Best Bitcoin IRAs: Investing in Your Crypto-Powered Retirement

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What is a Bitcoin IRA?

Bitcoin IRAs are a type of self-directed IRA crypto accounts offered by some of the best online brokerages and trading platforms. Investors can hold alternative assets, like bitcoin and other cryptocurrencies, alongside traditional investments in their retirement portfolio, hoping for long-term gains. 

Bitcoin IRAs are only available through specialized custodians equipped to track and manage the storage and security of these digital assets.

Why Choose a Bitcoin IRA?

Crypto and retirement investing have become popular, especially as brokerages like Fidelity have offered bitcoin as a 401(k) investment choice. However, several companies also offer crypto trading through self-directed IRAs. 

A bitcoin IRA can be an alluring investment option for those who want to avoid capital gains taxes while building wealth. You’d be subject to capital gains taxes for regular crypto transactions without an IRA. But self-directed IRAs eliminate those extra costs (or at least defer them).

Adding bitcoin to your retirement portfolio can further diversify your holdings and mitigate risk. Cryptocurrencies can also hedge against inflation, similar to other alternative investment options. Plus, the possibility of higher returns makes crypto investment alluring despite the significant volatility and risk of investing in decentralized currencies. 

Best Cryptocurrency IRAs

• BitcoinIRA: Best Overall
• BitIRA: Best for Account Security
• Alto CryptoIRA: Best Investment Selection
• Coin IRA: Best Investor Experience
• iTrustCapital: Best for Low Fees

Compare the Top Bitcoin IRAs in 2024

The best bitcoin IRAs provide custodial services, storage options, and, in some cases, 24/7 trading access. They are popular for folks looking to avoid capital gains taxes. Cryptocurrency exchanges offer a range of crypto availability, account security, low fees, mobile access, and more. 

Here are the best bitcoinIRAs provided by Business Insider’s editors in 2024.

Best Bitcoin IRA Overall