• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Cult Of Money

Cult Of Money

Intersection Of Personal Finance And Cryptocurrency

  • About
  • Podcast
  • Contact
  • Cryptocurrency
      • How To Start

      • What Is Cryptocurrency And How To Invest?
      • What Is Bitcoin And How Can You Invest In 2025?
      • How To Invest In Ethereum (ETH)?
      • Most Common Crypto And NFT Scams (And How To Avoid Them)
      • Proof Of Work vs. Proof Of Stake vs. Proof Of History
      • How To Invest In Crypto In Your IRA Or 401k
      • Tools + Resources

      • Best Cryptocurrency Exchanges
      • Best Cryptocurrency Wallets
      • Best Crypto Savings Accounts
      • Best Tax Software For Crypto And NFT Traders
      • Reviews

      • Coinbase Review
      • Gemini Review
      • Binance Review
      • Ledger Wallet Review
  • DeFi
      • How To Start

      • What Is DeFi?
      • What Is Staking Your Crypto?
      • Centralized vs. Decentralized Exchange
      • Tools + Resources

      • Uniswap Review And How Do Decentralized Exchanges Work?
      • Reviews

  • NFT
      • How To Start

      • What Is An NFT?
      • Tools + Resources

      • Most Popular Play-To-Earn Crypto Games
      • Popular Projects

      • What Are VeeFriends And Are They Worth It?
      • Bored Ape Yacht Club NFTs Are Popular (And Expensive)
      • What Is The Sandbox And How Can You Play?
      • Why Visa Bought A CryptoPunk
  • Latest News
  • Personal Finance
      • Banking

      • Investing

      • Tax

      • Income Tax Prep Guide
      • Bookkeeping And Accounting For Crypto And NFTs
Cryptocurrency, Retirement Planning

BitIRA Review | Alternative Crypto Investing For Your IRA

By Tom Blake • May 22, 2022

At The Cult of Money, we want to help you navigate your finances. To do this, many or all of the products featured here may be from our partners who compensate us. This doesn’t influence our evaluations or reviews. Our opinions are our own. Any investing information provided on this page is for educational purposes only. We do not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. Investing in cryptocurrency and crypto assets is high risk. Don’t invest unless you’re prepared to lose all the money you invest. Learn more here.Advertiser Disclosure

There are thousands of financial products and services out there, and we believe in helping you understand which is best for you, how it works, and will it actually help you achieve your financial goals. We're proud of our content and guidance, and the information we provide is objective, independent, and free.

But we do have to make money to pay our team and keep this website running! Our partners compensate us. CultOfMoney.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The Cult of Money does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. CultOfMoney.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products and services are presented without warranty.

BitIRA Review

With inflation on the rise, you might be looking for alternative investments for your retirement versus the usual mix of stocks, bonds, and ETFs.

And if you want a bit of crypto flavor in your IRA or 401(k), companies like BitIRA are up your alley. This company helps you invest in crypto in tax-advantaged retirement accounts, letting you stay compliant with IRA rules while diversifying with crypto.

However, there are numerous crypto IRA companies out there, each with different fees and setup processes. That’s why our BitIRA review is covering how this company works and compares to the competition so you can pick the right provider.


BitIRA logo

      Quick Summary:

  • Invest in 15+ cryptocurrencies
  • BitIRA uses custom pricing
  • Numerous security policies and insurance in place
Open An Account

BitIRA Details

Product Name

BitIRA

Product Type

IRA cryptocurrency investing platform

Minimum Deposit

$5,000

Fees

Call for custom quote

Pros & Cons

Pros:

  • Numerous security features in place like cold wallet storage
  • End-to-end insurance policy for more protection
  • Supports numerous retirement accounts and rollovers

Cons:

  • A $5,000 funding minimum is steep versus many competitors
  • You have to call for pricing information
  • Low number of available cryptocurrencies

Table of Contents
Pros & Cons
About BitIRA
What It Offers
Pricing & Fees
BitIRA Alternatives

Account Opening Process
Safety & Security
Customer Service
The Bottom Line
BitIRA Features

About BitIRA

BitIRA began in 2017 and operates out of Burbank, California. It claims it’s the world’s most secure digital currency IRA, which is definitely a bold claim. But with numerous security measures and a robust insurance policy, BitIRA is certainly working to back up this claim.

It’s still one of the smaller players in the crypto IRA space. But if you want to invest in major cryptos and have peace of mind, it could be one of your best options.

What It Offers

BitIRA makes investing in crypto with retirement accounts quite simple. It handles account setup, and you invest through its partner crypto exchange Genesis. This means you don’t need a third-party exchange or your own crypto wallet and can invest directly through BitIRA, even if you’re brand-new to crypto.

