ITrustCapital charges a 1% fee on trades. There is an initial one-time account set-up fee of $299. This fee covers our comprehensive services, which include full support services for rollover of retirement funds, complete set up of a Sunwest Trust IRA. In addition, there is an account maintenance cost of $20 per month that includes up to $10,000 of cryptocurrency storage. Thereafter, $5 per month for every additional $10,000 of cryptocurrency storage. iTrust Fee Page
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC).
You can rollover funds from an existing IRA, Roth IRA, SEP IRA, SIMPLE IRA, 403b, or 401k into an iTrustCapital IRA.
There is a $5,000 minimum and no maximum on account amount.
Not likely. Currently, there are no 401k plans that offer cryptocurrency as an investment option. Within an IRA there are only a few available companies offering cryptocurrency as an investment option with iTrustCapital being the most affordable and easiest option on the market.
Not if the cryptocurrency is held out of an IRA. The IRS requires non-qualified funds to be put in an IRA to be USD. If you have cryptocurrency in a qualified IRA currently than yes. This is known as an in-kind transfer and we are happy to assist you in this process.
No. When transferring or rolling over funds from an existing account into an iTrustCapital IRA there are no penalties or taxable events. .
iTrustCapital was founded by industry leaders in both the cryptocurrency and precious metals IRA space. Our goal is to provide the most transparent, lowest cost, most straightforward platform for clients to trade crypto and physical gold 24 hours a day. Many of our competitors charge transactions fees of up to 15% on crypto, and 30% spreads on gold. iTrust only charges a 1% transaction fee.
Once you have an iTrustCapital account, you can create a new IRA through the onboarding wizard within minutes. Your new IRA with Sunwest Trust will be established within 1-2 business days. From there, you can wire funds to contribute to your new account and be trading in a matter of hours. If you are transferring or rolling over funds from a previous retirement account, we are at the mercy of that institution’s policies. The average time to transfer funds from an IRA is 3-5 business days. The average time to rollover funds from a company plan is 1-3 weeks.
We do not offer stocks on the iTrustCapital platform. Our mission is to offer the most innovative alternative digital assets to our clients.
No. We at iTrustCapital understand the concerns some may have with not directly holding their assets and want to give as much control to our clients as possible. The main issue when dealing with an IRA is custody of assets, which we take very seriously. Our client's accounts are held at Sunwest Trust which has been in business for decades and has over 11,000 clients. The actual crypto assets are held with Industry leader Ledger Vault which is the institutional enterprise arm of Ledger. This model keeps our client's accounts in compliance with IRA guidelines and offers the highest level of security.
Currently, there is no Bitcoin ETF. If eventually, one exists you will likely be able to put that product into your IRA but like all ETF's you wouldn't own the actual Bitcoin but have shares in a fund that are tied to Bitcoin. Also, you can invest in more cryptocurrencies than just Bitcoin on the iTrustCapital platform.
No, there are no investment caps. Customers can invest as much as they’d like without restrictions. There is no limit on amounts if rolling or transferring funds from a different account like a 401k, IRA, 403b, TSP, etc. This is a lateral move and creates NO taxable event. If opening a new or adding a contribution to an IRA, the limits set by the IRS for 2019 is $6,000 if under 50 years old and $7,000 if over 50 years. If you are self-employed, you can contribute up to $56,000.
Clients who open a Traditional IRA, which defers taxes until distributions are taken, or Roth IRA, which eliminates taxes on gains made in the account as long as no distribution is taken until the age of 59 ½.
No. iTrustCapital representatives are not financial advisors. However, representatives are available to assist in setting up accounts and answer questions about our platform.
Distribution is allowed at the age of 59 ½ without penalty. You can choose at that time to take a distribution ‘in-kind’, which means take delivery of your investment, or liquidate your investment and take a cash distribution. Depending on what type of account you have this could be a taxable event. If you take a distribution before the age of 59 ½ you could be assessed a 10% penalty.