- A+ BBB rating
- Low transaction fees
- Expert assistance
- Self-trading platform
- 22/7 trading window
- U.S. investors only
Instead of being treated as a number, enjoy attentive ongoing customer support and some of the industry’s lowest trading fees.
In my Coin IRA review, I cover your investment options, fees, minimums, and customer insights.
The Verdict for Coin IRA
I’ve given them a rating of 9 out of 10.
| Criteria | Rating (out of 10) |
|---|---|
| Cryptocurrencies Supported | 8.5 |
| Pricing & Fees | 9 |
| Storage & Security | 9 |
| Account Setup & Maintenance | 9 |
| Resources & Tools | 9 |
| Reputation & Reviews | 9.5 |
| Customer Service & Support | 9.5 |
| Overall Rating | 9 |
In this review of Coin IRA, I’ve followed BIC’s detailed criteria for evaluating the crypto IRA company.
About Coin IRA
Coin IRA was founded in 2017 and is one of the oldest cryptocurrency IRA platforms.
You can invest in over 15 cryptocurrencies with affordable transaction fees and no service fees.
The crypto retirement platform, headquartered in Woodland Hills, California, is open to investors in all 50 U.S. states.
Your cryptocurrency-backed IRA is available as a traditional IRA, Roth IRA, or SEP IRA with a $5,000 investment minimum.
It’s also one of the more user-friendly platforms with 24-hour account chat support, which can be useful when trading crypto during the 22/7 trading window.
In comparison, most only offer phone and email support during standard business hours.
Cryptocurrencies Supported
You can invest in approximately 20 cryptocurrencies:
- Aave (AAVE)
- Basic Attention (BAT)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Compound (COMP)
- Dai (DAI)
- Ethereum (ETH)
- Litecoin (LTC)
- Livepeer (LPT)
- Maker (MKR)
- Mana (MANA)
- Solana (SOL)
- Stellar (XLM)
- The Graph (GRT)
- Unisawp (UNI)
- USDC (USDC)
- Yearn Finance (YFI)
- XRP (XRP)
While many of the best crypto IRA companies tend to offer between 40 and 80 cryptocurrencies, I find this wide assortment sufficient for most traders.
You can also easily just build a long-term portfolio with Bitcoin and Ethereum to avoid constant portfolio management.
Pricing & Fees
The minimum initial investment is $5,000 and there is no minimum for subsequent trades. There are no setup, annual service, or storage fees.
You only pay fees when buying or selling assets:
- 1.25% when buying
- 1% when selling
Additionally, precious metals transactions require a $10 minimum investment.
These fees and minimums are very affordable, in my opinion.
However, some crypto IRA platforms have slightly lower initial deposit requirements and trading fees.
Find a crypto IRA company to help you take control over your retirement savings.
Storage & Security
All Coin IRA accounts have free cold storage, along with 24/7 military-grade protection and insurance against crime and theft.
Further, I like that Equity Trust Company (ETC) is the IRA custodian. ETC is one of the oldest and largest self-directed IRA custodians.
It maintains your tax-compliant paperwork and offers FDIC insurance on your cash deposits.
Additionally, Ledger Enterprises provides cold, offline storage to protect your crypto keys using the same technology as governments and international banks.
It provides similar storage services for many other crypto retirement portfolios.
Withdrawing funds involves a multi-signature wallet requiring permission from yourself, Ledger, and ETC.
Account Setup & Maintenance
You can open your tax-advantaged account by following a few simple steps:
- Verify eligibility: First, provide your email address and basic account details online. The platform makes sure you’re at least 18 years old and live in the United States.
- Choose account type: You can open a combination of traditional IRA, Roth IRA, and SEP IRA accounts. Non-retirement trading accounts are available too.
- Fund your account: IRA transfers and 401(k) rollovers are the easiest ways to satisfy the investment minimum for retirement accounts. Cash contributions are also available up to your annual contribution limit.
