Pros, Cons, and Who Can Set Up an Account

Insider experts pick the best products and services to help make smart decisions about your money (here’s how). In some cases, we receive a commission from us our partner, however, our own opinion. Terms apply to the offers listed on this page.

iTrustCapital iTrustCapital

Account Minimum

$1,000 ($500 minimum additional contribution)

Type of investment

Cryptocurrencies and precious metals

iTrustCapital iTrustCapital

Account Minimum

$1,000 ($500 minimum additional contribution)

Type of investment

Cryptocurrencies and precious metals

On the iTrustCapital website

Account Minimum

$1,000 ($500 minimum additional contribution)

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Overall rating

Is iTrustCapital right for you?

Established in 2018, iTrustCapital is an SDIRA platform that allows you to invest in race with alternative assets like crypto currency, silver, and gold. The platform offers several types of IRAs – including traditional, Roth, SEP, and SIMPLE IRAs – and allows for crypto staking rewards of up to 9.5%.

However, remember that you can only deposit one cryptocurrency (polkadot), and you can only fund your IRA with US dollars.

iTrustCapital vs Bitcoin IRA

iTrust Capital and Bitcoin IRA both offer exposure to cryptocurrencies and precious metals. But iTrustCapital is a better 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 a cheaper option when it comes to transaction fees, but Bitcoin IRA is best for cryptocurrencies and automatic features. It offers more than 60 crypto assets, and its Saver IRA allows automatic contributions.

iTrustCapital vs CoinIRA

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

Additionally, iTrustCapital may be a better choice if you want access to a slightly wider selection of cryptocurrencies; CoinIRA only offers 20 cryptocurrencies, while iTrustCapital offers 30.

Ways to invest with iTrustCapital

Cryptocurrencies

If you are looking to invest towards retirement and alternative investment like cryptocurrencies and precious metals, iTrustCapital’s SDIRA may be right for you. You can rollover funds from existing retirement accounts, including 401(k)s, 403(b)s, thrift savings plans, SEP IRAs, SIMPLE IRAs, 457 plans, and more.

As for its crypto options, it offers the following: Bitcoinethereum, cardano, chainlink, polkadot, litecoin, dogecoin, bitcoin cash, stellar, EOS, uniswap, compound, sushi, yearn.finance, polygon – matic, aave, solana, curve dao, basic attention, enjin, algorand, kosmos, tezos , maker, shiba inu, and decentraland.

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

They also offer custodial cold wallets. It specifically secures your cryptocurrencies through institutional-grade, offline storage. However, this can be a downside for investors in non-custodial search wallet. With this platform, the custodian controls the keys to your crypto balance.

Staking

iTrustCapital also offers another feature that many SDIRAs do not: staking. Staking is a way to passively build crypto wealth. With this process, you buy a set amount of crypto and lock it for a certain period of time to get rewards.

You can stake for 90 days through the platform, and you can earn up to 9.5% interest, although the return is not guaranteed. But there are two downsides to consider if you’re thinking of using this feature at iTrustCapital. For one, you have to pay a 20% staking fee. Another thing to note is that you can only count one asset at a time: polkadot (DOT).

You can now stake at least five DOT. By November 11, 2022, the DOT price is over $5. So, you need more than $25 to start staking.

precious metal

If you want to take the metal investment route, you can invest too physical gold and silver. As for costs, the price of gold is $50 more points per ounce. Silver costs $2.50 more points per ounce.

iTrustCapital: Is it trustworthy?

The Better Business Bureau giving iTrustCapital an A- rating. This is a high rating, as bureau ratings range from A+ to F.

The BBB reviews several factors when evaluating a business. This includes business type, time in business, customer complaint history, licensing and government actions, advertising issues, and more. However, the rating does not guarantee that the company will be reliable or perform well.

This is why it is important to do your due diligence before opening an account and doing business. Plus, it is equally crucial to research the legal history of a company. iTrustCapital’s slate is clear of any lawsuits, scandals, or security breaches.

It has closed two complaints in the last 12 months, according to its BBB profile.

iTrustCapital – Frequently Asked Questions (FAQ)

iTrustCapital only insures your funds are held in USD. Its FDIC insurance does not apply to cryptocurrencies or precious metals.

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

Todd Southwick is the CEO of iTrustCapital.

iTrustCapital says it maintains a business continuity plan with its custodian to address such situations. If this happens, you will still retain ownership of your assets; however, you’d need to transfer those funds to another custodian.

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