Bitstamp Now Has a Gold Delivery Withdrawal Option

Bitcoin exchange Bitstamp has partnered with precious metal traders Moro & Kunst to provide its customers with the option to purchase gold using US dollars. The service is being advertised as a withdrawal option for exchange users, as Bitstamp users can purchase gold directly from the firm's website (see image below), choosing from bars ranging between 1–1000 grammes. After ordering, gold shipments are labelled with a certified tracking number and expedited delivery in two to five days, according to the company. On Bitstamp's website, gold prices are quoted in US dollars and updated every....

Bitstamp, one of the biggest bitcoin exchanges, adds gold withdrawal option for their customers in the EU. Gold price is quoted only in US dollars and one must also have an available balance in USD. Moro & Kunst, a Slovenian precious metals dealer, provides delivery of physical gold produced by well known brands Argor Heraeus in Switzerland and Münze Österreich in Austria. Fully insured shipment should be delivered to a customer’s address within two to five business days after ordering. Although a gold withdrawal option is not such a ground-breaking innovative step in the bitcoin industry,....

Is owning digitized gold a better option than physical gold? Comtech Gold tokenizes the metal making it more liquid and secure. The take-off of digital gold has the potential to disrupt the industry to an unprecedented degree. Historically, gold has been used as a global currency as a hedge against inflation. It has also been serving as an investment venue (commodities), often preferred over other asset classes like equities or foreign exchange, particularly in conventional markets. However, there are certain disadvantages to owning physical gold, such as inconvenience in transport and....

PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies. In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold?Gold is a commodity that dates back thousands of years as a store of value and as a....

Here's a move that could be a sigh of relief to traders on Bitstamp. A user by the handle "IamAlso_u_grahvity" posted a screenshot on the Bitcoin page at Reddit.com showing a withdrawal screen at Bitstamp, which now has a field for a two-factor authentication code, effectively adding a much-needed layer of security to the platform. The company also tweeted about the feature on Wednesday afternoon: #Bitstamp is happy to introduce a new security feature - two-factor authentication for #Bitcoin & #Ripple withdrawals. The use of the feature will greatly reduce the risk of a user's funds being....