When it comes to finding a viable, tested, and proven way to secure the future, investment comes to mind. Saving and preparing for the future ensures that you are not taken off balance peradventure there is any form of crises.
However, there are countless investment platforms available for you to choose from. These platforms have different investment plans, duration, terms and conditions, as well as, incentives. Whether you decide to invest online through the internet or not, you must understand what the investment scheme entails.
iTrust Capital is one of those numerous investment platforms. It is a crypto Individual `Retirement Account (IRA) used for saving for post-retirement. It does not only deal in cryptocurrency of any kind but also precious metals like gold, silver, and diamond. Like other online platforms, you may want to ask is iTrustCapital legit? before getting started with it.
Please continue reading as we do a quick review on what you need to know about iTrust capital.
What is iTrust Capital?
As stated earlier, iTrust capital is an online crypto IRA investment service provider. It doubles as an IRA and a self-directed trading platform. This implies that you can save for the future and as well trade what you have saved to get profit.
Additionally, it is a flexible platform that is not limited to one type of currency exchange. Currencies like Bitcoin, Dogecoin, Ethereum, silver, diamond, and gold are major trading commodities. It is interesting to note that this platform does not encourage high tax rates. Therefore, it is a deferred/ tax-free one.
How Does It Work?
First of all, you need an understanding of how iTrust capital works and also how IRAs work. Individual Retirement Account (IRA) is a financial term used to describe a retirement account. It has three types which are traditional, Roth, Roth rollover IRA accounts. You can decide to choose any of these accounts for yourself.
The difference between these IRAs is the tax rate. In the Traditional IRA, the tax on the funds (savings) has not been paid before deposit and withdrawal. So, tax on a traditional IRA is paid at withdrawal. Sometimes, it is usually at a lower rate or at a deferred tax rate. In the Roth IRA, the tax on the funds (savings) has already been paid, so there is no payment of tax during withdrawal. In rollover IRA, as the name implies, funds from one IRA is transferred to another traditional IRA account. If you need more information about IRAs, you can visit: https://www.fidelity.com/
After setting up and funding an IRA, the iTrust capital platform can then be used for trading. On the platform’s display, the value and prices of the available digital assets are visible in a well arranged list. From this list, you can make your choice depending on the task you want to perform. You can do this by clicking the “sell” or “buy” button.
It works like other crypto trading platforms, but it is one step ahead. Non-traditional crypto in the form of precious jewels can also be exchanged. However, this is done through a precious stone dealer known as KItco.
Features of iTrust Capital
The following are some of the features of this website:
Low Tax Rate
It is classified as a low tax rate platform. This implies that the tax rate, when compared to other online crypto IRAs, is relatively reduced or deferred.
Any online outfit without easy accessibility will lack a good number of users. This platform can be easily accessible in terms of its display interface which is user-friendly and great customer service. They offer prompt responses to emails, live chat, and complaints raised on their website without delay.
Fast Track Trading
Other crypto trading platforms like Binance andLuno require joining a queue, making a request, and passing through a teller. This process requires a lot of time and patience. However, within five minutes, a trading process can be completed on iTrust capital. Therefore, it is super-fast and reliable.
Fees paid for each transaction whether on crypto or precious stones are usually cheaper. Its fee structure is simple and affordable. For instance, on every crypto trade, it charges 1% and $2.50-$50 for precious stones, depending on the type.
How to Start
After knowing how it works and its features, getting started is not a serious challenge. The following are the steps involved:
- Open the ITrust website, register, and sign up for an account. To do this, ensure that you fill in the correct information required. This includes name, contact address, phone number, email address, and password.
- After this, a confirmation mail will be sent to your e-mail, check for it and click on it.
- Click on the link to enter other information about yourself.
- Select the type of IRA account you want. This could be rollover, roth, or traditional IRA and the method of funding (cash, transfer, or rollover).
- Choose a beneficiary. This could be yourself or your next of kin.
- Link a credit card or a debit card to the account
- Submit your application, relax and wait while it is processed.
- Once processing is complete, you will receive another email confirming that your application has been received and processed.
With these processes, you are good to go. If you do not know how to fund your account, you can read this this article for more assistance.
From the above review, we have seen that this is one platform that encourages a stable and worthwhile investment. However, when using it, ensure that your account is duly secured from hackers and fraudsters. If you are looking for ways to enjoy your retirement benefits, try iTrust capital.