ORigen: 11Onze offers gold in large quantities

Preciosos 11Onze becomes the first entity in Spain to provide direct access to different African mines for institutions and big companies that want to buy large quantities of gold. In February 2022, 11Onze was already a pioneer in offering its community members the opportunity to buy gold collectively to hedge against inflation.

11Onze is breaking into the international gold market with ORigen: the possibility of buying physical gold in large quantities (from kilos to tonnes) by gaining direct access to several mines in Africa. Preciosos 11Onze is thus taking a giant step forward to be able to directly supply the national and international market with physical gold of the highest quality. The target audience for this product is European gold refineries, jewellers’ associations, large companies and institutional investors, so it is not intended for small investors.

The evolution of the price of gold in recent years has shown why this precious metal is the safe-haven asset par excellence, not only when it comes to protecting our savings, but also for large investors who want to diversify their portfolios when facing economic and geopolitical uncertainty such as the present time.

Preciosos 11Onze

It has been three years since 11Onze became the pioneering financial institution offering physical gold to its community, promoting collective purchases of gold with the aim of making a capital gain from the purchase and sale of this precious metal.

Now the time has come for 11Onze to grow by selling physical gold in large quantities on an international scale. We have the exclusive agreements necessary to guarantee the procurement of gold from the source, mainly with established mines in several African countries such as Mali, Uganda, Tanzania, and South Africa. And we are working to extend our network in South America.

Direct access to African mines

If you want the best product at the best price, you have to go to the source. After three years in the sector, Preciosos 11Onze has been able to launch ORigen.

In this way, Preciosos 11Onze has become the first entity in Spain to be able to provide direct access to gold at source. And we can offer quantities of gold ranging from 10 kg to several tonnes for one-off or recurring purchases. Gold of the best quality and at an unbeatable price, with discounts of up to 27% of the LBMA price.

A purchase with all the guarantees

11Onze Preciosos understands the challenges faced by buyers in this market, especially when dealing with remote and local mining communities. As the buyer’s key facilitator or agent, we provide essential resources to expedite, with all the certificates, this type of commercial transaction.

Our role is fundamental, as we have direct contact with the mines, ensuring a transparent process with all the guarantees. We also take care of all the necessary contracts, documentation, and verification. This is a key step in the process, especially when it comes to buying, transporting and refining large quantities of gold across borders.

11Onze has created a procedure that guarantees that the buyer will receive refined gold of the best quality and at the best price, fulfilling all legal requirements and eliminating any possible stress from the purchasing process. For institutions, jewellers’ associations, refineries or large companies that would like to access more information about ORigen, please contact one of our agents here.

If you want the best gold at the best price, you have to go to its origin. Get direct access to African mines with Preciosos 11Onze.

Tothom es trobarà o s’ha trobat en algun moment de la seva vida amb la necessitat d’adquirir un immoble, però què ens convé més, comprar o llogar? Quina opció ens beneficia més? 

Comprar o llogar és l’etern dilema del sector immobiliari. Hi ha els perpetus defensors, tant d’una opció com de l’altra, amb interminables discussions sobre quina ens resulta més avantatjosa. Al final, però, la resposta és ben simple: depèn. Depèn de la nostra situació i de les nostres necessitats. El que sembla ideal per algú de quaranta anys, amb un treball estable, pot acabar sent absolutament el contrari per a un jove de vint i escaig amb ganes de veure món. Una decisió personal, però que requereix una planificació important. Analitzem la situació actual i les tendències predominants.

Ser propietari, una qüestió cultural?

Aquesta disjuntiva es pot considerar també un tema cultural: el 74% dels catalans viuen en habitatges de la seva propietat, i la resta en habitatges de lloguer. Passa el mateix en molts països del sud, mentre que al nord d’Europa aquests números canvien radicalment: països com Alemanya o Suïssa amb prou feines superen el 40% de propietaris. La tendència d’adquirir una propietat segueix a la baixa, especialment entre el públic jove, que viuen unes perspectives econòmiques que dificulten aquesta decisió.

