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Day: November 19, 2024

BlackRock Secures Abu Dhabi License to Expand Operations

The United Arab Emirates (UAE) capital, Abu Dhabi, has granted crypto investment firm BlackRock the green card to establish regional settlements. As expected, the Abu Dhabi digital assets regulatory body approved BlackRock’s license on November 18 after satisfactorily passing rigorous regulatory rites and scrutiny. Speaking on the motive behind its expansion into the UAE capital, BlackRock’s Middle East head, Charles Hatami, noted that the region’s crypto-friendly regulatory framework was a significant contributing factor. “Its strategic location, proactive government policies, and commitment to sustainable growth make it ideal for capital markets,” the Middle East head added. BlackRock Chooses AI Infrastructure Ahead Of Digital Currencies Contrary to the conventional crypto-related provisions offered by other digital assets firms operating in the UAE, BlackRock opted to delve into an intriguing dimension. The company channeled its resources into empowering the incorporation of Artificial Intelligence (AI) into the financial market. BlackRock also disclosed its commitment to projecting and supporting upcoming private business enterprises. With the above initiatives, BlackRock aims to strengthen its reach in the Middle East. Considering Abu Dhabi’s position as a leading financial hub, the investment firm hopes to obtain an operational permit from the Abu Dhabi Global Market (ADGM). ADGM’s endorsement implies that BlackRock will join top crypto outlets like Blockdaemon, Laser Digital, and M2 in the ever-bubbling market. Abu Dhabi’s AI Investment Soars On April 16, Microsoft announced it had invested approximately $1.6 billion in G42, an AI firm domiciled in the UAE capital. The massive funding aims to accelerate AI advancement globally and locally. Aside from the significant contribution above, Microsoft has paid close attention to the region’s crypto community complaints. Consequently, it planned on erecting two standard AI institutes that would focus on improving the digital ecosystem and ensuring the accomplishment of significant societal goals. It remains to see how events unfold. However, considering the prevailing atmosphere in Abu Dhabi, BlackRock’s initiative boasts significant successful outcome chances.

Gemini Expands Into France, Strengthening European Presence

After securing a digital asset service provider (DASP) registration in January from the French markets regulator, Autorité des Marchés Financiers (AMF), Gemini finally expanded its operations into the European nation. The exchange’s platform launch in France was part of a strategic initiative for global expansion. After establishing a solid base in France, Gemini will gradually extend its tentacles to other European states. Meanwhile, in an interview, Gillian Lynch, Gemini’s head of Europe, answered a question regarding the exchange’s ambitions in Europe and France. His statement read in part: “Europe has been a strategic market for us for several years. We first opened in the UK and launched our services in various countries. Today, we are present in 20 European markets. In just a few years, Paris has become a real hub for crypto. Successive governments have put in place a clear regulatory framework, which makes this market a no-brainer for us.” 🔴 Crypto platform @Gemini launches in France Europe CEO reveals: "Perfect timing for our entry" Exclusive interview available on @TheBigWhale_ 👇 https://t.co/D5DGthyVL6 — Raphaël Bloch 🐳 (@Raph_Bloch) November 19, 2024 Upgraded Services for French Customers Gemini deemed it necessary to integrate France’s national language into its framework for optimal functionalities. Such an initiative ensures that French indigenes blend naturally with the digital project. Following the launch, Gemini made the deposit, trade, and storage options available to local investors. Consequently, traders can access over 70 cryptocurrency assets on the platform. Apart from providing over 80 trading pairs, the trading outlet adopted the Application Programming Interface (API) framework. The API initiative and trading pair options signify that Gemini supports diversified trading. Moreover, traders will enter the market via conventional payment options such as bank transfers, debit cards, and Apple Pay. Additionally, Gemini upgraded its services to include over-the-counter exchanges (OTC) where users can transact virtual currencies, bypassing the conventional route. Hence, the exchange can process multiple offers simultaneously by leveraging its eOTC framework. Future Expansion Goals According to Gemini’s head of Europe, the trading platform intends to expand its European nations next year. He noted: “First, we plan to roll out our services in France, make sure everything works perfectly, and then, in 2025, invest in marketing across Europe. We’re building on the ‘Martian’ campaign launched in the US with messages like “Go where your dollars don’t go.”

