When cryptocurrencies became popular, people began trading them in exchange for other high-value financial instruments. In 2020, one of the most remarkable movements in the cryptocurrency market was the exchange of Bitcoin for gold. This domain of Bitcoin-gold exchange is relatively new to investors, which is why they require a reliable platform that helps them out.
|Listed Cryptocurrency||BTC, DASH, ETH, LTC, LINK, DAI, USDT, USDC, UNI|
|Supported Fiat Currencies||No|
|Deposit Fees||Varies on different Crypto|
|Transaction Fees||For Crypto Trading Pair |
Maker – 0.05% / Taker – 0.05%
For Gold /Silver Trading Pair
Maker – From 0.5% to 0.100%
Taker – From 0.5% to 0.375%
|Withdrawal Fees||Varies on different Crypto|
|Customer Support||Mail, FAQ, Social Network, & Ticket Form Support|
Vaultoro emerged as the most reliable cryptocurrency exchange for trading Bitcoin and gold assets. The platform is exclusively designed to support trade between Bitcoin and precious metals such as gold. In this Vaultoro review, we explore this crypto exchange and understand how it guides the users in the most profitable direction. Based on reliable Vaultoro reviews, the information below helps learn how Vaultoro works differently from other crypto exchanges. This Vaultoro review also shares details on the trading fees, deposit and withdrawal methods, and the security measures adopted by the platform.
What Is Vaultoro?
Vaultoro is an online cryptocurrency exchange. It is a unique platform designed to enable trade between crypto-assets and physical gold assets. Traders and investors can exchange their Bitcoin and Dash assets to buy and store physical gold assets.
In simple words, physical gold can be exchanged with Bitcoin on Vaultoro. These trades are available at the best possible prices. With this unique concept, the Vaultoro platform empowers crypto traders with gold trading. It integrates the trade of precious metals with cryptocurrencies. Common people can easily get access to exclusive gold preserves by making Bitcoin and Dash investments. A premium gold exchange in Switzerland protects the platform. Operated in London, Vaultoro is one of the best crypto exchanges in European countries. The platform also ensures that the physical gold delivery is available to the respective holders at any time and place.
Vaultoro Review – Platform Interface
How Does Vaultoro Work?
Vaultoro works like every other crypto exchange, except it has limited its trading capabilities to Bitcoin/gold and Dash/gold. Users can trade with these pairs only as the UK-based exchange ensures that BTC and DASH assets can be seamlessly converted into real gold. The platform works as a highly transparent exchange. It keeps its public ledger accessible, and people can easily check the trades at their own discretion. At Vaultoro, investors based in the US can also buy gold for BTC and DASH coins.
Is Vaultoro Regulated?
Vaultoro is not a regulated cryptocurrency exchange. The platform is a registered corporate entity in the UK.
Features of Vaultoro
- Storage of gold and crypto-gold trading are the two main features of this platform.
- Storage of the gold is securely done at Vaultoro’s Switzerland vaults. These vaults store 99.9% pure gold, which is sourced directly from the smelting companies. Vaultoro also works towards storing gold in high-security vaulting facilities.
- ProAurum Switzerland is the main storage facility for this platform. The insurance fee on these storage services is 0.4% of the active gold volume. This fee gets revamped after every 15 minutes.
- The list of holdings offered by Vaultoro is limited. This exchange is not for those looking to explore a wide range of crypto-to-crypto or crypto-to-fiat trading. Customers can only trade quantities of gold and Bitcoin assets.
Vaultoro Review – Features of Vaultoro
Vaultoro Review: Pros and Cons
|Traders do not face any major restrictions in terms of buying high volumes of gold.||Bitcoin is the only major cryptocurrency that can be traded against gold.|
|Vaultoro ensures that the gold can be encashed in the form of physical assets after the purchase.||Traders are compelled to pay various fees at every step of the deposits and withdrawals process.|
|Trading at Vaultoro is considerably faster, more secure, and cheaper than other exchanges, which is why the users do not require bank accounts and fiat currency to trade on this platform.|
|BTC/USD prices and gold prices work well for traders.|
|Crypto gold trading becomes active within one hour after account verification.|
|All transactions made on Vaultoro are completely verifiable on the blockchain.|
Creating an Account With Vaultoro
People can become registered users at Vaultoro with an easy process. The website registers the user accounts with the help of details, such as name, country, email address, and phone number. After a digital verification of the newly-created account, users can start trading on Vaultoro by adding crypto assets via the best cryptocurrency wallet or buying them directly on the platform.
Vaultoro Review – Registration Process
How Does Vaultoro Make Money?
Vaultoro makes its money in three ways:-
- Trading fees charged to its users/clients for crypto gold trading services.
- Storage fee is charged for gold.
- Fees charged for physical delivery of gold (including the withdrawal fees).
