Gold-backed cryptocurrencies, also known as “gold-pegged”, are backed by the physical value of gold. Similar to stablecoins, most gold-backed cryptocurrencies represent a physical collection of gold held by the issuer of the stablecoin. The biggest stablecoin is Tether (USDT). A Tether token is backed by a USD.
The largest token by market cap is the gold token Perth Mint (PMGT) for gold-backed cryptos. Gold-backed cryptocurrency is a type of stable cryptocurrency in which each token is backed by physical gold. With the price of the token linked to the current price of gold, there is less price volatility compared to Bitcoin or other altcoins. Binance is the world's largest cryptocurrency exchange in terms of market capitalization.
Offers support for thousands of cryptocurrencies, many of which are gold-backed stablecoins. On Binance, you can fund your account with a bank or other cryptocurrency and convert almost any asset into a stablecoin. It's all up to you, assuming the asset is on the list. The platform also offers several trading features, making it ideal for both novice and expert traders.
If you're interested in splitting away from stablecoins, Binance has tons of detailed documentation about the crypto industry for you to consume. Finally, this exchange has a wallet for you to store your assets as well. While Binance isn't a gold-backed cryptocurrency exchange, it's definitely a decent alternative. Based in San Francisco, Coinbase is a popular cryptocurrency exchange.
Because of this, it is much more selective in its offerings. Even so, the underlying support makes it a great space to buy gold-backed cryptocurrencies. Like Binance, Coinbase has a wallet for online storage. It also contains a ton of documentation to learn about stablecoins and other crypto industry commodities.
If you live in the UK, there's even a physical debit card, Coinbase Card, to spend on the go. Beginner traders have more than enough features to make an informed purchase. However, if you've been in space for a while, Coinbase has a professional exchange with more information than Binance. Just keep in mind that Coinbase has more expensive trading fees than most other exchanges.
However, it's a reliable platform, which is what you're paying for. Gemini is a cryptocurrency exchange founded by the Winklevoss twins of Facebook fame. The project is regulated by the New York Department of Financial Services. It also often undergoes banking examinations and audits.
These regulations make it an excellent platform for trading gold-backed cryptocurrencies. It is the first cryptographic platform to also hold the SOC 1 Type 2 and SOC 2 Type 2 compliance certificates. Gemini even offers hardware keys and insurance coverage for all assets stored on the platform. Gemini offers several products, such as its mobile application, a custody platform, a space to earn and even its own stablecoin.
That stablecoin, the Gemini Dollar, is pegged to the value of the USD. Can be used to trade gold-backed stablecoins, among other assets, similar to Binance's BNB asset. Finally, like Binance and Coinbase, Gemini has its own offering of learning documents to learn more about the cryptocurrency industry. FutureGold is a proposed crypto asset that will be backed by guaranteed royalty flows from future gold production and developed to provide funding to emerging gold mining producers through Blockchain technology.
COINSUPER, COINBE, HITBTC + YOBIT, The coin is already backed by physical gold and more gold will be added in the coming months. GBT's gold backing is held in a partner vault audited by Bureau Veritas and insured by XL Group. By having GLC, investors have access to unique features, such as two-minute confirmation speeds, making it the fastest transaction of all gold-linked tokens. Another that claims to be the world's first gold-backed cryptocurrency, Doradocoin tokens are issued to attract investment to an existing gold production company in Chile.
For more information on investing in gold and gold-backed cryptocurrencies, contact the investment specialists at Learn About Gold. In exchange, GOLDFUND is rewarded with a share of the production and is available for purchase with GFUN coins purchased on the ZOMIA Gold Exchange. The company is also being covered by the mainstream media, which actually legitimizes it in my eyes over other gold companies listed on this page. Gold Bullioncoin (XAAU) equals one gram of gold, and silver Bullioncoin (XAAG) equals 50 grams of silver.
AurusGold, better known as AWG, is minted by gold traders who arbitrate between the AWG and bullion gold markets. Is there a site that analyzes and compares those different gold-backed cryptos so you can solve potential scams and get an idea of what is safe to buy, now that gold and silver are about to explode?. Some of the cryptocurrencies listed here also don't detail how they store and account for gold, so proceed with caution. The company that owns True gold coin is licensed to issue TrueGoldCoin tokens up to a maximum of 10% of the trust's gold reserves.
If you want to get involved in the gold-backed cryptocurrency space, you're probably debating where is the best place to buy them. AUX coins can be exchanged for gold and investment grade gold products at prevailing market rates at LODE affiliated dealers. After November 11, Kinesis will have its ICO offering the sale of its KAU gold and silver transaction coins. .