Blockmint IRA Reviews

Blockmint IRA
Blockmint IRA
Blockmint IRA is a crypto IRA firm based in California. They are the cryptocurrency arm of highly experienced precious metals dealer, Lear Capital. The company has partnered with Equity Trust and Genesis to provide secure storage and a seamless trading experience to customers. Their selection includes many notable digital currencies including Bitcoin and Litecoin. However, they lack transparency and haven’t received any reviews online.
Fees & Charges
Honesty & Transparency
Customer Service
Product Selection
User Rating0 Votes
Unique fee structure
Reputed custody partner
Lack of transparency
Limited selection of cryptocurrencies
No reviews available online
Expert Score

Blockmint IRA Review – A Quick Overview

Blockmint IRA is a crypto IRA firm based in California. They are the cryptocurrency arm of highly experienced precious metals dealer, Lear Capital. The company has partnered with Equity Trust and Genesis to provide secure storage and a seamless trading experience to customers.

Blackmint IRA

Their selection includes many notable digital currencies including Bitcoin and Litecoin. However, they lack transparency and haven’t received any reviews online. 


  • Unique fee structure
  • Reputed custody partner


  • Lack of transparency
  • Limited selection of cryptocurrencies
  • No reviews available online

Table Of Content

What is Blockmint IRA?

Blockmint IRA is a crypto IRA company based in California. Their office is located at 9100 Wilshire Blvd., Suite 800E, Beverly Hills, CA 90212. 

Similarly, their contact number is 833-599-6468. The company has been in the industry since 2017.

They are a subsidiary of highly experienced precious metals dealing firm, Lear Capital. Lear Capital has been in the industry for years and is a reputed company. They have managed over $3 billion worth of retirement transactions. 

Hence, their background certainly works in Blockmint’s favour. 

Blockmint IRA offers clients a unique fee structure, military-grade storage of digital assets, and a convenient trading platform. 

Also, the company has received an A+ rating from the Better Business Bureau. 

 Blockmint IRA website

They provide consumers with a free guide to help them get familiar with the highly-competitive and ever-changing cryptocurrency industry. 

Furthermore, Blockmint has partnered with reputed IRA custodian, Equity Trust. If you’re interested in expanding your retirement portfolio and enhancing its returns, investing in cryptocurrencies can certainly be useful. Just ensure that your portfolio is well-balanced.

Another unique highlight of Blockmint is it lets you digital currencies like stocks. They have a dedicated trading platform which lets you buy, sell and trade cryptocurrencies with just a few clicks. 

Understanding the technical know-how of crypto transactions can be challenging. Blockmint IRA focuses on simplifying that process.

They have been featured in multiple notable publications including Forbes and the New York Times. 

People Behind Blockmint IRA:

Unfortunately, the website of Blockmint IRA fails to share any details about its leadership. The company’s “About” section only mentions the initials of their CEO: JJ. 

This can be a disappointment for many investors considering how most of the reputed crypto IRA firms maintain full transparency in this regard. 

For example, iTrustCapital doesn’t hesitate to share details about its executive leadership including its CEO, CVO and others. 

Similarly, Bitcoin IRA mentions the name of its founder and CEO, Camilo Concha on multiple platforms. 

Sharing such details instils confidence in the consumers. A 2016 study revealed that 94% of consumers would be loyal to a brand which offers complete transparency. 

Hence, this can be a major red flag for those interested in Blockmint IRA.

However, there is ample information available about the leadership of their parent organization, Lear Capital. So, I’ll be sharing some details about them:

John Ohanesian (Lear Capital CEO)

Blockmint IRA CEO John Ohanwsian

John Ohanesian is the CEO and President of Lear Capital. He has been in that position since June 2017 and before that, he was the Chief Strategic Officer of a medical device company called Theradome, Inc for nearly a decade. 

He has been in leadership roles for several decades and this experience helps him lead the reputed gold IRA firm. 

John Ohanesian is a graduate of Sonoma State University. Also, he has a Master of Arts in Health Administration from California State University, Long Beach. 

Kevin DeMeritt (Lear Capital Owner)

Kevin DeMeritt is the founder and owner of Lear Capital. He has been leading the company since 1997 and is responsible for its current success. 

Apart from founding and running one of the largest precious metals firms in the US, he is also the founder of Wilshire Finance Partners. He founded the private lending firm in 2008. 

Wilshire specializes particularly in real estate lending. 

How to Invest with Blockmint IRA:

The signup process of this crypto IRA firm is rather simple. You would first need to open an account with them which barely takes 3-5 minutes. 

While creating an account, you would need to choose the suitable IRA type for your account. 

  • Traditional IRA: Here, your contributions are not taxable but qualified distributions would be taxable. 
  • Roth IRA: In a Roth IRA, your contributions would be taxed but qualified distributions would be tax-free. 

The account grows tax-deferred in both cases. 

Blockmint IRA steps

Then, you would have to add funds to this account. You can either rollover funds from an existing IRA or deposit money from your bank account. 

Once your account has the necessary funds, you can begin trading cryptocurrencies available in the product selection of Blockmint IRA. 

You don’t necessarily need to open an IRA with this company as well. They offer cash accounts to customers as well which allow you to trade cryptocurrencies without using your IRA funds. 

