This was posted 8 years 9 months 5 days ago, and might be an out-dated deal.

Related
  • expired

Free 0.25g (~$12 AUD) in BitGold

1170
Free 0.25g (~$12 AUD) in BitGold
Go to Deal
gringo on 21/07/2015 - 13:44 bitgold.com (2615 clicks)
Last edited 19/01/2016 - 20:07 by 2 other users

Seems to be another online currency - this one tied to the price of gold.

You get up to 0.25 grams of virtual gold on signup - which is about $12 AUD currently.

This might be a good way to get some exposure to gold.

While the deal is still on (and the link still works). They are now playing silly buggers with the amount you get and reclaiming inactive balances (where there has been no deposit). I'm going to mark as expired therefore.

Edit: Some updates

There have been some recent changes to the referral program - the amount received is now linked to the "Golden Heart level" score of the referrer and does not seem to depend on country anymore.

The exact details of these changes are outlined here.

Part 11 of the Bitgold Terms of Service deals with promotional balances, and may be worth a read also.

Things to note:

  • Everyone to date seems to have got their bonus regardless of making a deposit.

  • OzBargain user lolmao successfully withdrew 3g (~$125) to an Australian bank account.

  • If you have not made a deposit and then don't log in in any 60 day period, they will reclaim the bonus. Consider depositing $0.03 USD of bitcoin to get around this.

Other offers:

  • Free Birthday gold. This offer is for a free 0.0XXg gold where XX is your age. You get this automatically on your birthday. This promotion is still running as of Jan 3, 2016.

  • 5% first deposit bonus up to $100. I think you get an email with this offer shortly after joining. Mentioned in this tweet.

0.25g of virtual gold (~$12 AUD) for signup via referral link

http://bitgold.com/r/XXOnfK (this is a 5 star "Golden Heart level" link)

I've made a FYI blogger page that contains more general info about Bitgold (interviews, etc).

Financial Bitgold Cryptocurrency Gold Investment

Related Stores

goldmoney.com
goldmoney.com

closed Comments

  • Jack D Price on 21/07/2015 - 13:46
    +4

    lol

  • Price Hike on 21/07/2015 - 13:51
    +10

    Bitcoin, Bitgold, BitDodge

    • ElWircho on 21/07/2015 - 13:54
      +38

      BitFunny, but just a bit.

  • cmcv on 21/07/2015 - 13:54
    +1

    Sounds wierd…

  • etchomojay on 21/07/2015 - 14:08

    Cheers op!

  • rambutann on 21/07/2015 - 14:10
    +3

    What is required in order to withdraw this 0.5g of gold….?

    • [Deactivated] on 21/07/2015 - 14:16
      +1

      you need 1g of it.

      • Lukian on 21/07/2015 - 14:40
        +7

        But less for possession!

      • [Deactivated] on 21/07/2015 - 16:59
        +3

        1g in the chat. Kappa

        • Conor96 on 21/07/2015 - 17:21
          +1

          hahahaha I get you dude

    • Chimpus on 21/07/2015 - 17:10
      +2

      Dammit…..got caught up in the chance to get free cash money/OZbling that I only just got around to checking the fine print….

      Found this point regarding redemptions via credit card and bank wire.

      http://support.bitgold.com/customer/portal/articles/1961174-…

      You can only make a redemption to a credit card used previously to make a deposit
      You can not redeem an amount exceeding the total deposits made with your credit card

      There is a 1% redemption fee and the minimum redemption amount is $20 USD (according to the link below)

      http://support.bitgold.com/customer/portal/articles/1927344-…

      BUT, if you managed to encourage/con/fake account/sign up enough people to earn boatloads of gold…. you can redeem it in either 10g cubes or in 1kg .9995 Bullion bars (for $25 USD + any applicable shipping/insurance fees).

      http://support.bitgold.com/customer/portal/articles/1878276-…

      • easternculture on 21/07/2015 - 17:15

        I suspected that. There was no way they would be giving free money for nothing.

