Investors looking to diversify their retirement portfolio have multiple options open to them. In addition to the asset offerings of your employer, it’s worth checking out other opportunities – both traditional and digital – that can potentially expand your retirement portfolio.
Metals, like gold and silver or cryptocurrencies, are two avenues of diversification. At iTrustCapital (ITC), investors of any level can add crypto to their retirement accounts with the help of a customized crypto IRA account.
With a variety of stable digital coins, tax advantages, personal account protections, and diverse trading options, the platform facilitates a seamless entry into the world of cryptocurrency-based retirement investing. Whether you’re a novice or an experienced trader, iTrustCapital is a great option for diversifying your retirement account and portfolio.
If you are starting from the ground up with your savings or simply looking for alternative assets to preemptively create a successful financial future, iTrustCapital is the perfect companion for anyone eager to showcase their expertise.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
See if iTrust Capital made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
iTrustCapital’s IRA account offers a unique opportunity for savvy investors, featuring digital assets such as cryptocurrency, as well as metals like gold and silver.
With a user-friendly and IRS-compliant interface, the website is perfect for those new to investing in these alternative markets.
The approach of iTrustCapital was developed with novice investors in mind who have no prior knowledge of online trading and don’t know the expertise needed to get up and running on such platforms.
Clients can trust that their crypto investments remain secure due to the robust compliance standards of the company and modern encryption software.
iTrustCapital accepts three kinds of IRA accounts at the moment:
SEP IRA (Simplified Employee Pension)
Investors who want to create an IRA account on this platform should know that iTrustCapital currently offers only eight digital currencies. However, the handful of crypto assets provided are the big-name ones, including Ethereum, Bitcoin, and Litecoin.
The platform also makes it incredibly easy to open an iTrustCapital FDIC-insured account. Investors can easily set up an account with just a few clicks and start rolling funds over almost instantly. Plus, the customer service team is dedicated to helping clients make the best decisions for their investments.
They’ll help you choose the right investments for your needs and give you guidance throughout the process.
iTrustCapital IRA Account and Crypto Trading
Opening a cryptocurrency IRA account with iTrustCapital is similar to opening any other traditional or Roth IRA account – straightforward, easy, and quick.
As an investor, all you need to provide is personal and financial information, along with your bank account details. After your application is approved (in three business days or less), you can start trading cryptocurrencies with confidence.
Funding your retirement account can be done through a U.S. bank account, an employer-sponsored retirement plan, or by transferring a self-directed IRA. While cryptocurrency trading may seem intimidating at first, it is no more difficult than any other asset trading.
With iTrustCapital, experienced and beginner investors alike can quickly and easily start trading alternative assets within a secure and compliant crypto IRA account.
When it comes to customer support, account holders can rely on live chat and phone service. Experts are available around the clock, providing iTrustCapital clients with answers to all kinds of questions. Those who haven’t created an account with the platform can also seek customer support. At the moment, iTrustCapital accounts can only support USD as funds.
Trading Precious Metals with iTrustCapital
Precious metals have proven to be a reliable, attractive investment option for those planning for retirement. iTrustCapital’s VaultChainTM lets customers buy and sell physical gold and silver from the vault of the Royal Canadian Mint, one of the world’s most secure facilities.
It offers full access to your investments’ titles and the ability to request physical delivery. The Royal Canadian Mint is subjected to annual audits and daily reconciliations of its contents. iTrustCapital uses the Tradewind Platform to carry out transactions securely.
On top of that, ITC has multiple alternative assets that investors can consider for trading. However, physical gold and silver trades are the most commonly invested in when creating a tax-advantaged retirement account.
Is the iTrustCapital Platform Insured?
The high commodity value held and traded regularly on ITC raises questions about its insurance policies in unfortunate theft and loss cases. However, investors wanting to create retirement accounts for cryptocurrencies and precious metals have nothing to worry about.
Due to the large volume of assets the platform covers, Curv, which is a PayPal holding, insures up to approximately $50 million in crypto assets and physical gold and silver.
On top of that, the Federal Deposit Insurance Corporation (FDIC) also provides extra protection on all retirement accounts, including those for cryptocurrencies and precious metals.
How Does iTrustCapital Protect Assets?
Investors need to know that their online transactions are secure and their personal information is protected. With recent increases in identity theft and cybercrime, this is a particularly important issue.
