Let’s face it – in many cases, finding the optimal investment solutions for your requirements can seem like a challenge. However, this shouldn’t have to be the case, and fortunately, numerous excellent investment platforms could help you achieve this goal. With this thought in mind, today, we’re looking at iTrustCapital, one of the leading providers of professional IRA solutions, to help you decide whether or not they might be the right choice of people to help with your own lending needs. Why leave this to chance? Let’s find the most effective lending solutions for your needs with help from our guide today.
What is iTrustCapital?
Before we go any further, we first need to define what iTrustCapital is. The iTrustCapital platform is a specialist IRA (individual retirement account) platform that allows its users to invest funds for their pension, thereby offering a tax break. The company has been featured on numerous platforms, including Forbes, Bloomberg, CoinDesk, and CoinTelegraph.
Importantly, IRA platforms are often considered valuable opportunities to help with retirement savings since you’ll enjoy a significant tax advantage, which can make those dreaded bills a little less painful overall.
We should point out here, however, that the iTrustCapital platform does something a little different than most IRA investment platforms. Instead of investing in fiat currencies and investments, the iTrustCapital platform focuses on cryptocurrency investments. This could prove a significant benefit to your investments, or it could be a riskier solution depending on how much the cryptocurrency markets fluctuate. We always have to consider that the prices for cryptocurrencies tend to be much more volatile than fiat currency overall.
What Services Does iTrustCapital Provide?
Primarily, iTrustCapital provides an IRA investment service that’s based on cryptocurrency investments. Many people consider IRA accounts to be among the most popular pension saving strategies due to its ability to provide a significant tax advantage. It’s important to clarify here that the iTrustCapital platform does not use its investors’ assets for profits or personal speculation.
However, in order to help spread the risk of cryptocurrency investments, which are traditionally very volatile in value, iTrustCapital also offers a precious metals investment IRA for gold and silver, which tend to be much more stable overall.
How Does iTrustCapital Compare to Other Investment Platforms?
Overall, the main distinguishing feature of iTrustCapital compared to most IRA investment platforms is that it focuses on cryptocurrency investments rather than traditional investment opportunities. As such, before investing with iTrustCapital, you should always consider whether your current knowledge of cryptocurrency will make this a feasible investment.
Unfortunately, since cryptocurrencies are not classified as legal tender, the iTrustCapital platform – unlike fiat IRAs – does not benefit from any Federal Deposit Insurance Corporation (FDIC) insurance. However, iTrustCapital does have a third-party security in place to insure investors’ finances.
Pros and Cons of iTrustCapital
At this point, we’ve outlined some of the main things you need to know about the iTrustCapital platform. However, before you begin investing with iTrustCapital, you should first consider whether or not this would be a safe and valuable option for your needs. Of course, as with any investment, it’s also worth considering that there’s no guarantee you’ll necessarily see a profit from the investment.
Numerous excellent features of the iTrustCapital platform can make it a valuable platform to consider for your retirement savings. Some of the main benefits of iTrustCapital include:
- Potential for fast growth. Cryptocurrencies are, by their nature, very volatile trading assets. As such, the value of cryptocurrencies can plummet significantly at one moment and then recover to its previous price the next time you check. With this thought in mind, there’s the potential for cryptocurrency investments to grow very quickly in some cases.
- Multiple investment options. The iTrustCapital platform offers precious metals alongside cryptocurrency investment options, allowing concerned investors to hedge their bets. This can help provide a better risk-adjusted return.
- Self-directed investments. Unlike some IRA platforms, iTrustCapital gives full control to the investor regarding their investment rights. With this thought in mind, you’ll retain greater control over your earnings through the iTrustCapital investments platform.
- Excellent solution for first-time investors. It’s not uncommon for IRAs to feel like an overly complex product. However, wrapping your head around IRAs shouldn’t be hard, and iTrustCapital is fortunately excellent in this regard. Getting started with iTrustCapital is surprisingly simple, making it a potential option to consider if you’re new to IRAs but already have a strong understanding of cryptocurrency investments.
- No maintenance fees. Unlike many other IRA platforms out there, there are no maintenance fees associated with your iTrustCapital IRA account. As such, all of the interest earned on your savings will be yours to keep! The account minimums and fees are also very reasonable compared to many other IRA platforms, which is well worth considering.
- Great customer service. The iTrustCapital platform is often highly praised for its excellent customer service, which helps ensure that any queries are addressed quickly and easily.
While the iTrustCapital platform is often considered one of the most effective retirement-saving platforms on the market, it’s worth keeping in mind that it’s not perfect. Some of the main drawbacks of iTrustCapital that you should keep in mind include:
- Lack of FDIC coverage. Since iTrustCapital handles cryptocurrency investments primarily as opposed to fiat currency investments, it, unfortunately, does not offer insurance or protections for its investors under the FDIC umbrella. However, crypto custody solutions are in place to mitigate the level of risk for investors’ assets.
- Limited cryptocurrencies are available. When we consider the sheer number of cryptocurrencies on the market, the number offered through iTrustCapital is relatively lacking – making the platform potentially less appealing for some investors who want to broaden their crypto horizon.
iTrustCapital has an impressive 4.4/5 stars review on trustpilot, 4.6/5 stars on Google reviews. However, it does have a 2/5 stars on BBB, this is due to there only being one review of iTrustCapital on BBB as opposed to the hundreds on other platforms.
- BitIRA: BitIRA is a platform that specializes in providing cryptocurrency investment solutions for retirement accounts. They offer self-directed IRA accounts for investing in a variety of cryptocurrencies, including Bitcoin, Ethereum, and more. BitIRA provides secure storage options for digital assets and allows users to manage their retirement investments online.
- BitcoinIRA: BitcoinIRA is another platform that enables individuals to invest in cryptocurrencies using their retirement funds. They offer self-directed IRA accounts and allow users to diversify their portfolios with Bitcoin, Ethereum, Ripple, and other digital assets. BitcoinIRA provides a user-friendly interface and secure storage solutions for crypto investments.
- CoinIRA: CoinIRA is a platform that focuses on offering cryptocurrency investment options for retirement accounts. They provide self-directed IRA accounts for investing in a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. CoinIRA offers secure storage options and educational resources to assist investors in managing their digital assets.
- AltoIRA: AltoIRA is a platform that allows individuals to invest in alternative assets, including cryptocurrencies, through their retirement accounts. They offer self-directed IRA and Roth IRA accounts, providing the flexibility to invest in a variety of alternative assets beyond traditional stocks and bonds. AltoIRA partners with reputable custodians and provides a user-friendly interface for managing investments.
- Rocket Dollar: Rocket Dollar offers self-directed retirement accounts that allow individuals to invest in alternative assets, including cryptocurrencies. They provide a platform to invest in a range of assets, including digital currencies, real estate, startups, and more. Rocket Dollar offers user-friendly account management tools and partnerships with trusted custodians.
Investing for your retirement is highly important, in many cases – but it’s easy to forget about it until it’s too late. As such, if you’ve been looking for a new investment opportunity and are already well-versed in the crypto world, we’d recommend that you consider today’s guide in determining whether or not iTrustCapital might be right for you and your IRA needs.