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FAQ

What is a self-directed IRA?

A self-directed IRA is an Individual Retirement Account (IRA) held by a trustee or custodian that permits investment in a broader set of assets than is permitted by most IRA custodians.  Most IRA custodians are banks and broker-dealers that limit the holdings in IRA accounts to firm-approved stocks, bonds, mutual funds and CDs.  A self-directed IRA offer investors access to an array of private investment opportunities that are not available through other IRA providers, such as cryptocurrency (including Bitcoin, Ethereum, Litecoin, Ripple), precious metals, real estate, promissory notes, tax lien certificates, and private placement securities.

What is a Bitcoin IRA?

Custodians and trustees for self-directed IRAs, may allow investors to invest retirement funds in cryptocurrency.  An investor may have a Bitcoin IRA, Ethereum IRA, Litecoin IRA or Ripple IRA or any combination of the above. Clients use their self-directed IRA to grow their cryptocurrency investments tax-deferred until withdrawal in the case of a traditional IRA or tax-free in the case of a Roth IRA.

Is my Bitcoin IRA IRS-compliant?

Yes.  All self-directed retirement plans must follow IRS rules.  Although the IRS does not approve specific IRA investments, it does issue letters to IRA sponsors, trustees and custodians certifying that they are complying with requirements concerning investor rights, account administration, and standards for the establishment of documents that allow contributions to be deductible.

Who is the Custodian?

IRA Bitcoin LLC has custodial relationships with MadisonTrust or Kingdom Trust, depending upon the type of account you plan to open.

What are the fees?

There is an initial service fee that covers our services, including a full service, comprehensive set up of your cryptocurrency IRA retirement account with an approved custodian, and full access to our advisory services that include market research and an IRA setup consultation. There are additional custodial fees that will vary between which IRA custodian you work with and the type of IRA account setup. Please contact one of our financial advisors to find out the fees associated with your investment amount.

Is my account safe?

Your cryptocurrencies are held in a hardware wallet providing you with an offline cold storage solution that’s backed up with a 24 word mnemonic code. This means that your coins are 100% secure from any hardware malfunctions or cyberspace attacks, it is the safest storage method available in the market. We work with Ledger or Keepkey depending on which cryptocurrencies you choose to invest in, both companies are world renowned technology providers and highly recognized throughout the blockchain industry.

Is there a minimum account size?

The minimum account size is $30,000.

How do I get started with a Bitcoin IRA?

It’s easy!  Our experienced financial advisors will confirm whether your IRA or 401k is eligible to invest in Bitcoin or other cryptocurrency and help you safely and securely manage the rollover of your existing IRA to an approved custodian.  Your dollars are converted to Bitcoin or other cryptocurrency and then moved to a secure wallet, protected by the highest levels of encryption and security.

Still Have Questions?Let us guide you through the process