How to Identify Fake Crypto Wallets and Protect Your Assets

Cryptocurrency scams are far more sophisticated than many realize. Scammers often design counterfeit wallets that mimic legitimate ones, using tactics like phishing, malware, and fraudulent apps to deceive unsuspecting users.  According to the Federal Trade Commission (FTC), over 46,000 people reported losing more than $1 billion to cryptocurrency scams between 2021 and 2022.  Falling victim to a fake wallet can result in significant losses of hard-earned crypto assets, making it crucial to know how to spot a legitimate wallet from a fraudulent one.  This blog post will walk you through the steps to verify the legitimacy of your crypto wallet and offer essential tips to avoid wallet scams. Summary What Are Fake Crypto Wallets? Fake crypto wallets are fraudulent applications or services created by scammers to trick users into handing over their private keys or login credentials.  These wallets are designed to look and function like legitimate crypto wallets, making it difficult for inexperienced users to spot the difference. Once a user deposits funds or provides sensitive information, scammers gain control and can steal those funds. Read Also: Top 5 Legitimate Crypto Recovery Companies in 2026 How They Differ from Legitimate Wallets While legitimate crypto wallets provide a secure environment for managing digital assets, fake wallets often lack essential security features and are distributed through unofficial or suspicious channels.  Reputable companies usually back legitimate wallets, offer encryption, two-factor authentication (2FA), and have a strong track record of protecting user assets. Types of Fake Wallets How Do Crypto Wallet Scams Work? These scams follow a systematic approach, relying on a mix of fake websites, phishing emails, and deceptive advertising to lure victims. Below is a detailed breakdown of how these scams typically unfold. Step 1: Scammers Lure Victims Scammers begin by enticing users to engage with fake crypto wallets through various means, including phishing emails, misleading advertisements, and counterfeit websites.  These communications are often designed to mimic well-known wallet providers, making it difficult for users to distinguish between real and fake services. Source: pcrisk Step 2: Users Are Prompted to Input Private Keys or Login Credentials Once users are directed to these fake sites or apps, they are asked to enter their private keys, recovery phrases, or login credentials under the pretext of securing their accounts or accessing their funds.  The design and functionality of the fake app or site may look entirely legitimate, increasing the likelihood that users will comply without suspecting anything is wrong. Step 3: Scammers Gain Control and Steal Funds Once the scammers have access to a user’s private keys or credentials, they can immediately transfer the funds to their own wallet. Since cryptocurrency transactions are irreversible and pseudonymous, it is nearly impossible to recover the stolen funds. Step 4: Scammers Disappear After the funds are stolen, the scammer will typically sever all forms of communication, disappearing without a trace.  Victims are left with no way to recover their funds and no immediate recourse, as the scammers use fake identities and disappear into the anonymity of the cryptocurrency world. Read Also: How to Spot a Crypto Scammer in 2026 Red Flags: How to Spot a Fake Crypto Wallet Scammers use sophisticated tactics to mimic legitimate wallets, but several red flags can help you differentiate between real and fake wallets. Here’s how to spot them: Untrustworthy URLs and Download Sources One of the easiest ways to fall victim to a fake wallet scam is by downloading a wallet from an untrustworthy source.  Scammers often set up websites with almost identical URLs to legitimate wallet providers, making it difficult to tell them apart.  These counterfeit websites may rank high in search engine results or be promoted via ads on social media platforms. Inconsistent or Unknown Developers A legitimate crypto wallet should have transparency about its development team. If a wallet is developed by unknown individuals or lacks any credible information about its developers, that’s a major red flag. Inadequate Security Features Security features are one of the most critical aspects of any legitimate crypto wallet. Fake wallets often lack basic security measures like two-factor authentication (2FA), encryption, or password protection, leaving your funds vulnerable to theft. Suspicious User Interface A wallet’s user interface (UI) can also provide clues about its legitimacy. While fake wallets may attempt to replicate the design of trusted ones, they often fail to match the same level of quality. Can Fake Wallet Scams Work on NFTs? Image source: chaindebrief As the popularity of NFTs (non-fungible tokens) continues to grow, scammers have found ways to target NFT users through fake wallets, just as they do with cryptocurrencies.  Since NFTs are stored in crypto wallets, scammers can use similar tactics to deceive NFT holders into compromising their digital assets. Here’s how fake wallet scams can affect NFT users and how to avoid falling into these traps. Overview of NFT-Related Fake Wallet Scams Just like with cryptocurrencies, these fake wallets aim to steal users’ private keys or trick them into sharing sensitive information.  Once scammers gain access to a user’s private keys, they can transfer NFTs or any associated funds without the user’s knowledge or consent. NFT wallet scams can happen in various ways: Examples of NFT-Related Wallet Scams Here are some notable real-life examples of NFT-related wallet scams: 1. Fake NFT Marketplaces In 2022, scammers launched a fake version of the popular NFT marketplace, OpenSea. Users were directed to the fake website via phishing emails and ads.  Once users connected their wallets and provided private keys, the scammers gained access to both NFTs and other crypto assets. This resulted in users losing valuable assets without realizing they were on a fraudulent site. 2. Airdrop Scams A notable case involved fake NFT airdrop from a supposed new project. Users were promised free NFTs and encouraged to connect their wallets to claim the reward as shown in the screenshot above.  However, the transaction they signed gave the scammers control over their wallets. This led to significant losses, as users unknowingly authorized wallet access to the scammers. 3. Fake