        In other words they Match Dollar to Dollar you deposits and allow you to withdraw them. So you could use the Bitgold money to shop and get something at half price i.e. 50% from your credit card and 50% from your bitgold

        • Chimpus on 21/07/2015 - 17:23
          +1

          Sorry! Minor correction regarding bank transfers.

          The following only applies to credit card redemptions:

          You can only make a redemption to a credit card used previously to make a deposit
          You can not redeem an amount exceeding the total deposits made with your credit card

          You should be able to redeem via wire/bank transfer but the minimum redemption amount is $20 USD + a 1% redemption fee.

          I only read the first half of the link before and didn't check it properly. Refer to the link below from the middle part regarding wire/bank transfers….

          http://support.bitgold.com/customer/portal/articles/1961174-…

          I apologise for the confusion and will go back to my OzB cave/shrine to beg forgiveness…

        • easternculture on 21/07/2015 - 17:28

          @Chimpus:

          Im pretty sure there will be a condition to withdrawing the free referral money. Worst case senario, you wont be able to withdraw it but can use it to purchase something online

          I don't think they are rich enough yet to give away $25 each to thousands of new sign ups.

        • Chimpus on 21/07/2015 - 17:31

          @easternculture:

          I know what you mean, I've been trawling through the site to see if I can find any 'catches'.

          I not adverse to getting free money, but I've been bitten enough times to be a little more cautious nowadays…

        • adie777 on 21/07/2015 - 17:32
          +2

          @Chimpus: Also it seems you have to log in every once in a while to keep your promotional balance. :P

          11.2 Promotional Balances are equal in value and redemption rights to traditional BitGold balances as long the recipient of the Promotional Balance has logged into their BitGold account at least once over a 60 day period. If the recipient has not logged into their account for a period exceeding 60 days, and no external deposits of funds has been made into the account during such period, BitGold may, at BitGold's discretion, reclaim the Promotional Balances to BitGold's own resources as an unclaimed promotion.

        • Chimpus on 21/07/2015 - 17:36

          @adie777:

          Nice catch!

          Guess they'll be wondering why a large number of accounts empty out their balances and become inactive in 60 days hehe.

        • easternculture on 21/07/2015 - 17:38

          @adie777:

          Promotional Balances are different to Referral Bonuses

          Promotional balances would be a specific link used by Bitgold for a specific time i.e. www.bitgold.com/free$5 or through a promo code via signup i.e. FREE$5

        • adie777 on 21/07/2015 - 17:45

          @easternculture: I think referral bonuses are deemed Promotional Balances. ToS

          11.1 For every referral made by an existing BitGold account holder (using the unique referral link provided by BitGold), a verified BitGold account holder will receive an additional deposit of 0.25 grams of gold into their BitGold Vault. These deposits are promotional balances ("Promotional Balances") and are subject to the terms of this Agreement, including, without limitation, the terms outlined in Sections 7 and this Section 11.

        • easternculture on 21/07/2015 - 17:46
          +2

          @adie777:

          ah ok got it. And this

          11.3 BitGold may disqualify you from a promotion and/or claim back Promotional Balances if it believes that your account or subsequent referred accounts have has been set up to abuse the promotion or if you are otherwise in breach of this Agreement or the terms and conditions of the promotion. BitGold reserves the right to suspend, modify or terminate a promotion at any time and without prior notice.

          Im guessing that they will be looking into the OP's account depending on the amount of referrals and because they will be able to see the traffic coming from ozbargain

          Its been done before by Uber when someone has 50k of credits and they deleted his account. http://www.businessinsider.com.au/blake-jareds-50000-uber-cr…

          Also refer to these

          11.4 BitGold reserves the right to validate referred accounts which must meet the terms outlined in Section 3 and may withhold Promotional Balances for up to 60 days.

          3.1 You will be required to provide a copy of your current government-issued photo identification with MRZ (Machine Readable Zone) check details visible where applicable and/or such other identifying and verifying information as we determine from time to time in our discretion (the "ID Documentation") prior to opening an account and thereafter at our discretion. BitGold will verify the ID Documentation (a colour reproduction without obstruction of sufficient size, resolution, legibility, and with Latin (English) text), and perform a background check prior to approving your application to open an account. You consent to our contacting credit bureaus to obtain information about you for purposes of confirming your identity under applicable "know-your-client" rules. You understand that failure to provide any of the information we request from time to time under such rules may result in your account being frozen and/or terminated without further notice. You are permitted and encouraged to watermark your identification with translucent text or imagery however we reserve the right to reject opaque watermarks.