To ensure the highest level of security for its clients, iTrustCapital has implemented a variety of safety measures.
Highly advanced Curv security protocols are employed to protect user accounts, as well as additional layers of encryption which are in line with the industry standard. Every user must use a secure email address, their device must be set up to receive a unique one-time login code, and two-factor authentication must be used.
This makes it almost impossible for hackers to gain access to users’ accounts, even if they have login credentials. By implementing these measures, iTrustCapital has ensured its investors have peace of mind knowing that their online transactions are kept secure and their personal information is safe.
The Tax Benefits Provided by an iTrustCapital IRA
Starting an investment in iTrustCapital’s cryptocurrency IRA can be a great way to benefit from tax-deferred growth. As the IRS treats cryptocurrencies in IRAs similarly to any other traditional IRA, all the standard benefits of a regular account are present.
However, for those who’d rather go for a Roth IRA, traditional IRA, or SEP IRA, taxes will be due when withdrawing money from the account.
Bear in mind that predicting how this will impact taxes in years to come can be a risk. It is highly recommended that investors stay informed of updates and consult a tax specialist for any concerns or queries.
Cryptocurrencies Available on iTrustCapital
The platform offers multiple renowned cryptocurrencies, providing those who want to diversify their retirement account portfolios with a range of choices.
Bitcoin Cash (BCH)
Although other trading platforms offer more than a hundred cryptocurrencies for trading, ITC offers investors only a handful of the best. The selected currencies are also some of the most stable ones in the industry.
Unlike most digital assets that suddenly rose to a short period of fame due to fads and memes, the above-mentioned cryptocurrencies continue reigning as the most demanded options. In fact, multiple global markets now consider Ethereum, Litecoin, and Bitcoin as actual forms of monetary value.
iTrustCapital Fees: What to Expect
iTrustCapital ensures a straightforward pricing method for all users:
Monthly account fees measure up to $29.95 only.
Purchasing physical gold costs $50 per ounce.
Purchasing physical silver costs $2.50 per ounce only.
Cryptocurrency trades include 1% of the investment value.
Compared to other trading platforms, the monthly fees charged by iTrustCapital are extremely low. As a result, all of its retirement accounts hold good value and competition in the market.
Investors can trust iTrustCapital for reliable customer service availability at all hours – by phone and chat – for queries about investments, money, and valuable assets.
With email support and scheduled phone calls from customer service representatives, non-account holders can get quick answers to their questions before making a decision on investing.
From the moment you sign up, you’ll have access to helpful customer service representatives who are always available to answer your questions and help you get the most out of your crypto IRA.
As part of its commitment to customer support, iTrustCapital also offers a variety of resources, including educational materials and updates about the latest news in the world of cryptocurrency.
In terms of security, iTrustCapital’s crypto IRA is FDIC-insured, meaning your money is always safe and secure.
Furthermore, it uses a secure custodial wallet, which keeps your cryptocurrency investments safe from hackers and other malicious actors. This ensures that your retirement savings are always in safe hands, no matter what.
Frequently Asked Questions | iTrustCapital IRA
Although the overall concept of iTrustCapital seems promising for investors, there are still a few unanswered questions that need to be addressed:
What Kind of Investment Advice Does iTrustCapital Provide Clients with?
Those signing up for a retirement account with ITC will have access to all subscription plans and pricing information. The data provided is simple and straightforward but proves to be effective when deciding what to invest in.
On the other hand, additional help for first-time investors is available in the knowledge base. This allows clients to make the most out of their crypto IRA without fearing losses. However, note that the investment advice is not provided by iTrustCapital’s financial advisors.
Can All of My Current IRA Assets Be Transferred to a New iTrustCapital Account?
Rolling over your retirement account to iTrustCapital can be a seamless process—whether it’s a self-directed IRA, SEP IRA, Roth IRA, or a crypto IRA from somewhere else. You won’t have to liquidate your investments, even if they involve cryptocurrencies.
If your IRA comes from an employer retirement plan, you should be aware that there might be additional rules in place that affect your ability to convert it to a self-directed crypto IRA.
However, if you’d like to explore the possibilities, contact the administrator at your retirement plan for more info.
Be mindful that, according to the IRS, a crypto IRA is treated as property, so you can’t directly transfer your existing holdings to an IRA at iTrustCapital. You’d first need to sell your cryptocurrencies, convert them to USD, and then use those funds to purchase brand-new crypto in the account.
