Trading crypto in your Public Crypto IRA involves two main fees, which differ from your standard Public brokerage account fees:
Transaction Fee: A dynamic fee based on the order amount, with a minimum fee of 1.25%.
Monthly Custody Fee: A 0.05% fee, which accrues daily and is charged monthly.
Fee Credit Policy:
The transaction fees you pay each month are applied as a credit toward your custody fee.
Example: If your total transaction fees for the month are $40, and your calculated custody fee is $50, you would only be charged $10 for the custody fee.
This policy means that members who trade crypto actively may see their monthly custody fees reduced or entirely covered by their transaction fees.
For a comprehensive breakdown of all crypto trading fees across your Public accounts, please review the schedule of fees.
Crypto IRAs are self-directed individual retirement accounts offered and custodied by Alto Trust Co, a New Mexico trust company. Information about retirement accounts on Public is for educational purposes only and is not tax or investment advice. Visit the IRS website for more information on the limitations and tax benefits of IRAs. Crypto is highly speculative and involves significant risk, including loss of principal. Cryptocurrencies are not protected by FDIC or SIPC. See our Crypto Risk Disclosures for additional information.
Self-directed individual retirement accounts are offered by Public Investing, a registered broker-dealer and member of FINRA & SIPC. Information about retirement accounts on Public is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. Visit theIRS website for more information on the limitations and tax benefits of Traditional and Roth IRAs. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. All investing involves risk.