iTrustCapital vs Equity Trust Company vs CoinIRA
iTrustCapital vs Equity Trust Company vs CoinIRA has been on a ton of peoples’ minds. Ranking bitcoin IRA companies isn’t easy, especially with how new this industry is. So, to provide a balanced perspective, we’ve looked at each company in depth.
By analyzing what they offer, how much it costs, and what else they do for their customers, we’ve broken them down. That way, no matter what you’d like to do with your money, we’ve given you all the most important info.
iTrustCapital
iTrustCapital sounds like they’ve managed to make quite the impression on customers. Because they’ll help with more than just crypto, they’ve become one of the most popular places to do business. However, do they really stack up to the competition?
Company Highlights
- Opened Their Doors in 2018:
Whenever searching for a company, their length of service ought to tell you something. The longer they’ve been in business, the more experience they’ll have. - Physical Gold and Crypto Investments
Restricting yourself to only one of these two assets would be unnecessarily limited. Thankfully, iTrustCapital has support for both of them. - Minimal Transaction Fees:
Where you shop determines how much you’ll spend on transaction fees. Here, you’ve just got to pay 1% per trade.
Services
How would you like to prepare for retirement? Diversifying your portfolio provides some protection from negative economic outcomes, such as inflation. iTrustCapital has several ways they can help you diversify your portfolio.
Physical Gold Purchases:
Would you rather purchase gold or silver? Either way, they’ll help you.
Crypto:
Of course, if you’d like to put some of your retirement funds into crypto, they’ve got the tools to make that happen. With up to 9 different coin options, you’ll have plenty to choose from.
Fees
Fee Schedule
- 1% Transaction Fee:
Some places charge as much as 15% per transaction. iTrustCapital has set their transaction fees comparatively low, minimizing how much trades cost. - $29.95 Monthly Fee:
Their monthly fees add up to be among the most expensive in the industry. - $30 Trade Minimum:
Still, with such a large trade minimum, you don’t have to be loaded to get started.
Storage and Asset Security
Suppose you’ve stored several thousand dollars into an account. How does your account keep your assets safe? Some companies do a much better job than others.
Virtual Wallets:
iTrustCapital doesn’t offer any cold storage. Nevertheless, they’ve kept all their assets in virtual wallets, protected by military-grade security.
Insurance Policy
Something happened to your assets, what now? Depending on where you’ve done business, they’ll have an insurance policy, meant to safeguard customers.
Up to $50 Million:
iTrustCapital provides a $50 Million insurance policy. As long as your accounts aren’t worth more than that, everything ought to be safe, no matter what.
Opening an Account and Customer Service
Our largest complaint would be their lack of an online application. If you’d like to start services with them, you’ll have to call them directly.
Equity Trust Company
Equity Trust Company has been around for much longer than anyone else who is on this list. As a company, they’ve been helping customers since long before crypto entered the scene.
Company Highlights
- Nearly 40 Years of Industry Experience:
Crypto has only been around for less than a decade. Still, Equity Trust Company has offered investment services for a total of 38 years, making them the oldest company here. - Both Traditional and Nontraditional Investments:
They’ve provided options for both precious metals and crypto. Whichever you’d like to use, they’ll help you out with it. - No Transaction Fees:
Best of all, they’ve eliminated all their transaction fees, making trades even more affordable.
Services
Anxious at the thought, you’ve spent hours deliberating. Which services would provide you the best returns for your retirement?
Self-Directed IRAs:
Equity Trust Capital was among the first companies to offer self-directed IRAs. These let you invest retirement funds however you’d like, all without tax implications.
Fees
Fee Schedule
- $10,000 Initial Investments:
You’ll need to scrounge up a bit of cash to get started. Making that first investment will be the most expensive. - Annual Admin Fees of $205 to $2,150:
Assessed by account size, annual fees change depending on how much you’ve invested. The more you invest, the more you’ll pay. - $50 Setup, $20 Monthly, and 0.07% Storage Fees:
Storing your coins in a cold wallet isn’t free, but it does keep them safer than anywhere else. Other fees are not that expensive, meaning you’ll hardly notice them.
Storage and Asset Security
So, you’ve transferred funds from your IRA, and then you invested them in crypto. Now, where will you keep those new assets?
Cold Wallets:
Equity Trust Company offers a cold wallet to all its customers, for a small fee. By paying 0.07% of your holdings monthly, everything is kept safe inside an advanced cold wallet.
Insurance Policy
Even hackers won’t make you go broke, thanks to this insurance policy.
End-to-End Insurance:
End-to-End insurance protects everything in your account up to $100 Million dollars. Regardless of what happens, you’ll be compensated.
Opening an Account and Customer Service
Equity Trust Company tends to do a decent job at answering questions. Still, we’d rather start our account online, so forcing people to call seems pointless.
CoinIRA
CoinIRA was among the first to offer Bitcoin IRA services. Since then, those services have become far more popular. That said, CoinIRA still stands out from the pack, on account of its supreme quality.
Company Highlights
- Consultants Available for All Customers:
Crypto might seem a bit perplexing at first. But, by speaking to their consultants, you’ll learn everything you’d need to know. - $20,000 Minimum Balance:
Transferring funds from your IRA is simple. Plus, by using those funds, you can diversify into crypto without paying extra tax. - Cold Wallet Storage:
Stored in a cold wallet, your funds are safer than they would be elsewhere. Luckily, CoinIRA’s cold wallet storage option is highly affordable.
Services
A well-diversified account protects you from market downturns, or even inflation. CoinIRA has options for both precious metals and crypto, ensuring you’ve got plenty of options.
Precious Metals:
CoinIRA will mail precious metals to you directly, so stop waiting to make that gold purchase.
Crypto IRAs:
Crypto IRAs happens to be one of the newest retirement investments. CoinIRA helps you transfer funds from your existing IRAs, and then they’ll invest those funds in crypto.
Fees
Fee Schedule
- $50 Setup Fee:
Starting a new account is hardly expensive. At only $50, it’s barely worth mentioning. - $195 Annual Fee:
Anyone who’d like to invest wherever has the lowest fees ought to take a look here. They’ve set their fees lower than anyone else. - 0.05% Storage Fee:
Cold wallets aren’t overkill. They’ll ensure your assets are safe. Plus, with such an affordable fee, there’s no reason not to take advantage of them.
Storage and Asset Security
CoinIRA stores all customer assets in cold storage. Their cold wallets are kept in a secure facility, providing an additional layer of protection.
Insurance Policy
Insured up to $100 Million, your portfolio hasn’t been safer. Even hacked accounts get compensated. That way, once you’ve given them your retirement funds, they’ll be the ones who are responsible for them.
Opening an Account and Customer Service
Perhaps, our favorite aspect of CoinIRA would be the easy online application. To open an account, you’d just complete their online form. Then, they’ll figure out the rest.
Why CoinIRA Stands Above the Rest
CoinIRA has everything you’d need to invest in crypto. By using their IRA rollover process, you can invest without paying additional tax. Plus, with such a comprehensive insurance policy, they’ll give you plenty of peace of mind.