Better understand our pricing structure and where fees are paid from
Unchained IRAs have yearly fees, trading fees, and fees charged by Fortis Bank. These fees cover the maintenance and servicing required for these accounts.
Note: If you have multiple accounts, like personal, IRA, or business accounts, you’ll need to make changes within each account separately. Visit our pricing page to see a full breakdown of Unchained’s annual fees.
The components to Unchained IRA fees:
- Annual fees
- Bitcoin trading fees
- Optional: Concierge Onboarding fees and hardware wallets
- Fees charged by Fortis Bank
Fees charged by Unchained
|
Fee |
When paid |
Paid from |
|
|
Annual fee |
$250 |
Annually, starting year two |
Personal funds |
|
Bitcoin trading fee |
Retirement funds |
||
|
Concierge Onboarding (optional) |
$1200 |
At setup |
Personal funds |
|
Per hardware wallet (optional) |
$75 |
At setup |
Personal funds |
Common Fees charged by Fortis Bank
Please refer to the Fee Schedule on page 55 of the Unchained IRA agreement for a full list of Fortis Bank fees. Contact our team at ira@unchained.com for any questions.
|
Fee |
When paid |
Paid from |
|
|
Outbound Wire Fee |
$35 |
When Fortis sends client funds via wire transfer |
Retirement funds |
|
Roth Conversion |
$100 |
When a client converts a Traditional rollover into a Roth IRA. |
Retirement funds or personal funds (if paid separately before funds are received) |
|
Distribution or Transfer-Out |
$25 |
When a client executes an IRA distribution. |
Retirement funds |
|
Federal Tax Withholding (optional) |
$25 |
When a client executes an IRA distribution in USD |
Retirement funds |
|
Account Termination |
$150 |
Paid when closing the account and transferring your balance out |
USD outbound transfers: Retirement funds. In-kind outbound transfers: Personal funds. |
How much will I be charged at point of order?
If you opt for Concierge Onboarding ($1200) plus two hardware wallets ($150), you will pay a total of $1350.
The annual fee ($250) will subsequently be automatically charged every 12 months, starting in year two.
Is it possible to pay the Unchained IRA fees from my retirement account?
Bitcoin conversion fees are paid from your retirement account. The setup fee, annual fees, and Concierge Onboarding fee must be paid using a credit or debit card.
See the tables at the top of the article for a full breakdown of where each fee should be paid from.
If I set up multiple bitcoin IRAs do I need to pay multiple fees?
Concierge Onboarding fees only need to be paid once—we can set up multiple vaults on a single video call. Two hardware wallets can be used to secure as many vaults as you need. Starting in year two, you have to pay an annual fee for each IRA vault. If you have one traditional and one Roth IRA, for example, you will pay $500/year.
Note: No contents of this post may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.