iTrustCapital is a digital asset IRA platform that began in 2018. It lets you invest in 25+ popular cryptocurrencies plus physical gold and silver. ince its inception, the company
With iTrustCapital, you can trade popular cryptos 24/7 right from your account dashboard; no need for external exchanges or complex trading tools. And with low and transparent pricing, it's not surprising that iTrustCapital is a leader in this crowded, niche space.
If you want a cost-effective way to invest in cryptocurrency with your IRA, iTrustCapital is for you. It's one of the lowest-fee self-directed IRA investing options on the market. And even though it only supports around 30 coins, there's enough selection for you to add major cryptos to your portfolio.
The main reason to use iTrustCapital is its low fees. Plus, the platform supports major cryptos and is also very easy to use
Setting up an iTrustCapital account only takes a few minutes. Once you select your IRA type, you choose how you're funding your account and how much you want to contribute. Currently, it supports Roth, Traditional, and SEP IRAs.
From there, it takes around one to three business days for iTrustCapital to review and open your account.
In comparison, competitors like Rocket Dollar can take a few weeks to get up and running. This is because Rocket Dollar sets up an LLC on your behalf to open up more investing options. This is a more flexible approach, but more complex, whereas iTrustCapital keeps things simple.
Despite its low fees and ease-of-use, there are two main drawbacks of using iTrustCapital to invest in your IRA.
You get major cryptocurrencies with iTrustCapital, but there's still under 30 cryptos. On the other hand, competitors like Alto let you invest in 175+ cryptocurrencies. And leading crypto exchanges like Binance and Coinbase support hundreds of cryptos.
Another perk of iTrustCapital is that it lets you invest in physical gold and silver in addition to cryptocurrencies. However, other alternative IRA investing platforms offer even more asset classes for you to explore.
For example, both Alto IRA and Rocket Dollar let you invest in assets like:
Different deals have various investing requirements and fees, and some options are only open to But having more investing selection is still one area where iTrustCapital can improve.
You don't pay monthly account management fees or set up fees with iTrustCapital. The main fee is a 1% cryptocurrency transaction fee you pay whenever you buy or sell assets. You also pay varying gold and silver transaction fees if you invest in precious metals.
You create an iTrustCapital account by entering your name, phone number, email, and password. Once you confirm your email, you can finish completing your application and choose the type of IRA you want to invest in. You select a funding method as well, which can be check, wire transfer, or ACH, and then select a beneficiary.
Since iTrustCapital follows know your customer (KYC) requirements, you have to verify your identity to actually start investing. Verification takes around one to three business days, after which point you can begin using your account.
Note that cash contributions take around a week to deposit and that IRA transfers take one to two weeks. And an employer plan rollover can take three to four weeks to complete.
You can contact iTrustCapital customer support by using its contact page on its website. There's also a useful FAQ section you can refer to. Customer support is also available over the phone at 562-600-8437, Monday through Friday, from 8am to 4pm PST.
One advantage of iTrustCapital is that it works with Coinbase as its custodian. This means most of your crypto gets held securely in You also benefit from Coinbase's insurance policy which protects against theft, cyber crime, and hacks. Fireblocks, which provides extra security for digital currency transactions, is also a partner.
The downside of iTrustCapital is that you can't store assets in your own like This is to keep your investments IRS-compliant, but it means you have to give up control. However, iTrustCapital is still a safe and secure way to invest in digital assets through an IRA.
We think iTrustCapital is one of the best IRA crypto investing options. However, it falls behind some competitors like Alto in terms of investment selection. And some other alternatives are also more flexible or provide the opportunity to earn passive income.
For basic crypto IRA investing, Rocket Dollar isn't worth the fees. But if you want as much flexibility as possible, it's one of the best alternative asset investing platforms for your IRA.
Bitcoin IRA is one of the most popular iTrustCapital alternatives that's known for its ease-of-use. The platform lets you invest in 60+ cryptocurrencies and has a $3,000 minimum investment.
The main downside is that it charges a 5.99% set up fee, 2% trading fee, and 0.08% monthly management fee. This is more than twice the price of iTrustCapital, and a 5.99% set up fee is steep.
However, one selling point is the Bitcoin IRA Earn program. This program lets you earn interest on cash and crypto in your accounts, with APYs of up to 6% depending on the asset.
Over the past few years, several companies have popped up that let you invest in digital assets or other alternative assets within a retirement account. However, many of these companies charge high set up fees and ongoing monthly fees. Additionally, many companies are complex and can take weeks to create your account.
But with iTrustCapital, you get a simple and low-fee solution for crypto retirement investing. If you want more crypto selection, we still recommend owever, iTrustCapital is secure, easy-to-use, and affordable, so it's still an excellent choice for crypto enthusiasts.
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