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.

Related Post

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.

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

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.

Published by
Daniel Dob

Recent Posts

Top 5 DeFi Coins to Watch for 2022

The DeFi sector of cryptocurrency is valued at over $168 billion, with over $10 billion…

8 hours ago

AMC CEO Announces Plans to Accept Shiba Inu via Bitpay in the Next 2-3 Months

In a twitter post yesterday, Adam Aron, CEO of AMC Theaters, announced the company's plans…

12 hours ago

Loopring and Gamestop – What Is Up with These Two?

Loopring and Gamestop are two entities that, at first glance, seem very different. One is…

13 hours ago

The Safest Methods to Deposit into Online Gambling Accounts

The rise of online betting is plagued with inevitable setbacks. One of which is the…

13 hours ago

GenshinShibInu Price Up Over 3000% After PancakeSwap Listing

GenshinShibInu (GSHIB) is the latest meme coin that gained over 3000% in the past 24…

14 hours ago

Top 5 Hottest Metaverse Projects Right Now

As the Metaverse trend picks up, we see more and more emerging projects entering the…

15 hours ago

This website uses cookies.