In the picture of investments and returns, cryptocurrency has seen a global hold. Cryptocurrency exchanges have become a new addition to a lot of IRA account portfolios.
You can now use your retirement funds to buy and sell crypto as well. It doesn’t matter if you have traditional IRAs or a Roth IRA, you can now use that retirement account of yours for dealing in precious metals such as gold and silver, and get tax benefits over the return from those dealings.
The company that we are reviewing today is one of the greatest crypto IRA providers. It’s known as iTrustCapital. You can now easily open an iTrustCapital account and start trading with a self-directed IRA.
You can also transform your IRA account with iTrustCapital. With iTrustCapital accounts, you can not just buy or sell crypto but also use their features to self-trade. So let’s get into the details of these crypto IRA providers.
| Name of the company | iTrustCapital |
|---|---|
| Website | iTrustCapital.com |
| Founder & CEO | Todd Southwick |
| About | The company helps in educating more people about trading with their IRAs in cryptocurrencies and physical assets and precious metals. |
| Fee structures | |
| Insurance and custody | iTrustCapital is insured by FDIC and has custodian partnership with Coinbase Custody. The insurance is of $320 million. |
| Benefits |
What Does IRA Mean?
An IRA stands for Individual Retirement Account. They were started way back in 1974. Based on your income and savings there are few options in an IRA account.
While traditional IRA accounts and Roth IRA accounts are said to be the most common ones, the other options might get you more tax advantages.
Traditional IRA is the common tax-advantaged retirement account. It offers a normal tax rate over withdrawals after retirement.
The taxable income in Traditional IRA is deducted in terms of contribution. Even the investment money is not taxed if it’s in the protection of your traditional IRA.
The SEP-IRA account stands for simplified employee protection. It’s just a type of traditional IRA but it is put up by an employer. A SEP IRA account is best for small business owners.
Apart from these, there are other IRA accounts as well, you can choose the desired plan and get maximum tax benefits.
What is iTrustCapital?
An iTrustCapital IRA is an account that can offer you trading in crypto and precious metals. It’s an IRA provider company that offers no taxes for self-traders.
You can easily trade in digital goods any time of the year, and at any time of the day. You can even transform your existing IRA account by filling out a form available on the website.
There are no monthly fees and unlike other Crypto IRA providers, this one only charges 1% per-transaction fees. You can easily open your iTrustCapital crypto IRA account with the help of their support team and videos.
Once you have your crypto IRA you can easily buy and sell cryptocurrencies. Even while dealing with precious metals they are well secured with gold and silver at all times. So you can easily buy and sell precious metals as well. They also have a list of other assets for your investment.
They also provide a self-directed IRA account so that you can deal with physical gold and other assets or crypto on your own.
The tax advantages and tax benefits of crypto IRA in terms of investment are sometimes questioned by experts because it’s relatively new to the market.
But this crypto IRA provider has dealt in billions of transactions and is successfully growing for half a decade.
Now that we know about the company’s crypto IRA service let’s get to know how it’s the best for other cryptocurrency IRAs.
About iTrustCapital – Knowing The Company
After you retire, the last thing you want to do is sit and pay tax on your hard-earned money. The best retirement portfolio is the one that can offer you the maximum tax benefits.
The portfolio should consist of not only cash or stocks but also physical gold along with other assets. A variation to this account is brought in terms of crypto by the iTrustCapital as a part of the portfolio.
A crypto IRA or cryptocurrency IRA refers to your retirement account where you can trade in crypto on your own. The company iTrustCapital gives FDIC-insured funds.
So do not have to worry about that case anymore. They also have all physical gold and other assets in vaults at the Royal Canadian Mint.
The only goal for the company is to educate millions of people and make them start investing in a Crypto IRA for better retirement accounts.
The company is 4 years old and has its headquarters in Irvine; they also have a branch in Los Angeles. It is growing magnificently with the changing investment plans and the services that it provides.
The company not only allows cash contributions but also allows rollovers from previous ones or transfers from other IRAs. As of now, the company doesn’t pay interest on crypto IRA. Now let’s check out the different IRAs.
Understanding The Different Types of IRA Accounts
Before we get deeper into the iTrustCapital reviews let’s first get to know the different types of IRA. These accounts are made for your income and savings to aid you after your retirement. The main idea of it is to get tax-deferred gains.
Traditional IRA is the most common and the oldest among the others. It gives tax-free investment returns and withdrawals after retirement is charged as per rates at that time.
Roth IRA is the next one on the list. Roth IRA is different from the traditional one and even better in terms of after-retirement withdrawals. Roth IRA aids you in getting tax-free withdrawals after retirement.
They are only charged with exceptions before retirement. Roth IRA is also better for people who just in case look for touching the money before retirement.
