If you're looking for a crypto IRA in New York, you've come to the right place. We'll look at the pros and cons of iTrustCapital, BlockMint, and other crypto-IRA companies, and why they're the best choices for your retirement. Once you've chosen the right company, you'll be well on your way to making a profit.
Bitcoin IRA
The Bitcoin IRA is a self-directed retirement account for cryptocurrency investments. Unlike traditional IRAs, it allows you to invest in more than one cryptocurrency. The Bitcoin IRA supports the purchase, selling, and trading of over 60 cryptocurrencies. Other currencies supported by the Bitcoin IRA include Cardano (ADA), Solana (SOL), and Polkadot. Bitcoin IRA also offers a mobile app to be installed on an Apple or Android device.
Another option for Bitcoin IRA investments is iTrust Capital IRA, which was founded in 2018. As of November 2021, the company reported a trade volume of $3.5 billion. It now has more than 26,000 funded accounts and a trading volume of more than $2B. It also has an impressive 4.6 TrustPilot rating. Users report high customer satisfaction with the ease of setting up an account and the speed at which funds are transferred.
BlockMint
If you have a New York retirement account, you may be interested in investing in cryptocurrencies. BlockMint is a New York-based crypto IRA company that is backed by Lear Capital, the largest precious metals dealer in the US, which manages over $2 billion in retirement fund transactions. This IRA offers multiple cryptocurrencies to invest in, which is a great way to diversify a retirement portfolio and rollover an existing retirement account.
BlockMint charges a 15% fee to clients to purchase and sell cryptocurrencies. The fee does not vary much depending on the type of cryptocurrency, but it is important to keep in mind that each type of cryptocurrency has a minimum purchase and selling price. Customers may not want to invest $7,000 in BTC and $3,000 in ETH because of the minimum investment amount. Instead, it would make more sense to invest at least $10,000 in each type of cryptocurrency and avoid paying any fees.
iTrustCapital
You can invest in crypto through an IRA, or a Self-Directed retirement account. These accounts are designed to give you full control over the assets in your account. IRA Financial has a guide for self-directed retirement accounts, including information on the cryptocurrency market. They also offer commission-free trading. IRA Financial is the premier source for IRA guidance in the New York market.
iTrustCapital offers 29 different cryptocurrency assets, as well as precious metals, including gold and silver. They also offer trading options in physical gold and silver. Their app makes it easier to trade cryptocurrencies, as well as other assets. It's worth noting that they offer a free trial period so you can see if the platform is right for you.
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