For centuries, buying gold has been a trusted investment, and it’s no surprise it's seen as the number one safe-haven asset. As currencies lose value rapidly, gold continues to offer a stable and reliable way to protect wealth. If you are interested in the topic of buying gold and digital gold online, then perhaps you already know that there are a lot of methods to do so these days.
In this post we are going to see why Phi Wallet is the most suitable and convenient way to buy gold.
Why Phi Wallet?
So first, Phi Wallet is a certified gold seller with its own gold reserves. Which means that, when you buy gold through the app, you're actually buying physical gold because all digital gold is fully backed by real, physical gold stored in the vault.
It makes buying gold so easy to the level that you can do it in under a minute from your smartphone through the intuitive iOS or Android app.
In other words, with Phi Wallet you can enjoy all the benefits of physical gold without dealing with the hassle, such as verifying authenticity, storage, immediate liquidity, or high fees.
What is Digital Gold?
Digital gold is a digital representation of physical gold that you can buy, sell and store online instead of doing the physical work on your own. You use your funds to buy digital gold that corresponds to the physical gold quantity of your choice.
An accessible form of gold that enables anyone from anywhere to invest in gold for the long term to hedge against inflation and other economic issues.
Benefits of Buying Gold from Phi Wallet
Buying gold through Phi Wallet comes with several key benefits over other merchants. Here's a quick summary:
Digital Gold in your pocket
Phi Wallet sells digital gold, which you can access, buy, store and sell anytime you want from anywhere in the world.
Digital gold does not require that you buy the gold physically on your own, nor that you secure it to keep it safe from thieves. Instead, through Phi Wallet mobile app you can directly buy gold within seconds. you just buy the amount of gold you want via the app, and Phi Wallet takes care of the rest.
You can buy even 0,01 gram 1 Euro/USD worth of gold using Phi Wallet.
Gold Purity
Some gold merchants, whether physical or digital, may not sell you pure gold bullions. In some cases, you may even be scammed if you are not paying enough attention to the seller you are buying from.
The digital gold sold by Phi Wallet corresponds to a physical gold of 99.9% purity and 24 karats, certified by the LBMA (London bullion Market Association), making it one of the highest gold bullions in quality that you can buy.
Physical Gold Request When Wanted
Unlike other methods to buy and obtain digital gold that only allow you to access it digitally, Phi Wallet has a feature where you can request the physical gold bullions that belong to your account as long as they are bigger than 20 grams.
Your gold bullions will be mailed to you in almost any place around the world upon your request.
This is an important feature so that you can make sure that your gold belongs to you at any time, and that there is no vendor lock-in imposed on you when you buy gold from Phi Wallet.
Accessibility
With Phi Wallet you convert your phone into your private gold vault. All what you need is to download the app from Apple Store or Google play. The Phi Wallet app supports switching your cash balance into gold and vice versa, giving you 24/7 access to these operations.
Sharia-Compliant
This might be an important feature for Muslim community; while other ways of buying gold exist, they may not be sharia-compliant (Halal), which could be a big barrier in the face of Muslims trying to have access to digital gold services.
Phi Wallet allocates the gold you buy into your gold account and gives you full ownership of it whenever you shall request it (even physically!), which makes it halal for Muslims to buy and sell.
Blockchain Verification for Operations
Phi Wallet uses blockchain technology to record the operations in its network (buy, sell… etc), which builds trustworthiness in the said operations since they can not be undone from the blockchain or altered.
This means that in the case of any issues that could arise with your usage of the Phi Wallet services, the records for buy & sell operations are always stored safely and accurately. to reflect what operations actually happened in any timeframe.
Fully regulated and audited
100% of the gold reserves at Phi Wallet are audited and insured. This means that you can rest assured knowing that your gold bullions are always in safe hands, and you will always be compensated in any case of physical loss that happens to them, no matter the amount. Gold reserves belonging to Phi Wallet are stored in Le Freeport, 32 Changi North Crescent, Singapore 499643.
Low Fees and Transparent Costs
| Service | fee |
|---|---|
| Buying Gold | 5% |
| Selling Gold | 3% |
| Insurance | Fully insured at no extra cost |
| Storage | Free for the first year, then 0.5% annually (charged monthly) |
| Deposits (within the EU) | Free |
| Withdrawals (within the EU) | Free |
| Deposits (outside the EU) | SWIFT fees apply, covered by the client |
| Withdrawals (outside the EU) | €45 flat fee |
Start Buying Gold With Phi Wallet
To start buying gold right at your fingertips, you just need to download is to use the Phi Wallet mobile app.
Once you register and go through the KYC process, you can start depositing cash into your balance so that you can buy any amount of gold you want.
- Download Phi Wallet: Available for iOS and Android
- Verify your identity: This ensures your gold is solely yours. Watch video tutorial
- Make your first deposit: Deposit into your Phi Wallet account from your EUR bank account. Watch video tutorial
You're all set! Once your deposit is complete, you can buy gold freely, anytime you want and for any amount you choose.
As the value of local currencies is decreasing in many areas around the world, the value of gold is increasing, reaching an all-time high of $2500 per ounce as of the date of this post.
“The best time to plant a tree was 20 years ago, the second best time is now” as the wise man says, and so it applies to buying gold as well; the best time to do it is now!