Bitcoin has soared nearly 70% in the past 12 months, the latest gains on a wave of gains across the cryptocurrency market.
But that surge could be headed for a correction, as more investors are increasingly buying bitcoin to protect themselves from the steep decline in the price of the cryptocurrency.
GoldMine’s client login app lets users purchase gold from one of the most popular exchanges in the U.S., GoldCoins.com, and then store the gold on their smartphone.
GoldMine, which was acquired in February by Bitmain, uses a Bitcoin wallet to transfer gold to the user.
Goldmine, which has had users since 2009, currently offers $20 to $60 per ounce in gold.
The company’s client app was designed for bitcoin-based trading, and the company has a “goldmine” section where users can store their gold and trade it on the exchange.
In addition, the company allows users to track their gold by adding their bitcoin holdings to their accounts, which GoldMine says are currently “roughly one ounce of gold at the moment.”
“This is a bit of a crazy market right now, and we’re definitely hoping that we’re not going to see any big price moves in the next couple of days,” GoldMine co-founder and CEO Chris Mancuso told CNBC.
Goldmine’s GoldMine client login client, which is the only gold-trading app that currently allows gold purchases on the platform, shows users a total of two ounces of gold.
When users select “buy” on the client login page, the user is shown a total quantity of gold in their account, which they can then place in the app’s Bitcoin wallet.
GoldMiner does not have a customer support page, but the company says the app is available to its users “in most major markets around the world.”
GoldMine has a customer account page, which shows users the total quantity in their GoldMine account.
The app also lets users track their GoldMined gold in its wallet.
GoldMine also offers a goldmine section where its users can choose between buying gold directly from the exchange, or selling their gold to GoldMines brokers.
GoldMiner offers two ways to buy bitcoin: through GoldMine’s own website or through the GoldMining platform, which accepts Bitcoin payments.
Users can also sell their gold directly to other users through the exchange in a variety of ways, including selling to brokers, selling to third parties, or simply buying gold from the GoldMine customer account.
Gold Mine, which currently has more than 2.2 million users in the United States, plans to increase its user base to 20 million by the end of 2017.
“There’s a lot of potential for gold and cryptocurrency to grow, but at the same time, there are a lot more things that are holding back the market,” Manciso said.
Gold Mining is also looking to add new services to the platform in the coming months.
The company is currently exploring ways to expand its customer base to include more institutional investors.
The Bitcoin-based cryptocurrency Bitcoin was up more than 20% in January, after a decline that started around January 9, when the U-Kiss bitcoin exchange shut down.
Bitcoin has since surged more than 10,000% since then, as the price has rallied to nearly $3,000 per coin, according to CoinMarketCap.
The price of gold, a commodity in the same class as copper, has risen over 50% in 2017.
Gold, along with many other commodities, has been one of Bitcoin’s biggest booms in 2017, as investors buy bitcoin in anticipation of a surge in gold prices.
Bitcoin was trading for $1,936 in January.