Yes, Bitcoin IRA is a legitimate company. It provides you with a way to invest part of your retirement portfolio in crypto assets, physical gold, and even Gold for IRA investment. It provides comprehensive financial services for setting up a cryptocurrency IRA account and transferring existing retirement savings to your new Bitcoin IRA. While both Bitcoin IRA and iTrustCapital offer SDIRA services for cryptocurrencies, physical gold, and Gold for IRA investment, the two platforms have different features. Bitcoin IRA describes itself as the world's first, largest and most secure cryptocurrency IRA platform.
Unlike other companies that offer cryptocurrency IRAs, you don't need to create an LLC to contain a self-directed IRA with a Bitcoin IRA. Both companies will allow you to invest in almost anything within your self-managed retirement account, while Bitcoin IRA currently only supports cryptocurrencies and gold. As the name suggests, the Bitcoin IRA is a self-directed retirement account that allows you to invest in cryptocurrencies. Yes, the Bitcoin IRA account allows you to purchase ownership rights to physical gold bars suitable for investment that are stored in some of Brink's main bullion vaults.
Bitcoin IRA and BitIRA offer similar IRA services for alternative assets, such as cryptocurrencies, but you'll get more out of the Bitcoin IRA. The Bitcoin IRA is best for retail investors who want to accumulate wealth for retirement with cryptocurrencies. Investing in cryptocurrency and gold with a Bitcoin IRA tax-deferred is a simple way to diversify your retirement savings, but fees are high and volatility could also be a problem. If your main goal is to invest in cryptocurrencies, Alto is a solid alternative to Bitcoin IRA, since it has a direct integration with Coinbase.
Yes, if you want to trade cryptocurrencies in your IRA, you want someone to completely set up the account and you're comfortable with fees, the Bitcoin IRA could be what you're looking for.