By Meg Flippin Benzinga
DETROIT, MICHIGAN – July 18, 2025 (NEWMEDIAWIRE) – iTrustCapital makes buying and holding cryptocurrency more secure with its closed-loop approach.
Shopping for and promoting cryptocurrency doesn’t have to be a dangerous endeavor. By now, most individuals have heard tales of cryptocurrency exchanges which have been hacked, leaving their clients penniless, or crypto traders who misplaced their non-public key and may by no means entry their crypto pockets or their digital tokens once more. And let’s not overlook the phishing and malware scams which have worn out account after account or introduced down high-profile exchanges. Even centralized exchanges pose dangers to their clients. One solely has to have a look at Bybit for a reminder. The cryptocurrency platform skilled a safety breach in February, which resulted within the theft of about $1.5 billion price of Ethereum, the most important cryptocurrency theft ever recorded.
Crypto exchanges have lengthy been susceptible to information breaches and hacks for a number of causes. For starters, they’re nameless networks, with out a center particular person regulating transactions. Plus, many platforms to purchase and promote crypto don’t have sufficient safety practices in place. Add the truth that there are high-value belongings saved on these platforms, and you’ll be able to see why hackers are busy attempting to exploit them and their purchasers.
However it doesn’t have to be that means. There are safer and safer methods to purchase, promote and maintain cryptocurrencies, from Bitcoin and XRP to Solana and Ethereum. iTrustCapital’s Premium Custody Account (PCA) is one in every of them. Launched in March 2025, these “closed-loop” crypto accounts are designed to deal with the safety issues which have plagued the cryptocurrency sector for years.
A Closed-Loop Method
iTrustCapital has created what it says is a safe means to purchase, promote and maintain crypto by means of a closed-loop system. Shoppers can fund their PCA account with U.S. {dollars} and with in-kind deposits of crypto belongings. Nonetheless, here is the place the magic occurs. It’s inconceivable for crypto to be transferred out of a Premium Custody Account. Shoppers can solely withdraw funds in U.S. {dollars}, and the funds can solely be transferred to their U.S. checking account. By design, there is no such thing as a connection to an exterior pockets, so a shopper’s account can’t be drained by nefarious unhealthy actors who could achieve entry. Digital belongings are saved one-to-one and off of iTrustCapital’s stability sheet with top-tier U.S.-based custodians, together with Coinbase Institutional Custody and Fireblocks, lowering the chance of the holdings being worn out. Property are by no means leveraged, loaned out or commingled with enterprise operations. This ensures that purchasers retain full possession of their belongings always.
iTrustCapital believes that by making a closed-loop system, it’s offering a safe and efficient resolution. “Because the crypto area evolves, so do the dangers,” mentioned Kevin Maloney, CEO at iTrustCapital when announcing the Premium Custody Accounts. “Whether or not it is the potential dangers of exchanges or issues in regards to the security of self-custody, we needed to create an answer that helps cut back threat and alleviates these legitimate issues for our purchasers.”
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Crypto withdrawals aren’t allowed, which iTrustCapital says reduces the chance of an account getting hacked and digital belongings being despatched to an exterior crypto pockets. By means of Premium Custody Accounts, traders have 24/7 entry to greater than 75 crypto belongings. PCA accounts are taxable and are separate from the corporate’s IRAs. You solely want $1,000 to open an account and there aren’t any month-to-month or annual charges. iTrustCapital costs a 1% transaction charge whenever you purchase and promote cryptocurrency.
Actual Individuals When You Want Assist
Equally vital is the award-winning help iTrustCapital affords. As an alternative of counting on chatbots, social media, Discord or automated responses, iTrustCapital purchasers obtain U.S.-based reside help for account setup, funding and basic inquiries. iTrustCapital says it connects purchasers straight with educated help specialists to help with their wants. Past reside help, the corporate has a plethora of knowledge and tutorials on its web site for each stage of your journey, whether or not you might be simply beginning out or a long-term buyer. With iTrustCapital, you might be by no means alone. That’s significantly vital when it comes to investing on the planet of cryptocurrency.
From Bitcoin and XRP to Solana and Ethereum, cryptocurrency goes mainstream with all kinds of traders thinking about including publicity to their portfolio. However safety is an enormous concern with numerous exchanges and people falling sufferer to information breaches, scams, hacks and phishing assaults. iTrustCapital desires to change that and is betting its closed-loop method is the reply. To learn more about iTrustCapital and its Premium Custody Account, click here.
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