How to Choose the Best Crypto Automated Trading System

How to choose the best crypto automated trading system

The markets never sleep, and it often feels like neither should you. You’re constantly glued to your screens, watching prices bounce up and down like a wild roller coaster. One minute, you’re on top of the world; the next, you’re in a cold sweat, wondering if it’s time to sell everything. And let’s not even mention the times you missed a golden opportunity because you dared to catch some sleep. Sound familiar? You’re not alone. Crypto trading can be a wild ride, leaving many traders overwhelmed, exhausted, and prone to costly mistakes. But what if there was a way to trade 24/7 without losing sleep? What if you could make lightning-fast decisions based on mountains of data without breaking a sweat? That’s where this guide comes in. We’re going to walk you through the maze of crypto-automated trading systems and help you find your perfect match. By the time we’re done, you’ll know exactly what to look for, which platforms are worth your time, and how to use them without risking your crypto. Let’s begin! Key Takeaways What are Crypto Automated Trading Systems Crypto-automated trading systems, or trading bots, are software programs that use various indicators and trading strategies to execute trades on cryptocurrency exchanges automatically. These systems can analyze market data, interpret trends, and make trading decisions based on predetermined rules set by the trader. Key components of automated trading systems include: Benefits and Risks of Automated Trading The global crypto trading bot market is projected to grow from $910.3 million in 2021 to $1902.5 million in 2028. As of 2023, the market size is approximately $1.3 billion, with projections indicating it could reach $4.9 billion by 2030.  However, there are benefits and risks of automated trading, which include: Also Read: Blockchain Transaction Speed and Cost Stats: What You Need to Know Benefits: The primary benefits of automated trading systems include: 24/7 Trading Automated bots operate continuously, allowing traders to capitalize on opportunities in global markets that operate 24/7, like cryptocurrency and forex. This ensures no trade opportunities are missed, even when the trader is asleep or unavailable. Emotion-Free Trading By executing trades based on predefined rules and strategies, automated systems remove emotional influences like fear or greed from trading decisions. This results in more consistent performance, particularly in volatile markets where human traders may overreact to short-term fluctuations. Speed and Efficiency Automated trading bots can analyze and execute trades across multiple markets in milliseconds significantly faster than any human trader. This speed is particularly advantageous in markets where timing is crucial, such as high-frequency trading. Backtesting Many automated trading systems come with backtesting features, allowing traders to test their strategies using historical data before risking real capital. This helps identify the viability of strategies in various market conditions, though it’s important to note that past performance doesn’t guarantee future success. Diversification Automation allows traders to manage multiple strategies and assets simultaneously, creating diversified portfolios across various asset classes. This reduces risk exposure, as losses in one market can potentially be offset by gains in another. Risks: The risks of automated trading systems are multifaceted and include: Technical Failures Automated systems are highly dependent on reliable software and hardware. Connectivity issues, server outages, or software bugs can result in missed trades or unintended losses. For example, a system failure during a high-volume trading period could lead to significant financial exposure. Over-Optimization Often, traders over-fit their algorithms to historical data through backtesting, where a strategy appears flawless on past market performance but fails to replicate similar results in live trading. This occurs because the system is too tailored to past data, ignoring market variability and unseen factors. Limited Adaptability Automated trading bots excel in stable market conditions but can struggle during sudden market changes or unexpected “black swan” events. Their inability to respond to market sentiment or unforeseen global events may lead to substantial losses, as they are primarily programmed for predefined scenarios. Security Risks Automated systems are a prime target for cyberattacks. Poorly secured systems can expose vulnerabilities in APIs, data storage, or transmission, leading to hacking, theft of funds, or manipulation of trading algorithms. Ensuring robust security protocols is essential for protecting against these risks. Dependency on Automation While automated trading can boost efficiency, traders risk becoming overly reliant on these systems. This reliance can erode their understanding of market dynamics, reduce the development of critical trading skills, and weaken their ability to intervene during system failures or unusual market conditions manually. Key Factors to Consider When Choosing a System When evaluating crypto-automated trading systems, consider the following factors: Combine Multiple Time Frames for Accurate Breakout Predictions Use Multiple Time Frame Analysis (MTFA) to gain a comprehensive view of the market and increase the accuracy of your breakout predictions. This involves analyzing charts on different time frames, from higher to lower, to identify potential breakout setups. Utilize Volume Profile Analysis for High-Probability Trade Setups Incorporate Volume Profile analysis into your breakout strategy to identify key support and resistance levels based on trading activity. This can help you identify high-probability trade setups and better understand the market structure. Implement Breakout Confirmation Strategies to Avoid False Signals Use strategies like waiting for a candle close beyond the breakout level, looking for increasing volume, and monitoring price action to confirm breakouts and avoid false signals. Leverage Order Flow Analysis for Market Insights Study buying and selling pressure in the market to predict potential breakouts. This can involve analyzing order book data, market depth, and time and sales to gain insights into market dynamics. Develop a Risk Management Strategy for Maximum Gains Always use proper risk management techniques, such as setting stop losses, using proper position sizing, and having a clear risk-reward ratio to limit potential losses and maximize gains in cryptocurrency trading. Related: Is Peer-to-Peer Crypto Trading Legal? Top Crypto Automated Trading Systems in the Market While the “best” system can vary based on individual needs, here are some popular and reputable options: 3Commas 3Commas is known for its user-friendly

