TxGold - Frequently Asked Questions

TxGold is a private currency, backed 100% by physical gold. 1 TXGold = 1/1000 of ounce of physical gold.

Users and organizations can send/receive TxGold through our App. A user can exchange physical gold for TxGold (and vice versa).

The new TxGold is available now on both the App Store (iOS) and Play Store (Android). Get the App Now.

Note: TxGold was originally launched in 2019 as a cryptocurrency; it ran on a public blockchain - and required a specialized crypto wallet. We soon realized this approach appealed to a limited set of technical users, and so we decided to rethink our strategy. After a long break, we began building a custom, user-friendly app - along with a fast, secure, and private network.

TxGold is based in Texas. Physical gold is stored in the Texas Bullion Depository.

TxGold is a private currency. We are very excited about the new Texas legislation (which is set to take effect in May 2027) and think it will accelerate the use of Gold as money.

An account is funded by depositing gold - either existing gold or new gold purchases. We have a few options to help you get started. After downloading the app, visit the funding page to learn more.

Yes, registered users can redeem TxGold for as little as 1 ounce of physical gold. Click here for more information.

When sending TxGold to an individual, there is no transaction fee. If TxGold is sent to a business/organization, the receiving business/organization pays a 1% fee.

Yes, when you acquire TxGold tokens, you and TxGold enter into a bailment agreement - which contractually obligates us to store and (when requested) redeem physical gold for TxGold tokens.

No. Gold is held in pooled storage, so all holdings are commingled in a single depository account. Under the bailment agreement TxGold never owns the gold; you hold a right to redeem your tokens for gold of the same weight - but not for the particular coin, bar, or round you deposited.

Pooled storage is standard practice for depositories and is what lets us offer redemption starting at one ounce. See the User Agreement for the full terms.

No. TxGold runs on a high-speed private network. Every TxGold is a claim on a specific weight of physical gold held in a vault in Texas.

Yes. The TxGold app accepts Bitcoin (on-chain and over the Lightning Network), Solana, and Cardano. The app shows your current account limits before you send anything. When your deposit arrives we immediately purchase physical gold, so TxGold stays 100% backed.

Note that TxGold is not a cryptocurrency exchange: we do not store or manage customers' cryptocurrency keys, and we are not set up to allow transfers of funds between cryptocurrencies.

Yes. A TxGold account number only lets someone send gold to you - it cannot be used to take anything out, so there is no card-number-style risk in giving it to a customer, a friend, or printing it on an invoice.

Every payment you send is signed on your own phone with a private key that was created on the device and never leaves it; we verify that signature before anything moves. It's a feature we share with cryptocurrency. Unlike crypto, there is no seed phrase to protect: if you get a new phone, you sign in with your mobile number and the app registers a fresh key for that device.

Create a business account in the app. Payments from customers settle instantly and are final - there are no chargebacks or disputes. The business pays a flat 1% fee on each payment received; customers pay nothing. Business accounts support team roles (owner, manager, employee), and an API is available for online checkout. Contact us and we'll help you get set up.

TxGold is currently available to Texas residents. Our eventual goal is to have TxGold available in all countries, including most U.S. States.

We don't believe gold, nor TxGold, should be thought of as an investment. In the short term, gold may rise or fall in value relative to other assets/currencies; but in the long term, it tends to retains its value. That is one of the features that makes gold the best form of money.

Users who acquire TxGold should not expect any profit; we are not "investing" funds in any type of enterprise; rather, we are providing storehouse services and "warehouse receipts" (i.e. tokens) for physical gold.

Using the TxGold app, users can send/receive payments to other registered individuals, businesses, and organizations. Looking ahead, we envision a future where TxGold plays a role in other financial services - like loans, investments, etc.

Like gold, silver has a long track record of providing a stable foundation for money. Coincidentally, the original U.S. silver dollar received its name from a private, highly-regarded coin minted in the 16th century - the Joachims thaler.

We believe silver can continue to be part of a sound money policy - and will look for opportunities to incorporate it into future offerings.