Let’s face it the idea of a digital gold currency is certainly not a new concept. In fact, it was back in 1995 that the first gold-backed cryptocurrencies, E-Gold was born. While millions began to adopt this idea, the platform was quickly shut down. To avoid a repeat in history, you might wonder where these coins can be purchased with the hope of staying in for the long haul.
As of right now, gold-backed cryptocurrencies can typically be purchased from the token creator directly or from a cryptocurrency exchange.
Exchanges to purchase gold-backed Cryptocurrencies
There are hundreds of cryptocurrency exchanges, sometimes with hundreds of coins offered on each. Therefore, the best way to find an exchange that sells the currency you are looking for is to check out the token creator’s website. If you don’t have a coin in mind, here are some of the platforms that offer at least one gold-backed cryptocurrencies.
One of the most well-known crypto exchanges for specialized trading in precious-metal backed cryptocurrencies is the platform, GoldExchange. On GoldExchange, users can purchase GoldCoins with a debit or credit card.
GoldCoin has recently shared that their tokens would also be available on the platform CryptoExchange. The CryptoExchange platform specializes in escrow services for crypto transactions and has a reputation for having a dedicated support team available 24 hours a day.
The BlockBen platform hosts a blockchain, virtual wallet, a variety of smart contracts and associated wallets, and an in-house blockchain for the cryptocurrency BlockNote. Using BlockBenPay Wallet, traders can purchase BlockNote tokens with 100% gold backing and Blockstock tokens with 10% gold backing.
Another well-known cryptocurrency exchange is Blockchain.com. This trusted site has made the gold-backed cryptocurrencies, DGLD, available in two pairings, DGLD/BTC and DGLD/USD.
On EtherDelta, an exchange targeted at Ethereum stablecoins, traders can find the Moscow-based stablecoin GoldMint (MNTP) available for purchase.
Gold-backed Cryptocurrencies for purchase by the creator
As previously mentioned, gold-backed Cryptocurrencies can be purchased directly from the creator’s website. Here are some of the most popular gold-backed cryptocurrenices and their associated websites.
GoldCoin is an ERC-20 gold-pegged stable coin built on the Ethereum network. After over 20 years, the platform has continued to offer easy entry and high security. GoldCoin is available for purchase directly on their website, goldcoin.com.
Anthem Gold is a cryptocurrency developed by Anthem Vault Incorporated. Each AGLD token is backed by a single gram of physical gold and is completely insured. Anthem gold can be purchased directly on anthemgold.com.
Each DGLD token is the equivalent of 1/10 of a fine troy ounce of gold and was created by a consortium between CoinShares, Blockchain, and MKS in Switzerland. Tokens can be purchased on the creator website, DGLD.CH.
Tether was once known for its USD-backed stablecoin. More recently, they have released tokens representing one troy ounce of gold held in a Swiss vault. Tether Gold (TAUt) tokens reside on the Ethereum blockchain and can be purchased from the Tether website, Tethergold.com.
MeldCoin (MELD) was created by an Australian tech startup that aspired to revolutionize the buying and selling of gold by integrating today’s gold supply chain. There are two different meld tokens, one with a gold backing in a 1:1 ratio with 1 gram of gold and a security token that earns gold through each transaction. Purchases of these tokens can be made through their website, meld.gold.
GoldMint (MNTP) tokens offer pawnshop loans backed by gold in the Proof of Stake blockchain. The platform itself is built on a private blockchain, and tokens are available on the website goldmint.io.
AurusGold (AWG) is a UK-based company that offers fully collateralized tokens, where each token is redeemable at any time for 1 gram of gold. AurusGold is available on its website, aurus.io.
Buy Gold-Backed Cryptocurrencies Today
This list is far from exhaustive, as new gold-backed stablecoins continue to be launched every day. We encourage you to use this list as a starting point for locations to consider which tokens make the most sense with your overarching investment strategy, rather than an exhaustive list of all the gold-backed stable coins available.