Pros and cons and who can create an account

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iTrustCapital iTrustCapital

account minimum

$1,000 ($500 minimum additional contribution)

Investment types

Cryptocurrencies and precious metals

iTrustCapital iTrustCapital

account minimum

$1,000 ($500 minimum additional contribution)

Investment types

Cryptocurrencies and precious metals

On the iTrustCapital website

account minimum

$1,000 ($500 minimum additional contribution)

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general evaluation

Is iTrustCapital Right for You?

Founded in 2018, iTrustCapital SDIRA is a platform that allows you to invest in it IRAs With alternative origins such as Cryptocurrency, silver and gold. The platform offers multiple types of IRAs – including traditional, Roth, SEP, and SIMPLE IRAs – and allows for crypto rewards of up to 9.5%.

However, keep in mind that you can only buy one cryptocurrency (polkadot), and you will only be able to fund your IRA with USD.

iTrustCapital vs Bitcoin IRA

iTrust Capital and Bitcoin IRA Both display exposure to cryptocurrencies and precious metals. But iTrustCapital is the best choice for investors looking for silver and account options like staking.

Bitcoin IRA only offers cryptocurrency and gold, but iTrustCapital offers cryptocurrency, gold and silver. iTrustCapital is also the cheapest option when it comes to transaction fees, but Bitcoin IRA is the best for cryptocurrency and automated features. It offers over 60 crypto assets, and its Saver IRA allows automated contributions.

iTrustCapital vs CoinIRA

As we mentioned above, you will love iTrustCapital if you want access to both cryptocurrencies and precious metals. CoinIRA only offers cryptocurrencies.

In addition, iTrustCapital may be a better option if you want to access a slightly wider range of cryptocurrencies; CoinIRA offers only 20 cryptocurrencies, while iTrustCapital offers 30.

Ways to invest with iTrustCapital

Cryptocurrency

If you are looking to invest for retirement with alternative investments Like cryptocurrencies and precious metals, SDIRA by iTrustCapital may be right for you. You can roll over money from existing retirement accounts, including 401(k)s, 403(b)s, thrift savings plans, SEP IRAs, SIMPLE IRAs, 457 plans, and more.

As for the selection of cryptocurrencies, they offer the following: Bitcoinethereum, cardano, chainlink, polkadot, litecoin, dogecoin, bitcoin cash, stellar, EOS, uniswap, complex, sushi, yearn.finance, polygon-matic, aave, solana, curve dao, basic care, enjin, algorand, cosmos, tezos, maker, shiba inu, and decentralization.

You will pay 1% per crypto transaction, and you can buy these assets 24/7. This is a competitive fee, as some SDIRA platforms charge up to 2.5% per crypto transaction. And for security, iTrustCapital offers $320 million in insurance.

They also provide cold-guard purses. It specifically secures your cryptocurrencies through both institutional and offline storage. However, this may be the downside for investors looking for non-custodians governor. With this platform, the custodian controls the keys to your cryptocurrency balances.

Staking

iTrustCapital It also offers another feature not available in many SDIRAs: staking. Staking It is a way to passively build crypto fortune. Through this process, you can buy a specific amount of cryptocurrency and lock it for a certain period to earn rewards.

You can bet for 90 days with the platform, and you can earn up to 9.5% interest, although returns are not guaranteed. But there are two drawbacks to consider if you are considering using this feature of iTrustCapital. For one, you have to pay 20% staking fee. The other thing to watch out for is that you can only buy one asset at the moment: polkadot (DOT).

You can currently bet with a minimum of five DOT points. As of November 11, 2022, the DOT is priced at over $5. Therefore, you will need more than $25 to start the hoarding process.

Precious metals

If you want to go the route of investing in minerals, you can also invest in them physical gold and silver. As for the fee, gold costs $50 instantly per ounce. Silver costs $2.50 instantly per ounce.

iTrustCapital: Is It Trustworthy?

The The best office work iTrustCapital gives an A- rating. This is a high rating, given that desk ratings range from A+ to F.

The BBB reviews several factors when evaluating a business. These include type of business, time in business, customer complaint history, licensing and government procedures, advertising issues, and more. However, their reviews do not guarantee that the company is reliable or doing well.

This is why it is important to do your due diligence before opening an account with a company. In addition, it is also important to research the legal history of the company. iTrustCapital’s listing is free from any claims, scandals, or security breaches.

She has closed two complaints in the past 12 months, according to her BBB profile.

iTrustCapital – Frequently Asked Questions (FAQ)

iTrustCapital It only insures the money you have in US dollars. FDIC insurance does not apply to cryptocurrencies or precious metals.

No, iTrustCapital charges a 1% fee for crypto transactions. You pay instantly $50 per ounce for physical gold and $2.50 instantly per ounce for physical silver.

Todd Southwick is CEO of iTrustCapital.

iTrustCapital says it maintains a business continuity plan with a trustee to address such a situation. If this happens, you will still retain ownership of your assets; However, you will be required to transfer this money to another custodian.

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