Your Complete Guide to Using Crypto ATMs: Simple Steps to Get Started

Using crypto atms

In 2023, there were over 35,000 Bitcoin ATMs worldwide, with the U.S. alone having more than 30,000. These ATMs let people buy and sell cryptocurrencies with cash or cards, unlike online exchanges. Cryptocurrency is here to stay and is fast transforming how we live and do business. Unlike traditional ATMs, which are linked to a bank account, crypto ATMs connect directly to a cryptocurrency exchange. This enables you to convert their digital assets into cash or vice versa. Learning how to use crypto ATMs is essential to understand that they function as a bridge between the digital and physical worlds. In this article, we will explore how to buy and sell crypto using crypto ATMs. Key Takeaways What is a Crypto ATM? Traditional ATMs are tied to your bank account, allowing you to withdraw or deposit cash. In contrast, a Crypto ATM deals with digital currencies, letting you either buy crypto with cash or sell it for cash. Instead of linking to a bank account, Crypto ATMs connect to the blockchain to enable transactions. Cryptocurrencies supported by ATMs The cryptocurrencies supported by ATMs depend on the operator and producer of the ATM. Most Crypto ATMs support popular currencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Some machines also support other altcoins like Bitcoin Cash (BCH), Dash (DASH), or Monero (XMR), depending on where you are. Blockchain and Crypto ATMs Crypto ATMs do not work like traditional ATMs connected to a bank. Instead, they interact with the blockchain, a decentralized digital ledger.  This interaction with the blockchain ensures that the transactions are transparent, secure, and immutable.  Differences Between Crypto ATMs and Traditional ATMs Crypto ATMs Traditional ATMs Buying and selling cryptocurrencies like Bitcoin, Ethereum Dispersing cash from bank accounts in local currencies Connects to a cryptocurrency wallet Connects to a bank account Higher fees, often including transaction fees and exchange fees Lower fees, determined by the bank Employs biometric authentication and cold storage for crypto Royner relies on PIN-based authentication and hot wallets Step-by-Step Guide: How to Use a Crypto ATM Locate a Crypto ATM Several websites and apps specialize in locating crypto ATMs. Coin ATM Radar is a popular option to help find a crypto ATM near you. These apps often offer real-time updates, maps, and additional features. Enter your location to narrow down the search results. Some apps can use your device’s GPS to automatically detect your location. Check if the ATM supports the specific cryptocurrency you want to buy or sell. Compare fees to find the most cost-effective option. Verify the ATM’s operating hours and availability. Preparing Your Digital Wallet Ensure you have a digital wallet app installed on your smartphone. Generate a new receiving address or have an existing one ready, which is a long string of letters and numbers. Using a secure wallet is essential for protecting your cryptocurrency when interacting with crypto ATMs. Buying Cryptocurrency via a Crypto ATM The interface should be similar to a traditional ATM. Select the option to buy crypto on the ATM screen. Pick the cryptocurrency you want to purchase. Input the amount of crypto you want to buy or the amount of cash you will use. In some cases, the ATM may require you to provide identification, such as a driver’s license or passport. It is to comply with anti-money laundering regulations. Use the ATM scanner to read the QR code from your wallet app or manually enter the wallet address. Insert the required amount of cash into the ATM. Some machines also accept crypto cards. Review and confirm the transaction details on the ATM screen. The ATM will usually print a receipt with transaction details. Keep this for your records. After a short period, check your digital wallet to confirm that the purchased crypto has arrived. Selling Cryptocurrency via a Crypto ATM Insert your cash into the machine and select the “Sell” option. Select the cryptocurrency you want to sell from the available options. Specify the amount of cryptocurrency you wish to sell. The ATM will generate a QR code. Scan this code with your wallet app. Review the transaction details and confirm the sale. Once the transaction is complete, the ATM will dispense the equivalent cash amount. Benefits of Using Crypto ATMs Crypto ATMs offer a convenient and accessible way to buy and sell cryptocurrencies. Here are some of the key benefits: Availability Crypto ATMs have widespread availability in many countries and are increasingly common in public places like shopping malls, grocery stores, and gas stations. It has made cryptocurrencies more accessible regardless of location. Secured Crypto ATMs are equipped with security features like biometric scanners and surveillance cameras to protect against theft and vandalism. While some ATMs may require simple identification, the level of personal information shared is less than that needed for online exchanges. In some cases, you can purchase crypto anonymously, especially for smaller amounts. Accessibility and Full Control You can directly use cash to purchase crypto, making it convenient for those who prefer physical currency. Buying or selling crypto through an ATM is often faster than online exchanges, especially for smaller amounts. You do not need a traditional bank account to use a crypto ATM, making it accessible to a larger audience. Unlike some online exchanges, crypto ATMs rarely hold your funds. It means you have full control over your crypto assets. For example, you are traveling abroad and want to purchase Bitcoin. You can locate a crypto ATM with ease, insert cash, and receive Bitcoin directly to your wallet without a bank account or complex online registration processes. Fees and Transaction Limits Crypto ATMs have higher fees compared to online exchanges. This is because of the added operational costs associated with running a physical machine, including maintenance, security, and regulatory compliance. Crypto ATM fees often range from 5% to 23% per transaction. These fees are influenced by: Transaction Limits for Crypto ATMs Transaction limits vary depending on the operator and location. You can transact on the crypto ATMs for as

Can Gold-Backed Crypto Replace Physical Gold in Investment Portfolios?