Roth IRA is a better version of the traditional one basically because it offers the main feature of tax-free withdrawals.
A self-directed IRA is the same as the above with just one difference. In a self-directed IRA, the person can invest in physical metals or real estate as well.
When you opt for crypto IRAs while making an iTrustCapital IRA account, make sure that you understand well the system of post-tax dollars and pre-tax dollars. Tax-deferred accounts can be a real game-changer if not taken care of.
Crypto IRAs from iTrustCapital IRA accounts would be tax-free only when self-traded. So make sure you give a check to all tax-deferred accounts before starting.
How Does iTrustCapital Work?
The simple math of iTrustCapital is to educate people and make more and more people invest in crypto or physical gold assets for their investment portfolios.
For that, it continues to charge a very nominal transaction fee for people to set up their new IRA accounts from their existing IRA traditional or Roth IRA.
It’s a self-directed IRA provider that aids you in trading crypto and physical assets on your own. There are no taxes on self-trades.
You can simply just start your account by transferring from your existing IRA, traditional or Roth IRA account, or cash contribution. You can also get rollovers from past employers.
After you get your funds, you can choose and compare assets and digital currency from their list. They have the data for an hour, day, week, and month.
After you’re done choosing you can start buying and selling. All your physical goods are safe and insured. Digital goods are also safe and insured by the best companies.
So you do not have to worry about losing any of your assets to any attacks. After you’re done trading, they also have proper guidance on distribution. So you can get a full circle of investing in the right place.
Setting Up An IRA with iTrustCapital?
Retirement accounts required a lot of hassle in the past, but with everything moving online, now even that is just a click away.
The iTrustCapital platform support helps you in some easy steps to open an IRA account. There are no hidden account fees for the same.
To get started all you need to do is just go on their website and create an account. After filling in the information and creating the account, your email will be verified.
After that, you will be asked to start the application at the bottom of your screen. Once you get there you will have to give all your mandatory personal information.
Once you’re done with that, you will have to choose your IRA type and provide details on how you plan to fund it. Then, you need to enter details for a beneficiary who will inherit all of your assets.
Now you’re good to start. Your funding event is created and now you need to keep hold of your email waiting for a final call or in case other details are required. That’s how easily you can get your IRA set up.
Understanding iTrustCapital Available Cryptocurrencies
iTrustCapital offers you several cryptocurrencies for your retirement accounts. You can invest in physical assets or bitcoin cash. The company has data for you to compare the price range over some time.
The company also has a hold on assets that opt for a secure blockchain distributed ledger like Ethereum. The secure blockchain distributed ledger was previously used with bitcoin.
Other than these, the company also offers a few other cryptocurrencies like Cosmos, Sushi, and Avalanche. These can help you well with your retirement accounts.
Understanding iTrustCapital Precious Metals
iTrustCapital offers physical gold and silver that are of VaultChain investment-grade quality. For alternative investments, physical metals of all types that the iTrustCapital offers are of the same quality.
The security for all precious metals is managed by a secured blockchain distributed ledger and kept with the Royal Canadian Mint.
The clients can buy and sell their physical gold and silver or any precious metals, 24/7 without any issues. There are no oversized coins. You can easily trade in physical metals by checking the transaction fee.
What Are iTrustCapital Features & Benefits?
Any cryptocurrency IRA broker will come with its set of good and bad. Most crypto IRAs come with nominal setup fees but the iTrustCapital is a free account. Now let’s check out how iTrustCapital alternatives make it a better option in the race for the best crypto IRA platforms.
The Application Process Is Quick:
The account minimums for iTrustCapital is $1000. This IRA account for retirement investing doesn’t require a lot of time. It can be easily set up within a few minutes. The process for account setup is described in the video and it’s pretty manageable.
If the account setup takes time, it becomes difficult for a lot of people to get through with it as people with retirement investing don’t want to wait up or sit getting verifications.
iTrustCapital offers a very straightforward application price which is properly explained on the website.
You Have 3 Funding Options
When you make a crypto IRA account with iTrustCapital, you have three ways to transfer funds to get you started.
You can get your iTrustCapital platform ready for trading by either rolling over your existing employer plan or transferring from traditional IRAs or a Roth IRA.
You can also opt for a cash contribution to get your crypto IRA or cryptocurrency IRA account started. These options make it so much easier to start with self-trading.
29+ Assets Available
Your retirement portfolios will not just contain gold and silver or cash or stocks. It should also contain precious metals, bitcoin cash, or other alternative assets.
iTrustCapital offers you a variety of more than 29 assets to trade and deal in. All their assets are secured and stored in vaults at the Royal Canadian Mint if in the physical form.
