iTrustCapital is a crypto IRA provider that lets you buy and sell crypto 24/7 using your retirement account.
By signing up for iTrustCapital, you can roll over an existing IRA and diversify your holdings into crypto.
Should you trust iTrustCapital with your IRA? How does iTrustCapital work? Please keep reading to discover everything you need to know about iTrustCapital and their crypto IRA services.
What is iTrustCapital?
iTrustCapital is a crypto IRA company found online at iTrustCapital.com. After signing up for iTrustCapital’s crypto IRA, you can use the iTrustCapital app to buy and sell crypto in your IRA.
iTrustCapital provides 24/7 crypto investing across 25+ IRA-eligible cryptocurrencies. According to the official description of the service, users can enjoy all of the tax advantages of an IRA, including tax-free transactions, while also diversifying into crypto.
Unlike other crypto IRA providers, iTrustCapital also lets you add precious metals to your self-directed IRA: you can buy gold and silver through the platform as quickly as you would buy any cryptocurrency.
iTrustCapital does not charge setup fees or monthly fees. Instead, the company charges transaction fees of 1%. While other crypto IRA companies charge monthly maintenance, security, and storage fees, iTrustCapital charges a transaction fee when buying and sellingHow Does iTrustCapital Work?
iTrustCapital works similar to other crypto IRA providers: the company helps you set up a crypto IRA, then helps you access that IRA via a trading platform.
Like all crypto IRA services, iTrustCapital needs a custodian to hold the crypto you purchase. iTrustCapital uses Coinbase Custody, the world’s leading institutional cold storage provider. A $320 million insurance policy backs all funds, SOC 2 Type II Security Certification, and Fireblocks’ multi-layer security system, among other tools and technologies.
After signing up for iTrustCapital, you can invest in well-known cryptocurrencies and lesser-known cryptocurrencies, all of which are IRA-eligible. Because you’re signing up for a self-directed IRA, you can invest in more assets than just stocks and bonds. A self-directed IRA can hold everything from gold to crypto to property.
How to Setup an IRA with iTrustCapital
iTrustCapital, like most crypto IRA companies, makes it easy to set up an IRA in a few minutes. Here’s how it works:
- Create an account
- Select your IRA type
- Fund your account
- Begin investing 24/7 from your dashboard
You can apply for an account online in minutes. It’s free to open an account. Then, you complete your IRA application and fund your IRA.
iTrustCapital Available Cryptocurrencies
As of 2022, iTrustCapital offers 27 cryptocurrencies and two precious metals. You can buy and sell all of the following cryptocurrencies through iTrustCapital:
- Axie Infinity (AXS)
- Decentraland (MANA)
- Shiba Inu (SHIB)
- Maker (MKR)
- Avalanche (AVAX)
- Bitcoin (BTC)
- Ethereum (ETH)
- Chainlink (LINK)
- Polkadot (DOT)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Bitcoin Cash (BCH)
- EOS (EOS)
- Stellar (XLM)
- Uniswap (UNI)
- Compound (COMP)
- Sushi (SUSHI)
- Yearn. finance (YFI)
- Polygon (MATIC)
- Aave (AAVE)
- Curve DAO (CRV)
- Tezos (XTZ)
- Cosmos ATOM)
- Algorand (ALGO)
- Enjin ENJ)
- Basic Attention (BAT)
- Cardano (ADA)
iTrustCapital Precious Metals
Most crypto IRA providers exclusively let you add cryptocurrencies to your IRA. However, iTrustCapital also offers two precious metals, including:
- Physical gold
- Physical silver
You can buy and sell physical gold and silver with iTrustCapital, adding them to your retirement account like you add cryptocurrencies and other assets.
All iTrustCapital gold and silver are physical gold and silver. It’s not a security, derivative, future, or other financial contract. It’s fully backed by physical gold and silver at all times.
iTrustCapital partners with the Royal Canadian Mint, a Crown corporation owned by the Government of Canada, to secure its physical gold and silver.
iTrustCapital Features & Benefits
iTrustCapital emphasizes all of the following features and benefits:
Apply for an IRA Online in Minutes: Like most crypto IRA companies, iTrustCapital makes it easy to sign up for an IRA online in a few minutes. Instead of dealing with complicated paperwork, you can create a free account online through iTrustCapital.com with minimal hassle.
