What is Vaultoro? Is there any unique reason behind its popularity? In this review, we shall be digging deeper into these questions with the hope that by the end of it, you will be in a position to know whether you can use Vaultoro. Here are some key elements of Vaultoro that we shall shed light on in a bid to get a clear understanding of it:
- What is Vaultoro?
- How trades are regulated on Vaultoro
- Is Vaultoro reliable anyway?
- The trading platform offered to traders
- Commissions and Spreads on Vaultoro
- The deposit and withdrawal options that are offered by Vaultoro
- How genuine is Vaultoro?
- Pros and cons
Name of the platform: Vaultoro
Official Website: https://vaultoro.com/ (Get 0,5 gram of free gold if you register through any link on this page)
Overall Rating: (4.6 / 5)
What is Vaultoro?
Vaultoro is the first trading platform to trade between gold and bitcoin and physical gold. It can simply be defined as an online exchange platform through which traders get a chance to exchange any amount of BTC that they hold for physical gold. In other words, this is a platform that makes it possible for traders to trade the BTC held in their wallets for a specific quantity of physical gold, at very competitive prices. Vaultoro has created a business model that sees to it that even the regular investors are well-placed to profit from the exchange of Gold for other currencies, which is something that only investment bankers tasked with handling mega gold exchanges were left to do in the past.
Vaultoro was formed back in 2015, as the brainchild of Joshua and Philip Scigala. Their goal to create a platform where two of the most valuable trading instruments could be exchanged materialized quite well. Today, Vaultoro has a safe vault in Switzerland, where all the gold deposits are securely kept.
How trades are regulated on Vaultoro
Currently, Vaultoro does not offer a regulated online exchange platform. This is not to mean that there is insecurity to be expected with this. The traders on this platform usually trade against each other. Vaultoro only comes in to provide a hot wallet in which the Bitcoin used in the trades is stored. Once the traders have made their profits, they can withdraw and store them in the form of BTC in the cold wallets. Cold wallets offer the best form of security in as far as cryptos are concerned.
Is Vaultoro reliable anyway? (based on its operation model)
Vaultoro has put in place measures that are meant to keep all trader data safe. This also holds for the gold and the Bitcoin that the clients have stored on the platform. As already introduced, Vaultoro offered cold wallets for the storage of Bitcoin, and the funds in them are usually protected using multiple signature protocols.
All of the gold that the traders purchase is usually then stored under their names, and is placed in the safe vaults in Switzerland, which is popular for its investor-friendly jurisdictions. Once the gold has been stored, an auditing firm called BDO usually does the auditing to ensure that Vaultoro maintains the gold reserves at 100% always. This means that even if Vaultoro collapses, the gold deposits remain totally protected, and you can claim and access your gold.
The trading platform offered to traders
Vaultoro facilitates trading by offering the traders a web-based platform, that they can log in to. These traders are usually presented with only 2 trading instruments, i.e. Gold and BTC. This essentially means that a trader can go about two types of trades, Buy or Sell. The two subdivisions under each type of trade are :
- Market orders
- Pending/limit order
There are no special accounts or membership tiers offered by Vaultoro to its users. Actually, the users are all given access to similar accounts that all have similar features. The main concern is all about using the features available to conduct the exchanges in the safest and fastest possible manner, not about being charged recurring monthly fees.
Commissions and Spreads on Vaultoro
When you create a Vaultoro account, you should expect to be charged in the following areas:
- The storage of your gold
- The withdrawal of your gold
Vaultoro usually charges trading fees based on the volumes of the trades which have happened exactly 30 days before the calculation of the charges. The fees are:
- 0 to 500 grams – 0.5% per trade
- 501 to 1500 grams -0.4% per trade
- 1501 to 5000 grams- 0.3% per trade
- More than 5000 grams -0.2% per trade
Vaultoro usually charges its clients storage fees along with insurance fees. These go into taking care of the expenses involved with the storage of gold in the safe vaults in Switzerland. This company charges 0.04% of the value of the total volume of gold that a client has, every month. It is only gold deposit holders who incur these charges, and those who have already converted their gold to BTC incur no extra charges. On the overall, one does not actually incur any charges for storing their BTC with Vaultoro.
The deposit and withdrawal options that are offered by Vaultoro
Currently, in a move to guarantee safety and efficiency, Vaultoro only allows you to go about the banking process by using Bitcoin. This means that you will have to purchase Bitcoin so that you can later transfer it to your Vaultoro customer wallet.
It is possible for you to buy Bitcoin using fiat currency from a platform such as Coinbase. Upon acquiring your Bitcoin, you can then transfer it to your Vaultoro wallet. All you will need at this juncture are the public keys. You should take caution as you transfer any amount of BTC at all times.
Is Vaultoro a Scam or Legit & Genuine?
So, is Vaultoro a scam? No, of course not. It Is 100% legit. It is a platform that I think has done an impressive job of creating unique investment and money-making opportunities. BTC and gold are two well-known trading instruments that are great pairs because they mostly move in the opposite direction. Vaultoro helps you capture the value in such instances, and also charges reasonable fees to ensure that you get a large portion of your profits. I, therefore, think it is one that you can actually give a try. If you are getting started with trading, you can first get the technical details about how BTC/Gold trades work so that you do not end up losing your money very early in the game.
Not sure if trading is the way to go?
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Pros and cons
It is always wise (and recommended) to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
- Get paid to trade negative fees (!)
- Get 0,5 gram of free gold if you trade for $100 (only if you register through this link)
- It does not usually restrict you from purchasing any amount of gold
- It offers quick verification of accounts
- They are transparent
- Security is guaranteed (you are fully insured).
- You do not need to use fiat currencies
- You will need to refine your analysis skills to trade BTC/Gold
Final words and verdict:
Overall rating : (4.6 / 5)
Vaultoro is a legit platform that I think you can have a look at if you are an avid fan of either gold or BTC. With the knowledge about how these two trading instruments work, then you can rely on Vaultoro to earn an income safely since this platform has top-level security measures for both gold and BTC.
P.S. You need to trade for $100 to get your free gold
We have come to the end of my review about what Vaultoro is. I hope you got to learn a number of things from it. If you still have any questions (or comments), feel free to leave it in the comments section and I will get back to you as soon as I can.