La compra: inversió a futur

En comprar un pis, sigui en un sol pagament o a través d’una hipoteca, estem invertint en el nostre futur, destinant-hi una part important dels nostres estalvis. Tenir un habitatge de propietat és una inversió a futur, que et permet vendre i recuperar part dels diners en qualsevol moment. De fet, la situació econòmica actual anima a considerar l’opció d’hipotecar-se, ja que el baix nivell en què es troba l’euríbor pot reduir significativament els interessos que pagaríem en cas de contractar una hipoteca. A més, els preus dels pisos, tot i no ser baixos, es pot considerar que han moderat relativament el seu preu després de l’any de pandèmia. 

Adquirir un habitatge equival a ser propietari d’una cosa fixa, material i que sempre estarà allà, i que per tant ens resultarà beneficiós si el nostre pla de futur implica tenir estabilitat: mantenir-nos al mateix lloc durant anys, tenir una feina estable que no ens exigeixi canviar de localitat o que l’espai sigui l’adequat pels plans familiar que tinguem.

El lloguer: llibertat… a quin preu?

El lloguer és l’opció oposada a la compra, i el podem resumir amb les paraules llibertat i flexibilitat: ens permet no estar lligats a cap dels habitatges que escollim, i si en un any volem marxar perquè anem a treballar a l’estranger, venen uns veïns que no ens agraden, o simplement per canviar d’aires, no hi ha cap problema, tret de les condicions particulars que hàgim signat al contracte. Una gestió que també esdevé significativament més econòmica que en el cas de la hipoteca, ja que no necessitarem notari ni gestions legals rellevants. Aquest és un punt clau per als joves o les famílies amb menys recursos que no disposen d’estalvis suficients per realitzar els tràmits d’una hipoteca.

Aquesta flexibilitat amaga, però, un hàndicap important: la duració limitada dels contractes. El lloguer que hem agafat durarà una quantitat determinada d’anys. A partir d’aleshores, és possible que el preu canviï i augmenti. Independentment del barri o població en què vivim, podem trobar-nos en la situació de no poder pagar el nou lloguer, tot i haver estat molts anys pagant regularment uns diners que al final “hem perdut”: no s’han traduït en fer-nos propietaris.

També cal recordar que la llibertat que pot proporcionar un lloguer pot ser un concepte relatiu, ja que hi ha coses sobre les quals no podem escollir, per exemple les modificacions del pis que vulguem fer, per les quals necessitarem el permís del propietari. 

La nostra situació i el nostre perfil són únics

Comprar o llogar poden semblar, i certament són, dos conceptes oposats, però al cap i a la fi, no deixen de ser dues cares de la mateixa moneda: la necessitat de tenir un lloc on viure.

Al final, cada persona és un món, i el que uns poden considerar bàsic, per altres no és més que un luxe innecessari, o fins i tot, un desavantatge. Hem de fer-nos una idea de quins són els nostres plans de futur i, d’acord amb la nostra situació personal i les nostres finances, escollir una opció o altra.

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Quan se’ns parla dels diners es comenta que són covards, que busquen la inversió segura, que fugen de la incertesa, que s’amaguen en aquelles inversions que donen molt rendiment. Però això es basa en uns supòsits simplificats de la realitat que hauríem d’examinar abans de creure’ns tot allò que se’ns diu. I un d’aquests supòsits és permetre que la informació que circula sobre les inversions sigui transparent i fiable

Quan es discuteix sobre “com organitzar” sempre hi ha una certa tendència derivar cap a la macroeconomia. Per exemple, quan es discuteix la viabilitat de l’Estat català, es confonen termes relacionats amb el “mercat” i l’“organització”.  Es diu que Catalunya no és viable perquè no és atractiu el seu mercat per a invertir-hi, referint-se a la mida del territori o al nombre d’habitants. D’altres comenten les dificultats organitzatives, sobretot de manca d’economies d’escala per tenir costos assumibles. Altres, mirant el mercat del deute, diuen que les emissions de deute català no tindrien sortida.

