In today's volatile economic landscape, gold remains one of the most sought-after assets for wealth preservation. But how can we make investing in this precious metal more accessible and convenient for the modern investor?
Bullionz, launched in 2023, offers an innovative solution by bridging the gap between traditional physical gold investments and digital technology. The platform is designed for investors seeking to balance conventional gold investment methods with modern financial instruments.
A key advantage of Bullionz is its commitment to transparency and regulatory compliance. The platform operates under the supervision of Bulgarian and Lithuanian financial regulators, holds status as a licensed gold investment dealer, and maintains all necessary permits for digital asset operations. Their digital gold token, BTXG, has received authorization from Swiss So-Fit/FINMA.
How does the platform facilitate gold investments? What tools does it offer for investment management? What security guarantees does it provide to its users? We'll explore these and other crucial questions in our comprehensive review.
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Bullionz Exchange: An Ambitious Project at the Intersection of Traditional and Digital Finance
Founded in 2023, Bullionz positions itself as an innovative platform combining the advantages of traditional and digital gold investments. The idea is ambitious: to offer investors a convenient tool for working with both physical gold and its digital equivalent – the BTXG token.
The platform promises a wide range of trading tools and high-level security. The developers emphasize the reliability and transparency of all operations. However, like any new project, Bullionz needs time to establish itself in the market and validate its stated features.
Key highlights:
According to the developers, exchange clients benefit from flexible trading tools, high liquidity, customer support, and global gold delivery options.
Name | Bulionz |
---|---|
Website | www.bullionz.com |
Exchange type | Centralized |
Regulation | Under regulatory supervision of Bulgaria and Lithuania |
Taker’s fee | Gold - no fees; Cryptocurrencies - 0.15% |
Maker’s fee | Gold - no fees; Cryptocurrencies - 0.15%. |
Demo account | Yes |
Minimum deposit | Not available, but minimum gold purchase volume = 1 gram, minimum cryptocurrency purchase/sale volume - equivalent to $50 |
BTC withdrawal limits | No |
USD withdrawal limits | No |
Withdrawal in Fiat | EUR, USD and other currencies (automatic conversion) |
Time frame for account opening | 5 minutes |
Leverage | No |
Markets | Precious metals market (gold), More than 200 cryptocurrencies |
Passive income options |
Deposit for investors Referral program |
Customer support languages | English |
Withdrawal fee | 2% (payment services/bank fees) |
Deposit methods | Bank transfer, bank cards, payment systems, cryptocurrencies |
Withdrawal methods | Bank transfer, bank cards, payment systems, cryptocurrencies |
Account currencies | USD, EUR, cryptocurrencies |
Promos | No |
Trading Fees
Since Bullionz is not a traditional cryptocurrency exchange in the conventional sense, there are no separate fees for takers and makers. The exchange's support team states that the average commission for buying and selling cryptocurrencies is only 0.15% of the transaction amount.
For those buying gold, there are no fees at all. Investors pay the price shown on the website (current market rate).
Deposit and Withdrawal Fees. The exchange itself does not charge additional fees. However, when depositing and withdrawing funds, you will incur minor additional costs due to bank or payment system rules.
For example, deposits through payment systems and e-wallets incur a 1.5% fee. However, there is a way to save: deposits via bank card or transfer are fee-free.
The withdrawal fee is 2% of the amount, regardless of the payment method.
Bullionz was established in 2023 and is registered in Bulgaria.
In our assessment, the company's founders strive to make this service user-friendly while ensuring the protection of user funds. The developers state that the platform is managed by AG Bullions - a licensed and registered Gold Investment Dealer. Additionally, according to the user agreement, Bullionz holds a Lithuanian Virtual Asset Service Provider (VASP) license with code 306321553, and the BTXG Token is authorized by Swiss So-Fit/FINMA under registration number 1459.
Key Security Aspects:
The crypto exchange also implements a KYC (Know Your Customer) system aimed at preventing financial crimes, including money laundering and fraud. This process includes mandatory identity verification for all users before they can begin trading on the exchange. Notably, unlike many cryptocurrency exchanges and trading platforms, verification here is mandatory for operation (except in demo mode). This is likely due to Bullionz's emphasis on gold trading, which requires additional user verification.
The developers also state that Bullionz provides insurance coverage for physical gold during transportation and storage to minimize risks associated with asset movement and safekeeping.
This cryptocurrency exchange is unique in that it combines the cryptocurrency market with the precious metals market. Users can trade digital assets, the BTXG token (which is pegged to gold), as well as buy and sell physical gold. Let's examine the opportunities each market offers to traders.
