Vaultoro has established themselves as the most trustworthy cryptocurrency exchange for trading Bitcoin and gold assets. The platform was developed solely with the purpose of facilitating transactions involving Bitcoin and precious metals such as gold. In this review of Vaultoro, we take a look at this cryptocurrency exchange and investigate how it directs its users toward the most lucrative opportunities.
The following information, which is derived from reviews of Vaultoro that can be trusted, assists in gaining an understanding of how Vaultoro differs in operation from other cryptocurrency exchanges. This review of Vaultoro also includes information on the trading fees, the methods of depositing and withdrawing funds, as well as the safety precautions taken by the platform.
Vaultoro is an online exchange that is based in the United Kingdom and enables its users to trade Bitcoin or DASH for physical gold and vice versa without the need to use a fiat currency or a bank account. Vaultoro’s users can trade Bitcoin or DASH for gold at any time.
We made the decision to sign up and explore the website in greater detail in order to evaluate its features and the products it sells, paying particular attention to its usability, navigation, information, price, dependability, and other aspects.
Vaultoro provides a revolutionary service that enables customers to instantly convert their Bitcoin holdings into physical gold. Check it out, and if you deposit and trade just €500 worth of gold using Vaultoro, you’ll get a free half gramme of gold to add to your collection!
Vaultoro.
Vaultoro is a digital currency exchange that operates online. It is a one-of-a-kind trading platform that was developed specifically to facilitate transactions involving crypto-assets and physical gold assets. Traders and investors are able to convert their Bitcoin and Dash assets into physical gold assets, which they can then buy and store.
Simply put, users of Vaultoro are able to convert their physical gold holdings into Bitcoin. These deals are currently being offered at the most advantageous prices imaginable. The Vaultoro platform offers cryptocurrency traders the opportunity to engage in gold trading thanks to this innovative concept. It combines the buying and selling of cryptocurrencies with the trading of precious metals.
By investing in cryptocurrencies like Bitcoin and Dash, everyday people can quickly and easily gain access to previously inaccessible gold reserves. The platform is guarded by a prestigious gold exchange located in Switzerland. Vaultoro is widely regarded as one of the leading cryptocurrency exchanges in Europe. It is headquartered in London. Additionally, the platform guarantees that the holders will always have access to the physical delivery of their gold, regardless of the time or location.
Users of Vaultoro are provided with immediate access to the gold market. This is a one-of-a-kind online exchange that specialises in trading Bitcoin and Dash as well as gold bullion. When compared to other cryptocurrency exchanges, Vaultoro stands out due to the unique asset combination that it offers.
Users of Vaultoro also have the option to save their wealth without fractional reserves, which eliminates the risk of financial institutions speculating with their savings.
Vaultoro is an online cryptocurrency and gold bullion storage and trading platform that was established in 2015. Since its inception, the company has experienced rapid expansion, and it now serves more than 20,000 customers in 95 countries.
Website & navigation.
The website itself is up to date, straightforward, and simple to navigate. For first-time users, there is a straightforward sign-up button. The process of signing up took all of a few moments at most. Extremely straightforward and simple to employ.
You can find information on the history of the company, the fees that are involved, the security of your gold and bitcoin, as well as a blog where Vaultoro posts regular articles about the cryptocurrency and gold markets.
The website is extremely user friendly and simple to navigate, despite the fact that it contains a considerable amount of information.
Buying gold with bitcoin.
After you have signed up for an account with Vaultoro, you will have the ability to make a deposit in Bitcoin or DASH and then use the web-based trading platform to make a speedy and simple purchase of physical gold bullion. There is no requirement for a bank account or any form of fiat currency.
This gold has been allocated in its entirety. This means that all of the gold that you buy is legally considered to be your property and is registered in your name. You would get a certificate proving that you are the owner of that gold after the transaction is complete. Vaultoro does not record the gold bullion on their books, so to speak.
