If you’ve been attempting to invest in Rhodium but don’t want to jump through the various hoops that come with it, try investing digitally. Rhodium Coin is a cryptocurrency built on the Ethereum blockchain. It’s tied to the value of real Rhodium.
The Benefits of Rhodium Coin
Rhodium has been a safe haven asset for some time. However, it’s often a pain to acquire due to paperwork and other bothersome procedures. Rhodium Coin allows you to avoid all of those, enabling you to invest almost instantly.
Because Rhodium Coin is backed by real Rhodium, holding some of the digital asset makes you an owner of the real metal.
That and Rhodium Coin allows you to invest in fractional amounts of the precious metal. Each digital coin is worth 1/1000th of an ounce of real Rhodium. So, even if you can’t afford the real metal, the digital solution provides an alternative investment route.
Rhodium Coin also allows you to purchase anonymously. Thanks to Ethereum, there’s no need to verify your identity or payment details. All you need is an Ethereum wallet and its address. Fortunately, most of the popular, free Ethereum wallets support Rhodium Coin.
Is Rhodium Coin Safe?
As mentioned, each Rhodium Coin represents the real precious metal. But how can you be sure it’s actually there? Well, the company stores all of its assets in a secure vault. To prove this, the group has been audited by GDA Capital, and the report can be read on its website.
That said, if you’d like the physical Rhodium for whatever reason, you can do so. Yup, Rhodium Coin offers a redemption process for the real precious metal. However, because this is physical bullion, you must redeem RhodiumCoin at 1000 per ounce.
It’s also worth noting that you’ll have to validate your identity to do this. After all, you need to go pick it up. The company needs to ensure they’re giving the bullion to the right person.
To start, log into your account, and send the required amount of RhodiumCoin to the company. From there, you’ll validate your identity. Once processed, the website will show you the address and contact information of the Rhodium Coin storage space. It’s important to bring this confirmation as well as identity validation when picking it up.
Of course, if you plan to keep your investment digital, there are security options for that as well. Most notably, you can set up two-factor authentication (2FA) on your account. This means that every time you log in, you need to input a code from your mobile device as well. Bad actors can’t get into your account with this setup, as they won’t have access to your phone.
Why Invest in Rhodium?
Now that you’re aware of how to invest in Rhodium digitally, you might wonder why one would do so in the first place.
For one, Rhodium is a volatile asset. If you’re an experienced investor, you can make this work in your favor. If you pay attention, you can buy low and sell high without too much waiting around. This volatility is also boosted by the fact that Rhodium is so rare.
You know Rhodium is a safe investment because it’s used largely in the auto industry. That’s a space that has been running for a long time and shows no signs of stopping.
Overall, Rhodium is fairly similar to platinum. Make sure to understand the differences before investing, as some mistake one for the other. Rhodium Coin can help avoid that mistake.
Digital purchases are the future of investments. The ease of access and price accessibility is almost too good to be true. Rhodium Coin is one of the early companies to offer such a method of investment. It’s certainly worth looking at and possibly investing in.
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