BitcoinIRA Reviews & Complaints: Scam or Reputable?

BitcoinIRA
Google: 4.6/5
BBB: 2.71/5 A+
Trustpilot: 4.1/5

BitcoinIRA, a cryptocurrency IRA company, is located in Las Vegas, Nevada. This company specializes in offering a platform for self-directed trading of cryptocurrencies within a tax-advantaged individual retirement account (IRA). The service enables clients to buy and sell cryptocurrencies and other digital assets for their retirement accounts. It holds an average rating of 4.1/5 on Focus on the User.

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Featured Reviews

Top Review

Featured
D Smith
5 stars
USA

"Setting up the account was very easy. Had a very experience individual walk me through all the steps and next steps for opening my account and how to operate it. After..."

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Top Complaint

Featured
Oleg B
1 star
USA

"Very bad company transferred funds from American banks a week ago, they are not in the account with this bad company and do not return the money back to the account I am very..."

Read Complaints

What is BitcoinIRA?

Founded in 2015 by Chris Kline, Johanne Haze, and Camilo Concha, BitcoinIRA introduced the world's first cryptocurrency IRA. This innovative concept allowed investors to include digital assets in their retirement portfolios without the need for traditional mutual or exchange-traded funds. The company's mission is to help Americans secure their retirement through investments in cryptocurrencies. As a market leader in this niche, BitcoinIRA operates a proprietary platform available 24/7, allowing clients to self-trade cryptocurrencies at any time, thereby responding promptly to market fluctuations.

BitcoinIRA has significantly influenced the American retirement landscape by offering services such as Bitcoin IRA, Bitcoin 401(k), Bitcoin Roth IRA, and Saver IRA. This diversity in services caters to a broad range of investment needs and preferences, particularly for those looking to diversify their retirement savings with cryptocurrencies.

BitcoinIRA Ratings

BitcoinIRA Reputation

Focus on the User Review
Focus on the User
4.1/5 stars
701 reviews (Aggregated)
Google Reviews
Google Reviews
4.6/5 stars
673 reviews
BBB Reviews
BBB
2.71/5 stars A+
7 reviews
Trustpilot Reviews
Trustpilot
4.1/5 stars
21 reviews

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BitcoinIRA Reviews

Top BitcoinIRA Reviews

5 starsFeatured

"Setting up the account was very easy. Had a very experience individual walk me through all the steps and next steps for opening my account and how to operate it. After I finished with the first person the customer support rep guided me through all the processes and even assisted with transferring my funds. They also, mentioned their great security for storing my crypto which was important to me since i don't know much about how to hold/store crypto. overall great experience"

Trustpilot Reviews
D Smith
USA
5 stars
5 starsFeatured

"Its so obvious that the lower competition are writing reviews to tarnish the best company in the industry. I have had the most amazing experience with Bitcoin IRA. They are the only company that has people you can speak to. Every other company I tried has no phone number on their website or you have to set up a call. That's a HUGE red flag. They offer interest on crypto and as their rep told me over the phone, they are the only IRA company that offers it, which I found to be true. Only company in the IRA industry to have an app to download. I have been a client since 2017 and have had a wonderful experience. Thank you Bitcoin IRA and thank you crypto! :)"

BBB Review
Joseph T
USA
5 stars
5 starsFeatured

"I've had an account since 2018 and could not be happier with my decision. I have watched other crypto IRA companies struggle with security risks and/or be shut down completely. During that time Bitcoin IRA hasn't had a single security or regulation issue."

Trustpilot Review
Tommy
USA
5 stars
5 starsFeatured

"I needed to transfer cash from a personal IRA to my Bitcoin IRA. I had trouble setting up the transfer and Leslie Means came up with a workaround for my issue. Leslie was so nice, very accommodating and professional and we had it done very quickly. Transferring money in order to make investments needs to be done quickly and efficiently and Leslie Means at Bitcoin IRA was on the ball and got it done. I really appreciate the quick service!"

Trustpilot Review
Craig M
USA
5 stars
BitcoinIRA Complaints

Worst BitcoinIRA Complaints

1 starFeatured

"Very bad company transferred funds from American banks a week ago, they are not in the account with this bad company and do not return the money back to the account I am very dissatisfied with this company and do not recommend anyone to use it, run away from here."

Trustpilot Reviews
Oleg B
USA
1 star
1 starFeatured

"If it would not cost me so much to transfer to another holder I would have left BitcoinIRA by now.They took almost 10% of an initial transfer fee although it was suppose to be 6%. Come to find out, because I deposited a lesser amount on my initial deposit they charged me almost 4% more. Nowhere on their website did it state that. A month after I became a client, they stopped the 6% interest on my cash deposits, so now I receive nothing. Aside from wanting to invest in crypto, the 6% interest was a large part of why I opened an account.My most recent frustration with BitcoinIRA is because they occasionally go offline, both on their website and their app.I have no access to my account when this happens. Today is the third day this issue continues and they have not notified me of the issue. As far as I know, they could have been hacked.They should have posted a banner on their website stating they are having technical difficulties. I had to call them to find out and fortunately for me they are just having technical difficulties. I’ve never had any issues like this with any investment firms.This is ridiculous."

