iTrustCapital offers a diverse array of investment choices, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as precious metals such as gold and silver. This variety allows investors to build a balanced and diversified portfolio within their IRA, reducing risk while maximizing potential returns.
One of the primary benefits of using iTrustCapital for cryptocurrency investments is the tax-advantaged status of IRAs. Contributions to a traditional IRA can be tax-deductible, and the investments grow tax-deferred until withdrawals are made during retirement. For Roth IRAs, contributions are made with after-tax dollars, but qualified withdrawals are tax-free. This can lead to significant tax savings over time.
iTrustCapital prides itself on offering a transparent fee structure with low costs compared to many traditional financial services. There are no setup fees, and the platform charges a low monthly account fee and a small transaction fee per trade. This cost-effective approach makes it accessible for a wide range of investors.
The iTrustCapital platform is designed to be user-friendly, making it easy for individuals to manage their retirement accounts and execute trades. The intuitive interface ensures that even those new to cryptocurrency investing can navigate the platform with ease.
Security is a top priority for iTrustCapital. The platform employs industry-leading security measures, including secure cold storage for cryptocurrencies and insurance coverage to protect against theft or loss. This ensures that investors' assets are safe and secure.