The gold is of a quality suitable for investments and is in the form of good delivery gold bullion bars that have been approved by the London Bullion Market Association. The bulk of the gold bullion is stored safely at a private top-tier Brinks vaulting facility in Zurich, Switzerland, which is owned and operated by Vaultoro.
Vaultoro is unable to take possession of the gold bullion or use it as collateral for other businesses because all of it has already been allocated.
If something were to happen to Vaultoro, liquidators would not be able to touch your gold, giving you the peace of mind that your gold bullion is safe. Knowing this is beneficial, as it gives you peace of mind that your gold bullion is safe. Auditing firm BDO performs inspections on all of the company’s gold holdings.
The World’s first Bitcoin/Gold exchange.
If you have bitcoin or crypto gains that you would like to convert to gold, you need to get familiar with Vaultoro! Gold is the world’s oldest and best known reserve asset, and its allure is difficult to resist for many people. If you would like to convert bitcoin or crypto gains to gold, you need to become familiar with Vaultoro!
The first version of Vaultoro was released in February of 2015, which is an eternity ago in the world of cryptocurrencies. Vaultoro is a very transparent trading platform, and it was the first cryptocurrency and gold exchange in the world to offer a transparency protocol as well as 100% allocated, investment grade LBMA (London Bullion Market Association) gold bullion. LBMA stands for the London Bullion Market Association.
Vaultoro has just recently, in 2019, added Dash (DASH) as a new cryptocurrency option for trading against gold bullion. You can access Vaultoro’s user-friendly web-based trading platform through the company’s website. The platform is web-based and simple to use.
The interface of the trading platform is straightforward, and it is straightforward and easy to use. Among the many features offered is the ability to process orders, view trading history, monitor volume and price charts, make deposits and withdrawals, and more. Trading with leverage is not available through Vaultoro. (The utilization of a smaller amount of capital in order to gain exposure to larger trading positions is an example of leverage.)
The smallest quantity of gold that can be bought or sold is 0.001 gramme. Despite this, there are no limits placed on the amount of gold that can be bought or sold by either buyer or seller.
Deposit with Bitcoin or DASH.
One of the distinctive advantages of Vaultoro is that it does not permit users to fund their accounts with deposits of traditional currencies such as dollars or euros. You are only allowed to deposit using Bitcoin or Dash.
This indicates that it is possible to effectively completely bypass the fiat currency as well as the banking system, which is a huge selling point for a lot of people who are fans of crypto and gold.
Bitcoin is a currency that is utilized globally. Anyone who possesses a mobile device and access to the internet is essentially able to download a bitcoin wallet or sign up for an exchange and begin buying and using bitcoin in whatever manner they see fit.
You would need to use an exchange such as ‘Coinbase’ to essentially exchange fiat currency for cryptocurrency before you could buy your first Bitcoin or DASH. Coinbase is one example of such an exchange. After that, all you need to do to move the Bitcoin or DASH to your customer wallet is use the public keys that are provided to you by Vaultoro.
Bitcoin security.
Once your bitcoin has been deposited, Vaultoro claims that it will be placed in one of their “hot wallets,” which are secure online wallets that require multiple signatures. After that, the majority are transferred to “cold wallets,” which are unhackable offline multi-signature wallets, every evening.
Offline wallets, also known as cold storage, are protected from both external and internal threats because they are stored in multiple locations. A predetermined amount of money will always be kept in a hot wallet (connected to the internet).
Fees.
The ‘maker / taker model’ serves as the foundation for the Vaultoro trading fees schedule. A transaction rebate is offered to market makers who are providing liquidity (the makers), and a transaction fee is levied against customers who remove liquidity from the market. This is the fundamental structure of the system (the takers).
One of the most effective strategies for making money in cryptocurrency is called market making, and it can be done on various exchanges. Because we do not charge a fee to market make on Vaultoro, we are one of the best places to market make because WE PAY YOU THE FEE!
You are adding liquidity to the Vaultoro crypto order book when you make trades in the order book. This ought to result in a reward.
