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A dilemma which cryptominers and cryptoenthusiasts often face is what to do with their coins. Cryptocurrencies, and primarily Bitcoin, can be used to purchase goods or exchanged for services or other cryptocurrencies. BitGold takes the cryptocurrency business one step ahead by allowing you to buy gold using your Bitcoins!
In addition the company removes fees everywhere it is possible aiming at making gold accessible to everyone. Every gram of gold in your account is your property: We are required by the exchange to report our audited or independently reviewed financial condition 4 times a year. Our headquarters are located in Toronto, Canada and our corporate address is: Our Corporate By-Laws require that we must buy or sell assayed and stamped.
If for any reason BitGold stops operating, you will receive your precious metals balance in physical gold or the equivalent value of your metal in one of the currencies we support.
Our gold is segregated, held on a one to one ratio and is fully reserved. Payment to you is assured by a court appointed administrator who would complete the winding-up process. Although BitGold offers you a variety of way to purchase gold, we will focus on the ways you can obtain Bitcoins and later on use them to buy gold.
Step 1 If you do not already have a Bitcoin or other cryptocurrency wallet to store your coins create one. There are plenty of options. Intelllminer recommends you the following options:. Once you're done creating your wallet make sure that you print out a paper wallet and make the most out of the security options offered.
Step 2 Now, you need to start making some income! In case you have adequate hardware for mining cryptocurrencies and altcoins you may consider using Minergate GUI miner and begin making income in three easy steps. Otherwise consider using Bitcoin and altcoin faucets. Faucets are websites or Android apps that give free coins. Step 3 If you only collect Bitcoins, skip this step, otherwise, it is time to exchange your Doge, Litecoins, Ethereum and other alt and cryptocoins to Bitcoin.
This is done in no time and in 3 easy steps via Changelly exchange platform powered by Minergate. Step 4 Once you have completed the exchange and have received your Bitcoins in your wallet, log into your BitGold account and perform your first deposit using Bitcoin!
Please, mind that for some states restrictions apply, so make sure that you comply with all conditions before investing your time and capital. All services proposed by Intellminer on this article are legal and hold the highest of standards in customer support. Do read the FAQ of each service and in case you need further instructions contact the customer's support or leave a comment below.
Discover more on Intellminer e-zine. Intelllminer recommends you the following options: