iTrustCapital

iTrustCapital: Cryptocurrency and Alternative Asset Investment Platform for IRA Accounts

iTrustCapital is an online platform that allows investors to open IRA (Individual Retirement Account) accounts to buy and sell cryptocurrencies, stocks, ETFs, gold, and silver within a tax-advantaged environment. The company states that it has accumulated over $18 billion in transactions and more than 300,000 accounts, and that it has received over 16,000 reviews with an "Excellent" rating.

Account Types and Investment Options

The platform offers several account types: Traditional IRA, Roth IRA, SEP IRA, as well as premium custody accounts and institutional treasury accounts. Users can transfer an existing IRA or roll over from 401(k), TSP, 403(b), 457, and other plans. Once the account is funded, it is possible to trade cryptocurrencies, stocks, ETFs, precious metals, and cash. Available assets include Bitcoin (BTC), Ethereum (ETH), BNB, USDC, Solana (SOL), XRP, Tron (TRX), as well as stocks of companies such as NVIDIA, Alphabet, Apple, Microsoft, Amazon, TSMC, and Broadcom, and metals such as gold, silver, and platinum.

Fee Structure

According to the platform's information, there are no monthly or annual fees, nor opening or closing charges. A 1% fee applies per cryptocurrency transaction, stock purchases and sales are commission-free, and for gold and silver a fee over the spot price per ounce is charged. The company notes that estimated execution prices include all iTrustCapital fees before trading, and that these are subject to change.

Custody and Security

iTrustCapital states that it never takes custody of client assets: it does not lend them, does not leverage them, nor use them for profit, and does not allow its custody providers to do so either. Assets are stored with third-party institutional providers and with a regulated custodian, a state-chartered trust company. The platform also mentions that it provides necessary tax reporting to the IRS and unlimited storage with its custody partners.

Account Opening and Funding Process

Registration is done online and at no cost. Funding can be done through cash contributions (ACH), transfer of an existing IRA, or rollover from employer plans. iTrustCapital highlights that it is one of the few companies offering in-kind transfers for cryptocurrency IRA accounts. Once the account is funded, the user can trade immediately.

Services for Businesses and Organizations

The platform has launched treasury accounts aimed at businesses, trusts, and non-profit organizations, which allow buying, selling, and holding cryptocurrencies as part of their treasury strategy. It also offers premium custody accounts for those who wish to trade and store cryptocurrencies outside of an IRA.

Customer Service

The company emphasizes its US-based customer service, which according to its presentation answers calls quickly and without automated menus. Testimonials collected on the website highlight the professionalism, patience, and perceived security on the part of users.