Blockmint IRA Products:

Blockmint IRA has a decent selection of cryptocurrencies to offer to clients. You will find all the major digital currencies in their selection including: 

  • Bitcoin: Bitcoin is the world’s first cryptocurrency and the most well-recognized name in the industry. They are exchanged through a digital ledger called a blockchain.
  • Ethereum: Ethereum is a decentralized blockchain platform enabling a peer-to-peer network for the execution and verification of smart contracts. It is among the most popular cryptocurrencies in the market.
  • Litecoin: Litecoin entered the crypto market in 2011. Their processing speed is 4x the processing speed of Bitcoin. This helps the digital currency remain cheaper and faster than its predecessor.
  • Dai: Dai is a decentralized stablecoin which runs on Ethereum. It tries to maintain a value of $1. However, it is not backed by US dollars. Instead, it is backed by collateral on the Maker platform. 

They offer 17 cryptocurrencies at the time of writing this review. However, the company constantly adds new cryptocurrencies to this selection. 

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Additional notable names in their selection include: 

  • Aave
  • Basic Attention Token
  • Bitcoin Cash
  • The Graph
  • Chainlink
  • Livepeer
  • Stellar Lumen
  • ZCash

While this collection is certainly impressive, it is smaller than some of its prominent competitors. For example, Bitcoin IRA provides its customers with more than 60 cryptocurrencies. 

Furthermore, both iTrustCapital and Bitcoin IRA allow their customers to invest in precious metals by using their crypto IRA. 

These points can be a bit disappointing for some investors interested in Blockmint IRA.

Blockmint IRA Fees and Pricing:

The pricing structure of Blockmint IRA is quite unique. You have the option to choose from two fee structures: 

Blockmint IRA fees & charges

Flat Fee:

If you opt for a flat fee, you would need to pay a fixed rate of $499 for your account. There is no additional fee for your cryptocurrency IRA. This means you wouldn’t have to pay any setup fees, monthly charges, annual fees or trading fees.

Flex Fee:

In this case, you would be paying 0.5% per trade. Again, the company doesn’t charge any setup fee, monthly fee or annual fees for your account.

Alternatively, if you get a cash account with Blockmint, you would only need to pay 0.5% per trade for that account. The company offers one login for both accounts so investors wouldn’t face any problems managing them. 

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Furthermore, Blockmint IRA can change its account fee structure on every anniversary. This is a unique feature and can be pretty helpful if you don’t like your chosen fee structure. 

Additional Highlights of Blockmint IRA:

Apart from being the subsidiary of one of the largest precious metals dealers, there are plenty of qualities which set Blockmint IRA apart from the rest of the market:

Partnership with Genesis Trading: 

To enable smooth trading for its customers, Blockmint IRA has partnered with the highly recognized crypto trading platform, Genesis. 

Genesis provides clients with institutional trading facilities. They have been in the industry since 2013 and provide clients with 24/7 coverage and support. 

Another crypto IRA that has partnered with Genesis is BitIRA. Certainly, they enjoy a strong reputation in the industry. 

Free Cryptocurrency Guide:

Blockmint IRA takes client education quite seriously. To help new investors get started and learn about the importance of cryptocurrencies in a retirement portfolio, the company offers a free guide. 

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Their Build Your Retirement Wealth the Power of Cryptocurrencies guide can certainly be useful for a beginner. 

To get this guide, consumers only need to enter their name and contact information on Blockmint’s website. The company will send the guide straight to your email and you can start reading it right away. 

Highly Secure Storage:

The custody partner of Blockmint IRA is Equity Trust. They are one of the most well-recognized names in the industry and work with many reputed gold IRA companies including USAGold and Gold Alliance.

Equity Trust offers cold storage for your digital assets. This means your cryptocurrencies go offline when they are not in use. Hence, they are protected from any hacking attempts. 

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Furthermore, the company uses military-grade, multi-signature encryption which meets CESG and CCTM certification with 4096-bit RSA and AES.

That’s not all. 

Their partnership with Genesis allows them to provide enhanced security to your crypto assets as well. The trading platform offers $600 million of insurance coverage. Also, they go through independent, third-party verifications and audits to make sure everything is in place. 

Blockmint IRA Reviews and Complaints:

Their BBB profile has an A+ rating. However, the company hasn’t received any reviews because it has been in the industry for only 4 years. 

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Similarly, there are no Blockmint IRA complaints on Better Business Bureau as well.

Is Blockmint IRA Legit?

Yes, Blockmint IRA is a legitimate company. They have been in the industry since 2017 and are a subsidiary of one of the biggest names in the precious metals industry. 

The company has partnered with Equity Trust and Genesis to ensure their customers get a smooth trading experience free of any worries. They store your digital assets in cold storage and offer $600 million in insurance coverage. 

Furthermore, they have two different types of fee structures available and you can choose the one which matches your requirements. Their selection includes almost all of the popular cryptocurrencies including Bitcoin, Ethereum and Litecoin. 

However, the company doesn’t share any details about its leadership on its website. Furthermore, it hasn’t received any reviews online. 

Their selection is significantly smaller than most of their competition. 

Summary: Should You Invest with Blockmint IRA?

Blockmint is impressive but I don’t think I can recommend it to investors.

Opening a crypto IRA can help you expand your retirement portfolio while securing your wealth at the same time. However, the crypto IRA provider you choose will play a major role in determining how much returns you get. 

That’s why I recommend checking out multiple crypto IRA providers before finalizing your choice. 

This way, you would be able to get an idea of what the industry has to offer. It would help you make a well-informed decision. 

I recommend you should check out our list of the best crypto IRA companies first.