Bullionz | Binance | |
---|---|---|
Total number of cryptocurrencies* | 200+ | 387 |
Total number of trading pairs | 200+ | 1689 |
Bitcoin | Yes | Yes |
Ethereum | Yes | Yes |
Altcoins | Yes | Yes |
Futures | Yes | Yes |
Cryptocurrency funds (basket of cryptocurrencies in one lot) | No | No |
NFT | No | Yes |
Tokenized gold | Yes | No |
On Bullionz cryptocurrency exchange, trading is available in cryptocurrency pairs with USDT, meaning you can buy and sell popular digital coins using the stablecoin pegged to the US dollar. Cross-pairs, such as BTC/ETH, are not available on the platform.
BTXG is an ERC-20 standard token which, according to the exchange creators, is stored in secure wallets. The website states that each BTXG token is backed by one gram of physical gold stored in fully insured vaults. This innovation allows users to own physical gold without the hassle of storage, insurance, and additional costs, while leveraging the advantages of blockchain technology.
The Bullionz platform provides investors with the ability to both trade BTXG tokens and exchange them for physical gold. This flexibility allows investors to benefit from digital asset liquidity while maintaining the option to switch to traditional forms of capital storage.
The BTXG token opens up broad investment opportunities for platform users. Its main advantage is making gold accessible to ordinary investors (even those with small capital), not just major market "sharks" who have access to commodity exchanges and futures trading. At least, this is how Bullionz creators present the platform - and we believe that this founders' concept truly deserves significant attention.
How to Trade the Token? In the Bullionz Personal Account, there is a main menu (dashboard) where you can quickly purchase the desired amount of gold tokens. Since BTXG is pegged to gold, and the minimum volume for purchasing this metal on the platform is 1 gram, you can buy from 1 token.
The token can be traded on the Bullionz Exchange platform by placing buy and sell orders. However, keep in mind that margin trading is not available. This project is aimed more at investors and medium-term traders rather than day traders and scalpers.
The exchange website contains extensive information about the BTXG token. In particular, it states that it provides traders with additional advantages:
BTXG is an innovative solution, and if the platform creators have indeed managed to implement it fully, Bullionz may soon make a significant impact in the market.
The Yield BTXG program offers investors the opportunity to earn passive income based on their assets and trading activity. Users receive additional rewards for each transaction made through the common pool. This makes the exchange an attractive tool for long-term BTXG token holders, allowing them to increase their potential earnings.
Those who tokenize gold purchased on the exchange (invest it in BTXG token) can access rewards of up to 10.8%. The reward percentage varies monthly from 0.5% to 0.9%, depending on the volume of tokens in your account. You can pause participation in the Yield program at any time without any penalties for early exit.
According to the program creators, income does not depend on whether the gold price rises or falls: as long as the client has BTXG in their account, they will remain profitable.
Bullionz offers an affiliate program that allows participants to earn commissions by promoting the platform for cryptocurrency and digital gold investments. Partners receive rewards for each new client. The more successful referrals, the higher the income.
Program participants can track their performance through their personal account. Real-time data on clicks, conversions, and earned commissions is available, helping to improve results. The company provides marketing tools (links, banners, social media content) free of charge.
To start trading or investing with Bullionz, you first need to register on the company's website to create a Personal Account and open a trading account.
The registration process appears straightforward; however, since the project is still developing, you may encounter certain nuances. For example, when opening the registration form, an error message may appear on screen, which can be easily closed and doesn't interfere with further progress. Note that this was observed at the time of writing this review, and it's quite likely that developers have already fully resolved this issue.
Additionally, based on our experience, we recommend accessing registration through a direct browser link (not through links forwarded via messengers, for instance - as this may cause registration to work incorrectly).
Please note that Bullionz has restrictions on account opening from certain countries and regions. These include: Afghanistan, Albania, Barbados, Belarus, Botswana, Burkina Faso, Burma, Burundi, Cambodia, Cayman Islands, Central African Republic, Crimea, Cuba, Democratic People's Republic of Korea (DPRK), Democratic Republic of the Congo, Ghana, Haiti, Iran, Iraq, Jamaica, Lebanon, Libya, Mali, Malta, Mauritius, Morocco, Myanmar, Nicaragua, North Korea, Pakistan, Palestine, Panama, Philippines, Russian Federation, Senegal, Somalia, South Sudan, Sudan, Syria, The Bahamas, Trinidad and Tobago, Uganda, United States of America, Vanuatu, Venezuela, Yemen, and Zimbabwe.