Per començar, la decisió d’una empresa d’invertir a Catalunya pot valorar-se d’acord amb si troba sinergies entre el seu sistema de valors corporatius i els de la cultura catalana (aspecte organitzatiu). I això sí, haurà analitzat abans sí els mercats potencials la fan viable. Per exemple, si es tracta d’un centre comercial, quantificarà si la localitat on se situï té potencial suficient (res a veure amb els habitants de Catalunya, si no del poble o ciutat en qüestió). Una empresa de serveis mirarà si té accés a mà d’obra qualificada i si la situació geogràfica li dona accés a altres mercats.

Invertir amb consciència

Cal observar aquests dies que aquells que valoren les inversions per assessorar a on han d’invertir els diners aquells que en tenen, tampoc es posen massa d’acord. De cop i volta el bo espanyol es qualifica de bo “escombraries”, i la prima de risc s’enfila. Llavors les declaracions d’alguna autoritat competent fan que torni a baixar la prima i sembla que les aigües turbulentes es tornen més tranquil·les. En cas de tenir diners, els invertiria seguint altres consells menys volubles, però suposo que les agències de ràting les formen persones que valoren la informació que reben, i la deuen fer circular de la millor manera possible, és a dir, en realitat, no deixen de ser persones que miren les notícies i les interpreten a la seva manera. Mirem el cas de Catalunya, tots podíem llegir a certa premsa internacional que havia demanat un rescat a l’Estat Espanyol.

Això sí que fa riure. Seria com si jo ingressés el meu sou a un compte de la comunitat de veïns, i la comunitat de veïns em digués que em rescata quan li dic que em doni diners per a pagar la quota de la comunitat. 

El problema arriba quan aquesta informació que es fa circular potser no és tan confiable com caldria, i les opinions acaben essent certeses que tenen conseqüències molt greus en l’àmbit dels interessos que s’han de pagar pels diners que ens deixen.

Tornem a un exemple casolà, seria com si el rebut de la hipoteca d’un mes a l’altra passés de 800 a 1200 euros perquè el meu veí li diu al banc que no podré pagar, i ho diu perquè un botiguer li explica al meu veí que em va fiar la darrera vegada i li dec la factura de la verdura. En aquests moments m’alegro que la meva hipoteca estigui ben firmada davant d’un notari i inscrita al registre de la propietat! També m’alegro de no haver de fer una ampliació d’hipoteca en aquests moments que el veí i el banquer es troben per conversar sobre les meves minvades finances. 

Més organització o menys mercat

Potser la clau és començar a parlar més de direcció d’organitzacions que d’economia de mercats. Perquè la realitat supera la teoria dels mercats perfectes i una de les raons de ser de l’organització anomenada “Estat” és precisament veure com es poden utilitzar els mercats com un instrument per millorar la vida de les persones. Acceptar que els mercats no són espais perfectes d’intercanvi entre individus, sinó que moltes vegades falta oferta, falta demanda, o bé totes dues.

Així que més que dir que els diners són porucs, podríem dir que depèn. Depèn de qui els té, i com és aquella persona, depèn de si creu en la inversió, o senzillament es tracta de diners sense ànima buscant maximitzar beneficis a curt termini, minimitzar riscos i no comprometre’s amb cap projecte concret. 

Molts petits empresaris utilitzen els diners que guanyen per a poder tirar endavant la seva autoocupació i l’ocupació de les famílies que en depenen, arriscant el seu patrimoni, i fins i tot, invertint quan no hi ha finançament garantit per les entitats que l’haurien de garantir. Aquests diners no els veig porucs, sinó més aviat al contrari, són valents. Però anem a pams, moltes de les opinions que escoltem del món empresarial, les fan moltes vegades grans directius, que no arrisquen el seu capital, i que no són estrictament empresaris.

