Bitcoin IRAReviews of bitcoinira.com

Avoid trading with them. Cele__Stial__Drifts stepped in before things got sorted.

This “organization” is less than honest. Their fees schedule is hardly client beneficial. They are cash collectors! They’ll take your money all day long and process your digital coins as well and charge you unreasonable fees for sales AND purchases! Hardly an upstanding customer friendly company! Distributions are hardly timely. They will make claims over the phone then give excuses for their “distribution” team - whom they will not let you speak to directly. Ana and the “Front Office” become the scapegoats who field excuses the administration doesn’t want to face.

BitcoinIRA is a fee trap, plain and simple. Depositing money was insanely easy. Withdrawing it has been one of the most frustrating financial experiences I’ve had. I made a large deposit and over time realized I wasn’t losing money because of Bitcoin — I was losing money because of fees and terrible execution. Setup fees, trading fees, monthly fees (charged to a card AND deducted), ACH fees, wire fees, transfer fees, termination fees… it never ends. You’re getting hit from every direction. The spot prices are awful. When you sell, you’re forced to accept a bad price again. Now the exit: I initiated a full withdrawal over two weeks ago. I was promised 48 hours multiple times. Instead, it’s been constant follow-ups, mandatory video calls, “compliance reviews,” and delays. It feels intentionally burdensome. Easy in, hard out. On top of that, once you finally escape, they tack on termination fees, ACH fees, transfer fees — and whatever else they can justify from their master services agreement. If you’re considering a Bitcoin IRA, read the fine print very carefully. In my experience, this is not about helping you hold BTC tax-advantaged — it’s about slowly bleeding you through friction and fees. If you truly need crypto in an IRA, I’d wait until this space is more normalized. Right now, platforms like this are extremely expensive lessons. I strongly regret using BitcoinIRA or stick with an ETF in your traditional IRA.

They don't warn you when you are being charged or where it's coming from. If your payment fails they take it out of your bitcoin without telling you, even if you have other assets. I signed many forms specifying that I wanted to pay fees from my credit card. They charged me from a random processor name called "Digital Trust" which I didn't recognize and couldn't find the source of with GREAT effort. This processor shows up online as a scam charge. Obviously I flagged it as fraud. Rather than send me an email about this, for over a year, they took hundreds of dollars of my bitcoin. They said they tried to call me, but that is a pathetic excuse. They don't let you update your phone number easily, and they have my correct email and mailing address. How hard is it to send an email with a statement, upcoming charge, or payment failure? I got none of those. I closed my account not too long after being charged for this year, and they wouldn't give me a partial refund. It's hundreds of dollars. Other financial companies do this without you asking. If you close a credit card with an annual fee for instance, they give you back the difference by default because they have the ethical and business sense not to charge you for something you are not using. They also communicate via email or regular mail on important information. I bet these companies will exist much longer than BitcoinIRA. BIRA trading fees are ridiculous to boot. It cost me $1000 just one year to buy into a few positions, that's more than 1/10th of what was there. If you want to hold bitcoin with your retirement funds, there are better ways where you have more control, custody, and reasonable fees.

I have been trying since 8/4 to get a transfer_distribution. There is always a reason it is rejected.

Watch out for FEEs and Customer Service. They have the highest fees and it will eat away at your returns. Started out with 0ver $8000 investment by 3.5 years my account balance was down to 7000 despite BITCOIN nearly doubling from when I purchased it. They charged me $1150 in fees over the period and at the end I had less than what I started with. I realize investing is risky I get that but that's not the issue here. It's the high fees that are hidden and customer service. There really needs to be more regulation of these companies. If you want to diversify out of the dollar and stocks we are left with these sharks who take your money and charge you high fees so your balance keeps going down and down instead of increasing with the market. Also, when you call customer service to inquire, a person answers the call at 1st and explains it to you but the minute you start delving deeper into the fees, they hung up on me. When I called back they put me in their call back queue and abruptly disconnected the call before I could leave a message. Someone called me back but when I mentioned my name, the person hung up on me immediately. I was not rude, just asking questions. It's almost as though they flagged me and won't answer my calls. Same thing has happened on two separate occasions. Unacceptable. BEWARE. I have not tried to get a distribution yet but this experience is making me nervous. I've read the comments from others. I actually wanted to add more money to my account when I called but now I am thinking twice. I am going to look elsewhere. I am a real investor using their services and I am nervous based on they way I am being treated and my account balance keeps dwindling despite crypto gains. Beware and do your research before investing your $$ with them.

Bitcoin IRA charged me an initial set up fee, wallet charges, annual charge, close account fee, required transfer fees … for my initial $5,000 investment; I have spent $1500 in fees in 3 years. There are more competitive options available. As far as safety; they all use the same 3rd party for authentication and verification. There is nothing unique here but the fees. Look elsewhere.

Charge $300 to close an account and $35 for check/ach/wire. These fees are not highlighted when signing up (not available anywhere on the site). Everything is manual docusign. Liquidations take time. Lots of fees for everything. Stay away