BitGold is a new medium which makes gold accessible for digital payments and savings. Every day people can now have instant, liquid access to gold instead of having to go to their local coin shop, pay a 3-4% premium to the spot gold price, and then open up a safety deposit box and be unable to use their gold for anything other than collecting dust. Here are some of the key features that sets BitGold apart from other gold investment mediums:
- Every gram of gold in your account is your property: fully reserved, allocated, and redeemable under Bailment Law in Canada as per our Customer Agreement.
- Redeem gold value back to your bank account, credit card, Bitcoin, INTERAC, or SEPA at within 1% of official gold price.
- We made it easy for anyone to own physical gold. Redeem your gold as physical 10g GoldCubes ® or 1kg Bullion bars
- Cash via BitGold ATM, Bank Wire Transfer, All Major Credit and Debit Cards, China UnionPay, INTERAC, SEPA, and Bitcoin
- 100% insurance coverage on your gold value from Lloyds of London
- Free storage at private vaults secured by Brinks in Dubai, Hong Kong, London, Singapore, Toronto, and Zurich, among others
- The BitGold Platform uses military grade encryption (RSA 4096 and AES 256) to secure your account and personal information.
- Send or receive gold payments to any BitGold user at no extra cost
- BitGold debit card linked to the gold in your BitGold account
The only drawback that I can see thus far is that BitGold is not accepting accounts from US citizens…..yet. However, the good news is that all other nationalities are being welcome with open arms and BitGold is fully exchangeable into up to 100 international currencies. Check out one of BitGold’s latest videos featuring founders Josh Crumb and Roy Sebag: