iTrust capital is a self-directed IRA platform that allows investors to diversify their retirement portfolios by investing in cryptocurrencies and precious metals. Founded in 2018, iTrust capital has grown rapidly to on-board over 22,000 funded accounts with over $2 billion in trading volume.
iTrust capital offers a wide range of IRA options to diversify your portfolio with major cryptocurrencies, gold and silver. It also uses two-factor authentication to secure your account.
IRA fees
IRA fees can have a significant impact on your account balance. Even a half-percentage-point difference can add up to thousands of dollars over time.
Whether you’re investing for retirement through an IRA or other savings vehicle, the best approach is to minimize fees as much as possible. Keeping these costs down will help ensure your account is worth more when you’re ready to withdraw it.
The first thing you should do is research the IRA fees of potential custodians. Many reputable IRA providers charge no custodial fee to open and maintain an IRA, although others may charge for low-balance accounts.
Investment management fees are another common charge. These are typically charged for accounts managed by human advisors, but robo-advisors generally have lower fees because they use artificial intelligence and data analysis technology. These charges can range from 0.20% to 0.36%.
Trading fees
iTrust Capital is a relatively new digital asset IRA that allows you to invest in 25+ popular cryptocurrencies, as well as gold and silver. The trading platform is simple and straightforward, and has low introductory trading fees.
Unlike most IRAs, it also supports multiple types of IRAs, including Traditional, Roth, and SEP IRAs. Additionally, it has a comprehensive Getting Started guide.
iTrust Capital has one of the largest crypto IRA libraries in existence, and is an excellent option for long-term investors seeking tax advantages, low trading fees, and access to some of the hottest cryptocurrencies out there. They are also among the most liquid IRA crypto platforms in the business, which means you can buy and sell cryptocurrencies in real-time. iTrust Capital also offers an impressive reinsurance program of up to $50 million, which is more than enough to ensure your 401(k) is safe from any crypto related financial mishaps. iTrust Capital is also one of the most affordable IRA crypto platforms to boot, with an average cost of less than 1% per trade.
Gold and silver fees
Gold and silver fees are the costs associated with buying and selling precious metals. They are based on the spot price, which is the current open-market value of the metals.
Traders determine gold and silver spot prices on futures exchanges, where contracts are traded for 5,000 ounces of each metal (for silver) or 100 ounces of each metal (for gold). These large transactions put most individual investors out of reach.
These transactions are mainly done by financial institutions who use them as a hedge against risk. They also use them as a way to make speculative moves and trade with very short notice.
Gold and silver have traditionally been used as store of value and an inflation hedge. They are also a safe and liquid asset that tends to perform well in economic, monetary, and financial crises. Nevertheless, they are not without their risks. Investors should consider their own personal outlook and the economy in general before committing to precious metals as an investment.
Deposit fees
iTrust Capital is one of the few self-directed IRA providers that allow you to buy and sell cryptocurrencies within your retirement account. This feature is a must for any crypto enthusiast, especially if you’re looking to lock in some of the market’s most interesting price movements.
The platform uses a pair of FDIC-insured custodians, Signature Bank for the deposits and Coinbase for the trading assets. It also has a bevy of security measures in place to protect your digital assets. Its slick mobile app and web dashboard make it easy to manage your accounts. The company’s best-in-class customer support is a plus, with helpful and friendly support agents ready to answer your questions. iTrust Capital is also the most transparent IRA provider around. They’re not afraid to admit that they make mistakes, and they’ll take your feedback on board. The best part is that you don’t have to pay a fortune to get started. The iTrust Capital website will walk you through the process from start to finish.