iTrustCapital Reviews - Can You Really Trust iTrust Capital?

Are you confused about utilizing your retirement account in the best possible way? Have you ever thought of transforming your retirement account into a crypto IRA account? Well, thousands of retired individuals have stepped out and turned their retirement accounts into crypto IRA accounts to get the most out of their IRAs.

However, the process of turning your traditional IRA into a crypto IRA is not so easy. If you’re holding a tax-advantaged retirement account, you will have to select a reliable and convenient IRA provider to turn your self-directed IRA account into a crypto IRA.

Now, iTrustCapital is the most reliable name when it comes to creating a crypto IRA or turning an existing IRA into a crypto IRA. The addition of cryptocurrencies to your retirement portfolio will turn out to be promising in terms of ensuring a better post-retirement life indeed.

With the help of iTrustCapital, you can purchase and sell cryptocurrencies using your existing IRA, and the experts of the company can help you in the best possible ways to make that happen easily.

As mentioned earlier, opening a cryptocurrency IRA is a risky procedure, and you shouldn’t rely on whatever company you come across on the internet. The iTrustCapital platform is definitely better than other cryptocurrency IRA platforms, according to our research and editorial team.

Now, why do we say that? What makes iTrustCapital’s platform securer than other cryptocurrency IRA brokers? We will explain this throughout this article. So, hang on to the end to know more about the services iTrustCapital offers and the way the platform works.

What Is iTrustCapital?

iTrustCapital is a leading crypto IRA platform that helps users purchase cryptocurrencies using their retirement accounts. As you set up your iTrustCapital account and download iTrustCapital’s app, you can purchase cryptocurrencies and precious metals like gold and silver easily through the app.

If you wish to transform your traditional IRA into a cryptocurrency IRA, the iTrustCapital IRA platform is the best choice for you to do that without bearing extra charges. Most importantly, you get all the basic tax advantages of an IRA account while getting the freedom to make tax-free transactions with your iTrustCapital account.

Also, you get the opportunity to invest in 25+ IRA-eligible cryptocurrencies using your iTrustCapital account, and that’s the specialty of iTrustCapital IRA. The signing-up process is also very convenient with this self-directed IRA provider. Another surprising fact about iTrustCapital is that the platform doesn’t charge monthly fees or convenience fees.

Instead, every user needs to pay a transaction fee of 1% of the total transaction value on each transaction. That’s obviously better than paying a certain monthly storage fee, and that’s why most crypto IRA users prefer the services of iTrustCapital. No matter whether you’re interested in creating a Bitcoin IRA or a Bitcoin cash IRA using your existing IRA account, the process becomes much easier with iTrustCapital.

iTrustCapital utilizes multi-authentication security protocols that are generally used in banking and military sectors, and the platform works with the leading cryptocurrency exchanges to serve users in better ways.

iTrustCapital is the only platform that lets users turn their traditional IRAs into cryptocurrency IRAs while letting users enjoy all the tax benefits of their accounts. That makes the platform a special and preferable choice for everyone. When it comes to personal account protections, the protection measures implied by iTrustCapital are incomparable. That’s why it’s completely safe to create cryptocurrency IRAs with iTrustCapital.

How Does iTrustCapital Work?

The functional procedure of iTrustCapital is pretty similar to the functional procedures of other crypto IRA platforms. But the platform has taken retirement investing to a new level with some of its special features.

Like all other cryptocurrency IRAs, iTrustCapital also requires you to set up a crypto IRA account to make transactions. Once you set up your iTrustCapital account, you can use the platform to buy and sell digital assets according to the IRS rules. All crypto IRA platforms need institutional custody partners, and iTrustCapital is no exception in that case. The IRA provider has collaborated with Coinbase custody which is the safest institutional cold storage provider in the crypto world.

Your crypto funds remain completely safe and secure with iTrustCapital, as the platform has enabled some top-notch security measures. Be it the SOC2 Type II Security Certification or Fireblocks’ multi-layer security system, the security patches implied by iTrustCapital helps the platform keep users’ funds safe and protected.

Most importantly, users can track their assets easily using the mobile app of iTrustCapital. The phone customer service of the platform also turns out to be very helpful for users. Once you create a free account on the iTrustCapital platform, crypto investments become extremely easy for you, and you can get rid of paying unnecessary hidden fees completely. The platform has also enabled a two-factor authentication process to safeguard the accounts of users.

