Coinabul-Professional bitcoin to gold dealer.

A quick glance through the bitcoin forums reveals that many of the currency's supporters are also advocates of precious metals.Coinabul, which aims to create a bitcoin-gold exchange is is looking like it will be of interest to people who like both..
Sept. 22, 2011 - PRLog -- Why Choose Coinabul?
Coinabul gives you the resources you need to secure your earnings wisely whether you are a transaction processor ("Bitcoin miner"), service operator, Bitcoin business owner, or market speculator. We have relationships with reputable gold dealers and special access to Bitcoin liquidity to enable live processing of your orders. Coinabul even utilizes a special shipping infrastructure to ensure that your investment arrives at your doorstep safely. When you see the price on Coinabul, you can be certain that it is always up to date, since we update the spot price of bullion and Bitcoin every single minute of the day.

They provide the reputation nobody else can.
They have done the proper legwork. is the only Bitcoin to Gold resource you should deal with. Coinabul has spent months developing the legal foundation, financial backing, corporate status, and significant software development to make a system that works. We all live in a very tumultuous world; so when you purchase any product with Coinabul you are storing your savings in tangible, financially secure, metals instead of fickle digital or paper options.

Why was Coinabul created?
Coinabul was formed because of the overbearing demand within the Bitcoin marketplace for a bullion merchant, as evidenced by lots of little 'geocities' type services popping up, in conjunction with individuals acting as small gold brokers on the forums. Quite simply, when you're working with large sums of highly volatile commodities, you cannot expect to be successful without a highly complex system capable of ensuring that spot-prices are maintained for your client base. Ounces of gold can change in price by as much as 5%, in as little as an hour, just when using paper currency as the base comparison point. Factor in commodity-to-commodity pricing and you can experience extreme changes in price within tiny timeframes. The sheer difficulty of providing high-quality service, combined with the lack thereof within the marketplace, directly motivated us to develop Coinabul.
The corporate officers in charge of Coinabul come from a background in gold trading, foreign exchange speculation, economics, venture capital, and traditional brick-and-mortar as well as Web 2.0 business development. As a result, they've created a team with the unique ability to make Bitcoin to Gold conversion a reality.
How does the service work?
A proprietary system accepts Bitcoin payment, converts those Bitcoins to USD, and withdraws the dollars to Coinabul’s terrestrial bank account while simultaneously allocating and disbursing your gold from the Coinabul reserves; your metal is always secured at spot price.

When it comes to gold and the Internet, the question of who holds the physical gold is a big issue. How does Coinabul deal with that? Can people obtain possession of the actual metals or does Coinabul simply allow for credits?
Well, the short answer is: both! They have an insured shipping plan for the products, so that the customers are safe from unscrupulous postal workers, and they make sure to send your gold in a nondescript way to ensure that it doesn't draw undue attention. In addition, due to the amazing demand from the client-base, Coinabul is negotiating a contract with audited warehousing services with on-site armed security to enable digital holdings from within our reserves, as well as store gold for clients who request as much.

Will Coinabul expand? Does it have its eye on the existing currency exchanges, expanding into other precious metals, or something else entirely?
Based on the reaction to Coinabul so far, it seems like they will be expanding very quickly to address other market segments in relation to Bitcoin-Metals trade. Coinabul has been in discussions with multiple existing currency exchanges as well as bitcoin mining pools who have expressed interest in working with Coinabul. As far as thesecond question: by no means do they intend to leave out the Bitcoin users with less buying power. Although Coinabul stocks gold denominations as small as 2.5 grams, a large variety of silver bullion will be integrated into Coinabul very soon. Any Bitcoin user should be able to participate regardless of net worth, so they are lowering the barrier to entry by adding additional precious metals to the Coinabul portfolio.

In summary is the first Bitcoin to Gold resource available to the Bitcoin marketplace and
Coinabul uses a proprietary system to secure your gold order at spot, making sure that you get the exact price you want.

# # #

The first professional BTC-to-Gold store! Buy gold with Bitcoins. #Gold #Silver and other precious metals.
Email:*** Email Verified
Tags:Coinabul, Bitcoin, Gold, Market, Metals
Location:San Diego - California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse

Like PRLog?
Click to Share