it plans to expand the service soon, potentially offering gold storage at Moro Kunst's vaults in Vienna or Ljubljana, and eventually introducing direct convertibility of gold and bitcoin. In the long term, perhaps Bitstamp will spearhead a market for stronger competition between gold and cryptocurrency, as well as more Bitcoin adoption leading to many more market options for multi-currency exchanges. However, Bitstamp told CoinDesk that the gold-buying service is only available currently in the EU, adding that all 28 member countries are covered, including the. The service is being advertised as a withdrawal option for exchange users, as Bitstamp users can purchase gold directly from the firm's website (see image below choosing from bars ranging between 11000 grammes. But according to to their site, they intend add a Bitcoin-for-gold option soon. Bitstamps page summarized their ordering criteria: Gold prices are"d in USD and updated every 5 minutes. To initiate an order go to withdrawal section and click Gold. "We want to introduce a bitcoin/gold trading pair and this is first step in doing.
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The EU-based Bitcoin exchange Bitstamp now allows customers to withdrawal funds in Gold.
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There are still many precious metal enthusiasts and. Gold image via Shutterstock, the leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. They also have a relationship with the. And with the rise of cross-transferable exchanges like Bitstamp, people may see competing markets grow and develop as gold bugs begin adopting and using more Bitcoin. They recently released this information in a webpage news update. The idea of being able to trade Bitcoin for gold is apt because most hinta bitcoin vuonna 2008 2018 crypto-enthusiasts and free market advocates enjoy having competing currencies.
However, the company has not integrated Bitcoin functionality, so gold can only be"d and exchanged for USD. Their website says they have markets all across Europe, including Germany, Austria, Switzerland, Croatia, and elsewhere. Their page mentioned taking Mastercard and Visa, which is important so that transitioning into accepting various currencies happens as quickly and smoothly as possible. Before submitting an order, USD balance must be available.