Categories: News

BitStamp adds gold withdrawal option for EU customers

Popular Bitcoin exchange BitStamp has recently added a brand new feature, meant for its clients. According to a blog post posted on their site, they are now offering the possibility for EU customers to withdraw funds in the form of gold.

Based on this, as gold has been seen as timeless and a great investment for hundreds of years, the metal has become incredibility popular for investors from all around the world. Together with this, it has also always represented an efficient hedge against volatility, inflation and other currency risks. Because Bitcoin has been compared and described as digital gold, BitStamp has decided to form a partnership with Moro & Kunst d.o.o to bring gold and bitcoin closer together.

With this in mind, customers who have a positive balance in USD can check out the gold price quotes, which are updated every 5 minutes. To do so, they simply have to log into their accounts, and head over to the withdrawal section, where they can initiate an order. Regarding the currently available shipping policy, the delivery is fully insured, and comes along with a tracking number, before arriving in 2-5 business days. Those who wish faster delivery can also opt for personal pickup in Ljubljana, Slovenia.

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Based on everything that has been outlined so far, what do you think about this service from BitStamp? Let us know your thoughts in the comment section below.

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Daniel Dob

Daniel is a bitcoin investor and journalist for numerous news outlets in the financial sector. When he's not writing, trading, or interviewing people, you can find him swimming, reading or taking one of his hobbies to the next level.

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Daniel Dob

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