Vaultoro review. Buy gold with bitcoin

Vaultoro Review.

After a recent article we posted ‘Buy gold, bitcoin or both?’, our research led us to a great crypto/gold exchange called Vaultoro.

Vaultoro is an online exchange based in the UK that allows it’s users to trade Bitcoin or DASH for physical gold and vice versa, without the need to use a fiat currency or a bank account.

We decided to sign up and go a little bit more in-depth into the site to review the features and products the site offers, focusing on usability, navigation, information, price, reliability, history and more. 

Vaultoro offer a revolutionary service that allows you to convert your BTC to GOLD instantly. Check it out and get a free 1/2 gram of gold when you deposit and trade just €500 worth of gold using Vaultoro!

Claim half a gram of GOLD when you trade €100 worth of BTC. Visit Vaultoro

Vaultoro.

Vaultoro offers users instant access to the gold market. 

This is a truly unique online exchange, specifically trading BTC/DASH and gold bullion. This type of specific asset combination makes Vaultoro stand out from other crypto exchanges. 

Vaultoro also gives users the option to save your wealth without fractional reserves and without banks speculating with your savings.

Launched in 2015, Vaultoro has grown rapidly, boasting over 20,000+ customers over 95 countries providing a simple, transparent and convenient crypto/gold bullion service online. 

Website & navigation. 

The site itself is modern, clear and easy to navigate. There is a simple sign up button for new users. We literary signed up in a matter of seconds. Very simple and easy to use. 

There is information on the history of the company, fees involved, security of your gold and bitcoin, as well as a blog whereby Vaultoro post regular articles about the crypto and gold markets. 

Although the site has quite a bit of information, the site is extremely user friendly and easy to navigate. 

Buying gold with bitcoin. 

Once you have opened an account with Vaultoro, you can essentially deposit Bitcoin or DASH and buy physical gold bullion quickly and easily using the web-based trading platform. No bank account or fiat currency is needed. 

The gold is 100% allocated gold. This means all the gold you purchase is in your name as your legal property. You would receive a certificate confirming that you are the owner of that gold. The gold bullion is not on Vaultoro’s books as it were. 

The gold is investment grade, LBMA (London Bullion Market Association) approved good delivery gold bullion bars. Vaultoro secures the lion’s share of the gold bullion at a private top-tier Brinks vaulting facility in Zurich Switzerland. 

Because the gold bullion is 100% allocated, it cannot be taken by Vaultoro or used as collateral for other ventures.

This is good to know, because if something was to happen to Vaultoro, liquidators would not be able to touch your gold, giving you piece of mind that your gold bullion is safe. 

All gold holdings are audited by the BDO auditing firm.

The World’s first Bitcoin/Gold exchange. 

For many people the allure of gold is hard to resist as the world’s oldest and best known reserve asset, if you have bitcoin or crypto gains that you would like to convert to gold, you need to get familiar with Vaultoro!

Claim half a gram of GOLD when you trade €100 worth of BTC. Visit Vaultoro

Vaultoro launched in February 2015, which is now a long time ago in crypto terms. 

Vaultoro is a very transparent trading platform, and was the first crypto / gold exchange in the world to offer a transparency protocol and 100% allocated, investment grade LBMA (London Bullion Market Association) gold bullion. 

Recently, in 2019, Vaultoro also included DASH as a new crypto currency for trading against gold bullion. 

Vaultoro has an easy to use web based trading platform that you can access via the website. 

The trading platform has a clear interface that is convenient to use. Features including volume and price charts, process orders, view trading history, make deposits or withdrawals and more. Vaultoro does not offer leverage trading. (Leverage is the use of a smaller amount of capital to gain exposure to larger trading positions).

The minimum amount of gold that can be traded is 0.001 Gram.  

However, buyers and sellers are not restricted by the amount of gold they wish to transact. 

Deposit with Bitcoin or DASH. 

One of the unique selling points of Vaultoro, is the fact that it does not accept any deposits of fiat currency. You can only deposit with BTC or DASH. 

This means you can essentially completely bypass the fiat currency and banking system, which is a huge selling point for a lot of crypto and gold fans. 

Bitcoin is used around the world. 

Anyone with access to a phone and the internet, can essentially download a bitcoin wallet, or sign up to an exchange and start to buy and use bitcoin as they please.

