Individual retirement accounts (IRAs) are a terrific approach to ensure financial stability in the future. However, as global market volatility continues to rise, some investors consider diversifying their IRAs with alternative assets such as Bitcoin and other cryptocurrencies.
In this article, we’ll dive deep into the similarities and differences between two of the best Crypto IRA companies – iTrustCapital and BitcoinIRA.
Best Crypto Exchange Apps
Kraken is a Bitcoin and cryptocurrency exchange platform to sell, buy and trade cryptocurrencies no matter your trading experience level.
Gemini is a cryptocurrency exchange, digital wallet, and custodian to securely store crypto and easily buy and sell cryptocurrencies.
Nexo is helping crypto holders earn interest on crypto and borrow cash and stablecoins. In this Nexo review, learn what the company offers.
Coinbase is a cryptocurrency exchange app to sell and buy crypto as an individual or as an expert crypto trader using Coinbase Pro.
What is iTrustCapital?
iTrustCapital was established in 2018, and the company is based in Irvine, California. Its goal is to give investors a way to buy and sell cryptocurrencies 24/7 in a tax-advantaged retirement account.
iTrustCapital is a leading fintech software platform for alternative assets, allowing customers to purchase and sell cryptocurrencies and physical gold and silver straight from their retirement accounts in real time.
iTrustCapital reduces the inefficiencies and obsolete methods of existing IRA models, allowing investors to shift money from their retirement accounts into the Cryptocurrency and real gold and silver markets safely, simply, and legally.
What is BitcoinIRA?
BitcoinIRA is a solution for investing in cryptocurrency through your IRA.
To finance their retirement accounts, users can invest in various cryptocurrencies. Then, in just a few minutes, they can open an account.
Their platform is available to novice and experienced traders 24 hours a day, 7 days a week, through the web or mobile app, and trading may begin within 3-5 days of account financing.
Differences and Similarities Between iTrustCapital vs. BitcoinIRA
Both BitcoinIRA and iTrustCapital offer a variety of features. However, before choosing any one of these cryptocurrency IRAs, it is advisable to see which company offers better benefits.
Cryptocurrencies
Not every cryptocurrency IRA offers the same number of cryptocurrencies. In this case, iTrustCapital currently offers over 80 cryptocurrencies, while BitcoinIRA offers more than 60 cryptocurrencies. Both iTrustCapital and BitcoinIRA allow you to invest in precious metals.
iTrustCapital supports BTC, ETH, XRP, SUI, ADA, BAT, ENJ, ALGO, ATOM, XTZ, CRV, SOL, AAVE, MATIC, YFI, SUSHI, COMP, XLM, and other cryptos, totaling 80+, with more being added on a regular basis.
BitcoinIRA supports 1INCH, BNT, DASH, ADA, BAT, ENJ, ALGO, ATOM, XTZ – a total of 60+ cryptocurrencies.
Fees
iTrustCapital has some of the lowest fees in the industry. While it is usual to pay up to 15% for each transaction to buy and sell cryptocurrencies, iTrustCapital has only a1% fee for each transaction (buys and sells). Clients do not pay a monthly fee, and there are no initial purchase costs, broker fees, or scaling depending on asset size.
A custodian fee, a security fee, and a one-time service fee are all charged by BitcoinIRA, although interested investors must contact a customer service representative for precise figures.
Security
A secure IRA is essential for all parties involved.
BitcoinIRA provides 256-bit secured SSL trading, keeps digital assets offline in separate cold storage accounts, and insures them up to $700 million.iTrustCapital utilizes third-party U.S.-based institutional storage providers via Coinbase Custody and Fireblocks, to secure clients crypto assets.
Requirements
You must be a U.S. citizen to use both BitcoinIRA and iTrustCapital.
Minimum Investments
The initial investment required by BitcoinIRA is $3,000, or $100 per month, through their Saver IRA, which is connected to a bank account. There is no limit on the amount of money that can be invested.
The minimum investment in iTrustCapital is $1,000.
Mobile App
BitcoinIRA offers a mobile app, both on Android and the Apple Play store, through which you can set up an IRA account and digital wallet in just a few minutes. You can also start trading cryptocurrencies after the account is set up, within three to five days after funds are sent to your account, and you can buy, sell, and trade online at any time.
iTrustCapital on the other hand offers a desktop and mobile application on iOS and Android. Features on the mobile app mirror the desktop app, which includes buying/selling, crypto staking, funding/withdrawals, opening a non-IRA Premium Custody Account, setting conditional transactions, setting recurring buys, and more!
In summary, both BitcoinIRA and iTrustCapital are a great way to start your digital assets investment journey and boost your retirement savings. However, iTrustCapital does provide more features with additional cryptocurrencies, both of which are important factors when considering any crypto IRA.
Best Crypto Exchange Apps
Kraken is a Bitcoin and cryptocurrency exchange platform to sell, buy and trade cryptocurrencies no matter your trading experience level.
Gemini is a cryptocurrency exchange, digital wallet, and custodian to securely store crypto and easily buy and sell cryptocurrencies.
Nexo is helping crypto holders earn interest on crypto and borrow cash and stablecoins. In this Nexo review, learn what the company offers.
Coinbase is a cryptocurrency exchange app to sell and buy crypto as an individual or as an expert crypto trader using Coinbase Pro.