Suposo que els empresaris, sobretot de PIMES, es troben ocupats treballant i intentant treure forces i recursos d’on sigui per a continuar vius i amb esperança. Ja està bé de parlar dels diners porucs i covards, i comencem a centrar-nos en les persones que els tenen a la butxaca i mirem què en fan. Això portaria a un debat molt més fructífer i productiu. I més autèntic.

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Market concerns about the volatility being generated by escalating tensions between Russia and the United States, combined with a subdued dollar, are driving safe-haven assets demand and pushing gold prices higher for the third day in a row.

The decision by Joe Biden’s administration to allow Kyiv to attack targets on Russian territory with US long-range ATACMS missiles has added fuel to the fire of the war in Ukraine and continues Washington’s escalation. This shift in US posture increases the possibility of the armed conflict spilling over the Russian-Ukrainian border.

Given that using these missiles requires the intervention of US military operatives, the Kremlin sees this decision as tantamount to a direct US entry into the conflict. The Russian government’s response merely reiterates what it had already announced a few months ago in the face of the possibility of NATO weaponry being used to attack its territory.

In this sense, following Russia’s confirmation of the first attack with these missiles against a military installation on Russian territory, Russian Foreign Minister Sergey Lavrov said that ‘it is a sign that the West is looking for an escalation’. Meanwhile, President Vladimir Putin has already approved a decree relaxing the requirements for the use of nuclear weapons.

Gold prices hit new highs

Against this backdrop, gold prices are recovering after plummeting to a three-week low in the face of Donald Trump’s decisive victory thanks to strong Treasury yields and a stronger dollar.

This precious metal’s price rose for the third consecutive day, diametrically opposed to the dollar, reaching a one-and-a-half-week high of around 2,500 euros per ounce. This appreciation has been mirrored by the value of other safe-haven assets and by the yield on 10-year US Treasuries, trading around 4.35% on Tuesday.

Although investors remain concerned about the risk of a further escalation of geopolitical tensions between Russia and the United States in Biden’s remaining two months in office, the inauguration of Donald Trump’s presidency is expected to signal the start of a possible negotiation to end the proxy war between these two powers on Ukrainian soil.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.

A report by Future Market Insights indicates that Litigation Funds will grow by 9.6% annually until 2033. The sector attracts the interest of investors due to the combination of high profits, lower risk and social justice. 11Onze, through the Litigation Funding that it offers with a British provider, anticipated the market trend.

Almost two years ago, 11Onze reached an agreement with a British provider to offer the people of La Plaça the possibility of participating in a product that we call Litigation Funding. The vision was simple: there are thousands of stagnant cases because it is necessary to assume legal expenses that people with few resources cannot afford. Would it be possible to finance these cases against the banks and administrations that have abused these citizens? Would it be possible, in addition to doing justice, to make money? The answer is yes, the product works and generates profits of between 9% and 11%. And it is not just 11Onze that claims it, but rather clients who have been generous enough to share their experience with La Plaça, such as Salvador, Dolors and Carme. All of them have participated, perhaps unwittingly, in what is currently considered the cutting edge of the investment sector.

The fashion sector

This is confirmed by a report by the American company Future Market Insights, which in an extensive work documents the evolution and prospects of litigation funds. In the report, they explain that “the market is expanding due to the increasing need for litigation funding from plaintiffs. This is driven by the increase in legal costs, as well as the desire of people and organizations to use litigation investment as a method of making money.” In this sense, they predict that globally, the litigation funding sector will grow at a rate of 9.6% annually until 2033. This, in terms of volume of money, means going from 17.16 billion dollars in 2023 to 43.048 billion ten years later.

Growth during these years will be supported, foreseeably, by a favourable regulatory framework that is facilitating the creation of firms specialized in litigation financing. In addition, large law firms are focusing on detecting cases that may mean quick victories but that, until now, could not be successful due to lack of financing. Currently, in the case of Litigation Funding that 11Onze Recommends, the percentage of victories is above 90% and in no case is the initial capital lost, because it is covered by insurance.