  • ozeightyone on 21/07/2015 - 14:11

    Cheers OP.

  • Serapis on 21/07/2015 - 14:26
    +7

    How many DogeCoins does this translate to?

    • johnno07 on 21/07/2015 - 15:47
      +4

      Roughly 102,000 DogeCoins. Should buy into them. Much value.

  • NFS on 21/07/2015 - 14:36
    +1

    Thanks! Gave mine to a random referral.

    • Satoria on 21/07/2015 - 14:38
      +1

      Same :)

      • stickyfingers on 21/07/2015 - 14:52

        Same :)

        • ozeightyone on 21/07/2015 - 15:22
          +1

          Same : ) Much appreciation to OP, just trying to share the love.

        • Savabuck on 21/07/2015 - 19:09

          Same & Same - thanks to the OP for sharing around

        • stickyfingers on 21/07/2015 - 19:56

          Seriously, what's with the negs? I wasn't mocking Satoria by any means, I actually did use a random link.

        • Less Point on 21/07/2015 - 19:59
          +1

          @Jakiejake: here, have a +

          Why isn't the "go to deal" link the same as the random referral link?

        • sween64 on 21/07/2015 - 21:32

          @matt6589:

          So as a user you can choose to refer or not.

  • hardik1us on 21/07/2015 - 14:37

    WHen this gold gets credited to account? Just sign up but can't see any balance there?

    • krimovtartar on 21/07/2015 - 14:53

      Did you use a referral link to sign up? Mine showed up immediately with 0.5g referral bonus

  • [Deactivated] on 21/07/2015 - 14:42
    -1

    Thanks, but no thanks….

  • Tihocan on 21/07/2015 - 14:46
    +1

    So what happens with these "pending" transactions? Do they hold onto them for 60 days and then release them for use? (Or suddenly disappear with your personal information…)

  • scotty on 21/07/2015 - 14:57

    You can almost get a BitShare Revolution T-Shirt here

    T-shirt (0.018oz) + Postage (0.008oz) = 0.026oz = 0.74g of BitGold

    Need more referrals…

  • [Deactivated] on 21/07/2015 - 14:58
    +24

    Au dear.

  • ozy on 21/07/2015 - 15:13

    signed up using referral code of op then random for 2nd account, verified both and both have nothing in the account

    • T0KY0 on 21/07/2015 - 15:16

      Worked for me. Have you completed your post-verification info yet?

      • ozy on 21/07/2015 - 15:17

        yep on both accounts
        all good something wrong with my pc or iphone i guess
        Edit: used new IP worked fine….

  • DarkNexy on 21/07/2015 - 15:18

    cheers. done :D

  • unity1 on 21/07/2015 - 15:26
    +1

    Only 0.25g received using one of the random links. Why does the title say 0.5g?

    • Less Point on 21/07/2015 - 15:31
      +1

      I got 0.5g from signing up and another 0.5g from an Ozbargainer using my referral link (random).

      Edit: From the site:

      Send this unique address to your friends via email, text message, Facebook, Twitter, or LinkedIn. When a friend signs up using your unique web address they receive 0.5 g ($24.17) grams of Gold and you receive 0.5 g ($24.17) grams of Gold instantly!

  • Chef-Johnson on 21/07/2015 - 15:42

    How can i find or make a referral code to refer others?

    • DarkNexy on 21/07/2015 - 15:44
      +1

      click on the heart on top right of page next to your name.

      • Chef-Johnson on 21/07/2015 - 17:18

        cheers, how the hell didnt i see that ha,

        • DarkNexy on 21/07/2015 - 18:01

          haha. dw it took me a while to find it too xD

  • Name on 21/07/2015 - 15:49
    +1

    This is probably the most dodgiest thing I've ever entered my email address into.