Enter your first and last name
Provide a valid email address (you'll receive account password via email)
Provide your phone number
Answer security and compliance verification questions:
Confirm that you have no illegal sources of finance and are not involved in corruption or fraud (check the boxes)
Confirm that all information provided is correct
Note that such a detailed registration questionnaire is not typical for crypto exchanges. Most exchanges only require a phone number and/or email. However, since Bullionz positions itself as a platform that deals with gold (including physical gold) in addition to digital currencies, there is a need for more detailed customer verification.
After completing these steps, your Bullionz Personal Account will be automatically created with a demo account already set up. You can then choose any type of real account (e.g., cryptocurrency account), create and fund it.
Verification is not mandatory for exploring Bullionz features. You can view real-time quotes; however, full trading and investing capabilities require identity verification.
To complete verification on the Bullionz platform, follow these steps:
1. Register on the Bullionz platform (if you don't have an account yet)
2. Complete the identity verification process (KYC - Know Your
Customer)
For Individuals:
For Legal Entities:
Important Notes:
After uploading all required documents, the verification process typically takes up to 5 business days. Once your account is verified, you will have full access to the Bullionz platform functionality.
You can open a Bullionz account in both cryptocurrencies (over 200 available) and fiat currencies EUR, USD. The following deposit methods are available to clients:
Note that bank cards and wire transfers are the most cost-effective methods (0% commission). The same methods are available for withdrawals, with a 2% commission fee.
Transaction processing speed depends on the payment method: cryptocurrency transfers are typically almost instant, while bank transfers may take several hours.
The Bullionz platform operates 24/7, providing users with continuous market access. Platform participants can use the online platform without needing to download it to their smartphone or computer. Trading is accessible from anywhere—simply log into your Personal Account.
The platform is intuitive, so if you're new to cryptocurrency trading, you'll find it easy to understand how to, for example, buy Bitcoin or sell Polkadot.
Traders have access to candlestick charts for each cryptocurrency pair with the ability to scale timeframes from 1 hour to 1 month. When hovering over each candle, the opening and closing prices are displayed, along with price maximums and minimums.
Generally, this information is sufficient to track trends and choose suitable moments for buy or sell transactions. However, it would be desirable to have the ability to switch to other chart types (bar, line), access smaller timeframes, and use analytical tools—features that are not yet available. We hope that over time, the developers will improve the trading platform and adapt it to meet the requirements of more demanding traders.
A convenient platform feature is the Watch List-a compilation of the most prominent cryptocurrencies worth paying attention to at the moment. This serves as a helpful hint for those looking for quick and profitable trades.
Bullionz platform provides its users with limited but useful analytical tools for successful investing, primarily in the form of trading tools and market data rather than separate analytical reports.
Subscribers can receive weekly market event reviews via email. These materials contain analysis of current trends and key events affecting the market.
Additionally, for prompt response to market opportunities, Bullionz sends brief analytical tips via WhatsApp. Users receive asset charts with recommendations on currently profitable investment opportunities. This format helps users stay informed about current trends and make balanced decisions.
The Bullionz platform is designed for users who have at least some familiarity with the crypto market. The exchange does not offer training programs for beginners, so if you've never traded digital assets before, we recommend first gaining some knowledge in this field.
Bullionz users can receive help and support from platform managers. Questions can be asked through a pop-up window on the exchange website, and after registration, you can also communicate with a specialist via WhatsApp messenger.
It's worth noting that the support service operates efficiently and professionally: if you contact them during working hours, you'll receive a response within 1-2 minutes (with rare exceptions when problem resolution requires more time).
You can choose to communicate with managers either through text messages or voice calls. However, please note that support is only available in English. Other languages may be added in the future, but for now, the project is still in its early stages.
Bullionz doesn't offer traditional bonuses. However, there are rewards for trading BTXG tokens, which we discussed in the passive income section. These are additional funds that developers call "zero risk yield," and users will receive them as long as they trade digital gold on this platform.
After analyzing the exchange website, platform, and trading conditions, we can say that Bullionz is not a typical crypto exchange, but rather a promising cryptocurrency project with strong potential for success. The company's developers have united the cryptocurrency market and the gold market through the BTXG token, which gives users the ability to acquire physical gold. Bullionz allows users not only to buy and sell over 200 cryptocurrencies but also to purchase physical gold. Additionally, those who trade the gold token on the exchange platform receive extra monetary rewards.
These features are undoubtedly project advantages. However, it's worth noting that Bullionz is a company that has just entered the market, making it difficult to definitively assess its convenience or reliability. There are some drawbacks, such as the inability to trade cryptocurrency cross-pairs (only available with USDT), and the website and customer support being available only in English.
We hope that in the near future, Bullionz will continue to develop actively, provide clients with the highest level of service possible, and potentially become one of the popular exchanges worldwide.