iTrustCapital vs BitIRA

We’ve reviewed the top Cryptocurrency IRA Companies to help you to choose the right Bitcoin IRA. A Crypto IRA lets you hold digital assets in your retirement account. We may receive a commission from our partners but our reporting and recommendations are always independent and objective. For more, read our Compensation Policy.

A crypto IRA is a type of retirement account that allows investors to invest in cryptocurrencies. The main benefits of a crypto IRA are low fees, tax-free crypto investing, and the ability to invest in a wide range of cryptocurrencies.

iTrust Capital

BitIRA

IRA Options

iTrust Capital vs BitIRA

  • Cryptocurrency IRA
  • Gold & Silver IRA
  • Traditional IRA
  • Bitcoin Roth IRA
  • SEP IRA
  • SIMPLE IRA

Investment Options

iTrust Capital vs BitIRA

  • 28 Cryptocurrencies
  • Gold & Silver
  • 18 Cryptocurrencies

Fees

iTrust Capital vs BitIRA

  • Setup Fee: $0
  • Monthly Fee: $0
  • Crypto Transaction Fee: 1%
  • Gold Trans. Fee: $50/oz. over spot
  • Silver Trans. Fee: $2.50/oz. over spot 
  • No Monthly Fee
  • Account setup: $50
  • Annual maintenance: $195

Minimum Deposit

iTrust Capital vs BitIRA

$1000

$5000

Pros

iTrust Capital vs BitIRA

  • 24/7 Trading Platform
  • 28 Cryptocurrency Choices
  • Coinbase Custody
  • Gold & Silver IRAs
  • Cold Storage in Grade-5 Nuclear Bunkers, Guarded 24/7
  • $100M End to End Insurance
  • Full-Service Support

Security

iTrust Capital vs BitIRA

  • Coinbase Custody with $320 million insurance policy
  • Coinbase Custody and Fireblocks
  • 2-Factor Authentication
  • End-to-End Insurance with $100 million coverage.
  • Cold Storage Wallets are disconnected from the internet and stored in a guarded,
  • Grade-5 nuclear bunker.
  • FDIC cash insurance covers up to $250,000 per account.

Consumer Reviews

iTrust Capital vs BitIRA

  • Google: 4.6/5 327 reviews
  • Trust Pilot 4.5/5 2156 reviews
  • BBB: A+
  • BBB: A+ Rating
  • Birdeye.com: 4.9/5 stars
  • Consumeraffairs.com: 4.9/5 stars
  • Google.com: 4.6/5 stars
  • Business Consumer Alliance: AAA rating

Conclusion

iTrust Capital vs BitIRA

iTrust Capital offers a low entry fee, 24/7 trading, good reviews and a precious metals option.

BitIRA has reasonable fees, incredibly strong storage security, insurance and great reviews.

Investing in a crypto IRA is similar to investing in other types of IRAs, except that you invest your IRA funds in cryptocurrencies rather than stocks, bonds or mutual funds.

A crypto IRA gives you an opportunity to diversify your retirement portfolio while still being able to take advantage of the tax benefits offered by IRAs. It also reduces your exposure to potential downturns in the market and can be a more cost-effective way to invest in cryptocurrencies compared with buying them on an exchange and paying trading fees every time you buy or sell.

Crypto IRA providers typically allow you to invest in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP) etc.

Crypto IRAs are still considered controversial by many financial professionals who argue that there is no way to know how long cryptocurrencies will remain viable as investments and whether the IRS will eventually change its stance on how it treats them when it comes to taxes.

Some Crypto IRA providers do not charge trading fees for their services, but they do charge annual management fees for managing the investments in your account. Fees vary from provider to provider, so it is important to compare fees before choosing a provider for your crypto IRA.

There is much to consider when looking at iTrust Capital vs BitIRA as both firms have pros and cons. Decide carefully as your life savings may be at stake.

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