Banks and large investment funds

High returns and low risk have also attracted the big players in the financial world, and several large banks and investment funds are planning to enter the litigation funding sector. In this regard, at 11Onze we can only advise that investors, when receiving a proposal, carefully evaluate the risks and whether the proposal fits with their values. For example, according to the report, there will be a significant increase in litigation funding “in the media and entertainment sector, due to an increase in trademark and copyright infringement claims across the industry. In addition, the growing number of medical malpractice claims is expected to increase demand for litigation funding in the healthcare sector.” Which lawsuits the investor wants to participate in and what percentage of victories they guarantee is a matter that must be carefully thought out before participating.

The Litigation Funding that 11Onze Recommends

Currently, the product that 11Onze Recommends through its British provider is focused on lawsuits for bank and public administration abuses, in the latter case very focused on housing issues.

Fund lawsuits against banks. Get justice and returns on your savings above inflation thanks to the compensation the banks will have to pay. All the information about Litigation Funding can be found at 11Onze Recommends.

With prices soaring to record highs, the Chinese are turning to gold to protect their savings in a context of economic uncertainty and real estate crisis. As demand for gold jewellery plummets, sales of bullion and coins are soaring.

Three years after the collapse of Evergrande, China’s property crisis continues to put pressure on a central government facing a worrying economic slowdown. Some analysts are sceptical about the effectiveness of the central government’s proposed measures to boost homebuyer confidence and overall consumption.

Haibin Zhu, chief China economist at JPMorgan, told CNBC in early September that ‘the property market meltdown is not over yet’, adding that China’s ailing housing market will continue to weaken as the government’s series of stimulus and support measures have not been ‘satisfactory’ in shoring up the sector.

Against this economic backdrop, companies have cut wages, young university students are finding it difficult to enter the labour market and Chinese consumers, already prone to saving, have become even more frugal. This has led to a strong demand for gold from Chinese households, who, despite rising prices, continue to regard the golden metal as the best safe-haven asset.

From jewellery to bullion and gold coins

With gold prices having risen for almost two years now – since the beginning of 2024 alone they have already appreciated by 23% – and continuing to hit record highs, it is not surprising that jewellery sales have plummeted globally. In China, jewellery purchases fell 35% year-on-year in the second half of the year.

This is the second-weakest quarter for jewellery demand since 2020, when it was hit hard by the Covid-19 health pandemic. Even so, Chinese consumers and investors have not stopped buying gold, but have shifted away from jewellery to bullion and coins, sales of which are up 46%, according to data from the China Gold Association.

It is clear that Chinese households have turned en masse to buying gold because they have lost confidence in traditional investments such as real estate or stocks. It remains to be seen how the property market and the Chinese economy will evolve, but it is clear that the Chinese population’s demand for gold is far from a crisis.

To discover the best option to protect your savings, go to Preciosos 11Onze. We will help you buy the ultimate safe-haven asset, physical gold, at the best price.

Gold has risen 23% since the beginning of 2024 and its price remains at an all-time high of around 2,260 euros. Geopolitical tensions, central bank purchases and a weak dollar reaffirm gold as the safe-haven asset par excellence in times of economic uncertainty.

Gold prices experienced a notable rally on Tuesday on optimism that the Federal Reserve will cut interest rates this month and remain around 2,260 euros per ounce, as investors’ attention now turns to the US payrolls report due on Friday.

Also, the persistent demand for gold by central banks – they purchased more than 1,000 tonnes of gold last year alone, setting a new record – the weak dollar and global geopolitical tensions are the main factors that have kept the value of the precious metal at record highs.

This has been reflected in the significant price increase of 23% since the beginning of the year, outperforming stock market indices such as the S&P 500, which has risen by around 17%, and doubled its value in the last five years.

Outlook for the coming months

The financial market narrative remains unchanged, with optimism all around despite the occasional fluctuations in gold prices. The weak dollar, possible rate cuts and low US Treasury yields – 10-year bond yields have fallen 25 basis points in the last month – create a favourable environment for continued demand for gold.