With the help of iTrustCapital, you can transfer funds super quickly without paying a lump sum annual fee. The dedicated customer service team of iTrustCapital is always there to help with any issues. All these special services and conveniences establish iTrustCapital as a phenomenal cryptocurrency IRA broker platform.

How Can You Setup an IRA With iTrustCapital?

The process of creating a crypto IRA with iTrustCapital doesn’t take more than a few minutes, and you don’t need to possess deep technical knowledge to create an account. The interface of the platform is extremely easy to use. So, let’s check out how you can create a crypto IRA account with iTrustCapital.

Account Setup

As already said, the process of creating a self-directed IRA on iTrustCapital is super easy. You just need to visit the official website of iTrustCapital, and you will be prompted accurately.

Select Your Preferred IRA

Once you’re done with the process of creating your self-directed IRA with iTrustCapital, it’s time to select your preferred IRA. In this step, you can decide to set your IRA as a bitcoin IRA, or you can decide to buy and sell gold and silver.

Transfer Funds

In the next step, you are supposed to fund your crypto IRA using your existing self-directed IRA. If you need investment advice in this phase, you can seek assistance from the experts available on iTrustCapital’s platform.

When it comes to funding your crypto IRA, you can also use your Roth IRA (By doing so, you will make sure that your investments will grow tax-free, and you will get all the tax advantages easily.) It’s a wise decision for you to use your Roth IRA to fund your crypto IRA.

Start Your Investments

As you complete all the mentioned steps, you can start investing in crypto-assets, and you can decide to make alternative investments as well. The company charges a per-transaction fee, which is 1% of the entire value of every transaction.

iTrustCapital has partnered with the leading crypto exchanges, and that’s why investing in cryptocurrencies and alternative assets is extremely easy with this platform.

iTrustCapital Precious Metals

Apart from cryptocurrencies and digital assets, iTrustCapital also allows you to invest in precious metals like physical gold and silver. You can transfer the funds of your tax-advantaged retirement account to your iTrustCapital IRA with the help of the mobile app, and you can use those funds to buy these precious metals.

What Are The Unique Features and Benefits Offered By iTrustCapital?

When it comes to creating financial relationships with a platform, not every platform or site turns out to be trustworthy enough. iTrustCapital is a safe and secure option, and there are certain reasons behind that. In the following segments, we will find out the unique features and benefits offered by iTrustCapital.

Ready IRA Within Minutes

In the previous segment, we have already mentioned the process of creating a free IRA with iTrustCapital. As you have gone through the article so far, you must have understood that it’s extremely easy to create an IRA with iTrustCapital, and the process consumes a few minutes only.

While other IRA platforms take users through complicated paperwork, iTrustCapital doesn’t require you to do so. On top of that, you don’t even need to be technically sound to create an IRA with iTrustCapital.

Multiple Methods of Funding Your Account

Once you have created an IRA with iTrustCapital, funding the account is also pretty convenient. The platform enables you to fund your account in three different ways, and you’re free to select your preferred funding method at your convenience.

You can transfer the funds of your traditional IRA to your crypto IRA with the help of the platform. Otherwise, you can roll over your IRA account into the crypto IRA completely. Apart from these two options, you can also transfer from another bitcoin or crypto IRA without liquidating assets.

Various Assets are Available

When it comes to investing in assets, iTrustCapital offers around 29+ assets to invest in. 27 leading cryptocurrencies are available on the platform, and you can invest in any one of them. Alongside these cryptocurrencies, physical metals like gold and silver are also found on iTrustCapital to invest in. Most importantly, all the physical metals and crypto assets are safeguarded by the platform using world-class protection measurements.

Coinbase Custody

The most dynamic fact about iTrustCapital is that the platform uses Coinbase Custody to store the assets of users. When it comes to the most popular cold storage providers in the world of crypto and metal assets, Coinbase Custody overlaps other providers easily. With SOC2 Type II security certification, Coinbase Custody is the safest cold storage provider in the world, and iTrustCapital users can remain assured of the fact that their assets remain completely safe with CoinBase Custody.

Moreover, all the holdings of iTrustCapital users are backed by a $320 million insurance policy, and that makes the platform a safer option to go for. Being regulated by the New York Department of Financial Services, Coinbase Custody is the safest possible choice. Alongside, all the crypto holdings of iTrustCapital users are protected by a secure blockchain distributed ledger.