If you take from the market on Vaultoro, you will be required to pay a very minimal fee, a portion of which will be distributed to the users who have placed orders in the order book (market makers).
Vault storage fees.
Vaultoro charges a fee of 0.04% per month of the total gold volume for gold vault storage but does not charge a fee for storing cryptocurrencies. Insurance, auditing, and vaulting are all included in the cost of using Vaultoro’s storage services.
Crypto deposit / withdrawal fees.
Vaultoro is free to deposit your crypto.
Withdrawal fees.
Withdrawal fee is 0.0005 BTC to withdraw BTC and 0.001 DASH to withdraw DASH.
Physical delivery of your gold.
Trade between investment-grade bullion and various cryptocurrencies, and vice versa. Gold is a way to preserve the gains made from crypto without having to deal with banks or fiat currency. Crypto can bring about large gains. You will have simple access to gold bullion that is professionally vaulted and fully insured thanks to Vaultoro.
It is important to keep in mind that the primary purpose for which Vaultoro was created was to provide customers with an easy and effective means of buying, trading, and selling allocated gold bullion via a vaulting facility.
Your name is engraved on the label, and the gold that you store in the vault is covered by insurance in case it is stolen or damaged. In the grand scheme of things, this will spare you the potential hassle that is associated with storing and shipping gold bullion.
Keeping this in mind, Vaultoro recommends that when the time comes to sell vaulted gold, you do so on the Vaultoro market and withdraw the funds as Bitcoin. This is because the market offers the best price. You can still buy physical gold that you can hold in your hands from a local bullion retailer if that is something that you are interested in doing.
Keep in mind that you still have ownership of your gold, so you can retrieve it if that is something you would like to do. Nevertheless, the Brink’s Zurich Airport Depot facilities are the only places where a physical collection can take place. There is a one kilogram (kg) minimum order requirement. Because there are no other sizes of gold bars available, the quantity purchased must always be in kilogram increments.
Converting back to fiat currency.
It is true that gold and bitcoin are both examples of liquid assets because they can both be bought and sold on an open market and converted into fiat currency in an uncomplicated manner whenever you choose to do so.
Is Vaultoro safe to use?
Vaultoro is a reputable and well-established online exchange that has invested a significant amount of time and energy into ensuring that its customers have access to the safest possible systems for storing gold and cryptocurrencies.
It employs the most cutting-edge technology and security systems available to ensure the site’s safety and protection at all times. Vaultoro is a limited liability company that has its headquarters in Cardiff, Wales, in the United Kingdom. As a result, it is reasonable to conclude that it is not a con.
Are there any potential downsides to using Vaultoro?
At this time, Vaultoro does not provide customers with the ability to buy or sell silver bullion. This is something that we feel would be an excellent addition to the website.
Because deposits can only be made using cryptocurrencies, this is probably not the best exchange for you if you are only interested in buying or trading gold using fiat currency because deposits can only be made using cryptocurrencies.
Although the vaulting facility that Vaultoro utilizes is of the highest caliber and is used by professional vaults, it is currently the only one of its kind in Switzerland. It’s possible that in the long run, Vaultoro will benefit from expanding into other vaulting facilities located in different parts of the world.
Conclusion:
Vaultoro is one of the most user-friendly and dependable online crypto/gold exchanges available at this moment in time. It offers a straightforward interface, which makes it simple for customers to buy and sell gold using cryptocurrencies like Bitcoin and DASH.
Vaultoro provides a one-of-a-kind service and has a very solid and well-established system in place for buying, selling, and trading precious metals and cryptocurrencies like bitcoin and dash.
Investing in physically stored gold through Vaultoro might be the best choice for you if you want to turn your bitcoin savings into a more tangible asset, such as precious metals. Vaultoro is a platform that facilitates such transactions.
Using Vaultoro to purchase gold with Bitcoin or DASH can help to diversify overall investments while also warding off any potential worries about the banking system or fiat currency.