Goldman Sachs said in its latest report on Tuesday that gold has the greatest upside potential in the near term, given its role as a favoured hedge against risk. Conversely, weak demand from China has led to a ‘more selective and less optimistic’ outlook on other commodities.

‘The Fed’s impending rate cuts are poised to drive Western capital back into the gold market, a component largely absent from the strong gold rally seen over the past two years,’ the Wall Street bank stated in its “Go for Gold” note. That said, it adjusted its gold price forecast to $2,700 (€2,444) in early 2025 from the previous forecast of late 2024, citing a price-sensitive Chinese market.

On the other hand, sustained demand from central banks around the world that bought a record 483 tonnes of gold in the first half of 2024, pushing the asset to an all-time high, suggests that the precious metal will maintain its safe-haven appeal in the months ahead.

To discover the best option to protect your savings, go to Preciosos 11Onze. We will help you buy the ultimate safe-haven asset, physical gold, at the best price.

The volatility of the markets in August 2024 has shown, once again, that reality is stubborn and the safe haven par excellence is gold. Bitcoin is the most well-known and safest cryptocurrency out there, and has generated huge gains in recent years, but when panic hits Bitcoin seems to follow the market trend while gold appreciates.

There are those who say that Bitcoin is digital gold. It’s a way of saying that Bitcoin is very secure, and it is. But the truth is that only gold is gold and, this August, it has become very clear. Last week, gold again broke another historical record, reaching 2,531 dollars per ounce, that is, around 80 euros per gram. Currently, the rise has corrected slightly, but everything indicates that it will continue to rise, and it has already done so by almost 17% so far this year. What is happening?

Bitcoin, digital gold?

Between the 4th and 5th of August, the international markets suffered a shock that caused immense losses in many assets. Bitcoin had, in those days, a behaviour similar to high-risk capital values, that is, it went down following the market. The World Gold Council has analysed the evolution of assets in those days, very specifically comparing gold and Bitcoin. And the conclusion is strong: it is very volatile. Therefore, nothing digital gold because Bitcoin does not (apparently) have one of the essential conditions to be considered a safe haven value: being able to withstand market turbulence. It’s a great asset for big gains, it’s been proven for a long time, but it doesn’t work as a safe haven.

In the same period, and throughout the month of August, gold has been revalued. Because, historically, gold gains value in difficult times. When everything is volatile, physical gold is always there. This is what the American financier Michael Burry, famous for having predicted the subprime mortgage crisis of 2008, must have thought. On August 4, seeing how the markets were evolving, Burry made a large purchase of gold. This fact put the whole market on alert and pushed the price up.

Will the recession come?

Gold has continued to rise due to the possible rate cut by the American Federal Reserve, which could put the world’s first economy into recession. It’s a long-announced recession that never seems to end. At the moment, gold continues to gain value, that is to say, big investors are preparing for the curves.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy the ultimate safe haven value at the best price: physical gold.

Gold remains the ultimate safe-haven asset for people who want to protect their savings from persistent inflation. However, as with any investment, it is important to know and consider the pros and cons of investing in this precious metal.

Gold’s ability to offer protection against inflation and maintaining or increasing its value in economic crises, makes it a must-buy if we want to diversify and make our savings profitable.

This fact has been confirmed since inflation began to rise in 2021, reaching its highest level (7.4%) in 30 years in March 2022, causing many households to suffer with resignation a drop in their purchasing power and the loss of a large part of their savings.

Although inflation has slowed down, it remains at 3.6% in Catalonia, according to the latest data issued by the National Statistics Institute (INE). This is a rate of inflation that neither the low yields of bank deposits nor the Treasury bills have been able to compensate for.

In contrast, over the last five years, gold has experienced a spectacular increase in value, doubling its price. As for 2024, during the first six months of the year, its value has risen by 12%, following the upward trend of 2023, outperforming most of the main investment assets and reaffirming itself as the most valuable asset on the market.

