As we all heard about inflation in our day-to-day life, it has been increasing by some percentage impacting the economy resulting in an unsecured future for an individual. But how does it impact your future plans? The answer could be in understanding the exchanged value of physical currency meaning what value do you get right now with that physical currency in comparison to the future with the same. Believe it you wont get the same value, Why?
The value of physical currency that you hold right now, is a centralized asset, meaning it’s issued, backed, and maintained by the government. As inflation increases the value of currency decreases, and hence the production of currency increases, and in this game of supply and demand your money and the plans that you made for the future are long gone dreams. And The dilemma is that most of us are going to realize this in the future.
On the other hand you can save yourself from this dilemma by investing into cryptocurrency in your IRA (Individual retirement accounts), Why? Traditional IRAs are good for securing your financial future. But, because global markets are getting more unstable, some people want to mix things up in their IRAs. They want to add things like Bitcoin and other digital money. But remember, if you’re putting your money into cryptocurrency in your IRA, you need special management, extra safety for your important information, and a good understanding of how cryptocurrency trading works.
With no further due, here are the best in crypto IRAs( Individual retirement accounts) companies for a secured future.
The Best IRA Companies for 2024
Account Minimum: $1,000
Transaction Fees: 1% per transaction
Insurance Protection: Up to the maximum permitted by FDIC
Bonus: Receive a $100 reward when you create and fund an account with iTrustCapital.
|Low account and trading fees||No financial advisors on staff|
|$1,000 minimum investment|
iTrustCapital, a company that started in 2018, lets people use their retirement accounts to buy and sell cryptocurrencies, silver, and gold in real-time. They have really low fees, which makes them one of the best options for rates and fees. When you trade or invest, fees can add up. Some places charge up to 15% when you trade cryptocurrencies, but iTrustCapital only charges 1%. They don’t have a monthly fee, and you won’t have to pay extra fees when you start or based on how much money you have.
You can trade 34 different cryptocurrencies, like Bitcoin and Ethereum, 24/7 with iTrustCapital. You only need $1,000 to open an account, and the minimum for a trade is $30. Plus, you can also invest in gold and silver in your retirement account with low fees.
In February 16, 2023, iTrustCapital shared news about working with a company called Fortress Trust to keep their assets safe. This includes cryptocurrencies and precious metals like gold and silver. The deposits are insured, following the maximum limit allowed by the FDIC.