Latest News
Bitpanda Digitises Physical Gold and Silver
Vienna-based fintech Bitpanda launches gold and silver trading for its 1 million users. The new product Bitpanda Metals allows users to securely and conveniently invest in gold and silver and benefit from ultra-low fees. The assets are 100% physically backed, fully insured and stored in a high-security vault inSwitzerland.
- Users can buy gold and silver to diversify their portfolio
- Gold and silver are asset-backed by physical gold and silver bars
- Transparent and low fees
- Duty-free, 100% insured and safely stored in Switzerland
- Swap gold and silver with any digital asset on Bitpanda
- Set up savings plans for regular invests
Bitpanda, the Viennese fintech with around 1 million users and more than 100 employees is adding gold and silver as a new asset class to their trading platform. With Bitpanda Metals the company is introducing the user experience and convenience of buying digital assets to the world of precious metals trading.
Bitpanda partnered with precious metals brokers pro aurum and philoro to securely store the physical underlying of the gold and silver tokens offered by Bitpanda. The physically backed, digitised gold and silver can be traded with the same ease as with other digital assets on the Bitpanda platform. Users can buy small amounts beginning from €1 using a wide variety of payment methods and pay in Euro, Swiss Franc, British Pound or US Dollar. Gold can be bought for no fees no matter the amount (after the launch promo for a low fee of just 0,5%), and stored for a transparent and industry-wide unique storage fee of just 0,0125% per week. Gold and silver holdings are 100% insured. Users can sell anytime they see fit, and they are also able to instantly swap any amount of their gold or silver holdings with Bitcoin and any other available digital asset available on Bitpanda.
“Gold and silver stood the test of time as an asset class, and we are now bringing it to the 21st century. With high transparency, very low fees and the same convenience as for other assets on our platform, we are disrupting the gold trading business. With Bitpanda Metals we allow small investors to buy without having to pay horrendous fees. This is a real game changer,” says Bitpanda CEO Eric Demuth.
To celebrate the launch of Bitpanda Metals, Bitpanda charges no fees on buying gold until 15 June 2019, plus users receive 5 to €200 worth of digitised gold or silver when they invest at least €25 gold or silver on the Bitpanda platform.
SOURCE Bitpanda GmbH
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc.
-
Blockchain4 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases3 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain3 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain4 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain2 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain2 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain3 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America
-
Blockchain Press Releases1 day ago
Canaan Shines at Blockchain Life 2024 in Dubai