However, although buying gold can be a very good option to protect our savings and can help us obtain liquidity in case of need, it is crucial to evaluate the advantages and disadvantages of putting our money into this type of investment.

The good news

• Holds its value: Gold continues to be the ultimate safe-haven asset and an unparalleled store of value that tends to appreciate in the face of market uncertainty. 
• Protection against inflation: As explained above, gold has proven to be a good hedge against inflation and the devaluation of our savings.
• High liquidity: Thanks to its intrinsic value, it is a highly liquid asset that can be easily sold, making it easy to convert into cash in case of need.
• Investment diversification: The price of gold often moves inversely to the stock and money markets, acting as a hedge in periods of volatility and helping us to diversify our investment portfolio.

The not-so-good

• Barriers to entry: Investing in physical gold can require a significant initial outlay. Although there are alternatives such as investment funds, not everyone has easy access to these options. At 11Onze Preciosos we make collective purchases so that we can get the best deals for all members of our community.
• It does not generate passive income: Unlike other investments such as shares or bonds, gold is an asset that does not generate dividends or interest. This means that, as a rule, investors do not receive regular income from owning gold. However, there are products such as Gold Seed, which can generate regular, passive income from gold buying.
• Storage costs: Physical gold needs secure storage such as safes or professional storage services. A safekeeping service ensures that your gold is protected and insured, but this comes at a cost. In return, at 11Onze Preciosos, when the time comes, we take care of selling the gold of our clients who have contracted a safekeeping service with us at the best possible price.

Preciosos 11Onze makes it easy to buy gold, at the best price and with total security. Give us a call and speak to one of our agents without compromise to clarify any doubts you may have and protect yourself from economic crises with the ultimate safe-haven asset.

Registered with the Dutch Central Bank and headquartered in Amsterdam, Bitvavo is one of Europe’s leading digital asset exchanges. It launched in 2018 offering reasonable fees, security and a simple and easy to use platform that has made it an ideal choice for beginners and experienced users alike.

In the five years since its market launch, Bitvavo has been driven by its founding pillar of making cryptocurrencies accessible to everyone. It was entering a sector dominated by US-based exchanges that were pioneers in facilitating the exchange of digital assets, but which needed to be more intuitive for people inexperienced in trading cryptocurrencies and had some shortcomings in terms of the security they offered to their users.

As Mark Nuvelstijn, CEO and co-founder of Bitvavo, explains: “The high threshold for buying and selling cryptocurrencies concerned us. Of course, there were large international traders, but you could only deposit euros in some places, and you couldn’t trade in altcoins. It was also not possible to store them securely.”

Buying and selling cryptocurrencies securely

Bitvavo is regulated and registered with the Dutch Central Bank, its depositors have access to the Deposit Guarantee Fund, so up to €100,000 could be recovered in the event of the exchange’s bankruptcy. In addition, the platform uses cold wallets so that in the event of a cyberattack, Bitvavo could restore deposits. In other words, customers’ digital currencies are regularly downloaded to physical devices without an internet connection.

However, Bitvavo wanted to take it a step further and offers additional protection: “Bitvavo’s cryptocurrencies are insured up to 250 million. As for the euro funds, they are also stored in a separate secure entity. In addition, we are working on account insurance to guarantee up to 100,000 euros,” Nuvelstijn notes.

Access to a wide range of cryptocurrencies

Bitvavo allows you to store, buy, sell and withdraw more than 190 digital currencies. When trading cryptocurrencies, you will have the option to store tokens in the exchange’s own wallet, which is free to use.

The process of signing up to the platform is simple, you can do it via the 11Onze Recommends link. In addition, until 15 August, Bitvavo is rewarding €500 to Binance and OKX users who transfer their funds from these exchanges, which can be used for the purchase of digital assets. Here is a tutorial on how to do it.

11Onze Recommends Bitvavo, cryptocurrencies easily, securely and at a low cost.