Pros, Cons, and Who Can Set up an Account

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

iTrustCapital iTrustCapital

Minimum account

$1,000 ($500 minimum after contribution)

Investment types

Cryptocurrency and precious metals

iTrustCapital iTrustCapital

Minimum account

$1,000 ($500 minimum after contribution)

Investment types

Cryptocurrency and precious metals

on iTrustCapital’s website

Minimum account

$1,000 ($500 minimum after contribution)

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Overall rating

Is iTrustCapital right for you?

Founded in 2018, iTrustCapital is an SDIRA platform that allows you to invest in IRAs with alternative assets like cryptocurrency, silver and gold. The platform offers multiple IRA types – including traditional, Roth, SEP and Simple IRA – and it allows for crypto staking rewards of up to 9.5%.

However, keep in mind that you can only stake one cryptocurrency (polkadot), and you can only fund your IRA with US dollars. it. Dollars.

ItrustCapital vs Bitcoin IRA

iTrust Capital and Bitcoin IRA both offer exposure to cryptocurrency and precious metals. But iTrustCapital is the better choice for investors looking for silver and account options like staying.

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

iTrustCapital vs Coinira

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

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

Cryptocurrency

If you’re looking to invest for retirement with alternative investments like cryptocurrencies and precious metals, iTrustCapital 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 selection, it offers the following: Bitcoin, Ethereum, Cardano, Chainlink, Polkadot, Litecoin, Dogecoin, Bitcoin Cash, Stellar, EOS, Uniswap, Compound, Sushi, Iron.Finance, Polygon – Matic, Aave, Solana, Curve Dao, Basic Attention, Engine, Algerand, Cosmos, Tezos, Maker, Shiba Inu, and Decentraland.

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

It also offers custodial cold wallets. It specifically secures your cryptocurrency through institutional-grade, offline storage. However, this can be a downside for investors looking for non-custodial wallets. With this platform, the custodian controls the keys to your crypto balances.

Stocking

iTrustCapital also offers another feature that many SDIRAs do not: stacking. 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 earn rewards.

You can borrow for 90 days through 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’re thinking of using this feature at iTrustCapital. For one, you will have to pay a 20% staking fee. The other thing to look for is that you can only stake one asset at a time: Polkadot (DOT).

Now you can capture a minimum of five DOT. As of November 11, 2022, the price of DOT is more than $5. Therefore, you will need more than $25 to start staking.

Precious metals

If you want to take the metal investing route, you can also invest in physical gold and silver. As for fees, gold costs $50 over spot per ounce. Silver costs $2.50 over spot per ounce.

iTrustCapital: Is it trustworthy?

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

The BBB reviews several factors when evaluating businesses. These include type of business, time in business, customer complaint history, licensing and government actions, advertising issues, and more. However, its ratings do not guarantee that a company will be reliable or perform well.

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

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

iTrustCapital – Frequently Asked Questions (FAQ)

iTrustCapital only insures funds you hold in USD. Its FDIC insurance does not apply to cryptocurrency or precious metals.

No. iTrustCapital charges a 1% fee for crypto transactions. You will pay $50 over spot per ounce for physical gold and $2.50 over spot 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 a situation. If this were to happen, you would still retain ownership of your assets; However, you would be required to transfer the money to another custodian.

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