is BitGold A Scam? My Review and Thoughts on it!
Find out the truth about BitGold and determine whether or not it is a scam. Here I am going to give you some thoughts on investing gold as well. So please bear with me until the end as I will explain a bit more..
BitGold Review
Platform Name : BitGold Inc
Website : www.bitgold.com
Founder : Roy Sebag
Price : Free to join
Overall Ranking : 80 Out of 100
What the Program is All About?
This BitGold platform gives you the option to store, acquire and spend gold with ease. I know sometime it can be troublesome to make or receive payments. So within the system, you are able to do things more conveniently. Also what I like about this program is that they give a prepaid card for spending gold at traditional points of sale. Not bad huh?
If you are afraid to exchange from one currency to another, they provide ATM network that can fund the your account with local currency. There will be a locator inside the website which points you to the nearest location of the ATM. Additionally, all gold is fully redeemable as 1kg Bullion Bars or 10g GoldCubes®
BitGold 10g Cubes
BitGold Scam Verification
I would say this platform is not a scam because they do provide many resources to educate the customers. Also, when you want to enter, there is going to be phone verification which filter spammer. Thus the users will be well protected inside. Believe me, you don’t want to live the same house with lots of spams. These can be annoying sometime.
So yeah. It is a legit one my friend. But how about the investment?
Should You Invest in Gold?
This is a debatable question for decades. For the whole story you can read it here, but for myself, I would invest in gold only when there are already stable revenue stream for the rest of my life. You should not think it as an investment but rather a form of protected material in case the paper value dropped badly. Anyway, each person has its own opinion.
That’s all from me.. Hope you can make an adequate decision out of my review. One more thing, please share this information or comment below for your thoughts. I’d love to hear from you!
Your friend,
Edy Chandra
P.S. Want to Know How I Passive Income Stream Online?
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I loved the concept so thought I would dabble in Bitgold. The first test was of course was: could I get my gold? I opened an account and deposited funds. Cutting a long painful story short it too me over one month to receive my 10grams of gold. And I still haven’t received my change. Lots of emails, verifications and excuses. It was horrible experience and I recommend that if anybody wants to buy gold they wander down to their nearest bullion dealer. I was left with no doubt that if TEOTWAWKI comes along that it would be almost impossible to get either gold or money out of BitGold.
Thanks for sharing your experience here with BitGold, Rob.
Yes they are a bit strict and require lots of verification. Anyway, I hope you get the best out of what you’ve invested. 🙂
No, this is completly a SCAM, when you have a lot of gold on your account they close your account and stole all your money, they said: You break our terms of service.
AND NO 1 TERM OF SERVICE broken, they never answer me the emails.
They owe me 1000$
It can be that way where a company comes and goes.
Your best bet is to check their legitimacy and warranty on things you invest with them. Don’t blindly put everything in one basket. Thanks for bringing this up.
Bitgold behaves as a scam becuase:
1. Roy Sebag and Josh Crumb (funders) do not have a technology background and neither their team has the expertise to implement a system as the required.
2. Its Website is not reliable, it is not compatible with mayor browsers (only Google they say). The verification system does not work and the Affiliate system is “collapsed”.
https://www.facebook.com/BitGoldAffiliates
2. Roy Sebag and Josh Crumb do have experience in the financial market, so instead of focusing in the operation of the business they made a PR campaign to get funds using their user base as a “bait” to make public the company as soon as possible. However the average user deposits are US100.00 so they are not trading but testing.
https://www.reddit.com/r/Bitcoin/comments/2u54cc/is_bitgold_inc_a_scam/
I really do not guess how you give the company 80 of 100 unless you had been paid for it.
Hi Lola,
No I didn’t receive any payments from Bitgold. Thank you for sharing your thoughts here. 🙂
I hope others can make an informed decision.
Hey
Is bitgold and bitgold sucesss one thing?
Kind regards
This post didn’t age well.
I received a notification that my account has been CLOSED due to inactivity and a ZERO BALANCE. Even though I only have ONE purchase transaction and I’ve never made a withdrawal.
In one email, the said:
// Your existing BitGold Personal account has simply become a Goldmoney Personal account. You will experience no interruptions or changes to your account, gold balance, settings or tools – they all remain secured as-is. Our changes are meant to convey the new and improved Goldmoney customer experience. //
Well, that turned out NOT to be true as my account is now “suspended” due to ZERO balance.
Avoid these criminals at all costs.