iTrustCapital Introduces Premium Custody Account for Secure Cryptocurrency Transactions
TL;DR
iTrustCapital's Premium Custody Account offers a secure edge in cryptocurrency investment by eliminating external wallet vulnerabilities and ensuring asset safety with top-tier custodians.
iTrustCapital's closed-loop system allows only USD withdrawals to a linked bank account, storing assets off-balance sheet with custodians like Coinbase and Fireblocks for enhanced security.
iTrustCapital enhances global cryptocurrency security, reducing risks of hacks and scams, making digital asset investment safer and more accessible for everyone.
Discover iTrustCapital's innovative approach to crypto security, where assets are safeguarded in a closed-loop system, offering peace of mind in the volatile crypto market.
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In an era where cryptocurrency exchanges are frequently targeted by hackers, iTrustCapital has launched the Premium Custody Account (PCA), a closed-loop system designed to enhance the security of cryptocurrency transactions. This innovative approach allows clients to fund their accounts with U.S. dollars or in-kind deposits of crypto assets, with the unique feature that cryptocurrencies cannot be transferred out of the account. Withdrawals are only permitted in U.S. dollars and must be transferred to the client's U.S. bank account, effectively eliminating the risk of digital assets being siphoned off to external wallets.
The PCA, introduced in March 2025, stores digital assets one-to-one with top-tier U.S.-based custodians such as Coinbase Institutional Custody and Fireblocks, ensuring that assets are not leveraged, loaned out, or commingled with business operations. This setup guarantees that clients retain full ownership of their assets at all times. Kevin Maloney, CEO at iTrustCapital, emphasized the importance of this development, stating, "As the crypto space evolves, so do the risks. We wanted to create a solution that helps reduce risk and alleviates these valid concerns for our clients."
Investors using PCA accounts have 24/7 access to over 75 crypto assets, with the requirement of a minimum $1,000 to open an account. iTrustCapital charges a 1% transaction fee for buying and selling cryptocurrencies, with no monthly or annual fees. Additionally, the company provides award-winning, U.S.-based live support, distinguishing itself from platforms that rely on automated responses or chatbots.
The introduction of the Premium Custody Account by iTrustCapital represents a significant step forward in addressing the security challenges that have long plagued the cryptocurrency industry. By offering a safer and more secure way to engage with digital assets, iTrustCapital is setting a new standard for cryptocurrency transactions, potentially influencing the broader adoption of cryptocurrencies by mainstream investors.
Curated from NewMediaWire
