European bitcoin exchange Bitstamp has informed its European Union clients that it has added physical gold delivery as withdrawal option.
Bitstamp’s gold prices are quoted in USD and updated every 5 minutes, and purchase is only available with USD. Users must have a USD balance in their account before submitting a gold order, and initiate an order in the withdrawal section by clicking gold.
The exchange is offering the service in partnership with Moro & Kunst d.o.o., a precious metals reseller operating in Slovenian, Austrian and Croatian financial market since 1993. Moro exclusively works with Argor Heraeus, Switzerland and The Austrian Mint, Münze Österreich, an 800 year old Vienna-based mint.
The gold delivery service is available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Republic of Ireland, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
The Bitstamp team says that each gold shipment is fully insured, comes with a tracking number and will be delivered within 2 to 5 business days after the order is placed. Personal pickup is also available at the Moro company premises located in Slovenia.