iTrustCapital was founded in 2018 with the goal of making alternative investments, such as precious metals and cryptocurrency, more accessible to individuals through self-directed IRAs. The company has quickly established itself as a leader in the alternative investment space, with over $6 billion in transaction volume.
Since its launch, iTrustCapital has continually evolved and improved its platform to meet the needs of its investors. This includes adding new funding methods and expanding the range of assets available on the platform.
iTrustCapital offers a low-cost option for individuals, with a $0/month fee for personal accounts. Additionally, the platform charges a 1% cryptocurrency transaction fee and $50 per ounce gold transaction fee, as well as $2.50 per ounce silver transaction fee.
There are no additional or hidden account fees, which makes it a competitive option compared to other similar platforms.
iTrustCapital’s platform offers a variety of features to help investors manage their alternative investments. Some of these include:
- Trading platform: Allows for buying and selling of popular cryptocurrencies, such as Bitcoin and Ethereum.
- Digital wallets: Securely store assets.
- IRS/tax reporting: Includes all necessary reporting for tax-advantaged retirement accounts.
- Precious metals: Allows for the inclusion of physical gold and other precious metals in retirement portfolios.
- Cryptocurrency IRAs: Allows for the inclusion of crypto assets and Bitcoin IRA in a tax-advantaged retirement account.
- Funding methods: Variety of funding methods available to make funding an account and starting trading easy.
- User-friendly interface: Easy for both novice and experienced investors to navigate.
One of the biggest advantages of using iTrustCapital is the ability to include alternative assets, such as precious metals and cryptocurrency, in your retirement portfolio. This diversifies your investment options and can potentially lead to higher returns.
iTrustCapital also offers a variety of funding methods, making it easy for investors to fund their account and start trading. The platform also has a user-friendly interface, making it easy for both novice and experienced investors to navigate.
Another advantage of iTrustCapital is that it offers a low-cost option for individuals, with a $0/month fee for personal accounts. Additionally, the platform charges a 1% cryptocurrency transaction fee and $50 per ounce gold transaction fee, as well as $2.50 per ounce silver transaction fee, making it competitive with other similar platforms.
One of the downsides of iTrustCapital is that it is only available to US citizens, limiting its accessibility to investors from other countries. Additionally, the platform does not currently offer any educational resources or tools for investors, which could be beneficial for novice investors.
Another potential downside is that the platform only offers self-directed IRAs, which may not be suitable for all investors. Self-directed IRAs require a higher level of knowledge and experience, as the investor is responsible for managing and making investment decisions.
iTrustCapital review wrap-up
iTrustCapital offers a unique opportunity for individuals to invest in alternative assets, such as precious metals and cryptocurrency, through self-directed IRAs. The platform’s trading options, digital wallets, and IRS/tax reporting make it a convenient choice for investors.
Overall, iTrustCapital can be a valuable addition to a retirement portfolio for those who are comfortable with self-directed IRAs and are looking to diversify their investment options. If this sounds like you, iTrustCapital may be worth considering.
In conclusion, iTrustCapital is a trading platform that allows individuals to invest in alternative assets, such as precious metals, cryptocurrency, and digital assets, through self-directed IRAs. With its low-cost option, variety of funding methods, and user-friendly interface, it is a convenient choice for investors. However, it is important to note that self-directed IRAs require a higher level of knowledge and experience and the platform is currently only available to US citizens. If you are comfortable with self-directed IRAs and are looking to diversify your investment options, iTrustCapital may be worth considering. If you’re interested in signing up for iTrustCapital, you can do so by visiting their website.