There’s a $5,000 minimum deposit requirement, so keep this in mind when deciding if BitIRA is right for you.

Multiple IRA Account Types

BitIRA supports several account types, letting you enjoy potential tax-benefits while adding crypto to your portfolio. Available account types include:

  • Traditional IRA
  • Roth IRA
  • SEP IRA

You can also rollover other retirement accounts, like a 401(k).

Invest In Cryptocurrencies

Currently, BitIRA supports 18 cryptocurrencies at the time of writing. This includes major coins like Bitcoin and Ethereum. But you can also invest in several leading altcoins like:

  • Aave
  • Chainlink
  • Compound
  • DAI
  • Decentraland
  • Litecoin
  • Stellar Lumens
  • The Graph
  • Uniswap

Cryptocurrency selection is a downside of BitIRA, and competitors like Alto support 130+ coins. There’s also a noticeable lack of certain major cryptos, like Cardano and Solana.

However, for basic crypto IRA investing, BitIRA has everything you need.

Cold Storage Wallet

Crypto you invest in is held in a cold wallet. BitIRA maintains the private keys for this wallet, so you don’t have to worry about managing your own keys and security.

The fact assets are held in cold storage is also great news in terms of security. Hot wallets are connected to the internet to make it easier to trade crypto. In contrast, cold wallets are disconnected and are far less vulnerable to hacks.

Pricing & Fees

Unfortunately, BitIRA doesn’t disclose trading fees or other pricing information on its website. The company partners with Equity Trust Company as its custodian, stating it has some of the most competitive fees in the industry. But ultimately, BitIRA says “fees vary for every account vay so it’s impossible for us to tell you what fees will be.”

In one Reddit thread, an alleged BitIRA employee shares more information when other users are asking about account fees. This user states:

“As part of our full service solution (which offers the best security measures and insurance on the market), our team coordinates with custodians to help customers move funds from existing retirement accounts to a self-directed IRA. Sometimes this process is relatively straightforward. Sometimes it's quite labor intensive. Therefore we have chosen to speak to potential customers before providing a quote.”

As for other fees, BitIRA charges:

  • Storage Fees: 0.05% per month.
  • Account Set-Up Fees: $50.

BitIRA Alternatives

BitIRA stresses security, and the company provides an all-in-one solution for crypto IRA investing. However, the low number of crypto assets it supports is a downside. And the fact you need to call customer support before figuring out pricing might irritate some customers.

Other crypto IRA companies are much easier to understand and have a more streamlined process. And many competitors support far more assets as well.

Here’s how BitIRA compares to Alto and BitcoinIRA, two main players in the space.

Header
BitIRA logo
Alto logo
BitcoinIRA Logo

Our Rating

Supported Cryptos

15+

130+

60+

Other Alternative Investments

None

Fine art, real estate, farmland, startups, and more

Precious metals

Fees

Call for custom quote

1% crypto trading fee

5.99% set-up fee, 2% crypto trading fee, and a 0.08% monthly fee

Cell
Open An Account
Open An Account
Open An Account

We prefer Alto due to the simple fee structure and extensive list of supported cryptos. It also lets you invest in other alternative assets through its main IRA product, which may be attractive to some investors.

As for BitcoinIRA, it’s on the pricier side for crypto IRA providers. But it’s incredibly beginner-friendly, and it also has an Earn product that lets you earn up to 6% APY with your crypto. In contrast, BitIRA and Alto don’t offer any staking rewards or passive income options.

Ultimately, BitIRA’s lack of pricing information and non-user friendly website are two downsides we don’t like. And the low number of available cryptos is also worth noting.

Account Opening Process

You open a BitIRA account by visiting its website and downloading a free copy of “The Essential Guide to Digital IRAs.” You provide your phone number, name, and email to get this guide. If you want to open an account, you have to call a BitIRA customer service representative to talk about pricing and getting the process started.

BitIRA also notes that different factors influence how long it takes to set up an account. For example, rollovers can take more time than regular account setups. Equity Trust Company also takes time for due diligence.

All-in-all, it takes one to three weeks to open most BitIRA accounts.

Safety & Security

As mentioned, BitIRA stresses it’s the most secure crypto IRA provider in the world. And considering the low number of available cryptos and lack of pricing information, security is really the competitive advantage you should consider when picking a crypto IRA.

Here are some of the main security features you get as a BitIRA customer:

  • Multi-layer encryption and multi-factor authentication to encode and secure transactions
  • Assets are held in cold storage and are completely offline
  • You don’t have to manage your own private keys so you can’t lose them or get hacked for your crypto
  • Level 2 CryptoCurrency Security Standards (CCSS) compliance

One perk of BitIRA is that it also has end-to-end insurance of up to $100 million from a range of London insurance companies. And end-to-end covers digital assets from events like hacks, theft, physical loss, and damage or destruction.

Finally, any cash that’s in your account benefits from Equity Capital Trust and is FDIC-insured up to $3.75 million.

Customer Service

If you have questions about fees or setting up your account, you can contact BitIRA by emailing [email protected]. You can also call 800-299-1567, Monday through Friday, from 8:00am to 5pm PST. There aren’t weekend business hours for customer support.

BitIRA also provides “dedicated IRA specialists” during onboarding to help you set up your new account and to answer any questions you have. However, the main reason you have to call the company in the first place is to get pricing information, which other competitors openly disclose.

The Bottom Line

The crypto IRA investing market is becoming more saturated. This is good news for investors because more competition leads to better services and lower fees.

Right now, BitIRA feels a bit behind the competition in terms of supported assets and ease-of-use. The website doesn’t feel easy to navigate, and the lack of pricing information is a downside. I’m also unsure why there’s no obvious sign-up button on the website to get in touch but rather an ebook lead magnet.

If you want transparent fees and more investment options, Alto is clearly superior. But if you value security and want more peace of mind, BitIRA is still worth considering. After all, it has a robust insurance policy and numerous security protocols in place.

We still prefer Alto’s CryptoIRA for most investors, but you should weigh your options and decide which features are most important for you.

BitIRA Features

Product Type

Crypto IRA investing platform

Minimum Deposit

$5,000

Supported Cryptos

18

Other Alternative Investments

None

Fees

Custom

Insurance

Digtial asset insurance and FDIC-insurance

Security

Multi-layer encryption and cold storage

Mobile App

None

Customer Support Number

800-299-1567

Customer Support Email

[email protected]

Tom Blake
Tom Blake

Tom Blake is a personal finance writer with a passion for making money online, cryptocurrency and NFTs,  investing, and the gig economy.

  • Share
  • Tweet
  • Email
  • Print

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.

Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors’. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone’s responsibility to ensure all posts and/or questions are answered.

Subscribe
Login
Notify of

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Primary Sidebar

  • Facebook
  • Instagram
  • Pinterest
  • RSS
  • Twitter

Editor’s Picks

  • 8 best cryptocurrency exchanges ranked | Source: Cult of Money

    8 Best Cryptocurrency Exchanges Ranked For 2025

  • crypto savings accounts

    5 Best Crypto Savings Accounts For 2025

  • Cryptocurrency Bonus Offers

    8 Best Crypto Promotional And Bonus Offers

  • best crypto wallets | Source: Cult of Money

    Best Crypto Wallets For 2025 (Software And Hardware Options)

  • Best Portfolio Trackers For Cryptocurrency And Stocks

    Best Portfolio Trackers For Cryptocurrency And Stocks

  • best tax software for crypto and NFT traders | Source: Cult of Money

    Best Tax Software For Crypto And NFT Traders In 2025

Popular Posts

  • proof of work vs. proof of stake vs. proof of history

    Proof Of Work vs. Proof Of Stake vs. Proof Of History

  • Why I Bought An NFT

    Why I Bought An NFT [And 5 Reasons You Should Too]

  • Dogecoin Experiment | Source: Cult of Money

    My Dogecoin Experiment: What I Learned From Investing $2,000 In DOGE

  • common crypto and nft scams

    Most Common Crypto And NFT Scams (And How To Avoid Them)

  • Bookkeeping and Accounting for Crypto and NFTs

    Bookkeeping And Accounting For Crypto And NFTs

  • what is a 51% attack

    What Is A 51% Attack? (And How Is That Game Over For Crypto?)

  • what is staking crypto

    What Is Staking And How Can You Make Money With Your Crypto?

  • what are veefriends

    What Are VeeFriends And Are They Worth It?

  • how to file a complaint against crypto exchanges

    How To File A Complaint Against A Crypto Exchange [Crypto Regulators]

Footer

Pages

  • Best Cryptocurrency Wallets
  • Best Cryptocurrency Exchanges

Categories

  • Cryptocurrency
  • DeFi
  • NFT
  • Personal Finance

About

  • About The Cult Of Money
  • Contact
  • How We Make Money
  • Advertise With Us
  • Bluesky
  • Facebook
  • Instagram
  • Mastodon
  • Pinterest
  • Reddit
  • RSS
  • Threads
  • TikTok
  • Twitter

Copyright © 2025 | Cult of Money | Privacy Policy | Terms of Service

wpDiscuz