    • Joshman5k on 21/07/2015 - 19:20
      +5

      This or Madison Ashley.

  • T0KY0 on 21/07/2015 - 15:49

    I referred a friend and both they and I only got 0.025g ($1.21). Dodgy.

    • unity1 on 21/07/2015 - 15:59

      Report it to the mods

  • easternculture on 21/07/2015 - 15:52

    they fixed it

    Send this unique address to your friends via email, text message, Facebook, Twitter, or LinkedIn. When a friend signs up using your unique web address they receive 0.025 g ($1.21) grams of Gold and you receive 0.025 g ($1.21) grams of Gold instantly!

    • T0KY0 on 21/07/2015 - 15:58
      +1

      My account still says

      Send this unique address to your friends via email, text message, Facebook, Twitter, or LinkedIn. When a friend signs up using your unique web address they receive 0.5 g ($24.15) grams of Gold and you receive 0.5 g ($24.15) grams of Gold instantly!

      I just reloaded to make sure too.

      • Name on 21/07/2015 - 16:09
        +1

        Same as T0KY0. I tried logging into a different browser in case it was cached. Still says 0.5 g.

        • Chimpus on 21/07/2015 - 16:10

          Same same with me

        • chipstss on 21/07/2015 - 16:33

          Does it say pending though?

        • Chimpus on 21/07/2015 - 16:45

          @chipstss:

          Yeh, "60 day bonus gold holding period"

    • Jayphen on 21/07/2015 - 16:12

      Mine said that until I finished verifying my account

  • smerm07 on 21/07/2015 - 16:00

    60 day holding period before you can withdraw?

    • easternculture on 21/07/2015 - 16:07

      Thats if it kicks off.

      Or by then the gram might be equal to $1 lol

  • Dubbin on 21/07/2015 - 16:09

    Shared the love with a random also, enjoy the gold ;)

  • easternculture on 21/07/2015 - 16:15
    +1

    Thanks OP. Also used a Random referral to share the love :)

  • neil on 21/07/2015 - 16:17

    Just an FYI:

    Please note that different countries have different promotions running at different times, to find out your current promotional amount of bonus gold click on the Golden Heart™ icon once logged in.

    They may be using IP information, so for example, those logged into a VPN accessing their site or put in US details. They also might be detecting where the referral signs up from, e.g. looks like UK may get a smaller amount. All just speculation.

  • chipstss on 21/07/2015 - 16:26

    Hey, free money.

  • patchyz on 21/07/2015 - 16:33
    +1

    i got 0.5 :)

  • sj2can on 21/07/2015 - 16:55
    +1

    Dammit I thought the Go to Deal was the referal link - doh.

  • Drunkguy101 on 21/07/2015 - 16:56
    +1

    What exactly can you use bitgold for?

    • GnarlyKnuckles on 21/07/2015 - 18:07

      If you have a horse with a sensitive mouth, you can use it to make that little metal part of the bridle that goes in their mouth (the 'bit'), because gold is a very soft metal.

      • Drunkguy101 on 21/07/2015 - 22:20
        +2

        Ah interesting, I thought there was something I could do with it!

        I guess I'll just have to buy a horse, thanks for the info man, you're such a great help!!

        • GnarlyKnuckles on 21/07/2015 - 22:24
          -1

          Always happy to selflessly share my wisdom, hombre. The genuine appreciation makes it all worthwhile.

        • Drunkguy101 on 22/07/2015 - 17:21
          +2

          @GnarlyKnuckles: I'm a bitmad if I'm honest

  • ployer on 21/07/2015 - 17:13

    Interesting. We'll see how this one goes. Wonder if there'd be any services to exchange the currencies with any time soon.

  • bargdebarg on 21/07/2015 - 17:30

    This post is gold

  • Diji1 on 21/07/2015 - 20:30

    this one tied to the price of gold.

    Huh … why?

    Oh wait it's a virtual currency.

    Oh wait that's not a good reason :p

    It's like investing in gold without any of the nice bits about gold like being able to hold it, trade it for guzzoline when the apocalypse happens and not being able to be hacked.

