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Frequently Asked Questions

General

What are the Bitcoin IRA fees?

There is an initial one-time service fee that varies depending on your investment amount. This service fee covers our comprehensive services, which include full support services for rollover of retirement funds, complete set up of a self-directed retirement account with BitGo Trust, and best-in-class security storage, among other offerings. In addition, there is a minimal custodian and security fee. Please call our representatives to get the fees for your particular investment amount.

What coins are available for IRA investment?

BitcoinIRA.com currently offers Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar Lumens (XLM), Zcash (ZEC), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Digital Gold (DG). You can invest in entirely in one coin or a combination of multiple coins.

What retirement accounts are eligible to be rolled over to a Bitcoin IRA?

You can rollover funds from an existing IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403b, or 401k into a self-directed Bitcoin IRA account.

Are there minimums and investment caps?

There is a $3,000 minimum and no investment cap. Retirement accounts that hold Bitcoins require significantly more steps and procedures than with cash purchases. Bitcoin IRA provides a full-service solution that facilitates the process for account set up, rollover of funds from an existing IRA custodian, access to our self-trading platform, and moving funds to a secure digital wallet for all retirement account types.

Can I buy Bitcoin for my IRA with Fidelity or Coinbase?

No. You are unable to purchase cryptocurrencies for your retirement account with any other custodian or exchange at this time. Bitcoin IRA is the world’s first, largest and most secure platform to offer this service.

How do I invest in a Bitcoin IRA?

Bitcoin IRA is a full-service company and we will walk you through the process from start to finish. Our specialists will set up your account, rollover your funds from an existing retirement fund, execute the self-directed trade, and move your coins securely into a digital wallet. Learn more.

Can I spend the digital currencies from my new IRA account?

Spending or withdrawing the funds from any IRA account before you reach the retirement age of 59 ½ will result in early withdrawal tax penalties. Any IRA account is meant to be a fund drawn upon only after you retire. Selling your funds is approved so long as it is used to reinvest in an IRA or is held in your BitGo wallet in a liquid state.

Can I transfer crytpocurrencies I already own into a Bitcoin IRA?

No. At this time, you cannot transfer your current cryptocurrency holdings into a Bitcoin IRA. The IRS requires that buying into a cryptocurrency-based IRA be done with US dollars.

Will there be penalties for transferring my assets?

No. Your IRA funds are rolled over from your existing IRA account to a new IRA with BitGo Trust. Your funds remain in a retirement setting and will not result in any early withdrawal fees.

Will I receive tokens derived from hard forks?

BitcoinIRA.com will attempt, but cannot guarantee, customers will receive any tokens derived from “hard forks.”

Gold

Am I buying real Gold?

Yes. You are receiving ownership rights (“allocated gold”) to investment-grade physical gold bars. The gold is approved and regulated by the New York State Department of Financial Services and is fully-backed by allocated gold.

How much is my gold worth?

For every purchase of 1 Gold on the Bitcoin IRA platform, you are receiving ownership rights to one fine troy ounce of gold. Its value ties directly to the real-time market value of physical gold.

Where is my gold stored?

Your gold bars are held in leading Brink’s bullion vault facilities and it is identifiable with a unique serial number, purity, and weighting for each bar.

How long does it take to receive my gold?

You have immediate ownership rights of your gold, similar to buying or selling any stock. The order can take up to 24 hours to settle and appear in your account after your purchase.

Is my Gold insured?

Yes. Your gold is insured at Brink’s bullion vault facility and for any gold in transit. Learn more. Additionally, all digital assets purchased on the Bitcoin IRA platform are stored with BitGo Trust, a US-registered qualified custodian, with $100M insurance policy. Learn more.

How does your Gold differ from traditional Gold sellers?

Buying gold through a traditional firm has high broker fees, it’s difficult to transfer, and it’s expensive to store. Our gold program removes the middle men and is a cost-effective, convenient, and safe way to invest in physical gold using our proven, industry-leading platform.

What are the fees for Gold?

The fees for Gold are the same as they are for all Bitcoin IRA products. See “What are the Bitcoin IRA fees?” above.