Over the centuries, gold has continued to be the rarest and yet the most valuable natural resource. BitGold provides a platform where anyone can acquire, store and use gold for global payments and day-to-day transactions.
How to invest in Gold with BitGold: the Ultimate Guide
Gold ownership allows one to continuously exchange this commodity without it losing its value in the way traditional currency and other commodities do. This article will show you how BitGold works, how to apply for a BitGold account and the advantages of BitGold.
What is BitGold?
BitGold is simply a software platform that enables digital payment using gold. Real GOLD. Essentially, the platform lets anyone to safely purchase gold, store it and spend it any time.
Think about it this way: Say you had some gold and you wanted to buy coffee using this piece of precious metal. It is likely that no coffee shop will accept this mode of payment—they all take cash yet you want to spend your gold.
This is where BitGold comes in…
Users are provided with safe vaults to buy and hold gold, to make and receive gold payments instantly, to spend gold using a prepaid card at places such as a coffee shop, or to convert gold into currency that can be withdrawn at an ATM.
How you can use your gold
Given that users have full ownership of their gold, they can redeem their gold bullion as 1kg bullion gold bars or 10g GoldCubes. The gold cubes are worth about $380. Being able to redeem your gold in physical form is important as it offers flexibility in investment.
Users can make gold payments and receive payments from other users on the BitGold platform for free. If you want to send payments to someone who does not use BitGold, you can do so via mobile phone or email.
Through BitGold, you are no longer limited by ownership of physical gold when you want to make purchases from actual shops. With the BitGold prepaid debit card, you can spend your gold to buy coffee, shoes, groceries etc. These cards are accepted globally, allowing you to spend your gold in more places. The cards can also be used to withdraw local currency from ATM machines.
How safe is it?
The gold owned by users is stored for free at private vaults that are 100% insured by the Brinks Company, a security and protection company. There are secure storage vaults in Hong Kong, Dubai, London, Toronto, Singapore, and Zurich among other top world destinations.
Users can acquire gold via the BitGold platform and fund their account via wire transfer, China UnionPay, major credit and debit cards and through INTERAC.
How To Open a Bitgold Account
You can open a free BitGold account in six simple steps:
Step 1: Start signup
Head over to the official BitGold website at www.bitgold.com. Click on the ‘Create Account’ tab at the top right corner of the website.
Step 2: Select account type
Select the type of account you want to apply for (Personal or Business). Business accounts are still in beta. When you select the personal account, click on ‘Create Account’ to bring up the registration form.
Step 3: Fill out the registration form
You will be required to provide your name, date of birth, preferred currency, email address, and preferred password. Agree with BitGold’s terms of services to proceed to the next page
Step 4: Enter your mobile phone number
To verify your identity, BitGold requires you to provide your mobile phone number, which will be verified via SMS text. Enter the verification code to proceed to the next page.
Step 5: Fill in your address
Provide details such as your street address, country, state, zip and postal code and click next to head over to the next stage.
Step 6: Verify email
Before you can get started on the platform, you need to verify your email through the link sent to your inbox. Once you unlock your account, you will receive up to 5% bonus on your first deposit.
Advantages of BitGold
• Offers an easy and secure way to own physical gold
• Convenient payment methods
• Easy to use, no frills platform
• Free gold storage
• Free to send and receive gold payments
• Flexibility to redeem physical gold
• 100% insurance against loss
• Prepaid debit card for convenient point of sale payment
BitGold offers a truly game changing opportunity for anyone to acquire, store and make payments with a commodity as valuable as gold. If you are looking to invest in gold and to leverage the advantages of gold as a currency, you should sign up with BitGold..