What is the difference between having an iTrustCapital account vs. an exchange like Coinbase, Kraken, or Gemini? What is the difference between having an iTrustCapital account vs. an exchange like Coinbase, Kraken, or Gemini?

What is the difference between having an iTrustCapital account vs. an exchange like Coinbase, Kraken, or Gemini?

Daniel Bennett Daniel Bennett

When you are profitable in your non-qualified brokerage or individual self-trading account, and you realize that profit, you create taxable events. If you own fixed income, or dividend yielding assets, you are also subject to applicable taxes. If you own the same assets in an IRA, however, all taxable events are sheltered. If you have a Traditional IRA, you will owe ordinary income tax upon distribution. If you have a Roth IRA, all qualified distributions are tax-free.