iTrustCapital is best for investors who want to take a different route to amassing retirement wealth. It offers self-directed IRAs (SDIRAs) that let you build wealth with cryptocurrencies and precious metals like gold and silver. It also offers competitive fees and staking on polkadot, but it has a limited cryptocurrency selection and no mobile app access.
Founded in 2018, iTrustCapital is an SDIRA platform that lets you invest in IRAs with alternative assets like cryptocurrencies, silver, and gold. The platform offers multiple IRA types — including traditional, Roth, SEP, and SIMPLE IRAs — and it allows for crypto staking rewards of up to 9.5%.
However, keep in mind that you can only stake one cryptocurrency (polkadot), and you'll only be able to fund your IRA with US dollars.
Ways to invest with iTrustCapitalCryptocurrenciesIf you're looking to invest toward retirement with alternative investments like cryptocurrencies and precious metals, iTrustCapital's SDIRA could be right for you. You can rollover funds from existing retirement accounts, including 401(k)s, 403(b)s, thrift savings plans, SEP IRAs, SIMPLE IRAs, 457 plans, and more.
As for its crypto selection, it offers the following: Bitcoin, ethereum, cardano, chainlink, polkadot, litecoin, dogecoin, bitcoin cash, stellar, EOS, uniswap, compound, sushi, yearn.finance, polygon - matic, aave, solana, curve dao, basic attention, enjin, algorand, cosmos, tezos, maker, shiba inu, and decentraland.
You'll pay 1% per crypto transaction, and you can buy these assets 24/7. This is a competitive fee, given that some SDIRA platforms charge up to 2.5% per crypto transaction. And as for security, iTrustCapital offers $320 million in insurance.
It also offers custodial cold wallets. It specifically secures your cryptocurrencies through institutional-grade, offline storage. However, this could be a downside for investors in search of non-custodial wallets. With this platform, the custodian controls the keys to your crypto balances.
StakingiTrustCapital also offers another feature that many SDIRAs don't: staking. Staking is a way to passively build crypto wealth. With this process, you buy a set amount of crypto and lock it up for a certain period to earn rewards.
You can stake for 90 days through the platform, and you can earn up to 9.5% interest, though returns aren't guaranteed. But there are two drawbacks to consider if you're thinking of utilizing this feature at iTrustCapital. For one, you'll have to pay a 20% staking fee. The other thing to look out for is that you can only stake one asset at this time: polkadot (DOT).
You can currently stake a minimum of five DOT. As of November 11, 2022, DOT's price sits at more than $5. Therefore, you'll need more than $25 to start staking.
Precious metalsIf you want to take the metals investing route, you can also invest in physical gold and silver. As for fees, gold costs $50 over spot per ounce. Silver costs $2.50 over spot per ounce.
iTrustCapital: Is it trustworthy?The Better Business Bureau gives iTrustCapital an A- rating. This is a high rating, since the bureau's ratings range from A+ to F.
The BBB reviews several factors when evaluating businesses. These include type of business, time in business, customer complaint history, licensing and government actions, advertising issues, and more. However, its ratings don't guarantee that a company will be reliable or perform well.
This is why it's important to do your due diligence before opening an account with a business. Plus, it's equally crucial to research a company's legal history. iTrustCapital's slate is clear of any lawsuits, scandals, or security breaches.
It has closed two complaints in the last 12 months, according to its BBB profile.
Founded in 2018, iTrustCapital is an SDIRA platform that lets you invest in IRAs with alternative assets like cryptocurrencies, silver, and gold. The platform offers multiple IRA types — including traditional, Roth, SEP, and SIMPLE IRAs — and it allows for crypto staking rewards of up to 9.5%.
However, keep in mind that you can only stake one cryptocurrency (polkadot), and you'll only be able to fund your IRA with US dollars.
Ways to invest with iTrustCapitalCryptocurrenciesIf you're looking to invest toward retirement with alternative investments like cryptocurrencies and precious metals, iTrustCapital's SDIRA could be right for you. You can rollover funds from existing retirement accounts, including 401(k)s, 403(b)s, thrift savings plans, SEP IRAs, SIMPLE IRAs, 457 plans, and more.
As for its crypto selection, it offers the following: Bitcoin, ethereum, cardano, chainlink, polkadot, litecoin, dogecoin, bitcoin cash, stellar, EOS, uniswap, compound, sushi, yearn.finance, polygon - matic, aave, solana, curve dao, basic attention, enjin, algorand, cosmos, tezos, maker, shiba inu, and decentraland.
You'll pay 1% per crypto transaction, and you can buy these assets 24/7. This is a competitive fee, given that some SDIRA platforms charge up to 2.5% per crypto transaction. And as for security, iTrustCapital offers $320 million in insurance.
It also offers custodial cold wallets. It specifically secures your cryptocurrencies through institutional-grade, offline storage. However, this could be a downside for investors in search of non-custodial wallets. With this platform, the custodian controls the keys to your crypto balances.
StakingiTrustCapital also offers another feature that many SDIRAs don't: staking. Staking is a way to passively build crypto wealth. With this process, you buy a set amount of crypto and lock it up for a certain period to earn rewards.
You can stake for 90 days through the platform, and you can earn up to 9.5% interest, though returns aren't guaranteed. But there are two drawbacks to consider if you're thinking of utilizing this feature at iTrustCapital. For one, you'll have to pay a 20% staking fee. The other thing to look out for is that you can only stake one asset at this time: polkadot (DOT).
You can currently stake a minimum of five DOT. As of November 11, 2022, DOT's price sits at more than $5. Therefore, you'll need more than $25 to start staking.
Precious metalsIf you want to take the metals investing route, you can also invest in physical gold and silver. As for fees, gold costs $50 over spot per ounce. Silver costs $2.50 over spot per ounce.
iTrustCapital: Is it trustworthy?The Better Business Bureau gives iTrustCapital an A- rating. This is a high rating, since the bureau's ratings range from A+ to F.
The BBB reviews several factors when evaluating businesses. These include type of business, time in business, customer complaint history, licensing and government actions, advertising issues, and more. However, its ratings don't guarantee that a company will be reliable or perform well.
This is why it's important to do your due diligence before opening an account with a business. Plus, it's equally crucial to research a company's legal history. iTrustCapital's slate is clear of any lawsuits, scandals, or security breaches.
It has closed two complaints in the last 12 months, according to its BBB profile.