Where Are Precious Metals Like Gold and Silver Held?
Owned by the Canadian Government, the Royal Canadian Mint holds all of the gold and silver precious metals invested through iTrustCapital. All cryptocurrencies and precious metals are managed by the same distributor company.
With its state-of-the-art security systems and secure processing of transactions, investors can trust that their investments are in good hands.
How Much Can You Invest in an IRA?
Although a down payment of $2,500 is required to create an account in this digital asset IRA platform, clients can invest as much as they want in their self-directed IRA account. However, after-tax dollars do have some amount restrictions set to them.
What Is the Time Limit for Taking Money Out of an IRA?
Similar to most other IRAs, account holders can withdraw money from their self-directed IRA on iTrustCapital once they reach the age of 59 1/2. Withdrawing funds before this time will result in a 10% penalty added to the regular income taxes.
How Long Does It Take to Fund an IRA?
Following the submission of applications, clients have to wait for at least three business days before their IRA account is officially established. However, the funding method will determine how long it might take to start investing in crypto or precious metals like gold and silver.
Typically, a Roth IRA fund transfer takes two weeks to complete, whereas direct contributions require a week only.
On the other hand, employer plan rollovers are the most time-consuming – stretching out to three to four weeks. The time needed for a crypto IRA transfer will also be lengthy, so make sure to seek financial advice before rolling over funds.
The Pros and Cons of an iTrustCapital Account
Investing in cryptocurrency has become an increasingly popular way to diversify one’s portfolio. If you’re considering an iTrustCapital account to invest in a Bitcoin IRA or self-directed IRA, you’ll want to understand the pros and cons of this platform.
All client orders are immediately executed.
There are minimal monthly fees.
The software is easy to navigate and use.
No storage or setup fees are required.
Excellent customer support is available 24/7, even for non-account holders.
Only gold and silver are available as precious metal investments.
Limited cryptocurrencies are available for investment purposes.
With an iTrustCapital account, there are both advantages and disadvantages. Investors can benefit from its low fees, tax benefits, ease of use, and secure platform. However, there are limited types of crypto investments available, and only two types of precious metal investments are offered.
Also Read: Investing in Gold for Beginners
iTrustCapital Review: Quick Summary
iTrustCapital is an expert-recommended resource for incorporating cryptocurrency trading. Promoting the benefits of adding crypto assets to the traditional IRA, this platform provides the opportunity to invest in both stable assets – like precious metals – and volatile assets like cryptocurrency.
Investing through iTrustCapital allows you to balance out the volatility of crypto with the security of more dependable, traditional retirement investment options.
By incorporating these assets, individuals can ensure their retirement plans are both well-rounded and profitable with included tax advantages. It provides a sound alternative for those who do not want to rely entirely on a single asset.
One of the most attractive benefits of iTrustCapital is its ability to facilitate Bitcoin IRA investments.
Investors can take advantage of FDIC-insured, tax-free investments and diversify their portfolios with the world’s most popular digital currency. This can be especially attractive to those looking to invest in the crypto space, as Bitcoin IRA investments have no annual fees or pre-tax dollars associated with them.
iTrustCapital is a one-of-a-kind cryptocurrency IRA broker, providing attractive precious metals investment options as well. With a low monthly maintenance fee and excellent customer support, the platform has become increasingly valuable for those wanting to diversify their retirement portfolios.
Although it does fall short when it comes to the range of digital currencies offered, iTrustCapital quickly regains client support and trust through its secure blockchain distributed ledger system.
The platform offers a safe, FDIC-insured crypto IRA. This allows investors to purchase, store, and trade cryptocurrencies in a tax-advantaged account. Investments are stored in the highest-grade wallets, ensuring that your holdings are secure and sound. iTrustCapital is designed to meet the needs of novice and experienced investors alike.
Moreover, ITC also supports a variety of virtual assets, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more.
On top of that, the site’s user-friendly interface allows you to deposit funds and start trading quickly. Plus, with helpful tools and educational resources, iTrustCapital makes it simple for novices to get started.
Ultimately, the platform is ideal for investors of all experience levels who are looking to add assets to their portfolios.
With a secure, FDIC-insured crypto IRA, easy-to-use interface, and a range of features, iTrustCapital is an excellent choice for anyone looking to invest in cryptocurrencies, roll over existing IRA funds to a new account, or store stable metals like gold and silver.