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Summary
Gold – a rare, historic metal has captivated the attention of humans for centuries. The metal is known for its historic track record of steady performance and as a hedge against inflation. However, challenges related to storage and security remain ever present in this domain. This is where platforms like Bullionz come into play.
As an innovative and intuitive platform, Bullionz lets users tap into the liquidity of precious metals and trade digitized gold tokens. It aims to remove the barriers that exist in the gold trading market by providing access to all. Let us further get into the details of what Bullionz offers.
What does Bullionz Offer?
Created in 2023 by CEO Razi Salih, Bullionz lets users worldwide easily trade gold. Its services include fully allocatable digital assets, combining the utility of physically backed gold with everyday trading.
Platform
The Bullionz platform is very intuitive and user-friendly, allowing traders to instantly trade the company’s fully regulated BTGX tokens (as detailed below). They can simply place a market order using Bullionz’s powerful trading engine, equipped with the latest tools and analytical features. In addition, traders can take advantage of the platform’s Auto Invest feature and tight spreads. Overall, the platform allows users to exchange, redeem, ship, vault, deliver, and garner rewards from gold and the firm’s gold-backed digitalized asset.
BTXG Token
Bullionz allows its users to either buy gold directly, or indirectly use gold IRA to gain exposure to gold. The native token of the platform BTXG is an ERC-20 token. Each BTXG represents a 1-gram physical gold contract. This contract has a 999.9 fineness score, a unique serial number, and is stored and secured within the company’s audited and insured vaults.
Buy and Sell Orders
Through its platform, Bullionz provides a very clear options to execute buy and sell orders for its BTXG token. The platform does not have a minimum amount requirement, allowing users to start investing in as little as 1 gram of its gold-backed token.
Yielding
Bullionz’s yielding functionallows users to contribute BTXG tokens to its blockchain ecosystem and community. To do this, users simply have to hold BTXG tokens in their account. Doing so will allow them to receive passive monthly rewards. Users have the option to set aside yielded tokens for 3, 6, 9 and 12 month periods.
Redeeming and Vaulting
Bullionz also provides users with the ability to redeem their digital gold-backed tokens for real physical gold. To do this, users simply have to click on the “Redeem Gold” option on the main dashboard, select the amount of physical gold they want to redeem, input the address to where it will be delivered, review the charges and click submit. Gold assets can then be stored within one of the company’s global secure vaults. Users are issued a unique certification ID and vault number that they can use to retrieve their gold in physical form, whenever they wish.
Online Store
Finally, Bullionz offers an online shop for buying physical gold directly. It has some of the lowest prices in the precious metals industry. Assets include investment-grade bullions, coins and minted bars with a guaranteed fineness of 999.9. Once purchased, Bullionz delivers the physical assets straight to the customer’s door.
What are the Minimum Investment Requirements and Fees?
Bullionz offers prices which roughly represent the standard spot market price of 1 gram of gold on its Exchange. These prices which reflects the value of gold includes trading fees.
Additionally, Bullionz charges a flat fee per redemption. This includes a refinery fee and an execution fee. Delivery fees may vary, depending on the rates set by the courier shipping provider used, and the shipment’s amount, value and destination.
There is no minimum amount requirement for buying, yielding, vaulting and redeeming gold on the platform. This makes the overall experience more affordable and accommodates traders with different financial situations.
How Secure is Bullionz?
Security is prioritized at Bullionz, especially when dealing with gold. By using ERC-20 blockchain technology, Bullionz provides the highest levels of security and transparency. Everyone of the the company’s BTXG token is recorded on the blockchain, leading to a verifiable and immutable ledger certification for proof of ownership. Additionally, Bullionz stores physical gold bullions, bars and coins in vaults which are globally located, fully insured, regularly audited and secured.Finally, Bullionz ensures and verifies that there is a 1:1 BTXG-to-gold allocation. Users’ information is protected by strict encryption measures..
Customer Service
Bullionz provides customer support channels in multiple languages. They have knowledgeable staff that can answer questions about digitized gold investment and about the company’s offerings. Clients can either use email, phone or live chat for this purpose. There is also a website contact form which has very fast response times.
In addition to this, Bullionz maintains an active presence on Instagram, X, Facebook, LinkedIn, and YouTube. These are alternative avenues for connecting with the team or getting firsthand information about the company.
Final Verdict
Bullionz has started a revolution in the digital gold trading domain, providing investors with a hassle-free way to invest in gold. The platform’s user-friendly and innovative features let clients freely navigate the gold market, follow gold prices in real time, and make well-informed decisions. The platform has features which are ideal for both beginner and seasoned gold traders. So, if you are looking for a great way to diversify your portfolio using gold, Bullionz is your answer.
- Provides fully allocated digital tokens backed by real gold held in secured storage vaults.
- Fully insured products
- Direct global shipping and delivery
- Provides passive rewards and yields.
- Relatively new platform
Product Offerings
Customer Service
Security
User-friendliness
4.6
(Overall Rating)
