Domain Money Review

The post Domain Money Review by Sarah Horvath appeared first on Benzinga. Visit Benzinga to get more great content like this.

As cryptocurrency investments continue to sweep the news, many traditional investors find themselves drawn to this relatively new asset. However, while investors who are new to the stock market or mutual funds can receive guidance on their investments from professionals, crypto investing is often done through individual research. Domain Money is an option for investors who are new to the cryptocurrency sphere can invest in crypto assets through managed portfolio options.

When you sign up with Domain Money, you’ll have the opportunity to invest in a managed portfolio that includes exposure to blockchain and crypto assets. Portfolios are crafted with multiple investing goals in mind, and each portfolio is actively managed through the company’s SEC-registered investment advisor. Investment strategies employed include dollar cost averaging, value-based investing and portfolio theory. Though most investment strategies take a long-term approach to returns, these may vary by portfolio.

Domain Money currently offers four managed cryptocurrency portfolios, allowing you to choose the ratio of assets that fits your unique investing goals and risk tolerance. You can currently begin investing in any of the following portfolio allocations when you open an account with Domain Money.

• Domain Edge: Domain Edge is a crypto portfolio made up of 100% cryptocurrency assets. This portfolio can be an appealing choice for investors who can withstand a higher degree of value fluctuations and who are looking for access to hand-selected emerging crypto asset classes.
• Domain Metaverse: If you’ve been interested in the conversation around the metaverse and metaverse investments but haven’t had time to do your own research, you might want to consider investing in the Domain metaverse portfolio. This portfolio provides you with a strategic mixture of cryptocurrency and security investments that offer a diverse set of exposure to the growing metaverse. It also provides exposure to NFT assets and companies focused on the technology that powers them.
• Domain Balanced: Investors searching for a more limited way to add cryptocurrency to their investment portfolio may want to consider the Domain Balanced option. As the name suggests, the Domain Balanced portfolio offers a blend of 50% stocks and 50% crypto assets. Investments included in this portfolio are selected based on managers’ belief in each company or project’s continuing innovation in its field.
• Domain Access: As you get closer to retirement or your next major financial goal, you may not be prepared for the volatility that cryptocurrencies experience. If this is the situation you find yourself in, you might want to consider the Domain Access portfolio, which is made up of 20% cryptocurrency investments and 80% stock investments. Like the Domain Balanced portfolio, managers of the Domain Access fund select assets based on which companies and projects they believe are developing promising innovation.

Managed portfolios are managed by Domain Money Advisors, LLC, an investment advisor registered with the U.S. Securities and Exchange Commission and a wholly owned subsidiary of Domain Money, Inc.

This platform can be a strong option for new investors who want to add exposure to the realm of cryptocurrency to their portfolio with the assistance of a professional investing touch. Domain Money charges a flat-rate fee for its management services, and it does not provide any additional fee based on performance of the assets in your portfolio. There are also no lock-in periods, which means that you are free to withdraw your assets at any time without paying a penalty — a feature that’s particularly important when it comes to investing in volatile assets like cryptocurrencies. 

Domain Money offers a few unique methods that you can use to get in touch with its customer service team and learn more about the platform and its features. The best way to get in contact directly with a Domain Money representative is to use the website’s live chat feature. Live chat helps you connect directly with a customer service professional to get real-time answers to inquiries or concerns you have. To access Domain Money’s customer service team via live chat, click on the chat icon on the bottom of Domain Money’s homepage. If customer service isn’t available live, you can also leave a message online — a representative will get back to you with an answer as soon as possible.

Before reaching out or if live chat isn’t available, you might want to explore Domain Money’s Help Center, which provides answers to some of the most common questions that users have about the platform. You can access the Help Center here. You can also get in touch with Domain Money through its official social media platforms, which include Twitter and Instagram. You’ll need to already have an account or be willing to create a free account on each respective platform to use it as a point of contact. 

Domain Money takes security seriously, offering multiple layers of encryption and safeguards to ensure that only you have access to your funds. Some of the platform’s most notable security features include the following.

