In order to be able to successfully invest in gold or cryptocurrency, the knowledge of IRS tax rules is of great importance. This is because the transaction process can be quite complicating. iTrust capital specializes in the simplification of buying and selling cryptocurrencies as well as gold through self-directed IRAs using their asset trading platform.
They make the purchase process easier by creating a tax advantaged retirement account used to hold these investments. The company makes their fee structure associated with the purchase and storing of Gold as well as keeping the cumulative cost low.
A recent survey carried out by fidelity digital assets has shown that about 36% of the respondents invest in crypto and that number keeps growing by the day. If you are looking to invest in gold and you are not sure how to go about it, you can check metal res iTrust Capital for a detailed guide on the appropriate steps to take.
In this article, a review of iTrust capital, their services, pros and cons will be discussed in order to understand what they are about and what your expectations about them should be. Keep reading to learn more.
What is great about them?
If you are curious about iTrust capital and what sets them apart from other companies, here is a short list of their top perks and what makes them a great option for people who want to diversify and add cryptocurrency to their list of investments.
They provide tax advantaged cryptocurrency accounts
As an individual looking to invest your money towards your retirement, the last thing you want to experience is a complicating and difficult system. iTrust capital helps you put your cryptocurrency into an IRA.
It gives you access to use a self-directed IRA to invest your retirement savings in cryptocurrency. You also have the chance to choose between a traditional, Roth, and a SEP IRA for a tax free or tax deferred profit on your investments.
Great customer service
On various forums like Reddit as well as platforms like Trustpilot, iTrust capital has commendable reviews with respect to customer service. Customers are especially thrilled about how easy it is to set up an account and also how they are assisted to solved any issue they might have. You have the chance to schedule a call with a representative or send a message online in order to fix your problem.
Access to in-kind Transactions
If you already have cryptocurrency in a different IRA, this company has made it so that you do not have to first convert into a fiat currency before transferring to your account with iTrust capital. Additionally, you get to trade free of any fees for the first six months.
When you eventually retire and decide to take your contributions, you also have the choice to take them in kind. This is ideal for you if you are holding them long term and don’t intend to sell.
It is also important to note that you cannot make in-kind transfers of crypto from a wallet or crypto exchange account into your IRA. This is because the IRS rules prohibit you from doing a direct transfer to your IRA. You can check here https://www.trustpilot.com/review/itrustcapital.com for some direct customer reviews.
On Trustpilot, this company is said to have more than 4.6 in rating and on Facebook a whopping 5 out of 5stars. Although it has no Better Business Bureau rating, the Business Consumer Alliance gives it their highest rating of AAA.
Irrespective of the fact that their customer reviews are top notch, here is a short list of things that could be improved:
The number of available cryptocurrencies
With iTrust capital, the number of cryptocurrencies you have access to buy is limited to 12. Although they offer the most popular currencies such as Bitcoin, Ethereum and others, the crypto markets have a much greater selection. Therefore, if you are looking to make investments in a wider selection of digital coins than they offer then it becomes a problem.
You don’t get an interest bearing account
In some crypto accounts as well as crypto IRAs, you have the chance to earn interests on your assets. What this means for you is that you get to benefit from any increase in value and also interest payments. If this is an important factor for you then iTrust capital is not for you as they do not pay interest on crypto.
Other downsides include the lack of investment advice and variety of precious metals. You can watch this video to learn more about iTrust capital and their fees, offerings, and coins available, ways to fund the account, traditional IRA and Roth IRA and many more.
If you are looking for a chance to invest long term in gold and cryptocurrency iTrust capital is sure to ease and simplify the process. In order to diversify in their investments, customers use their platform to purchase and sell various digital coins.
iTrust capital has a lot of good reviews when it comes to making transactions easy and at an affordable rate for most people. As with any other investment venture, it is important to do adequate research about which company will be the best fit for your investments.
Your research should focus on their services, product offered, minimum fees and account, interest as well as control of keys and many more. Your path of research is highly dependent on the services you require and how they can benefit your investments.