What is Vaultoro? What makes it popular? In today’s review, we shall be answering these questions at length. At the end of the review, I hope that you will be in a position to decide whether you can rely on it based on its value:
Name of the platform: Vaultoro
Official Website URL: https://vaultoro.com/
Overall Rating: (4.8 / 5)
If you register to Vaultoro through any of the links on this page you will get 0,5 grams of FREE gold once you trade for $100
Table of contents:
Here are the key pillars of this review that will help create an in-depth understanding:
- What is Vaultoro?
- How does Vaultoro go about the regulation of trade on its platform?
- How Reliable is Vaultoro?
- The Trading Platform
- The commissions and spreads to expect on Vaultoro
- The deposit and withdrawal options on Vaultoro
- How does Vaultoro offer customer support?
- Is Vaultoro genuine?
- Pros and Cons
What is Vaultoro?
Vaultoro exists as an online exchange platform that lets traders exchange their Bitcoin for physical gold. Simply put, this is a platform that lets traders trade the Bitcoin that they have in their wallet for physical gold at some of the most reasonable prices in the market. This business model facilitates the distribution of power to the regular people since this activity was previously reserved for investment bankers running the mega gold exchanges in major cities such as London.
Vaultoro saw the light of day back in 2016 when Joshua and Philip Scigala teamed up to enable the exchange of Bitcoin for gold. Vaultoro has a secure vault in Switzerland, where the physical gold is stored. It is through using the Vaultoro platform that traders can purchase or sell gold bullion with their BTC, with there being opportunities to cash out the bullion at will.
How does Vaultoro go about the regulation of trade on its platform?
This platform does not present to its users a regulated exchange. This does, however, not create much of a problem since traders trade against each other, not against Vaultoro. As a result of this, the traders are put in a position where they only use the Bitcoin stored in hot wallets that Vaultoro provides. Upon making profits, one can then withdraw their Bitcoin to a cold wallet, which cannot be accessed by hackers.
How Reliable is Vaultoro?
Vaultoro has defined measures that are meant to secure all trader data, as well as the gold and BTC holdings that belong to clients. The cold wallets offered for the storage of Bitcoin for clients are usually protected by the creation of multiple signature protocols.
All the gold involved in the trade is usually stored under the name of the trader, in secure vaults located in Switzerland. Who audits the gold holdings? you may ask. Well, an auditing firm known as BDO usually audits the gold holdings. This is usually a move that sees to it that Vaultoro does not fail to maintain its gold reserves at levels less than 100%. To that effect, even if Vaultoro as a company collapses, all the gold deposits are all well-protected, and traders can gain access to the gold stored under their names.
The Trading Platform
The trades on Vaultoro are conducted via a web-based platform that is usually accessed through a website. The traders usually have access to two trading instruments only, namely: Gold and Bitcoin. This means that there can be only two types of trades, that is Buying or Selling. Each type of trade has its two subdivisions as shown below:
- The market order
- The pending order (limit order)
This platform does not offer any special account levels to its users. In fact, they are usually presented with similar accounts that all have the same features.
The commissions and spreads to expect on Vaultoro
The fees and charges on the BTC/gold trades on this platform usually come up in 3 areas, namely:
- The withdrawal of physical gold
There is a trading fee on this platform, which is usually charged on the volumes of the trades that have happened 30 days prior to the calculation being done. The fees are:
- 0 to 500 grams – 0.5% per trade.
- 501-1500 grams -0.4% per trade
- 1501- 5000 grams – 0.3% per trade
- More than 5000 grams- 0.2% per trade
Vaultoro usually charges storage and insurance fees, since there are costs involved in securing of the gold deposits in Switzerland. The storage fees charged are 0.04% of the total volume of gold held with Vaultoro, and they are usually paid monthly. These charges are usually deducted on gold deposit holders, except the traders who have taken the step to convert the bullion to BTC. There are no fees charged on the storage of BTC.
The deposit and withdrawal options on Vaultoro
In order to ensure that users are protected and that transactions are very fast and affordable, Vaultoro has established that all deposits and withdrawals have to be made using Bitcoin. This calls for the trader to purchase Bitcoin before they can even transfer it to their Vaultoro wallet.
You can purchase the Bitcoin using fiat currencies from well-established and secure platforms such as Coinbase. After acquiring the BTC, you should then transfer it to the Vaultoro wallet, using the public keys provided.
Traders are usually requested to take sufficient precautionary measures all through the transfer process. The Bitcoin transactions can all be confirmed within a single hour.
How does Vaultoro offer customer support?
If you have an issue that you think deserves extra attention, you can reach out to the customer support team through the avenues below:
- Twitter- twitter.com/vaultoro
- Facebook- facebook.com/vaultoro
- Reddit- reddit.com/r/reddit
- Email: firstname.lastname@example.org
- Phone number: +44 203 697 0220
Is Vaultoro genuine?
Yes. Vaultoro is 100% genuine and is a company that I think is creating a very unique opportunity. The fact that it deals with gold and BTC gives it a unique edge in that it reveals its awareness of the state of the economy, and it shows how committed it is to make it easy for investors to earn an income from two of the most widely recognized trading instruments. I also think that the fees on this platform are quite reasonable, moreso with the knowledge about the level of security that is offered.
In my humble opinion, I think this platform presents one with a suitable way to profit from the volatility of cryptos, as well as the main asset that is relied upon as a store of value (physical gold).
Pros and Cons
- You actually get paid to trade negative fees (!)
- No restrictions on the amount of gold that you can purchase
- quick account verifications
- Transparency is guaranteed.
- Your funds are fully insured with Vaultoro
- Secure platform
- No fiat currency is needed (leave banks out of the equation)
- The technical analysis needed to trade BTC against gold
Final words and verdict:
Overall rating : (4.8 / 5)
Vaultoro brings two of the most popular trading instruments on a single platform and makes it possible for you to trade with them and earn a profit. The fact that it guarantees top-notch security is a reason to give them a try. If you, however, want to invest in cryptos using another approach, here is how you can go about it:
P.S. You only get your free gold if you sign up through any of the links on this page + trade for $100
That’s all about what Vaultoro is. Do you have any remarks to make about your experience with it so far? Do you also have questions that you would like me to answer? Drop them in the comments section and let’s sharpen each other.