Vaultoro

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Vaultoro Limited, Inc.
Vaultoro.com Bitcoin / Gold exchange logo
IndustryeWallet, exchange
FoundedFeb 15, 2015
HeadquartersLondon, England / Berlin Germany
Founder(s)Joshua Scigala, Philip Scigala
Total assetsIncrease.png 8037 BTC (2016 ) /
Increase.png $6 million USD (2016)
Websitevaultoro.com
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Vaultoro is a hosted web-based eWallet used for sending, receiving, and storing bitcoins. The primary purpose of Vaultoro is to enable anyone to trade into allocated gold instantly and secure that gold in a profesional top-tier audited & insured vaulting facility based in a duty free zone in Zurich Switzerland.

Vaultoro.com is the first live exchange to enable traders to trade between bitcoin and physical gold with other members of the exchange.

Deposits


Withdrawals

  • Bitcoin
  • Physical Gold

Features

  • Real-time trading between physical gold and bitcoin
  • Trade a minimum of 5 cents worth of bitcoin or gold
  • Gold is Audited and insured
  • Bitcoin holdings are publicly audited and help in multi-sig cold storage.
  • Gold is held in the customer's name so if something was to happen to vaultoro clients have full ownership and writes to their gold.
  • No need to verify your identity unless you want to deposit more than $5000 worth of bitcoin per day.
  • 0.5% - 0.2% trading fees depending on traders 30 day volume.
  • All gold is Vaulted in professional bullion vaulting facility within Switzerland's duty-free zone.

History

After a year of development, the exchange was opened for the public in February 2015.

  • Vaultoro is the first real-time bitcoin gold exchange in the world.
  • Vaultoro uses a 100% transparent public audit both of bitcoin and gold holdings while keeping clients identities private.
  • Joshua Scigala, one of Vaultoro's co-founders lost money to the MtGox crash. This inspired him and his co-Founder Philip Scigala to develop an exchange that could be radically transparent.
  • In mid-February 2015, Vaultoro secured a 100,000 Euro seed round of private funding.

Transparency and Auditing

  • All bitcoin and gold holdings can be audited publicly. The bitcoin are audited via that blockchain, and the Gold is audited publicly and privately.
  • Vaultoro’s open auditing system works as follows.
  1. All clients receive an anonymous client ID
  2. All anonymous client ID’s and holdings are published and can be verified by everyone without knowing who anyone is.
  3. The client can see the sum of all bitcoin and gold holdings and compare that to vaultoro's gold auditing statements and vaultoro's warm and cold wallets
  4. The gold holdings are audited by BDO
  5. Clients can verify the insurance certificate

See Also

External Links

References