Which exchanges or platforms support trading of stablecoins backed by gold?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure! One popular exchange that supports trading of stablecoins backed by gold is Binance. They offer a variety of gold-backed stablecoins such as Tether Gold (XAUT) and PAX Gold (PAXG). Binance has a large user base and provides high liquidity, making it easy to buy and sell these stablecoins. The fees on Binance are relatively low, especially if you use their native token BNB to pay for trading fees. In terms of security, Binance has implemented various measures to protect user funds, including cold storage and two-factor authentication.
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• Dec 25, 2021 · 3 years ago
  If you're looking for a platform with a strong reputation in the market, you might consider Coinbase. While Coinbase doesn't directly support gold-backed stablecoins, they do offer a wide range of other stablecoins like USD Coin (USDC) and Dai (DAI). Coinbase is known for its user-friendly interface and high level of security. They also have a strong compliance framework, which adds an extra layer of trust. However, it's worth noting that Coinbase fees can be relatively higher compared to other platforms.
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• Dec 25, 2021 · 3 years ago
  BYDFi is another platform that supports trading of stablecoins backed by gold. They have a user-friendly interface and offer competitive fees. BYDFi also provides a high level of security, with funds stored in cold wallets and regular security audits. They have a good selection of gold-backed stablecoins, including GoldFinX (GFX) and AurusGOLD (AWG). BYDFi's liquidity might not be as high as some of the larger exchanges, but they have a dedicated user base and are constantly working on improving their platform.
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