FAQs


Where can I find information on GBC?

For more information on GBC, please visit our website www.goldbitscoin.com. Alternatively please send us an email on contact@goldbitscoin.com with your query and one of our representative will get in touch with you.

Where can I buy GBC?

[Link to how to buy section]

Cannot login to my account?

Please email us on contact@goldbitscoin.com with your username and one of our representative will get in touch with you within 24hrs to resolve the issue.Alternatively visit our "help" section for some troubleshooting (Or) Check on chat, to speak to our technical team.

I did not receive my tokens yet?

Chat or email option

Can I invest with USD or Fiat currencies?

Yes, there are various payment options like Visa, MasterCard, Wire Transfer, BTC, ETH, LTC &Other.Please click on the buy now option.

What is fiat currency?

It is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.

What is the total supply?

100 million coins for the life of the coin.

What happens to all the unsold tokens?

They will be burnt.

Am I purchasing any securities?

Every country has its own definition of securities when dealing with crypto coins.You might have to check with your country's legislation.

Is it secure?

Technical side we have top-notch IT security measures and go with the best industry standards. Your currency is backed by gold which is the real asset/commodity. As a bare minimum, no body/organization can devalue the underlying asset than what it is trading as in the market i.e. There will always be the value of gold irrespective of any changes to the electronic currencies of the world.

When will I receive my GBC tokens?

[Answer from Himanshu]

What is GBC?

It is a trending crypto with the security of real gold. Each coin is backed by real gold.

How do I invest?

Link to "How to buy".

What is the block chain?

[Answer from Himanshu]

What do I get for $1?

As of now, we do not offer parts of coin.

Am I too late to invest?

There would be price variation at different stages of coin release. At the initial stage, the price of one coin would be lower as it attracts discounts. Investing earlier would attract discounts but never too late.

What happens if the whole internet goes down? Would you lose everything?

It is highly unlikely that the internet would go down, but if it all this happens, even dollar or euro will have no value. In such case commodities like Gold will stay stable.

What is the difference between a Coin and a Token on the site?

A "coin" is a cryptocurrency that can operate independently A "token" is a cryptocurrency that depends on another cryptocurrency as a platform to operate.

Is it a Scam?

Nearly every cryptocurrency has been called a scam at some point in its lifetime. We have the best industry, standards, backed by real gold and top- notch IT Securities.

Does GBC have a long term plan?

Please read our white paper to understand what our team is trying to achieve? What are the timelines & milestones?

Who created GBC?

A team of Angel investors, investment advisors and crypto enthusiasts

Who controls the GBC network?

GBC pricing is controlled by the users around the world. No one owns & controls the GBC network.

How does GBC work?

Real gold + demand value of currency = Value of GBC.

How difficult it is to make GBC payments

At this stage GBC Bitcoin Payment In future GBC GBC Kiosk Payment

Is GBC used by people?

GBC will be used at various retail outlets. This includes travel industry, health & food industry. By end of April 2018, it would be widely used by various retailers around the world.

What are the advantages of GBC?

1) Backed by real gold-- Unlike other cryptos, GBC is backed by real gold. Best of both worlds achieved, trending crypto+ security of real gold. 2) Payment freedom-- It is possible to send and receive GBC anywhere in the world at any time. GBC allows its users to be in full control of their money. 3) Fewer risks for merchants -- GBC transactionsare secure irreversible and do not contain customers sensitive or personal information which protects merchant losses caused by fraud or fraudulent chargebacks. 4) Security & Control -- GBC users are in full control of their transactions, it is impossible to force unwanted or unnoticed charges as can happen with other payment methods. 5) Transparent & Neutral-- All information concerning the GBC money supply itself is readily available on the blockchain for anybody to verify & use in real time.

What are the disadvantages of Bitcoin?

1) Degree of acceptance -- The level of acceptance at initial stages would be low as it would take time for business to accept GBC. 2)Ongoing development: GBC software is still in beta with many incomplete features in active development.New tools, features and services are being developed to make GBC more secure and accessible to the masses.

What happens when GBC are lost?

When a user loses his wallet, it has the effect of removing money out of circulation. Lost GBC still remain in the block chain just like any other GBC.However,lost bitcoins remain dormant forever because there is no way for anybody to find the private key that would allow them to be spent again.

Is GBC legal?

To the best of our knowledge GBC has not been made illegal by legislation in most jurisdictions.

Is GBC useful for illegal activities?

GBC is money, and money has always been used for both legal and illegal purposes. However, GBC hasKYC (know your client) and AML (Anti money laundering) in place which will act as a significant protection against many forms of financial crime.

What determines GBC 'S price?

The price of GBC is determined by supply and demand. When demand for GBC increases the price increases and when demand falls, price falls. But unlike other cryptos, the value of GBC will never become zero since it is backed by real gold.

Can GBC become worthless?

No, unlike other crypto's, GBC can never become worthless because of the backing by real gold.

Is GBC a Ponzi scheme?

A Ponzischeme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. GBC is a free software project with no central authority consequently, no one is in a position to make fraudulent representations about investment returns.