Today we do a review for you on Bitvest IRA. What is Bitvest IRA? A scam or a legit custodian for you? Are they a good option for you or should you look at other alternatives? These are some of the main questions this short review will focus on.
Company: Bitvest IRA
Owner: Not listed on their website and nowhere else to be found (NOT a good sign)
Price: No fees mentioned on their website
Who is it for: People looking to invest in Bitcoin from their retirement account
Overall rating: (2 / 5) NOT Recommended
What is BitVest IRA – About the company
BitVest IRA is a completely new player in the Bitcoin IRA market. There is info on their website that they originaly come from the “mining space” and have been active since 2014 under the name of Bitvest Digital Mining. They have (according to their website) mined over 18,000 Bitcoins up until today. Back in 2016 they started to offer the public Bitcoins for sale through their “spin-off” company named BitVest Mint. They did that at a discounted rate, the reason they could is due to their mining knowledge.
On the Bitvest IRA website, you can see that their partner to be able to go into the Bitcoin IRA space is a company that has been dealing with retirement investing (also since 2014) named Madison Trust Company.
Important to mention here is that their reputation is NOT among the best in the industry (more on that further down in this review)
What cryptocurrencies can you invest in?
So, do they offer you any other coins other than Bitcoin to invest in on BitVest? Short answer, no they do not. Bitcoin is the only cryptocurrency they offer its clients.
How does it work then?
There is not much info on how to get start