Since 2015, the brothers Josh and Philip Scigala host the trading platform vaultoro.com. As the response and feedback from the community is great they added several new features like shapeshift integration, instant orders and set up the Vaultoro Vlog that just started a few weeks ago:
Various solutions can be uptained by using the current service:
A secure haven: Gold vs fiat
There are several disadvantages when converting crypto to fiat money. Usually there are high credit card fees and withdrawal limits. Additionally, if you hold fiat on a standard exchange you have a counterparty risk if they go bankrupt. We saw in the past that there is a massive risk of loosing money through exchanges like Mt. Gox. In contrast, holding allocated gold is an easy and secure way to save your profits off the exchange’s books. When buying gold you can avoid fiat entirely! The UK-based gold exchange lets you hedge your gains without the need of a bank account. The gold is stored in high secure vaults in Switzerland, audited by BDO International and insured by Helvetia.
Transparency redefined
The Vaultoro Glass Books Protocol was developed to give users the ability to see a proof of above 100% reserve of both bitcoin and gold while protecting user privacy. Vaultoro prides itself on being one of the most transparent exchanges and hopes to inspire the industry with its easy to use solution.
ASIC gold mining
When mining Bitcoin you can automatially convert into allocated gold. Vaultoro build instant orders that miners can hedge their volatility risks without the need of programming skills.
Convert altcoins
Vaultoro was one of the first exchanges to partner with shapeshift. Three years later, many altcoin holders are taking the huge provits they made and locking them in with insured physical gold bullion.
Native altcoin support
After the fork in 2017, Vaultoro was one of the first exchanges that supported Bitcoin cash withdrawals. New trading pairs have been announced like Ethereum-Gold and will allow the plattform to grow and to offer several arbitrage possibilities. Users can trade gold back and forth to assure that there will be a fair price in Vaultoro’s p2p ecosystem at any time.
If you have any feedback comments are appreciated. You can also reach out through Josh’s official Twitter account.
