BlockTrust IRA Reviews

BlockTrust IRA is an AI-powered platform for cryptocurrency IRAs. The company offers two account types: managed and unmanaged. Managed accounts are powered by the Animus AI platform to automate crypto trading to ensure maximum profitability on your IRA account. Unmanaged accounts are traditional IRAs where you get to choose your cryptocurrency investments yourself.

BlockTrust IRA advertises minimal fees — in fact, it claims that its managed account has the lowest fees in the industry. The company also offers strong security through its partnership with sFox, a cryptocurrency trading platform. Account holders can trade dozens of different cryptocurrencies, including popular options like Bitcoin, Ethereum, Tether and Dogecoin.

BlockTrust IRA is relatively simple to get started with.

1. First, you’ll register an account, after which you’ll receive a welcome call from a team member to assess your needs, discuss your goals and answer any questions you have.
2. After that, you’ll receive and complete IRA application forms.
3. Once this is done, you can log in to your account and begin managing your funds (or let the AI handle it for you).

The BlockTrust service is essentially a combination of services from three partner companies: Animus, sFox and Fortis Bank. Animus powers the AI trading functionality in the managed IRA accounts. sFox is the trading platform used to manage your cryptocurrencies and track your account. Fortis Bank is the custodian — essentially, it holds and secures your investments.

Keeping these three partners in mind will alleviate some possible confusion as you navigate the BlockTrust service.

BlockTrust IRA offers a choice of two account types: managed and unmanaged.

• Managed account: This IRA is managed by the Animus AI platform. AI will monitor your cryptocurrencies and make trades to maximize your investment. The managed account requires a minimum of $25,000 to start. The fees are also lower with the managed account — just 0.14%.
• Unmanaged account: BlockTrust’s unmanaged IRA is also known as a self-managed IRA because you manage it yourself. You decide which cryptocurrencies to invest in and when to trade. This account has a $1,000 minimum, so it’s more accessible than the managed IRA.

In addition to a secure platform and automated cryptocurrency trades, BlockTrust IRA customers also receive detailed quarterly reports and access to 24/7 customer support and experienced team members who can answer any questions that arise.

BlockTrust IRA keeps costs simple. The managed account has a 0.14% trading fee, plus an unspecified “performance fee” that the company says is only earned when you profit.

The unmanaged account has a 0.4% trading fee, plus a $250 yearly custodial fee. The company claims that there are no other costs associated with the service and that it does not charge hidden fees.

BlockTrust IRA is a great option for investors who want to maximize their returns with relatively little involvement, thanks to its AI-powered platform. Those who don’t quite trust the AI’s decisions can also take advantage of relatively low fees on the unmanaged IRA option. Overall, BlockTrust seems like a very solid choice for your crypto IRA.