Bitcoin Advizers Reviews

Bitcoin Advizers
Bitcoin Advizers
Bitcoin Advizers is a crypto IRA company based in Thousand Oaks, California. Founded by Chris Mitchell, the company has partnered with Equity Trust to offer IRA services to clients. They publish daily market analysis and have a dedicated iOS app which lets their clients track their portfolio in real time. However, the company doesn’t share much information about its available cryptocurrencies and hasn’t received many reviews.
Fees & Charges
Honesty & Transparency
Customer Service
Product Selection
Experienced leadership
Reputed custody partner
Lack of transparency
High account minimum
Limited number of reviews
Expert Score

What is Bitcoin Advizers?

Bitcoin Advizers is a crypto IRA firm based in Thousand Oaks, California. Their office is located at 2625 Townsgate Rd Suite #280, Westlake Village, CA 91361 and their contact number is 1800-451-0662.

Bitcoin Advizers logo

The company has been in the industry since 2010 and focuses on advising clients on setting up crypto IRAs and investing in cryptocurrencies. 

They focus on helping customers buy, sell and trade digital currencies with their IRA. The firm has a mobile app available for iOS users as well.

The company provides customers with several free resources including a free eBook. According to their website, the company focuses on protecting and growing the wealth of consumers through bitcoin and other cryptocurrencies. 

Bitcoin Advizers clients can open multiple types of IRA accounts including Roth IRA, traditional IRA and SEP IRA.

People Behind Bitcoin Advizers:

Surprisingly, the website of Bitcoin Advizers doesn’t share any information about the people behind their operations. They only mention the name of their Chief Investment Officer, Chris Mitchell. 

It’s worth pointing out that Chris Mitchell is the CEO of a gold IRA company called Lexi Capital. He has been the CEO of that firm since 2020. 

Also, the firm’s website fails to mention that Chris is the founder of that company. 

Bitcoin Advizers CEO Chris Mitchell

Prior to founding this crypto IRA company and joining Lexi Capital, Chris was a Senior Portfolio Manager at Lear Capital. He worked there for 11 years. 

Alongside that position, he was running Search Wire, a mobile marketing and lead generation service for realtors. 

Overall, Chris Mitchell has a lot of experience in sales, marketing and alternative investments.

His vast experience has helped him lead Bitcoin Advizers and establish himself as a niche IRA provider. 

He has an Associate of Arts in Business and Psychology from Pierce College. 

Unfortunately, there is no additional information available on the people behind this firm. Although their website claims to have multiple advisors working for them, it doesn’t specify who. 

Such a lack of transparency can be a huge red flag for investors. Other crypto IRA companies such as iTrustCapital or Bitcoin IRA are quite a lot more transparent when it comes to talking about their leadership team.

Bitcoin Advizers Youtube channel

How to Sign Up with Bitcoin Advizers:

If you’re interested in investing in cryptocurrencies with this company, you would need to get in touch with one of their representatives. They will discuss your requirements with you first and then ask you to submit an IRA form. 

You would be asked to choose your preferred IRA account type. 

The available IRA accounts with this firm are: 

  • Roth IRA: No tax-deductible contributions but qualified distributions are tax-free.
  • Traditional IRA: Tax-deductible contributions but qualified distributions are taxable.
  • SEP IRA: Suitable for self-employed business owners. Your contributions would be tax-deductible but your distributions are taxable.

Once you have decided on your preferred IRA type, your advisor would ask you to decide how you would fund your new IRA. 

You can fund your IRA by rolling over funds from another IRA or adding funds directly from your bank account. 

Keep in mind that you cannot add existing cryptocurrencies to the new IRA account you open with Bitcoin Advizers.  

Once you have added the funds, you can begin buying cryptocurrencies with them. The company claims that customers would meet with their advisors regularly and the advisors would perform annual reviews. 