Fireblocks’ Protection

In addition to the security of CoinBase Custody, the holdings of iTrustCapital users are backed by the Fireblocks security system. The multi-layer approach implied by Fireblocks eliminates the possibility of even minor security failures. Like CoinBase Custody, Fireblocks also implies SOC2 Type II security certification.

Also, a $42 million insurance backs the holdings of iTrustCapital users. The usage of Fireblocks protection services helps the platform beat other iTrustCapital alternatives. The multi-layer approach of Fireblocks safeguards all the iTrustCapital crypto IRAs.

The Royal Canadian Mint’s Gold and Silver

All the IRA-eligible gold and silver of iTrustCapital are stored in the vaults of the Royal Canadian Mint that are protected by top-notch security layers. The platform has also enabled another security measure named VaultChain to protect all the IRA-eligible physical metals.

The Cryptocurrencies Available on iTrustCapital

When it comes to creating crypto IRAs, iTrustCapital comes up with a wide number of cryptocurrencies. Let’s check out the IRA-eligible cryptocurrencies available on iTrustCapital.

Axie Infinity (AXS)
Bitcoin Cash (BCH)
Litecoin (LTC)
Decentraland (MANA)
Shiba Inu (SHIB)
Maker (MKR)
Compound (COMP
Avalanche (AVAX)
Bitcoin (BTC)
Ethereum (ETH)
Chainlink (LINK)
Polkadot (DOT)
Dogecoin (DOGE)
Polygon (MATIC)
Stellar (XLM)
Uniswap (UNI)
Sushi (SUSHI)
Yearn. finance (YFI)
Aave (AAVE)
Curve DAO (CRV)
Tezos (XTZ)
Enjin (ENJ)
Cosmos ATOM)
Algorand (ALGO)
Basic Attention (BAT)
EOS (EOS)
Cardano (ADA)

Apart from creating a Bitcoin IRA, you can also select one of the listed cryptocurrencies to create a crypto IRA. You can use your SEP IRA or Roth IRA to fund your crypto IRA, and you will get all the tax benefits of your IRA. The account minimums specified for iTrustCapital crypto IRAs are also more affordable than the account minimums specified by other crypto IRA platforms. If you want to create an IRA with the help of iTrustCapital, you have to invest at least $2500.

The Pricing and Fees of iTrustCapital

Monthly maintenance fees are not charged by the platform. You can use the iTrustCapital mobile app for free too.

According to the yearly guidelines unleashed by iTrustCapital, users need to pay 1% of every transaction’s total transaction value.

Gold traders need to pay $50 over spot per ounce, and silver traders need to pay $2.50 over spot per ounce.

Coming to the minimum deposit amount of iTrustCapital, the platform requires every user to deposit $1000 to create a crypto IRA. If you want to convert your traditional IRA into a Roth IRA or SEP IRA, you will have to pay a one-time fee of $75.

FAQs

Is iTrustCapital Legit?

Yes, iTrustCapital is a legit company that has been there in the industry for a prolonged span.

Is iTrustCapital FDIC-insured?

Yes, iTrustCapital is FDIC-insured, and that’s why most users prefer this platform.

Can I Roll Over an Existing Employer Plan Into a Crypto IRA?

If you’re using the services of iTrustCapital, you can do that using the official website or the mobile app.

Does an iTrustCapital Crypto IRA Pay Interest?

No, iTrustCapital crypto retirement accounts don’t pay interest to users.

Can I Get Tax-free benefits As I Open an iTrustCapital crypto IRA?

If you use a Roth IRA to fund your crypto IRA on iTrustCapital, you may get tax-free benefits.

Is iTrustCapital a Cryptocurrency Exchange Platform?

No, iTrustCapital doesn’t work as a cryptocurrency exchange platform.

What are Tax-Deferred Accounts?

Usually, individuals having tax-deferred accounts don’t need to pay tax on the money or assets invested in those accounts. Using tax-deferred accounts ensures decent tax-deferred gains.

Can I Create a Bitcoin IRA on iTrustCapital With Cash Contribution?

In that case, you will have to get in touch with the customer support team of iTrustCapital to fund your Bitcoin IRA with a cash contribution.

Final Words

There is no doubt that iTrustCapital is one of the leading crypto IRA platforms in the crypto world. According to the iTrustCapital reviews found on the official website of the platform, the platform should be an obvious choice for every crypto IRA enthusiast. If you have a self-directed IRA and you want to convert that into a crypto IRA, you can trust the services of iTrustCapital without any doubt, and the platform won’t disappoint you at all.

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