Vaultoro fees are charged to both the trading parties. The maker fee is charged to the ones selling crypto or gold. The taker fee is charged to the ones buying these assets. Vaultoro also divides these fees among makers and takers in an easy-to-understand fee model.
For a BTC sell order of $10,000, the maker (buyer) is charged with -0.05% maker fees. So, an additional $5 is charged on top of the $10,000 amount. The platform also charges a monthly 0.04% fee on the storage of gold. Vaultoro withdrawal fees are substandard. The exchange charges 0.0005 BTC for every BTC transaction. A withdrawal fee of 0.007 DASH is charged for every DASH trade.
The withdrawal and shipment fee for gold, including the insurance fee, ranges from €130 per 100-gram bar to €220 per 100-gram bar, depending on the trader’s country. Click here for more details on Vaultoro’s fees structure.
Vaultoro Deposit and Withdrawal Methods
According to this Vaultoro review, deposits of the platform are free of charge. The users need to add a crypto wallet or transfer the BTC and DASH assets on the Vaultoro blockchain to make the deposits.
When it comes to cryptocurrency withdrawals, Vaultoro offers competitive methods. Compared to Coinbase and Binance, this exchange does not deduct any major network transaction fee during the withdrawals.
Vaultoro Accepted Payment Methods
Vaultoro exchange does not accept fiat currency deposits and withdrawals. The payment methods accepted by the platform are crypto-only. The users need to add crypto wallets or transfer the BTC and DASH assets directly on the Vaultoro trading account. New cryptocurrency investors without any previous holdings are unable to start trading here. The exchange is used for BTC/DASH payments exclusively. An entry-level exchange can be used to buy these crypto-assets and transfer them directly to Vaultoro.
Vaultoro Trading Platform
Vaultoro trading platform is simple and designed with the latest trading tools. The web app’s dashboard is instinctive, which is why traders can easily navigate and toggle between the order books and account statements. Features are properly aligned on the platforms so that people can make instant trades and complete the learning curve within seconds.
Vaultoro Review – Vaultoro Trading Benefits
Vaultoro Trading Tools
Vaultoro has integrated the Coinigy platform to enable advanced trading tools for BTC/Gold investors. Coinigy tools help Bitcoin enthusiasts on Vaultoro to become expert traders. These tools make access to gold assets easy and help Vaultoro customers in diversifying their investment portfolios. Other exchange platforms and partnerships widely accept these tools.
Professional crypto gold trading tools are now available to new Vaultoro users, helping them become experienced traders in a short period. These tools are developed with real-time market markers and technical analysis features that provide trading insights with graphical charts.
Vaultoro Referral Program
The Vaultoro referral program is a great offering by this exchange. This program improves the payouts and profits for the users who provide referrals:-
- A 5% trading fee is levied for those who refer new users for two years.
- A 20% trading fee is discounted for users who add high-volume investors through this program.
- Every user gets ½ a gram of gold for free after adding the first referral; however, this is only a one-time payment.
Vaultoro Review – Vaultoro Referral program
Vaultoro Security & Privacy
For running gold storage, the security operations of Vaultoro are robust. The company gives paramount importance to its data protection protocols. It uses high-end blockchain encryption, which is not only a great security measure but also improves the reliability of the exchange. The Vaultoro website clearly states that a very small percentage of the Bitcoins holding are stored in hot wallets. The majority of the assets are stored in cold crypto hardware wallets. The 2FA (two-factor authentication) method also ensures that these wallets are protected thoroughly.
Vaultoro Review – Vaultoro Security & Privacy
Vaultoro Customer Support
This Vaultoro review finds customer support service at Vaultoro satisfactory. On Twitter, the exchange is active with the ‘Vaultoro’ handle. Similarly, the exchange runs its official page on Facebook and Reddit. The best way to reach customer support is via email address, [email protected] Customers can also call +44 203 697 0220 for immediate assistance.
Vaultoro Review – Vaultoro Customer Support
Vaultoro Review: Conclusion
All things considered, Vaultoro crypto exchange reviews bring a new concept for cryptos traders. It emphasizes the process of acquiring gold using Bitcoin. This novel idea makes Vaultoro a sought-after exchange in the cryptocurrency space. It is the best place to trade BTC/Gold pairs. The technical and fundamental analysis tools provided by the exchange make BTC/Gold trading easy and a lot more profitable than what people expect. This way, Vaultoro shows how to make money by pairing cryptocurrency volatility with precious metals markets and creating a high store of value.
How Safe Is Vaultoro?
Vaultoro maintains high standards of security and user transparency. The gold held by its customers is completely safe. It exists in physical form in the Swiss vaults. The Vaultoro coin price movements are also safely monitored, helping its customers withdraw their funds as they please.
Is Vaultoro Legit & Regulated?
Despite not being a regulated cryptocurrency exchange, Vaultoro is a UK-registered corporate entity that makes Vaultoro legit and is surely not a scam.
Is Vaultoro Safe?