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CoinIRA Review

CoinIRA Review
  • Editor Rating

  • Rated 4 stars
  • Excellent
  • 0/5 Avg. User Rating

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  • CoinIRA Review
  • Reviewed by:
  • Published on:
  • Last modified: May 19, 2020
  • Quality
    Editor: 95%
  • Customer Support
    Editor: 85%
  • Pricing & Fees
    Editor: 80%

Review Summary:

CoinIRA has the strength of an established Gold IRA company behind it in parent Goldco. This means that CoinIRA's management brings 10 years of experience in working with IRA accounts and trades to the table. We like their extensive selection of cryptocurrencies and educating customers first approach to doing business.

Company Information & Background

CoinIRA is a subsidiary of Gold IRA company Goldco. The cryptocurrency IRA company began operations in 2017. In the space of only a few years, CoinIRA has rapidly grown into one of the leading national companies in offering investors the capability of acquiring cryptocurrencies for their retirement accounts. The firm was among the first within the U.S. to provide investors with the options to invest their money in Bitcoin, Ethereum, and Litecoin as a means to diversify and increase the value of their retirement assets. Over the last few years, CoinIRA has been featured on the following major media outlets and publications:

CoinIRA has benefited tremendously from its unfettered access to Goldco's over a decade of experience and customer base. The company has a goal to maintain its leadership position in the cryptocurrency investment sphere. What separates it from many of its competitors is that CoinIRA is drawing from Goldco's years of experience with the self directed IRA market. CoinIRA also benefits from the established relationships that Goldco has with IRA custodians. This in-house expertise in already helping IRA clients makes it easier for CoinIRA to deal with all aspects of the market.

CoinIRA is able to work with existing IRA and 401(k) account holders as well as with clients who do not yet have retirement accounts established. They assist novices and experts with the world of Bitcoin and the cryptocurrencies. A key focus of the company is on helping individual investors to personalize their security features for the new assets and their account so that their digital assets are optimally safeguarded.

CoinIRA Management

CoinIRA management is led by the Goldco parent company team. This includes the Goldco founder Trevor Gerszt and company CEO Brenda Whitman.

Corporate Founder Trevor Gerszt

Trevor Gerszt

The founder of CoinIRA is Goldco (the parent company) founder Trevor Gerszt. Gerszt has a long background in the world of precious metals and alternative investments. He was born and raised in the world's second biggest gold mining nation of South Africa. Gerszt's family encouraged him in his collecting of precious metals so that he grew up acquiring numismatic gold coins. This helped him to understand the importance of obtaining alternative investments like precious metals in a portfolio while he was still young.

In 2006, Trevor Gerszt opened Goldco in Woodland Hills, California. His goal was to help clients in need of a trustworthy partner to include silver and gold in their retirement accounts. Gerszt extended this focus to include cryptocurrencies back in 2017 when he established a business subsidiary in CoinIRA. With over a decade and a half of expertise in helping customers to add alternative assets to their IRAs and 401(k)s, Gerszt continues his focus on educating would-be customers to make the best choices in diversifying and growing their retirement accounts.

Brenda Whitman

CEO Brenda Whitman

Brenda Whitman worked her way in to the position of CEO with CoinIRA's parent company over the last five years at Goldco. She has worn a variety of hats at the company, beginning with Director of IRA Services in year 2015. In the meantime, she has served the firm as Chief Operations Officer in 2017 and CEO from February of 2018.

Whitman came to Goldco and CoinIRA with over 10 years experience working at Capital Gold Group. She worked in such varied roles while there as Vice President, Director of IRA Services, and Senior Controller. Whitman was also responsible for running the company's National Affiliate Program while at Capital Gold Group. She gained valuable experience in helping other financial professionals to offer their customers the ability to have physical precious metals in their investment and retirement portfolios. As such she showed financial professionals how to help their customers protect their savings, investments, and retirement holdings.