Can Gold-backed replace physical Gold

Gold has long been a glittering symbol of wealth, security, and timeless value. From ancient kings stockpiling it in vaults to modern investors holding it in their portfolios, gold has remained a cornerstone of investment strategies—and something you could even bury in your backyard if times get tough. But today, investments are evolving. Gold-backed crypto offers a digital twist on one of the oldest assets in history, combining the enduring stability of gold with the speed and convenience of the digital age. Imagine owning gold without the need for a massive vault or a high-tech security team. Instead, you hold a digital token that’s fully backed by real, tangible gold. But here’s the real question: Can gold-backed cryptocurrencies take the place of physical gold in your investment portfolio? Let’s dive into this digital gold rush and discover whether the virtual version shines as brightly as the real thing. Read Also: Bitcoin vs Gold: Which is the Better Inflation Hedge? Key Takeaways What Is Gold-Backed Crypto? Source: Freepik Gold-backed crypto is a type of cryptocurrency backed by something tangible and old-school: physical gold. Think of it as a digital token representing ownership of actual gold stored in a vault somewhere. Instead of dealing with physical coins or bars, you get a crypto token tied to the value of gold. For every token of gold-backed cryptocurrencies you own, there’s an equivalent amount of actual gold sitting safely in a vault somewhere, waiting for you. These tokens are stored on a blockchain (a super-secure digital ledger), so you can buy, sell, or trade them just like you would with regular crypto, but with the solid value of gold backing it up. Some examples of gold-backed cryptocurrencies include Tether Gold (XAUT), PAX Gold (PAXG), Meld Gold (MCAU), Gold Coin (GLC), and Digix Gold (DGX). How It Works “The total market capitalization of all gold-backed cryptocurrencies is around $2.5 billion” This process, called tokenization, turns physical gold into digital pieces, like slicing up a gold bar into tiny, easy-to-trade digital bits. A company or platform takes physical gold, locks it away safely, and then issues tokens on a blockchain. Each token you buy is like owning a tiny (or not-so-tiny) fraction of that stored gold. It’s like saying, “Hey, I own part of that gold stash over there, but I don’t need to lug it around.” You can trade these tokens just like any other cryptocurrency, except instead of wild volatility, you get the solid value of gold backing your investment. Investors can redeem their cryptocurrency tokens for physical gold at any time. It provides a level of assurance and confidence in the crypto’s value. Features of Gold-Backed Crypto Gold Backed Cryptocurrencies have unique properties that make it stand out. Stability Meets Liquidity Gold is famously stable and has been a safe-haven asset for centuries. With gold-backed cryptocurrencies, you get the same stability that physical gold offers and also the fast, flexible trading perks of cryptocurrency. You can move these digital gold tokens quickly and easily, without worrying about vaults or transportation fees. Think of it as turning your bulky gold into a high-speed, digital asset. Borderless Gold Ever tried mailing gold across borders? Gold-backed cryptocurrencies help you to trade your gold globally without all the customs headaches. Your gold, now in token form, can zip around the world in seconds. Gold-Backed Cryptocurrencies vs. Other Stablecoins How do gold-backed cryptocurrencies stack up against other stablecoins like the ones pegged to the U.S. dollar (USDT, USDC, etc.)