Welcome to my Blockmint Review.
Are you interested in this cryptocurrency IRA service provider? Well, before you make any decision, it is crucial to do your research first to avoid being scammed.
This Blockmint Review will help you with that. This contains all the vital information you need about the company.
Without further ado, let's get started.
Blockmint Review Quick Summary
What is Blockmint?
They are applauded for how they deliver the said services, they’ve managed over $3 billion worth of retirement transactions. Their works have magnified Blockmint’s credibility.
Blockmint’s forte is giving opportunities to investors to grow their 401(k) or IRA funds by using cryptocurrencies. That is where Blockmint comes in.
They guide and advise investors on how to invest their Bitcoin and other cryptocurrencies into appealing and professional tax-beneficial retirement portfolios.
Other than that, they also help them purchase cryptocurrencies that they can channel into cryptocurrency IRA, and sell their cryptos when they wish to withdraw their friends before they retire.
Blockmint partners with New Direction IRA who does the IRA custodian services. These two work together to make sure the clients’ transactions are safely and properly carried out.
Blockmint Investment Accounts
Blockmint has a website that features all the prices of the cryptocurrencies available within their company. These are the cryptocurrencies:
- Bitcoin Cash
- Ethereum Classic
- Ripple -XRP
No matter when you’ll look up their website, the displayed prices for the mentioned cryptos are up to date.
Blockmint requires a minimum balance of $10,000 in your crypto IRA for a chance to invest in them.
They also have other investment groups which are just portions of different amounts of funds that any investor can deposit in their crypto IRAs. These are the investment groups
- $10,000 - $25,000
- $25,001 - $50,000
- %50,001 - $100,000
Blockmint offers a guide about how investments work on the various categories above and they do it for free.
Blockmint charges a commission fee of 15% of your cryptocurrency purchases, however, it also gives discounts if you do a huge purchase.
The minimum investment amount which is $10,000 is not allowed to be split between the mentioned cryptocurrencies.
How does it work?
There are only three steps between you and your cryptocurrency IRA investment. Blockmint has made the steps very simple and easy to follow. The steps are the following:
- Application - Before anything else, Blockmint will ask you to answer an easy and secure retirement application form online. This will allow Blockmint to retrieve all the necessary information they need to set up your IRA account.
- Specify the amount - Next, you will be advised to decide and indicate the total amount you want to be transferred to your crypto IRA account from your current retirement account.
- Finalizing - Lastly, Blockmint will help you choose what cryptocurrency best fits you and the choosing of the lock-in pricing.
Blockmint Pros and Cons
- Trusted partners
- Practices transparency
- Offers a wide variety of cryptocurrency IRAs
- Volatile assets
Is Blockmint a scam?
Let's conclude this Blockmint Review with the answer to this question. The chances of Blockmint being a scam company is very slim. It was owned by Lear Capital, which is a legit precious metals company offering good services.
Moreover, Blockmint is partnered up with New Direction IRA, which is another excellent company in the precious metals and IRA industry.
If you are looking for the best precious metals company and IRA service provider, check out my top recommendation below.
Thank you so much for reading my Blockmint Review. If you have any comments or questions, feel free to leave them in the comments section.