Alto Solutions, Inc., the next-gen self-directed IRA platform that aims to make it easier to invest in alternative assets using retirement funds, reveals that it will be removing the monthly account fee for all CryptoIRA accounts.
As mentioned in an update shared with CI, this change further “empowers everyday investors to diversify their IRAs by investing in cryptocurrency with Alto’s user-friendly platform.”
Alto CryptoIRA aims to connect seamlessly with Coinbase in order to support over 80 cryptocurrencies— which is one of the largest coin selections of any crypto IRA—”where users can buy, sell, and trade using their retirement savings.”
As noted in the update, Alto is the only IRA provider “integrated with the Coinbase exchange, and it enables 24/7 real-time trading on-platform with no LLC required.” Developed with ease-of-use in mind, an Alto CryptoIRA account takes “only a few minutes to set up and offers a simple pricing structure with no minimum or recurring account fees,” the announcement explained.
“Our goal is to provide the tools and opportunities for everyday investors to create their own financial future,” stated Eric Satz, founder and CEO of Alto.
“We are determined to make crypto investing through your IRA easier and simpler. That means making the process for set up take minutes as opposed to days, keeping the experience of trading on our platform rather than jumping back and forth between exchanges, and now removing monthly account fees for all CryptoIRA accounts. All of this is aimed at making alternative asset investing more accessible.”
Alto CryptoIRA accounts do require a processing transaction fee of 1.5%, which is “a combined fee for both the Alto and Coinbase platforms.”
The announcement also mentioned that additional updates to the Alto CryptoIRA platform include improved purchasing and selling screens for mobile and desktop interfaces, easier ways to search for available digital currencies, simpler conversions with “toggles between USD and units of currency, and a free, personalized customer service experience with Alto’s concierge team to get started.”
“For far too long, alternatives such as cryptocurrency have been shrouded in complexity and kept at a distance from ordinary investors. We are changing this at Alto. Looking at cryptocurrency specifically, we offer some of the lowest, most transparent fees and investment minimums of any crypto IRA—not to mention one of the largest coin selections—and remain committed to transparency, ease-of-use, and simple pricing so everyone can benefit.”
For additional information about Alto, please check here.
As mentioned in the update, Alto is a Nashville-headquartered Fintech that launched its next-generation self-directed IRA platform in 2018 to “make it easy for individuals to access and invest in alternative assets using their retirement funds.”
Alto’s platform has been developed to “streamline the process for investors, investment funding portals, and investment sponsors alike.” Among Alto’s current investment partners include DiversyFund, Fundr, Masterworks, Republic, and Vint, as well as financial advisors, fund sponsors, and other direct issuers. Alto is “not a registered broker-dealer or investment advisor,” the company clarified.