Fund Your Account in 3 Ways: iTrustCapital makes contributions easy, offering you three methods of funding your account. You can transfer, rollover, or contribute to supporting your IRA, similar to how you would fund an ordinary IRA. You can also transfer from another bitcoin or crypto IRA with no asset liquidation.
29+ Assets Available: iTrustCapital currently offers 27 cryptocurrencies and two precious metals. You can buy and sell these assets 24/7 within your iTrustCapital IRA. If you want to add bitcoin to IRA, then swap some of that bitcoin into gold, then you can do that with iTrustCapital.
Coinbase Custody: iTrustCapital uses Coinbase Custody as its custodian for crypto holdings. Coinbase is the world’s leading institutional cold storage provider. Coinbase Custody offers SOC 2 Type II security certification, and iTrustCapital’s holdings are backed by a $320 million insurance policy. Coinbase Custody is an independently-capitalized entity from Coinbase.com, and they follow different asset storage protocols than Coinbase.com. Coinbase Custody is regulated by the New York Department of Financial Service s(NYDFS) and operates under Coinbase Custody Trust Company, LLC.
Protected by Fireblocks: iTrustCapital also uses a security system called Fireblocks to safeguard accounts and holdings. Fireblocks uses a multi-layer approach to security to eliminate single points of failure. Fireblocks also has SOC 2 Type II security certification, and a $42 million insurance policy backs it.
Gold and Silver from the Royal Canadian Mint: iTrustCapital stores its IRA-eligible gold and silver in secured vaults at the Royal Canadian Mint. The Royal Canadian Mint is a Crown corporation owned by the Government of Canada. iTrustCapital also uses VaultChain to manage and secure its physical gold and silver.
iTrustCapital Pricing & Fees
iTrustCapital offers straightforward pricing with no setup fees, no monthly fees, and transparent trading fees.
Here’s how iTrustCapital’s pricing and fees break down:
- Monthly Account Fee: $0
- Cryptocurrency Transaction Fee: 1%
- Gold Trading: $50 over spot per ounce
- Silver Trading: $2.50 over spot per ounce
- Minimum Deposit Amount: $1,000 to open an account
- Conversion Fee: $75 one-time fee to convert a Traditional IRA to a SEP or Roth IRA
What’s Included with Your iTrustCapital Account?
Your iTrustCapital includes all of the following:
- Setup of your new IRA
- Facilitation of transfer, rollover, or contribution to fund your IRA
- All necessary IRS and tax reporting
- Unlimited storage with institutional custody partners
- iTrustCapital platform support and maintenance
- No additional or hidden account fees
iTrustCapital is a leading digital asset IRA platform allowing clients to directly buy and sell cryptocurrencies and physical gold in real-time using their retirement accounts.
Todd Southwick founded the company in 2018. The goal of iTrustCapital was to eliminate the costly inefficiencies and outdated processes of previous IRA models, allowing investors to safely and legally move money from their retirement accounts into crypto, physical gold, and physical silver.
To date, iTrustCapital has processed over $4.5 billion in transaction volume.
iTrustCapital is headquartered in Irvine, California, and maintains a branch in Agoura Hills. You can contact the company via the following:
- Mailing Address: 18575 Jamboree Rd Suite 600, Irvine, CA 92612
iTrustCapital operates in all states. However, the company does not offer crypto IRA services to people in New York or Hawaii (although people in New York and Hawaii can still access precious metal IRA services).
In January 2022, iTrustCapital raised $125 million at a valuation of $1.3 billion.
iTrustCapital is a crypto IRA provider offering transparent, low fees. If you want to add crypto to your IRA – or gold and silver – you can do that using iTrustCapital. iTrustCapital makes it easy to add assets to your account and trade them 24/7.
To learn more about iTrustCapital and how it works or to access the company’s IRA services today, visit the official website at iTrustCapital.com.