? Backing Asset Traditional stablecoins are usually tied to local currencies like the dollar. Their value stays stable, but they are not tied to anything physically tangible, just government currency reserves. Gold Backed Crypto, on the other hand, is tied to real gold. If local currencies start wobbling, gold holds stronger. It makes gold-backed cryptocurrencies extra appealing during times of economic uncertainty. Inflation Hedge Currency-backed stablecoins are great for minimizing crypto volatility, but they are still vulnerable to inflation. If the dollar loses value, so does your stablecoin. With gold-backed cryptocurrencies, you are backed by something that resists inflation – gold. It is like having a digital shield against economic downturns. Long-Term Value Currency-backed stablecoins tend to stay flat because they follow the value of a currency, which can be affected by inflation or interest rates. Gold-backed cryptocurrencies taps into the long-term value growth of gold, which, over time, could appreciate while still offering crypto’s liquidity. You get the best of both worlds: the security and stability of gold with the flexibility and convenience of crypto. It’s gold, but way more convenient. Benefits of Gold-Backed Crypto Over Physical Gold Here are some benefits of gold-backed cryptocurrencies over physical gold. Portability You can easily transfer gold-backed tokens across borders in seconds without securing a convoy or vault. It’s like turning your gold into digital cash that can move as quickly as you can text. Whether you are in New York or Nigeria, your gold goes where you go. Divisibility Gold-backed cryptocurrencies make gold divisible. You don’t need to invest in a full ounce or bar, you can own fractional gold. With just $20 you can own a fraction of gold through gold-backed cryptocurrencies, making gold accessible to smaller investors without the need for hefty sums upfront. Security With gold-backed cryptocurrencies, you don’t need to worry about where your gold is physically stored. Blockchain technology ensures that every transaction is recorded on a transparent, immutable ledger. It means you can verify your gold ownership in real-time with no risk of someone walking off with your physical stash. Cost-Efficiency Storing physical gold comes with steep fees; think vault rentals, security personnel, and insurance. Also, buying and selling physical gold incurs high transaction fees. Gold Backed Crypto cuts out the middleman. No need for expensive storage, no transportation costs, and lower transaction fees mean you keep more of your investment gains. Read Also: Adventure Gold Price: How to Maximize Your Crypto Returns Limitations of Gold-Backed Crypto Compared to Physical Gold Here are some