This guide will conduct an unbiased and comprehensive CoinIRA review in 2023. We will start with what is CoinIRA, and then move on to review its features, worthiness, and legitimacy.

CoinIRA: What is it all about?

CoinIRA is a cryptocurrency IRA or crypto IRA which allows you to invest (buy, sell, and trade) your IRA or retirement savings in cryptocurrencies in a tax-deferred manner.

Just like the standard IRAs, you are given a tax advantage on the cryptocurrency you invested in.

It is one of the pioneers in crypto IRAs, which started its operations in 2017.

As is claimed by their website, CoinIRA has managed to secure a constant A+ rating from BBB (Better Business Bureau).

CoinIRA is good for beginners especially as it provides a high level of handholding and support from its consultants for free.

The cryptocurrencies you buy using CoinIRA are kept securely with the IRS-approved custodian Equity Trust Company. Equity Trust Company is a trusted custodian which holds approx. 30 Billion plus in custody.

CoinIRA review

Gauging the goodness of a crypto IRA depends on a few primary factors:

  • The number of cryptocurrencies and other alternative investments you can invest
  • Minimum Account Balance you need to initiate investments
  • Fees involved like transaction fees, maintenance fees, and other additional charges
  • Quality of Customer Services
  • Ease of setting up the account, and the most important
  • Security of funds in the IRA

A complete CoinIRA review on the above parameters is given below.

CoinIRA reviews by BlockchainFundas

Best crypto IRA for beginners, since it provides handholding and support from its consultants at zero cost. The consultants can guide you in setting up your account, as well as choosing the right cryptocurrency per the market and your needs.

CriteriaRatings (out of 10)Comments if any
Number of cryptocurrencies you can invest820 different cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Aave, Basic Attention Token, Chainlink, and more.
Alternative investment options6Trade whole or fractional precious metals like gold, silver, and platinum. These precious metals are securely stored at Brinks, Salt Lake City, for easy management and convenience. 

However, other crypto IRAs like Alto crypto IRA allow investment in a whole range of other alternative asset classes like farmland, real estate, crowdfunding, startups, and more.
Service and support
9.5CoinIRA provides a high level of service, support, and handholding to users to setup account, choose investment options, and other queries.

CoinIRA consultants are available from 7 am to 7 pm Pacific time, either by phone or by email.

Customer support phone: (866) 924-5421
Email: [email protected]
Fees8Lower fees.
Security8Multi-party computation (MPC) and multi-layer security.
Insurance8Requested information on the insurance of funds.
Ratings by BlockchainFundas

CoinIRA-Pros and Cons


  • Lower fees.
  • Handholding support is provided by a team of IRA advisors, for setting up your account, choosing the right cryptocurrency for investment, and more.


  • $5000 to open a crypto IRA account.
  • Only 20 cryptocurrencies to choose from for investing.

Fees and the minimum amount needed to open an account

Startup feeZero
Maintenance fee
(Annual or Monthly)
Buy Trades1.25%
Sell Trades1%
Minimum starting
Fees: CoinIRA

Customer services

Customer support for an existing customer can be found here.

Phone number: (866) 924-5421
(Phone support available: Monday-Friday: 8:00 am-5:00 pm)

Saturday and Sunday appointments are available on appointment.

Email: [email protected]

Mailing Address: 21550 Oxnard St., 3rd Floor
Woodland Hills,
CA 91367

News and articles can be found here.

Alternative investment options

Trade whole or fractional precious metals like gold, silver, and platinum. These precious metals are securely stored at Brinks, Salt Lake City, for easy management and convenience. 

Security and Insurance

CoinIRA employs Equity Trust as the custodian of its digital assets. Equity Trust is a 45-year-old self-directed IRA custodian with over $34B in assets under custody (Source).

Equity Trust holds your digital assets using Fireblocks. Fireblocks employs multi-party computation (MPC) and a multi-layer security matrix that delivers the most impenetrable system on the market. 

How to open a CoinIRA account

The two mandates for opening a CoinIRA account to invest in cryptocurrencies are:
1) You should be a US citizen and a minimum of 18 years of age.
2) Minimum amount for investment is $5000.

Step 1: Sign in by setting up your login credentials

CoinIRA Open an Account

Go to this link. Get to the top of the page and click on “Open a free account” (see the figure above).

Set up your login credentials and log in.

Step 2: Choose the type of account

Choose from an IRA or an Individual Cash Account.

Step 3: Fund your account

You can fund your IRA by transferring funds from an existing IRA, or rollover from an employer-sponsored IRA (401(k)), or you can make your annual eligible contribution amount.

Step 4: Start investing

Once your account is funded, decide what type of cryptocurrency you want to buy or sell and when. To self-trade, simply navigate to the Trade tab on the dashboard to enter and confirm your trade details, or call Customer Support for trader assistance.

Cryptos can be purchased in whole or fractional amounts. Settlement terms are T+1


Should you invest in CoinIRA?

You can invest in CoinIRA if you wish to diversify your retirement funds into high-return yet high-risk financial instruments like cryptocurrencies, and precious metals like Gold and Silver.

However, cryptocurrency is a volatile market and I suggest individuals only invest a small portion of their portfolio, which they are potentially ready to lose.

The world of cryptocurrency is fraught with uncertainties due to new regulations, still lesser adoptions among the masses, instances of fraud, and more.


CoinIRA is one of the pioneers in the crypto IRA space, starting its operations in 2017. It allows investing your IRA or retirement funds in 20 plus cryptocurrencies and precious metals like gold and silver, at a low fee.

CoinIRA is known for providing handholding support to users to open an account, choose cryptocurrencies to invest in, and more. Hence, it is specifically apt for newbie investors.

However, if you want to look into and invest in an even more exhaustive list of cryptocurrencies and other alternative assets, then there are other crypto IRAs also. Please check a list of the 7 best crypto IRAs in 2023 here.

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