Bitcoin IRA | Financial Services in 15303 Ventura Blvd. - Sherman Oaks CA - Reviews - Photos - Phone Number
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Bitcoin IRA

4.8
184 reviews
(Financial Services)
 15303 Ventura Blvd., Suite 1060, Sherman Oaks, CA 91403US

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(877) 936-7175

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5on Google, Sep 08, 2017
Great team. Prompt responsiveness, highly educated about the product and service. I highly recommend. more »
5on Google, Sep 08, 2017
Very helpful and informative during the process. They made transferring a useless Roth IRA over into their platform easy. more »
3on Google, Sep 07, 2017
They do seem to have a process that works and handled more/less everything. As a fairly technical person with experience buying/selling various coins and just trying to leverage bigger dollars from my IRA, I noted a few things:
1) Price/Fees: Pretty expensive. Their take was 15% off the top. The IRA custodian gets $250 for account setup + $100/year. On top of that, their BTC pricing was about 2-3% higher than market rate across several exchanges at the time you buy.
2) Manual Process: Their process involves a lot of talking to people on the phone. I'd have much preferred an electronic means to purchase my coins so I could wait for a dip. With BitcoinIRA, it was limited to business hours and required several hours between when I decided to purchase and when the coins were actually locked.
3) I feel like a 1-2 page document explaining the nuts and bolts of their process would have been helpful. They gave some flashy marketing materials but I would have appreciated a bit more transparency.
All in all, Ryan (my BitcoinIRA guy) was helpful and did a good job. Again, they seem to have a fairly well oiled process and that may appeal to people who want exposure and don't want to think about the technical stuff at all and don't mind the fees. I suspect they'll have a lot of competition when COIN or its equivalent finally hits the market.
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4on Google, Sep 07, 2017
This company is very easy to work with and has some knowledgeable employees working for them. I ran into a few hiccups, but so far so good. Fees are high but all fees related to Bitcoin are high. more »
5on Google, Sep 07, 2017
Easy but secure process. more »
5on Google, Sep 07, 2017
I called and talked to Rick; he gave me the necessary information to make a decision. He was helpful and informative.
After I transferred money, he called me back to take my order and transferre
d me to the appropriate individual to formally take my order.
He notified me that I would receive on-line notification in a couple of weeks; I still await the same.
I then proceeded to invest in an IRA in Bitcoin and Etherium.
Thank you.
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5on Google, Sep 07, 2017
They were very good at answering all my questions about fees and the buying and selling process. more »
4on Google, Sep 07, 2017
Smooth experience getting set up. Took a few days more than I thought it would, but overall delays appear related to security concerns, due diligence, etc. All my contacts with staff were professional and knowledgeable. more »
5on Google, Sep 07, 2017
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5on Google, Sep 07, 2017
Service is excellent. But only part which i did not like is they charge 15% plus $100 yearly fee. more »
5on Google, Sep 07, 2017
Everyone was very professional all throughout the transaction process. more »
3on Facebook, Sep 06, 2017
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4on Facebook, Sep 03, 2017
Being that this currently the only option to hold Bitcoin and Ethereum in an IRA, this is one of the safest options to grow your money, even with the 15% upfront fee. Stocks will eventually crash and go on cyclical ups and downs, whereas Bitcoin will multiply your money. Within 2 months, it has increased over 30% if you figure in the cost to recoup the 15%. Bitcoin is a wise move when you look at the fact that only 21 million Bitcoins will ever be created and it's in it's infancy when you look at how many people have it and how many people will be turning to it in the near future. $500,000 by 2030 is a real possibility...think about it. more »
5on Google, Aug 30, 2017
excellent customer services!
Administration fees to set up the account is pretty high! I wish it is not that high.
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5on Google, Aug 29, 2017
I appreciated the support in the startup process. As a first time investor in cryptocurrency, I'm sure some of my questions were trivial. The patience and professional approach from the staff was commendable more »
5on Google, Aug 29, 2017
Easy transaction process. Blake was extremely helpful working with me step by step to get my funds transferred over and purchase Bitcoin. more »
5on Google, Aug 28, 2017
Good service, quick transaction on the purchase. more »
4on Google, Aug 24, 2017
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4on Google, Aug 22, 2017
The purchase of ETH was facilitated by schedule an appointment a few days ahead. It does not provide flexibility to get the best fill. It is not a great issue since this ROTH IRA will be a long term hold. Also I feel a 15% commission is on the high side. I hope it can be lowered in the future. I will definitely buy more in the future. more »
4on Google, Aug 22, 2017
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4on Google, Aug 21, 2017
Service was fantastic. Very helpful and timely staff!! more »
4on Google, Aug 21, 2017
Every good experience overall. The only wish I have is they could offer dollar cost average to go in. more »
5on Google, Aug 21, 2017
Very good service from the team and easy to get a hold of someone if you have questions. Just wish I had opened the account sooner. more »
5on Google, Aug 21, 2017
Efficient. Responsive. Fast. more »
5on Google, Aug 21, 2017
extremely satisfied. more »
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15303 Ventura Blvd., Suite 1060, Sherman Oaks, CA 91403
Financial Services
Today 8:00 am - 5:30 pm

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WELCOME TO BITCOIN IRA

The digital currency bitcoin is the most exciting news in the world of commerce. It’s even more exciting to know that you can invest and open an Individual Retirement Account in bitcoin.

Given bitcoin’s swift and dramatic increase in value since its inception, you will most likely prefer a bitcoin IRA to a modest interest-bearing account with dollar-denominated investment assets like stocks in your IRA.

Getting started is easy.


What is Bitcoin?

Bitcoin is digital currency. Instead of reaching into your pocket or wallet for, quarters or dollars to pay for a product or service, you pay for them over the Internet. Bitcoin exists exclusively in cyberspace.

Bitcoin users don’t write checks or use a credit card, and therefore bypass an intermediary such as a bank in any transaction. What were formerly in-person transactions, person-to-merchant transactions or merchant-to-merchant transactions are now enabled to become peer-to-peer transactions. Merchants who honor bitcoins benefit because they’re spared a fee which customarily runs between one and two percent.

Successive participants in bitcoin transactions are recorded in a public ledger known as a block chain. Each participant is prevented by block-chain software from altering previous bitcoin transactions in any way.

The benefits bitcoin offers through the elimination of the need for banks to clear funds are momentous. In fact, the use of bitcoin eliminates the need for any fund-clearing intermediary. The very nature of bitcoin software prohibits fraud or forgery. What’s more, a digital currency transaction provides a virtual guarantee of user privacy. Also, you need no longer concern yourself with the costs of maintaining a checking account or of returned checks.

The time savings associated with the bypassing of an intermediary, especially in international transactions, could likely prove an immense boon to commerce over the next several years.

Particularly since the Great Recession of 2008, banks – particularly big banks – have become worrisome to depositors. In May of 2015, five of the world’s biggest banks were slapped with criminal charges for rigging currencies. Without much fanfare, all five banks pleaded guilty to the charges and collectively paid $5 Billion in fines.

It is extremely telling that one of these banks, JP Morgan Chase & Co., after routinely dismissing bitcoin as “unimportant” in 2015 has now announced in 2016 “Blockchain [the online technology of bitcoin] will be big in everything related to settlement, and not just loans. While it is still early days, the technology looks very good.”

Bitcoin then is highly significant in the evolution of currency. Clearly, big banks have gotten the message and do not want to be left behind. Enlightened by the new bitcoin technology, they are actively searching for legitimate ways to modernize their operations.
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Review summary

5  153
4  25
3  6
2  
1  
4.8
184 reviews
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