As cryptocurrencies like Bitcoin have gained more mainstream awareness and acceptance, many investors have been looking for ways to gain exposure through established retirement vehicles like IRAs. iTrustCapital meets this demand by allowing users to link cryptocurrency holdings to individual retirement accounts.
One major appeal of investing in digital assets via an IRA is the favorable tax treatment. Profits accrued inside retirement accounts are not taxed each year like they would be with normal investments. This allows gains to compound tax-deferred over the long-term investment horizon.
Through the iTrustCapital platform, investors aren't limited to just Bitcoin. Other major cryptocurrencies like Ethereum, Litecoin, and Bitcoin Cash can also be held inside IRAs. This diversification across the crypto market mitigates risk.
Setting up an account is straightforward - users simply need an existing or new IRA. From the login dashboard, deposits can be made to the self-directed IRA, which then purchases crypto holdings. Performance reporting helps with tax filings or retirement planning.
For those comfortable selecting their own portfolio, a self-directed approach keeps costs low. But iTrustCapital also offers professionally managed options for those who don't want to deal with trading or market fluctuations.
While cryptocurrency comes with risks, diversifying a portion of IRA funds through iTrustCapital can potentially boost long-term returns. Just be sure to balance speculative holdings with more stable investments appropriate for a retirement timeframe.
For many, itrustcapital provides the optimal solution to gain upside from digital currencies through established tax-sheltered vehicles.