iTrustCapital vs BitIRA vs CoinIRA
iTrustCapital vs BitIRA vs CoinIRA appears like quite the matchup. Stacking competitors against one another, head-to-head, has always been the best way to evaluate them.
When it comes to bitcoin IRAs, over the last few years, these companies have defined the industry. We’ve taken a hard look at them, using an objective set of factors, to see which of them stands above the rest.
iTrustCapital
iTrustCapital has one of the sleekest websites we’ve encountered. Looking at it is as if you’ve been transported somewhere else, a place where customers come first. Beyond the image, they’ve backed up their business with some impressive offerings.
Company Highlights
- iTrustCapital Has Been Operating Since 2018:
Only 3 years may not seem that long, but it’s practically an eternity in this industry. - Live Trading:
Once you’ve created your account, you’ll have access to 24 hour trading. - Expansive Coin Options:
Over 10 different coins are available for purchase, all using funds from your retirement accounts.
Services
iTrustCapital has focused its efforts on making one of the world’s easiest trading platforms. Not to mention, all of their services may be used by funding them with retirement savings.
Affordable Trading:
Never worry about overpaying for your transactions, as they’ve eliminated crypto transaction fees.
IRA Precious Metals and Crypto:
Not only can you invest in crypto, but you can even invest in gold and other precious metals.
Storage and Security
Even well-funded accounts won’t matter if an institution’s security is lacking. How have they protected their customers’ assets?
Virtual Wallets With Institutional-Grade Security:
Anyone who purchases something from them has their assets stored in a digital wallet. These wallets are protected by military-grade hardware, hosted online.
Fees
Fee Schedule
- 1% Crypto Trade Fee:
For those who’d like to pay the lowest transaction fees possible, here would be where you might find them. At only 1% per transaction, it’ll be tough to find something better, especially in an industry where 15% wouldn’t be too far out of the average. - $29.95 Monthly Service Fee:
Over a year, you’d spend nearly $360 maintaining an account, making it among the most expensive on the market. - $1,000 Account Minimum and $30 Trade Minimum:
One saving grace, they’ve got a rather small account minimum. Plus, you don’t have to move large sums to initiate a trade.
Insurance and Asset Protection
What happens if something happens to your account? Most of the time, you’d have to rely on a company’s insurance policy.
$50 Million Policy:
iTrustCapital has an insurance policy worth $50 million for each account. That way, even lost assets won’t bother you. You’ll simply replace them.
Opening an Account and Customer Service
iTrustCapital’s customer service would be their toughest area. compared to some of their competitors, they’ve simply fallen beneath the bar. If you’d like to set up an account, you’ve got to speak with a customer service representative.
BitIRA
BitIRA happens to store all assets in an offline vault, secured by armed guards. Thus, making them among the most security-conscious investment firms around.
Company Highlights
- Offline Storage:
They’ve built industry-grade vaults, where they store all digital assets, protecting them with armed security. - Encrypted Transactions:
Even online transactions are protected, thanks to 256 bit encryption. - End-to-End Asset Coverage:
Should something happen, everything will be covered.
Services
Other than great storage options, what else do they have to offer?
Crypto Transaction and Storage Services Since 2017:
You can purchase several different coins directly from BitIRA. Then, they’ll help you store them.
Storage and Security
How have they acted to keep assets safe?
Offline Cold Wallet Storage:
Everyone who purchases from them can use their offline storage. These cold wallets are kept in vaults.
256-Bit Encryption for Transactions:
Even your online transactions are safe, as they’ve been encrypted securely.
Fees
Fee Schedule
- $50 Setup Fee:
This wouldn’t be the most expensive setup fee we’ve seen. However, it does take a bit out of your profits. - $195 Annual Fee:
BitIRA’s annual premium would break down into less than $20 monthly. - 0.05% Storage Fee:
Even their secure storage sounds rather affordable.
Insurance and Asset Protection
$50 Million Policy:
Anyone who has assets in their vaults is insured up to $50 million. Thus, making certain you’ve got peace of mind.
Opening an Account and Customer Service
To open an account, you’d have to call them directly. Only those who speak with customer service representatives may open accounts.
CoinIRA
CoinIRA has been helping its customers invest their retirement funds in crypto for 4 years. Since that time, they’ve performed far above expectations, hardly garnering a single complaint.
Company Highlights
- $20,000 Minimum:
Not everyone who’d like to open an account can afford it. Unless you’ve stashed away at least 20K, you’ll have to keep on saving. - Tax Advantaged Investments:
By investing IRA funds into crypto, you can diversify without overpaying on taxes. - A Branch of Goldco:
Although CoinIRA has only been around a few years, Goldco has been around for much longer. Thus, CoinIRA’s founders are well-experienced.
Services
Several years ago, most investors thought of crypto as merely speculative, but they’ve changed their tunes now. Today, millions have spent their retirement savings investment in this new industry. However, not all providers offer the same quality of service.
Crypto Investments Using Your IRA:
CoinIRA’s reputation is staked on its easy-to-use interface. By going online, you can transfer funds from either your IRA or 401(k). Then, you can start trading within hours. Live trading is available to everyone once they’ve funded their accounts.
Storage and Security
When investing in crypto, you’ll be given a pair of keys. These keys are what determines who owns the coins. If someone were to get ahold of them, they’d be the new owners. How does CoinIRA protect your investments?
Store Your Coins in a Cold Wallet:
Anyone who invests with CoinIRA ought to take advantage of their cold storage options. For a small monthly fee, they’ll pull your investments offline and put them in a cold wallet.
Fees
Fee Schedule
- $50 Initial Fee:
To start an account, you’d just pay a small one-time fee of $50. - $195 Annual Fee:
After starting an account, the only other maintenance fee would be the annual service charge. This is under $20 a month, broken down. - 0.05% Monthly Storage Fee:
Suppose you’d rather have them keep your coins in cold storage. Then, you’d just pay a measly portion of your holdings as a fee each month.
Insurance and Asset Protection
CoinIRA has implemented an advanced security protocol, so all online business ought to be encrypted. Anyone who purchases something from them is covered by 256-bit encryption.
$100 Million Policy:
Suppose something did happen to your portfolio? In that case, since you’ve been covered by their policy, all your assets would’ve been returned.
Opening an Account and Customer Service
Our favorite aspect of CoinIRA would be how easy it is to set up an account. You’ve got an online application, that’s super easy to fill out. Or, you could just give them a call. Either way, you’ll be done in moments.
How CoinIRA Beat the Rest
Above all, CoinIRA’s easy setup process drew our attention. Compounded by their low fees, it’s an unbeatable combination. Anyone who’s looking to diversify their retirements ought to consider them. We’d give them a hearty recommendation.