Here's how I decided to diversify part of my holdings.
I was looking for a relatively stable alternative for some time, preferably decentralized, but welp...
Got burned in Nubits (luckily only 200...), and almost in Tether, so I decided to let go of the full decentralized idea and opened an account at Vaultoro - the anonymous, Bitcoin & Gold Trading Vault.
Here's how, it's extremely easy
- Open an Account
- Go To
Deposit/Withdrawal
note: you can desposit up to 9 BTC with an anonymous account per day
You can either directly send Bitcoin, or click Deposit with altcoins to send in Steem for example.
For my convenience I set instant order on deposit, which does exactly the same like Shapeshift.
Exchanges Bitcoin to Gold instantly, be aware that there is a risk of losing some money should the market move in the waiting time until your BTC arrive.
If everything worked, you should see the Transaction popping up in the same Tab
Nice to know:
- They're trying to be fully transparent - See
AuditTab
- You can request physical delivery of 100g Gold Bars
How do you hedge against crypto volatility? Let me know in the comments :)
Disclaimer: I'm a customer and affiliated with Vaultoro