  • banzini on 21/07/2015 - 20:41

    BitGold Inc. is listed on the Toronto Stock Exchange (“TSX”) Venture under the symbol “XAU”. We are required by the exchange to report our audited or independently reviewed financial condition four (4) times a year. These financial statements can be found in our investor relations page.

  • banzini on 21/07/2015 - 20:46

    From their facebook a week ago:

    BitGold Inc Hi Nour, the 60 day holding period only applies to bonus gold. If you have made a deposit, there is no hold on these funds!
    Like · 3 · July 14 at 1:17am

    Nour Grossetti Why is there even a hold on that bonus gold?
    Like · July 14 at 1:20am

    BitGold Inc As you might expect, our users are doing such a great job of referring friends that we have thousands of referral transactions to verify and process! This period allows us to do so.

    • Chef-Johnson on 21/07/2015 - 20:56

      interesting, wonder what min deposit is

  • Matt P on 21/07/2015 - 20:48

    signed up using random referral

    added my referral code :)

  • Neoika on 21/07/2015 - 21:30

    Got 0.5g after AU Phone Verification.

  • [Deactivated] on 21/07/2015 - 22:19
    +4

    You get nothing here, just another dodgy gambling Forex website banned in many countries
    any transaction incurs 1% fee of the gold price + $25 processing fee payable from the redeeming account
    + Shipping / Insurance + tax
    and doesn't tell how much the insurance fee would be!
    Also $25 for forgotten password or you lose your account and whatever time you wasted there! (I am not saying you may ever use real money!)
    read it here
    https://www.bitgold.com/terms-of-service#/

    • easternculture on 21/07/2015 - 22:27

      And that's if your willing to send them a colored scan of a government id for account verification.

    • Maz78 on 22/07/2015 - 12:24
      +2

      Exactly.. All BS these alt-currencies..

      • easternculture on 23/07/2015 - 09:11

        Just got an email to send them an official ID for verification lol

        Action needed - For ID verification plus Gold Bonus.

        Please provide your ID copy – Government-issued ID to verify your identity.

        And please note that without properly identification and your gold bonus will show the pending status continually after 60 days holding period.

        Your attention is required.

        Regards,

        Stan Chen | Vice President, Customer Success
        www.bitgold.com | [email protected] | 1-800-854-7418

  • lolmao on 22/07/2015 - 07:45

    Just signed up on a random referral and my balance is $0 after phone verification lol :(

    • lolmao on 22/07/2015 - 20:00

      just signed up a new account and got 0.5g

  • mark-emark on 22/07/2015 - 10:33

    Done via referral, lets see how it goes, added mine to the referral link.
    Cheers,

  • gringo on 23/07/2015 - 02:28

    I see they also give you some bitgold on your birthday - which I guess would be without a waiting period?

    https://twitter.com/bitgoldinc/status/609390650342146049

  • karen_lee89 on 23/07/2015 - 09:52

    I signed up for account and can't find the BitGold in my account. Where can I find it? Anyone else didn't get theirs?

  • gringo on 23/07/2015 - 20:38

    Just thought I'd post a few recent articles (from reputable sources) for those looking for more info:

    http://www.theguardian.com/money/us-money-blog/2015/may/31/b…
    http://www.engadget.com/2015/05/05/bitgold-bitcoin-but-for-g…

    This a page with their own presentation:

    http://ir.bitgold.com/investors/investors-home/default.aspx

    And they have a current share listing in Canada:

    http://www.bloomberg.com/quote/XAU:CN (IPO I think was 0.70)

  • gringo on 26/07/2015 - 04:14
    +1

    Some more links:

    CNBC inteview (video):
    http://video.cnbc.com/gallery/?video=3000364663

    Intro from the company itself (video):
    https://www.youtube.com/watch?v=b0QMQwRx1q8

    Some (critical) reviews from random websites:
    https://www.weusecoins.com/bitgold/
    http://www.runtogold.com/goldmoney/bitgold-review/

    Share forum about the stock (a lot of noise here - but possibly the most up to date with developments):
    http://www.stockhouse.com/companies/bullboard/v.xau/bitgold-…

    My take on it is I'll be happier when some people report after 60 days, but there is nothing lost for the moment by having it. An alternative to paypal would be nice, and some insurance against the falling Aussie dollar would be handy if it turns out legit and gains acceptance.

