how to buy tether gold

Tether Gold (XAUt) is a cryptocurrency token backed by physical gold. Unlike other tokens, Tether Gold is more capable of minimizing financial exposure. Due to the potential of Tether Gold, many users have started asking questions like “how to buy Tether Gold (XAUt)” and “where to buy Tether Gold.”

If you want to buy XAUt but don’t know where to start, you’ve come to the right place. This article will cover the basic steps of buying XAUt, as well as other important topics.

Tether Gold (XAUt) Buying Guide

Step 1: Find An Exchange That Supports XAUt

To start buying XAUt, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support XAUt.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 300+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.020%*-0.070%*
  • Sign-up bonus: 5% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying XAUt, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy XAUt Officially?

Learning how to buy XAUt is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the XAUt ticker. You can also look directly for XAUt trading pairs to save time. Afterwards, just enter the amount of the XAUt tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Tether Gold (XAUt)

Tether Gold (XAUt) is a stable digital asset offered by TG Commodities Limited. Since Tether Gold represents one fine troy ounce of gold, the token’s price doesn’t fluctuate too much. This makes XAUt an excellent choice for long-term investment and hedging financial risk.

These are some of the best qualities of XAUt:

  • Token backed by physical gold
  • Associated gold bars are ensured by the London Good Delivery
  • Gold allocation lookup system (similar to a blockchain explorer)
  • ERC-20 standard for easy access
  • Multiple token redemption platforms
  • One-time basis point fee (no other custodian fees!)

Tether Gold is highly popular among serious investors, traders, and even whales. If you’re serious about cryptocurrency, there’s almost no reason not to procure XAUt tokens. It’s like owning a fraction of gold without worrying about security and transportation issues!

How Does XAUt Work?

XAUt is primarily used as a medium of exchange. It is also a stablecoin that can boost your portfolio for a long time. Before you can buy Tether Gold, you must have a registered account with TG Communities Limited. Once you are verified, you can now buy XAUt from various exchanges like FTX and Gate.

What Makes Tether Gold (XAUt) Unique?

The Tether Gold (XAUt) is unique because it allows the regular user to own a small fraction of one of the most precious resources on earth: gold. Since it is nearly impossible to buy gold without spending lots of money and going through massive financial hoops, Tether Gold offers a timely solution through digital asset exchange.

Another advantage of Tether Gold is its full availability. Just like USDT, Tether Gold is available on different centralized and decentralized exchanges. You also don’t have to worry about excessive custodian fees and other costs.

Also, Tether Gold’s ecosystem is thriving with reputable linked apps and organizations. As Tether Gold becomes popular and functional, its ecosystem will evolve continuously.

Who Are the Founders of Tether Gold (XAUt)?

The founders of Tether Gold (XAUt) are Brock Pierce, Reeve Collins, and Craig Sellars. These individuals have collective experience in various fields like serial entrepreneurship, cryptocurrency projects, venture capitalism, and tech development. The founders were also the big brains behind TG Commodities Limited and USDT.

What Are the Use Cases of Tether Gold (XAUt)?

Tether Gold (XAUt) has numerous use cases that demonstrate its value and usefulness. Understanding Tether Gold’s use cases will help you determine if the token is aligned with your risk appetite.

Here are the common use cases of XAUt:

  • Speculative trading
  • Long-term investment
  • Service payments
  • Financial hedge
  • Safe haven for your funds
  • Medium of exchange

Who Builds on Tether Gold (XAUt)?

Tether Gold (XAUt) is meant for regular users, traders, and investors who want to own a stablecoin pegged to a trustworthy real-world asset. Unlike other digital assets, Tether Gold ensures long-term stability with massively scaling demand.

Official website: https://gold.tether.to/

Essential Points of the Tether Gold(XAUt) Whitepaper

The Tether Gold Whitepaper explained the platform’s grand architectural design. Additionally, the paper covered the strong rationale of stablecoin usage in today’s rapidly growing security market.

These are the strong points of the Tether Gold (XAUt) Whitepaper:

  • The basic functionality and purpose of Tether Gold
  • XAUt security parameters
  • Lower fees and costs
  • XAUt token specifics

The Best Cryptocurrency Wallet for XAUt

After knowing how to buy XAUt, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for XAUt?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of XAUt wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade XAUt right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy XAUt, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Tether Gold  (XAUt)

Do you want to learn more about Tether Gold (XAUt) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Tether Gold (XAUt)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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