Netagio lets customers trade Bitcoins for gold, GBP, EUR or USD

Tuesday 1 April 2014 14:42 CET | News

London-based Bitcoin exchange Netagio has launched a service which enables customers of its Bitcoin cold storage solution to trade Bitcoins for real gold, GBP, USD and EUR.

Netagio’s free-to-use accounts sit behind two-factor authentication security and can be set by customers to allow access only from preset, user-defined locations. Netagio customers can turn their Bitcoins into physical 100g gold bars that will be insured and stored in a maximum-security vault in a storage facility in Switzerland.

Netagio customers can also turn any gold that they have into Bitcoins - they need to convert the gold into 100g bars and have them delivered to Netagio, which will credit the customers account with Bitcoins. Gold can also be delivered to a customer’s address, at the customer’s expense.

The exchange rate is calculated on the most recent Bitcoin and gold prices and Netagio charges a competitive 1.99% commission on the purchase, which is paid in Bitcoins. Customers buying gold with Bitcoins will also be charged a storage fee of 0.3% per annum, again payable in Bitcoins.

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Keywords: Netagio, Bitcoin, virtual currency, crypto-currency, online payments, trade, exchange
Categories: Payments & Commerce
Countries: World
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