In order to purchase your first Bitcoin or DASH, you would need to use an exchange such as ‘Coinbase’ to essentially exchange fiat currency for cryptocurrency. You can then simply transfer the Bitcoin or DASH to your customer wallet via the public keys provided by Vaultoro. 

Bitcoin security. 

According to Vaultoro, once your bitcoin is deposited, it lands in their secure online multi-signature “hot wallets”. The majority are then moved to un-hackable offline multi-sig “cold wallets” every evening.

Cold wallets are secured offline, geographically diverse and safe from outside and inside attacks. A minimum amount of funds are stored on a hot wallet (connected to the internet).

Fees. 

The Vaultoro trading fees schedule is based on a ‘maker / taker model’.

Its basic structure gives a transaction rebate to market makers providing liquidity (the makers), and charges a transaction fee to customers who take liquidity out of the market (the takers).

“There are many ways to make good money in crypto but one of the best techniques is to market make on exchanges. Vaultoro is one of the best places to market make because we don’t take a fee, WE PAY YOU THE FEE! 

By adding trades to the Vaultoro crypto order book, you are adding liquidity. This should be rewarded.”

On Vaultoro you pay a very small fee if you take from the market, and part of that fee gets paid to the people placing orders into the order book (market makers).

See the full table of trading fees here: 

Fees are charged for gold storage, and physical gold withdrawals.

Vault storage fees. 

Vaultoro offer free storage on crypto, and 0.04% fee per month of total gold volume for gold vault storage. 

All Vaultoro storage fees include insurance, auditing and vaulting.

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 from crypto to investment-grade bullion and back. Crypto can bring large gains, gold is to preserve those gains without dealing with banks or fiat. Vaultoro gives you easy access to professionally vaulted, fully insured gold bullion.

VISIT Vaultoro

It is worth bearing in mind, that Vaultoro is primarily set up as an easy and efficient way for customers to buy, trade and sell allocated gold bullion via a vaulting facility. 

The gold you own in the vault is labeled in your name and insured in case of loss or damage. Overall this saves you from potential hassle related to storing and shipping of gold bullion. 

With this in mind, it is encouraged by Vaultoro that when the time comes to sell vaulted gold, you do so on the Vaultoro market, withdrawing the funds as Bitcoin. If you wish to do so, you could still buy physical gold that you can hold in your hands from a local bullion retailer. 

Remember, you still own your gold, so it is possible to pick up the gold if you so desire.

However, physical collection can only take place at the Brink’s Zurich Airport Depot facilities. There is a minimum quantity: 1 kg. Only 1 kg Gold bars are available for collection, so quantities must always be full kilograms. Full details can be found here.

Converting back to fiat currency. 

It is fair to say, both gold and bitcoin are liquid assets that can be traded on an open market and exchanged into fiat currency very easily whenever you wish to do so. 

Is Vaultoro safe to use? 

Vaultoro is a well-established and reliable online exchange that has put a lot of effort into ensuring customers have the most secure systems in place for storing both gold and crypto. 

It uses the very latest technology and security systems to ensure the site is secure and safe. 

Vaultoro is a registered Ltd company based in Cardiff, Wales, UK.  

Therefore, it is safe to say it is not a scam. 

Are there any potential downsides to using Vaultoro? 

Currently, Vaultoro does not offer the option to buy or trade Silver bullion. In our opinion this would be a great addition to the site. 

If you are only interested using fiat currency to buy or trade gold, then this is probably not the best exchange for you, due to the fact you can only deposit crypto. 

Although Vaultoro are using an excellent top-tier professional vaulting facility, it is only one facility in Switzerland at this stage. Diversifying into other geographically diverse vaulting facilities might be beneficial in the future for Vaultoro. 

Conclusion: 

Vaultoro is one of the most user friendly and reliable online crypto/gold exchanges out there at this moment in time, offering a simple interface, making it easy for customers to buy and trade gold with Bitcoin and DASH. 

Vaultoro offers a unique service and has a very robust and well established system in place for buying, selling and trading gold/bitcoin/dash. 

If you want to convert your bitcoin savings into a more physical asset such as precious metals, then buying physical vaulted gold with Vaultoro could be the perfect option for you.

Buying gold with Bitcoin or DASH using Vaultoro can help diversify overall investments while fending off any potential concerns about the banking system or fiat currency.

VISIT Vaultoro