
Ok, I think that sums up the overall view of IRA Bitcoin 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 IRA Bitcoin 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