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Tether Gold (XAUT) Guide

Tether Gold (XAUT) is a gold-backed stablecoin that represents ownership of physical gold stored in secure vaults. This guide covers using XAUT with Rumble Wallet.

How to buy Tether Gold (XAUT)​

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Tether Gold Holdings button beneath your Total Wallet Balance.
  3. Tap the Buy button.
  • You can also start a purchase by tapping the Buy button at the button of the app screen:
  • Tap Tether Gold as the currency you want to buy.
  1. Enter the amount of Tether Gold to purchase using USD or your local fiat currency. Funds will be deposited to your main account wallet.
  2. The wallet app will uses Ethereum as the default network. You'll see the amount of Tether Gold you'll receive based on the going market rates and fees (rates refresh frequently). Note that minimum purchase amounts may apply.
  3. Sign-in to MoonPay and verify with verification code.
  4. Select your preferred payment method.
  5. Tap the payment button to purchase.
  6. Wallet displays a status for your transaction, showing approximate arrival time, a transaction ID, the amount paid, and the estimated fee applied. You'll also see the receiving address and the final amount you'll receive.
  7. You'll receive a notification once your transaction completes.

How to sell Tether Gold (XAUT)​

Tether Gold is not available for cash out or redemption in all countries and locales

Please check with your local and national government regulations concerning buying, selling, and redeeming Tether Gold.

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Tether Gold Holdings button beneath your Total Wallet Balance.
  3. Tap the Cashout button.
  • You can also tap the Cash Out button at the button of the app screen to start a sale:
  • Select the source (main account wallet or Tip Jars) from which funds will be withdrawn.
  • Select Tether Gold as the currency you want to cash out.
  • Select the wallet address with funds to cash out.
  1. Enter the amount of Bitcoin to sell. You can tap Use Max to sell all funds.
  2. The wallet app will select the default network to use (Ethereum for Tether Gold).
  3. You'll see the amount of USD or chosen fiat currency you'll receive based on the going market rates and fees (rates refresh frequently). Minimum and maximum cashout amounts may apply per transaction.
  4. Sign-in to MoonPay and verify with verification code.
  5. Select your preferred withdrawal method.
  6. Tap the Confirm button to sell.
  7. You'll see a summary of the transaction. Tap Cash Out to complete the sale.
  8. You'll see a success message and funds will be deposited (settlement times vary depending on method).

See also

What is Tether Gold (XAUT)?​

Tether Gold (XAUT) is a cryptocurrency token backed by physical gold reserves. Each XAUT token represents one troy ounce of gold stored in secure vaults, combining the stability of gold with the efficiency of cryptocurrency.

Key features​

Gold-backed stability​

  • Each token backed by 1 troy ounce of physical gold
  • Tracks the price of gold closely
  • Provides hedge against inflation and currency devaluation

Physical gold ownership​

  • Represents actual gold stored in secure vaults
  • Audited reserves ensure backing
  • Option to redeem for physical gold (minimum amounts apply)

Cryptocurrency efficiency​

  • Trade gold 24/7 without physical storage concerns
  • Lower fees than traditional gold trading
  • Instant global transfers

Gold backing and reserves​

Physical storage​

  • Gold stored in secure Swiss vaults
  • Professional custodial services
  • Regular independent audits

Transparency​

  • Real-time reserve reporting
  • Blockchain-based transparency
  • Public audit reports available

Redemption rights​

  • Minimum 430 XAUT tokens required for physical redemption
  • Delivery to specified locations
  • Additional fees and verification required
  • REDEMPTION FROM TETHER IS NOT AVAILABLE IN UNITED STATES AND OTHER LOCALES

Advantages of XAUT​

Inflation hedge​

  • Gold historically maintains value during inflation
  • Protection against currency devaluation
  • Diversification from traditional assets

Accessibility​

  • Trade gold without physical storage requirements
  • No minimum purchase amounts (unlike physical gold)
  • 24/7 market availability

Efficiency​

  • Lower fees than traditional gold dealers
  • Instant global transfers
  • No storage or insurance costs

Getting XAUT​

Buy with Rumble Wallet and MoonPay​

Purchase XAUT directly in your Rumble Wallet:

  • Credit/debit card purchases
  • Bank transfers
  • Competitive rates and fees
note

Mimimum purchase amounts may apply when purchasing XAUT.

Receive from others​

  • Get XAUT tips from fans
  • Receive payments for goods or services
  • Transfer from other wallets or exchanges

Price and valuation​

Gold price tracking​

  • XAUT price closely follows gold spot price
  • Real-time price updates
  • Transparent pricing mechanisms

Market factors​

  • Gold market influences XAUT value
  • Global economic conditions affect pricing
  • Supply and demand dynamics

Best practices​

For long-term holding​

  • Understand gold market dynamics
  • Monitor economic indicators
  • Consider allocation within broader portfolio

For transactions​

  • Check current gold prices before large transactions
  • Account for network fees in calculations
  • Verify recipient supports XAUT

For creators​

  • Accept XAUT for inflation-resistant income
  • Understand gold price volatility
  • Consider conversion timing for local currency needs

Additional resources​