Google
Divining G
USA
1 star
1 starFeatured

"Absolutely WRECKED my 401k balance to IRA from fees. They are not up front about their fee structure at all, I transferred in almost $11k in 2021 and today it sat at $1900. And no, it was not due to the "drop" in crypto. BTC was not even at the current levels today when I invested and made the switch. They are scammers, and they'll nickel and dime your portfolio until there is nothing left. RUN."

Google
Josh L
USA
1 star
1 starFeatured

"Take it from an avid investor. Crypto is enough of a risk without paying deposit fees , transaction fees , withdraw fees and service fees.This company has no interest in your future.If you truly want to invest in IRA’s which you should. Don’t put your money in this companies hands."

Google
JOE O
USA
1 star

Is BitcoinIRA a Scam?

BitcoinIRA is not a scam. The company's reputable status is underlined by its pioneering role in offering cryptocurrency IRAs since 2015. With a solid rating of 4.1/5 on Focus on the User, BitcoinIRA has established itself as a legitimate and trusted player in the cryptocurrency IRA market.

BitcoinIRA Pros and Cons

Pros

  • Pro: Pioneering Platform - As the first company to offer cryptocurrency IRAs, BitcoinIRA is recognized for its pioneering role in the industry.
  • Pro: Flexible Trading Options - The 24/7 self-trading platform provides clients with the flexibility to make investment decisions in real-time.

Cons

  • Con: Limited Physical Presence - The company primarily operates online, which may be a limitation for clients preferring in-person interactions.
  • Con: Market Volatility Risk - Investing in cryptocurrencies carries inherent risks due to market volatility.

BitcoinIRA Services and Products

BitcoinIRA offers a range of products and services tailored to cryptocurrency-based retirement investing. These include:

  • Bitcoin IRA: A service allowing investment in Bitcoin as part of retirement planning.
  • Bitcoin 401(k): Offers the opportunity to include Bitcoin in 401(k) retirement plans.
  • Bitcoin Roth IRA: Enables post-tax investment in Bitcoin for retirement.
  • Saver IRA: A unique IRA service focusing on long-term savings in cryptocurrencies.

BitcoinIRA FAQ

Is BitcoinIRA a reputable company?

Yes, BitcoinIRA is recognized as a reputable company in the cryptocurrency IRA industry.

How long has BitcoinIRA been in business?

BitcoinIRA was founded in 2015.

Who is the owner of BitcoinIRA?

BitcoinIRA was founded by Chris Kline, Johanne Haze, and Camilo Concha.

How does BitcoinIRA work?

BitcoinIRA works by providing a platform for buying and selling cryptocurrencies within a tax-advantaged IRA.

Before Investing With BitcoinIRA

Potential investors are advised to consider obtaining . This guide can assist in making informed investment decisions in precious metals, complementing cryptocurrency investments.

BitcoinIRA Homepage

Contact BitcoinIRA

  • Phone: 866-443-7968
  • Address: 7336 W Post Rd #111, Las Vegas, NV 89113, United States
  • Founded: 2015
  • Alternate Name: BitcoinIRA.com
  • Category: Cryptocurrency IRA Company
BitcoinIRA Address

BitcoinIRA Alternatives

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BitIRA specializes in offering cryptocurrency-based individual retirement accounts (IRAs), allowing investors to diversify their retirement portfolios with digital assets like Bitcoin, Ethereum, and other cryptocurrencies.
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Bitcoin Advizers | 4.5/5 Rating

Bitcoin Advizers provides personalized consultation and advisory services for individuals looking to invest in Bitcoin, focusing on educational resources and strategic investment planning in the cryptocurrency space.
iTrustCapital Review

iTrustCapital | 4/5 Rating

iTrustCapital offers an innovative platform where investors can trade cryptocurrencies and physical gold in real-time for their IRA or 401(k) portfolios, blending traditional and digital asset investment options.
Blockmint Review

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Blockmint provides a user-friendly platform for investing in cryptocurrencies, offering services for buying, selling, and managing digital assets with an emphasis on security and simplicity.
Coin IRA Review

Coin IRA | 3/5 Rating

Coin IRA facilitates the inclusion of cryptocurrencies in retirement portfolios, offering a comprehensive solution for investing in digital currencies like Bitcoin, Ethereum, and others within an IRA framework.


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Disclaimer: Content on this website is not intended to be used as financial advice. It is not to be used as a recommendation to buy, sell, or trade an asset that requires a licensed broker. Consult a financial advisor.

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