• End-to-end encryption: All the personal data you submit to Domain Money is secured with AES-256 encryption, which is the same level of encryption used in international banking — so you can be sure that your information and account is secure.
• Insurance: Domain Money’s account holders are protected through its custodians. Securities are held at Apex Clearing Services, LLC, member FINRA and SIPC, and are protected up to $500,000 worth of SIPC insurance. Cash is held at WebBank, member FDIC, with protection up to $250,000 with FDIC insurance. This means that, in the unlikely event of a hack, your funds are protected. 

Domain Money charges a 1.49% fee every time you buy or sell cryptocurrency. You will see a preview of your transaction fee before you place your order on the platform, so you’ll know exactly how many coins or tokens you’ll receive in your account. This fee makes Domain Money more expensive than most other cryptocurrency platforms. The platform does not charge fees when you buy or sell stocks or exchange-traded funds (ETFs).

Domain Money also charges an annual management fee of 1% for funds invested in managed strategies (plus a much lower transaction fee for cryptocurrencies traded through strategies). This fee is charged on a monthly basis and is calculated using the average value of your account over the past month. For example, if you have an average balance of $100,000 in your account over the course of a year, you’ll pay $1,000 each year for management. You will be required to pay this fee regardless of whether you gain or lose money on your portfolio’s assets. Finally, you may also be required to pay network fees when buying and selling cryptocurrencies, but these fees are not controlled by Domain Money. 

Domain Money offers its users a range of unique benefits, including the following.

• Low minimum account balances: Self-directed trading accounts can be opened with as little as $5. If you choose to invest through managed portfolios, you can make your first investment with as little as $100 in your account (though some portfolios require a $500 minimum investment). This means that Domain Money’s professional, active management services for its managed strategies are significantly more accessible than other alternative investment platforms, which are often aimed at high-net-worth investors.
• No crypto experience required: Interested in cryptocurrencies but don’t have experience in the market? No problem. When you invest with Domain Money, you have the ability to enter the crypto market through strategies managed by a team of professionals. Select the ratio of securities and cryptocurrencies that fit your risk appetite, fund your account and see your money actively managed by investing professionals.
• No lock-in periods: With some cryptocurrency investment platforms, you’ll be required to hold your funds in your account for a set period of time in order to see returns. When you invest with Domain Money, you’re free to change your investments at any time with no waiting period. 

Domain Money can be an ideal cryptocurrency investing platform for users who have little to no experience in cryptocurrency investments. Most users will be able to open their account in a few minutes during normal business hours. After opening an account, users have access to self-directed trading of securities and crypto or to professionally managed investment portfolios. The managed portfolios are designed as an option for customers who have no prior experience within the crypto market and provide a point of entry to this market. Finally, low account minimums mean that nearly anyone can open an account — with just $100 to $500 initial investments for managed portfolios or for as little as $5 for customer self-directed trading. Domain Money is easily accessible to most investors. 

Domain Money vs. Competitors

Similar platforms to Domain Money are Coinbase, Penny Works, Nebeus, Blockfi, Voyager, CoinRabbit. 

The users who will get the most out of Domain Money are traditional, long-term investors who are interested in adding cryptocurrency as a hedge to their portfolio but who do not want to research investments on their own. You can think of Domain Money as offering hedge-fund-like investments without the high barriers of entry that typically come with actively managed alternative investments. Depending on the managed portfolio you choose, you could open an account with as little as $100; for a self-directed account, the minimum is $5.

While active or intermediate cryptocurrency investors may not appreciate Domain Money’s active management, those who are new to these types of investments will enjoy having a helping hand when selecting coins, tokens and securities suited to their needs. Multiple managed portfolios are available, meaning that Domain Money is also accommodating for all types of investors based on timeline and risk tolerance. Though Domain Money’s fees are higher than usual, its professional guidance can be worth the price for hesitant crypto investors. 

Frequently Asked Questions 

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