What is iTrustCapital?

iTrustCapital is a platform that allows individuals to invest in cryptocurrencies and precious metals through self-directed IRAs. It allows users to buy, sell, and trade digital assets and metals within a tax-advantaged retirement account.

How secure is iTrustCapital?

iTrustCapital ensures the security of client assets by partnering with Fortress Trust. Fortress Trust securely custodies digital assets using advanced security technologies like BitGo and Fireblocks, which undergo regular external security and financial audits.

How do I withdraw money from iTrustCapital?

To withdraw money from iTrustCapital, you can initiate a withdrawal request by completing the form. Once the request is processed and approved, the funds will be transferred to your designated bank account. It is important to note that this may be a taxable event or subject to penalties.

Does iTrustCapital have any fees?

Yes, iTrustCapital does have fees. They charge a 1% trading fee for cryptocurrency transactions. Gold fees are $50 over the spot price per ounce, and silver fees are $2.50 over the spot price per ounce.

Can iTrustCapital be trusted?

iTrustCapital has gained trust in the industry and among its users. Its custodians are regulated, and the platform has received positive feedback for its customer support and user-friendly platform, making it a reputable option for cryptocurrency and precious metals investments in IRAs.

Is iTrustCapital a safe app?

iTrustCapital emphasizes security and utilizes trusted third-party custodians like Fortress Trust, BitGo, and Fireblocks to safeguard client assets. Additionally, the platform employs multi-party computation, offline cold storage, and commercial crime insurance to enhance the safety of digital assets.

What country is iTrustCapital in?

iTrustCapital is based in the United States, specifically in California. It primarily serves U.S. residents and is subject to U.S. regulations.

What is iTrustCapital used for?

iTrustCapital is primarily used to invest in cryptocurrencies and precious metals within individual retirement accounts (IRAs). It offers a platform for users to diversify their retirement portfolios by including digital assets and physical commodities like gold and silver.

Is iTrustCapital regulated?

Yes, iTrustCapital utilizes regulated third-party custodians, such as Fortress Trust, a regulated state-chartered trust company. These custodians are subject to regulatory oversight, ensuring that the custody of client assets complies with relevant regulations. However, iTrustCapital is merely a platform to interface and is not regulated as a custodian, exchange, or broker.

What is the minimum deposit on iTrustCapital?

The minimum initial deposit to open an iTrustCapital account is $1,000. Additionally, there are specific minimums for each additional cash contribution, which is set at $500.

Does iTrustCapital have a mobile app?

Yes, iTrustCapital offers a mobile app for Android and iOS platforms. The app allows users to manage their investments on the go and enhances accessibility and convenience for tracking and executing transactions.

Does iTrustCapital offer a demo account?

No. iTrustCapital does not offer a demo account, as it is not an exchange but merely a software platform.

Does iTrustCapital have a withdrawal fee?

iTrustCapital may not charge a specific withdrawal fee. Still, it’s essential to note that withdrawing funds from an IRA, which iTrustCapital primarily deals with, can incur tax events and early withdrawal penalties depending on the individual’s circumstances and the type of IRA account. Users should consult with a tax professional or financial advisor when planning withdrawals to understand the tax implications fully.

Can I transfer money from iTrustCapital to my bank account?

Yes, you can withdraw money from your iTrustCapital account. However, you need to complete a withdrawal form, and be aware that this may result in a taxable event.

Does iTrustCapital require KYC?

Yes, iTrustCapital requires users to complete Know Your Customer (KYC) procedures, including providing personal information and identity verification, as part of the account opening process. This helps ensure compliance with regulatory requirements.

Is iTrustCapital a legitimate site?

Yes. iTrustCapital is considered a legitimate and reputable platform for cryptocurrency and precious metals investments within IRAs. It has received positive feedback from users for its services and customer support.

Can you withdraw from iTrustCapital?

Yes, you can withdraw funds from iTrustCapital, subject to your individual retirement account (IRA) terms and conditions and applicable tax regulations. Depending on the circumstances, withdrawals from IRAs may be subject to taxes and penalties, so it’s essential to consult with a tax professional before making withdrawals.

Which countries cannot use iTrustCapital?

iTrustCapital primarily serves customers in the United States, so it is generally unavailable to residents of other countries. The platform is designed to comply with U.S. regulations and focuses on providing its services to U.S. residents.

Does iTrustCapital offer any special offers or bonuses?

iTrustCapital does not typically offer special bonuses or promotions, but it does have a referral program in which registered users can earn a $100 referral reward for each person they refer who becomes an iTrust customer. This referral program is one way users can benefit from using the platform.

Does iTrustCapital have good customer support?

Yes, iTrustCapital is known for its efficient and helpful customer support, as positive customer reviews indicate. Users have reported receiving assistance from knowledgeable and professional support agents who are responsive to their needs.