- Start trading: Existing retirement account transfers usually take a couple of weeks to settle. You can place your first trades during the 22/7 trading window.
Account support by live chat is available 24/7 if you have setup or ongoing questions.
Unfortunately, no mobile app is available, but the web trading platform is phone and tablet-friendly.
Overall, I’m impressed by its usability.
Resources & Tools
Coin IRA’s educational and research tools are comparable to those of several competitors and taxable crypto exchanges.
Beginners will appreciate the cryptocurrency terminology page, which briefly defines the most common crypto trading concepts.
The company regularly publishes blog articles discussing the latest trends and news.
Moreover, you can contact customer support to request the free electronic guide “How to Add Bitcoin and Other Cryptocurrencies to Your IRA.”
Other platforms can be a better fit if you want more hands-on tools, such as periodic webinars and trading simulators.
However, these educational resources are sufficient if you simply want an easy-to-trade platform and perform your research on third-party sites.
Reputation & Reviews
Dozens of current customers leave positive Coin IRA reviews, primarily praising the above-average customer service quality.
Most testimonials mention hands-on help during the onboarding process.
As a result, completing the application paperwork is a breeze and the agents take time to answer your questions so you can be a confident investor without high-pressure sales tactics.
Positive feedback also includes its low trading fees and zero account service fees.
There are no glaring criticisms to mention at the time of this review. Still, I wish there were more reviews on the various consumer rating platforms to provide a more precise assessment.
Notably, Coin IRA has an A+ Better Business Bureau (BBB) rating. The business has been BBB-accredited since 2017.
Customer Service & Support
Phone support is available on weekdays from 7 am to 7 pm Pacific and by appointment on weekends.
A unique feature is that live chat account support is accessible 24/7.
You can also send an email outside of normal business hours.
Coin IRA Alternatives
Consider these crypto IRA companies for more investment options or for a 24/7 trading window.
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Our Rating:
4.8
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Our Rating:
4.5
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Our Rating:
4.2
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Trading Fee:
2.00% transaction fee
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Trading Fee:
1.00% transaction fee
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Trading Fee:
$300
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Bitcoin IRA
Bitcoin IRA lets you trade over 80 cryptos via the web platform or mobile app.
The minimum investment is only $3,000 and your account is eligible for up to $250 million in crypto insurance. Regrettably, setup fees and ongoing service fees apply.
Open a Bitcoin IRA account in just 3 minutes!
iTrustCapital
iTrustCapital supports over 60 cryptocurrency tokens and fractional metals.
Trading fees are a flat 1% to buy or sell crypto and you won’t encounter setup, service, or storage fees. Also, you only need to make a $1,000 minimum investment.
Open an account with iTrustCapital today
BitIRA
BitIRA has 16 cryptocurrencies available and you only pay a 1% trading fee. The minimum investment is $5,000.
The key difference is that you can access more free educational courses in the BitIRA U library.
Get a free Ledger Nano from BitIRA
Is Coin IRA a legitimate company?
Coin IRA is a legit cryptocurrency IRA provider with an extensive operating history and low fees. Investor reviews consistently praise the impressive customer service quality.
While it doesn’t offer the widest investment selection, you can get exposure to most of the highly-traded coins.
FAQs
Can I withdraw Bitcoin from Coin RA?
Retirement accounts cannot withdraw crypto without incurring taxes and penalties as the IRA requires a third party to store your assets. Taxable trading accounts can make penalty-free withdrawals.
Is Coin IRA FDIC insured?
The IRA custodian, Equity Trust Company, provides FDIC insurance for cash balances.
Cryptocurrency assets are covered by non-FDIC crime insurance and vault risk insurance.
Who owns Coin IRA?
Brenda Whitman is the owner and co-founder of Coin IRA.
Find a crypto IRA company to help you take control over your retirement savings.
Coin IRA
Coin IRA, established in 2017, is trusted by investors nationwide who want to establish tax-advantaged cryptocurrency IRAs and individual taxable accounts.
Product Brand: Coin IRA
4.5