The variety also stands for cryptocurrencies and not just for precious metals. The list on their website also contains a proper chart of prices of those assets for an hour, day, week, or month. This makes it easier for you to track them.
Coinbase Custody Available
By adding institutional custody partners like coinbase custody, the crypto IRA provider has safeguarded all its assets. It doesn’t involve the crypto IRA holder investing more or any increase in the fee.
Coinbase custody is a cold storage provider that can aid the customer in assuring them that all their digital assets are safe. Coinbase custody is very regular with its audits and security checks.
Coinbase custody is regulated by NYDFS and it’s an independent firm that provides custody for its products online and offline. Making it a security partner is probably another turn-up for the iTrustCapital.
Royal Canadian Minted Gold and Silver
The physical gold and silver are difficult for us to store. So the transactions for buying and selling have now become digital. But that involves storing the digital gold and silver in the safety of the mediator.
The iTrustCapital opts for storing all its physical gold and silver at the Royal Canadian Mint.
It’s a dignified storage giver for Kitco metals and it’s very trustable for your assets. This makes iTrustCapital more reliable in terms of security. For more flexibility for traders, the company also uses Tradewind which can digitally track the ownership of metals.
Ensures Safety of Assets
iTrustCapital is providing the customers with Coinbase Custody. This means that they have insurance of $320 million. Your crypto investments are now safe from any other attacks.
This type of security is generally used in the banking and military sectors. For personal account protections, there are no extra fees charged even though they have opted for cold storage for assets.
They have two-factor authentication to keep you at rest. This is by far the most surprising scheme of protection used by any company for the security of its consumer’s assets.
What Is The Pricing and Fee Structure of iTrustCapital?
The iTrustCapital platform works with no setup fees. It also doesn’t charge any monthly fees or annual fees.
There is no interest paid. But you have to pay account minimums when you set the account. The account minimum is $1000. The per-transaction fee is 1% for cryptocurrencies.
For gold, it’s $50 over the spot and for silver, it’s $2.50 over the spot. The monthly maintenance fees or any other fees levied are taken from these payments.
In comparison to other firms in the market, the security benefits and the charges by iTrustCapital’s platform stand unbeaten. No other company would provide this level of security for its customers at this rate.
To add to that, the company also enjoys good survival and growth in the market with media mentions in such a short time. This would only happen if people are satisfied with their output in proportion to their input.
What’s Does Your iTrustCapital Account Include?
Crypto IRA from iTrustCapital for you comes with no hidden fees. Your iTrustCapital account comes with excellent phone customer service.
The maximum account balance with cash contributions is based on IRS rules. Crypto IRA is the current fresh breath of air for the retirement portfolio that has seen just old methods of investment.
So iTrustCapital can combine them both for you. You can start your IRAs in three ways of funding and buying or selling digital and physical assets.
You pay no hidden fees other than account minimums and per-transaction fees. So start with your IRA now and get the best of tax advantages and benefits.
Pros and Cons of iTrustCapital
After getting to know the iTrustCapital well, let’s have a look at its pros and cons.
While companies offering major cryptocurrency exchanges charge a monthly fee or hidden fees, you can trade in crypto assets with iTrustCapital without any fees. They only have a 1% transaction fee.
Even when you need help with your forms or crypto IRA account in general, they have a very reliable phone customer service and also a message us column for you to be able to text them for immediate response.
They also have a great number of options in alternative assets other than for you to trade with gold and silver. All their physical gold and silver are secured at all times. Gold and silver are also offered by a no-commission sales rep.
On cryptocurrency exchange, if the fee is 1%, the account minimum is $1000. These fees are comparatively nominal.
There is no annual fee on your cryptocurrency IRA mentioned as such, and you can get to know about interest on your cryptocurrency IRA well in-depth with their plans once you get in touch with the team. As of now, the cryptocurrency IRA is not going to get you any interest.
Another setback for a crypto IRA from this company is that they don’t have any mobile app. They also don’t provide any investment advice on a personal account level. Apart from that, it’s a win.
Final Verdict
Cryptocurrency IRAs have come into the market much later than the physical gold and silver. A retirement portfolio is expected to have a lot of variations so that the hard-earned money doesn’t go to one source only.
The iTrustCapital legit made the process so much more easier and interesting. If you need any investment advice they are there to help you out with great customer service and videos that show you each step with ease.
Crypto IRA involves trading that can be done on your own. With this company, you can easily make an account, put your funds and start dealing.
The company is well secured and backed by reviews in major media. There is no questioning of the credibility. If you’re looking to make a portfolio of IRA, where you can yourself deal without paying taxes, a minimum transaction fee, and 24/7 trading, iTrustCapital is your go-to place.
It has a very user-friendly website and also helps you well with distribution when you want to pull out your funds. So look at the official website and make your account for the best IRA tradings.
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