Transaction Process

Detailed Step-by-Step Guide

Completing your gold purchase involves several secure and transparent steps:

1. Reservation Confirmation

   • After reserving, both parties receive notifications.

   • The gold is marked as reserved and unavailable to others.

2. Initiate Communication

   • Contact the seller via the messaging system to arrange transaction specifics.

   • Discuss payment methods, inspection arrangements, and any other details.

3. Verification and Documentation

   • Request additional documentation if needed (e.g., updated assay reports).

   • Ensure you have all necessary information to proceed confidently.

4. Agree on Payment Method

   • Cryptocurrency:

     • Supported cryptocurrencies: USDT, USDC, ETH.

     • Confirm wallet addresses and transaction details.

   • Cash:

     • Arrange a secure location and time for cash payment.

     • Ensure compliance with local laws regarding cash transactions.

   • Bank Transfer:

     • Requires completion of KYC verification on GoldEx.

     • Exchange banking details securely within the platform.

5. Complete KYC Verification (If Required)

   • If using bank transfer, complete the KYC process as outlined in the "Getting Started" section.

   • Verification is not required for cryptocurrency (USDT, USDC, ETH) or cash payments.

6. Arrange Inspection and Pick-Up

   • Coordinate with the seller to schedule an inspection at the storage location.

   • Decide if a third-party inspector or assayer will be involved.

7. Inspect the Gold

   • At the agreed time and place, verify the gold's authenticity and quality.

   • Review all accompanying documentation and assay reports.

8. Finalize Payment

   • Upon satisfactory inspection, proceed with the agreed payment method.

   • Ensure payment confirmation before taking possession of the gold.

9. Receive the Gold

   • After payment, receive the gold from the seller.

   • Complete and sign all necessary transfer documents.

10. Optional Logistics Support

    • If needed, arrange transportation of the gold to your destination.

    • Utilize GoldEx's trusted logistics partners for secure shipping.

11. Confirm Transaction Completion

    • Mark the transaction as completed in your account under "My Orders".

    • Provide feedback and a rating for the seller to help maintain community trust.

Payment Methods

GoldEx offers flexible payment options to suit your preferences:

1. Cryptocurrency

   • Supported cryptocurrencies:

     • USDT (Tether)

     • USDC (USD Coin)

     • ETH (Ethereum)

   • Benefits:

     • Fast and secure transactions.

     • No additional KYC verification required.

     • Ideal for international transactions without currency exchange issues.

2. Cash

   • Suitable for in-person transactions.

   • Arrange a secure meeting place, typically at the bank where the gold is stored.

   • Ensure compliance with local regulations regarding cash transactions.

3. Bank Transfer

   • Electronic transfer directly to the seller's bank account.

   • Note: Requires KYC verification on GoldEx.

   • May involve processing times depending on banking institutions.

4. rUSD (Restifi-USD) Stablecoin

   • Use rUSD, a stable cryptocurrency pegged to the US dollar.

   • Combines fiat currency stability with crypto convenience.

   • Note: Purchasing rUSD through GoldEx requires KYC verification.

Important Considerations:

• Verification: KYC is mandatory for bank transfers and purchasing rUSD.

• Security: Always verify payment details through the platform's messaging system.

• Compliance: Adhere to all legal requirements for financial transactions in your jurisdiction.

• Documentation: Keep records of all payments and communications.