    If they don't open up bitcoin withdrawals or launch the prepaid ATM card here (their twitter account indicates they are soon to launch the card https://twitter.com/bitgoldinc ) - withdrawing to an international bank like HSBC or Citibank is an option they offer currently.

  • gringo on 30/07/2015 - 02:24

    Google hangout with the CEO of bitgold (30 min video).
    https://plus.google.com/events/cpd2fkvgmbrc6s2kq36ukbhkqog

  • gringo on 07/08/2015 - 12:09
    +1

    Some evidence that bitgold are paying out on their affiliate program - difference is that this program settles every month (rather than 60 days) and pays out 0.75g to the referrer only (which is not a very nice thing to do to your friends).

    http://www.youtube.com/watch?v=PzstX7h-eg0

    Mainly for the screenshots - perhaps ignore the speaker.

    From the google hangout (above), the CEO was saying they eat the international transfer charge on withdrawals also, so nothing to stop you from taking it straight away as cash (or get it mailed as gold).

    So looks like the real deal so far.

  • shaybisc on 13/08/2015 - 15:22

    I wanted something to practice using my Bitcoin hardware wallet (Ledger Wallet) on before I actually spend any money but I gather this is not suitable for that purpose.

  • gringo on 13/08/2015 - 15:40

    I deposited using bitcoin - this was the process. Showed straight away for me.

    http://support.bitgold.com/customer/portal/articles/2089338-…

    But yeah, I've never used a hardware wallet so not sure. Could make another bitcoin wallet to transfer the amount you intend on depositing over to then make your final transfer afterward?

  • banzini on 18/08/2015 - 10:49

    Got this in the email today:

    We want you to experience the power of payments and savings in gold so much so that we are offering you a special 10% top up bonus on your first gold deposit until 11:59pm EST on Sunday August 23rd, 2015, with a maximum bonus of USD100 or 2.5grams of Gold. That’s like getting an up front 10% return on your savings!

    anyone else daring to have a crack?

    • gringo on 18/08/2015 - 14:29

      If you want to deposit with bitcoin, that might make sense (or you have a low/no fee free visa debit card with good conversion rates - as the ultimate transaction is in a foreign currency) - but bear in mind that bitgold will take 1% of the transaction as a fee (and 1% on the withdrawal side too).

      If you plan on getting a 10g gold cube shipped then this may be a good way of getting up to 10g.

      Either way you'll probably still come out ahead taking up this offer.

      Unfortunately, I have already made my first deposit ($5 USD in bitcoin, which has pretty much held it's value - unlike bitcoin itself, which seems to be undergoing a hard fork atm).

    • gringo on 18/08/2015 - 23:36

      Here's another good reason to make a deposit also - 11.2 of their terms of service:

      https://www.bitgold.com/terms-of-service#/

      "Promotional Balances are equal in value and redemption rights to traditional BitGold balances as long the recipient of the Promotional Balance has logged into their BitGold account at least once over a 60 day period. If the recipient has not logged into their account for a period exceeding 60 days, and no external deposits of funds has been made into the account during such period, BitGold may, at BitGold's discretion, reclaim the Promotional Balances to BitGold's own resources as an unclaimed promotion."

      If possible, I'd deposit at least the absolute smallest amount possible (0.001 gold grams- which is 5c I think) just to make sure the promo balance will apply.

  • gringo on 19/08/2015 - 14:31

    https://quickbt.com/au/

    Maybe a easy way of buying a small amount of bitcoin for this purpose (pay by POLI). Minimum amount you can buy is about 1.50 (0.005 BTC)

    Here is a good free (local) bitcoin wallet to transfer the amount to:

    https://electrum.org/

    Good excuse to try out blockchain tech anyway - when you do a transaction it seems like magic!

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