CoinIRA Account Opening Process

CoinIRA makes it as easy as possible to open your Bitcoin IRA account. They do this by providing a complete service in buying cryptocurrencies. CoinIRA works with Colorado-based, third party custodian New Direction IRA to help get your new IRA account up and running as efficiently as possible. After your account has been activated, you can fund it directly or transfer funds over in a rollover process. From this point, CoinIRA will handle your live cryptocurrency trades on a top, reputable exchange and then transfer your assets over to the wallet you designate.

CoinIRA Company's Digital Assets Storage

CoinIRA calls security their highest priority. They pledge to safeguard and protect your cryptocurrency transactions from theft or fraud regardless of how big or small your purchase may be. This starts with the transaction. After your funds are available, CoinIRA has a special process for verifying all transactions. They utilize a recorded ID confirmation. Your trade is then executed with you on the phone live working with one of the company traders. The company uses this process to eliminate anonymous Internet trade fraud.

For storage, you have three different possible choices to pick from for our own personal needs. You can utilize a hard wallet like Ledger, KeepKey, or Trezor. You may also select a software wallet. The third choice is to rely on one of the online exchange wallets. CoinIRA goes through each of these storage options to help you select the one that is most ideal for your individual situation.

The company also works with keys to protect your digital assets. Keys will be generated to ensure their security. Hard wallets utilize backups that are self encrypted and paper backups (or “seeds”) that they establish when you initially set them up. By storing your seeds in another location, you can rest assured that you are the only one with access to your digital holdings.

CoinIRA Company Products

CoinIRA offers an extensive range of IRA-approved cryptocurrencies, meaning that their clients have many choices.  Their full lineup includes the cryptocurrencies Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and XRP. When you buy in cash accounts, they have a $30,000 minimum requirement. Unlimited purchases are possible on Bitcoin, Ethereum, XRP, and Litecoin with these cash accounts. This $30k purchase minimum is waived for Bitcoin IRA account purchases.

CoinIRA Reviews, Ratings and Complaints

Below we provide a range of consumer ratings and reviews on the parent company of CoinIRA — Goldco. You can study these reports compiled by the most trusted and dependable consumer ratings agencies and reporting sites. By clicking on the links given, you will be able to investigate the reviews along with any customer complaints in depth.

  • BBB Rating: A (Details)
  • BBB Complaints: 0 complaints in the last 3 years (Details)
  • BCA: AAA (Details)
  • BCA Complaints: 0 complaints in the last 3 years (Details)
  • CitySearch: Not Rated (Details)
  • Google+: Not Rated (Details)
  • RipOff Report: Not Rated
  • SiteJabber: Not Listed
  • Trustlink: 4.8 out of 5 stars (4.8 / 5) based on 245 reviews (Details)
  • Yellow Pages: Not Rated (Details)
  • Yelp: Not Rated (Details)

CoinIRA's ratings are good, but they do not have as many as the top leader in the industry, Regal Wallet.

CoinIRA Contact Information

Key Pages from the CoinIRA Website

Below we list the most important pages from CoinIRA’s official website. By reading this information you will be able to learn more about the company and what it has to offer you.

Review All CoinIRA Options Before Investing

It is crucial to review and research the reputable existing options before you undertake a Bitcoin or other digital currency purchase for your own IRA investment strategy. You should feel confident in the firm with which you are entrusting your IRA accounts and holdings. Buying digital assets for your IRA is an important decision. You can read the full reviews of other industry competitors here.

Do You Own/Represent CoinIRA?

If you are a representative of CoinIRA and would like to get in touch with our reviewers in order to speak about the ratings, then use this contact form.

Pros of CoinIRA Review

  • CoinIRA is backed by an industry-leading Gold IRA company Goldco.
  • They feature an education first, low pressure approach to investing for their clients.
  • CoinIRA offers a wide selection of cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and XRP.

Cons of CoinIRA Review

  • The company is not transparent on their website about how much their fees are for establishing and maintaining a Bitcoin IRA account with them.

CoinIRA Review Summary

CoinIRA has the strength of an established Gold IRA company behind it in parent Goldco. This means that CoinIRA's management brings 10 years of experience in working with IRA accounts and trades to the table. We like their extensive selection of cryptocurrencies and educating customers first approach to doing business.

Editor rating
Rated 4 stars
User rating
Rated 0 stars