There is a 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, 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.
FAQ Categories: General
What coins are available for IRA investment?
Bitcoin IRA currently offers over 60+ cryptocurrencies for retirement investing, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM), Zcash (ZEC), Bitcoin Cash (BCH), and Ethereum Classic (ETC). 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, 403(b), or 401(k) into a self-directed Bitcoin IRA account.
Are there minimums and investment caps?
You can open a retirement account with a minimum initial investment of $3,000, or a $100 monthly contribution for a Saver IRA. There is no investment cap. Retirement accounts that hold Bitcoin 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 most custodians or exchanges 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 how to buy Bitcoin and other coins with a crypto IRA.
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 crypto is approved so long as it is used to reinvest in a different asset or is held in your retirement account 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 IRAs be funded with money; property cannot be contributed.
Will there be penalties for transferring my assets?
No. Your IRA funds are rolled over from your existing IRA account to a new IRA. Your funds remain in a retirement setting and will not result in any early withdrawal fees.
Will I receive tokens derived from hard forks?
Bitcoin IRA will attempt, but cannot guarantee, customers will receive any tokens derived from hard forks.