Bitcoin Advizers Products:

Their website doesn’t specify which cryptocurrencies they offer. This is a huge drawback and it makes it difficult to assess their reliability. 

A lack of information about the available assets can make it difficult for an investor to compare them with others. 

Still, you can expect them to offer some of the popular cryptocurrencies such as: 

  • Bitcoin: The first and the most popular cryptocurrency, Bitcoin is used for peer-to-peer payments. Over the years, Bitcoin has seen phenomenal growth. The cryptocurrency is generated through mining which involves computer-based verification. 
  • Ethereum: Ethereum is a blockchain technology which employs smart contracts for safe and secure execution. It enables consumers and enterprises to build new markets. 
  • LiteCoin: Another popular cryptocurrency, LiteCoin utilizes a relatively simpler algorithm in comparison to Bitcoin. Due to its simplicity and high processing speed, LiteCoin can process transactions 4 times faster than Bitcoin. 

I must add that there is no confirmation of the availability of these cryptocurrencies in the asset selection of Bitcoin Advizers. 

Bitcoin Advizers Fees and Cost:

The company charges a one-time fee of $550 to set up your new account. However, not all of it goes to the company as a part of it is sent to their partner custodian. 

While their website doesn’t mention which custodian they work with, a little digging helped me find out that their custody partner is Equity Trust. 

Equity Trust is a renowned IRA custodian and works with many reputed gold IRA companies too including Gold Alliance, Goldco and Advantage Gold.

Also, you would need to pay the custodian an annual storage and maintenance fee of $195 along with a monthly charge of $20 and 0.07% of your account’s total asset value.

The minimum investment requirement at Bitcoin Advizers is $20,000.

Initial Setup Fee$550
Annual Maintenance Fee$195
Monthly Fee$20 + 0.07% of total asset value
Account Minimum$20,000

Bitcoin Advizers Free Resources:

To help customers learn more about the crypto market, Chris Mitchell’s firm offers several free resources on its website. This includes a blog, video library and an eBook for those who sign up with them. 

free resources

The eBook covers the fundamentals of cryptocurrency investing. Furthermore, the company publishes daily market updates and pricing charts for top cryptocurrencies. 

 live bitcoin chart

They offer a free iOS app to their customers as well. The app allows their clients to track the value of their portfolio and place practice trades to learn more about the cryptocurrency market. However, it doesn’t have any reviews so it’s difficult to verify its reliability. 

Bitcoin Advizers Reviews and Complaints:

Despite being in the industry for over a decade, Bitcoin Advizers hasn’t received many reviews online. They are not listed on any major consumer platforms except Better Business Bureau. 

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On BBB, the company has an A+ rating and a 5 out of 5 stars rating based on 5 customer reviews. 

However, it’s worth pointing out that the company hasn’t received any complaints either. 

So, even though the lack of customer reviews is alarming, there aren’t any complaints about the company as well.

Is Bitcoin Advizers Legit?


  • Experienced leadership
  • Reputed custody partner


  • Lack of transparency 
  • High account minimum
  • A limited number of reviews

Yes, Bitcoin Advizers is a legitimate crypto IRA firm. They are partnered with Equity Trust to help consumers to open new IRA accounts with the option to buy, sell and trade cryptocurrencies. 

The company’s founder and Chief Investment Officer is highly experienced. 

They offer daily market updates and a free eBook to help consumers learn more about the cryptocurrency industry. Similarly, they have a dedicated iOS app which enables users to practice crypto trades and track their portfolio in real-time.

However, the company doesn’t share any information about its available assets and hasn’t received many reviews online. 

Also, their account minimum is quite high by industry standards. 

Opening a crypto IRA can be an excellent way to secure and grow your wealth. However, the service provider you choose will have a huge impact on your earnings. 

Their fee structure, available assets, expertise and service, all will have an impact on your portfolio. That’s why I recommend checking out multiple crypto IRA providers before choosing one. 

You can find out the best crypto IRA companies of 2023 here.