Buy and sell gold

The fee for buying and selling gold on Copernicus Gold is 0.75% on the spread price.


Adding funds

Via bank transfer (within Singapore)

Copernicus Gold bank account is based in Singapore. Bank transfers from your bank account to Copernicus Gold's account - having as description your mobile number (i.e. your Copernicus Gold User Account) - will result in a transfer of 100% of the amount that you have requested. There are no charges from Copernicus Gold, however, depending on your bank, some charges may apply. Such transactions usually require zero to one working days depending on the time of the day when the transaction is initiated (banking definition: T+1)

Via bank transfer (outside Singapore)

Copernicus Gold bank account is based in Singapore. Bank transfers from your bank account to Copernicus Gold's account - having as description your mobile number (i.e. your Copernicus Gold user account) - may require you to decide whether you want to pay for the transfer fee or Copernicus Gold to be charged such fees. In the latter case, your Copernicus Gold User Account balance will be the credited after subtracting the bank fees charged to Copernicus Gold.

By credit / debit / prepaid card

Our card payment provider is Stripe. The fees charged for card topup are 3.4% plus SGD 0.50.


Withdrawal

Via bank transfer (within Singapore)

Copernicus Gold bank account is based in Singapore. GIRO bank transfers from Copernicus Gold's account to your bank account are charged SGD 0.20 and usually require zero to one working days depending on the time of the day when the transaction is initiated (banking definition: T+1).

Via card

Copernicus Gold is in process of issuing a digital card that will allow faster withdrawal of funds from ATM. The Copernicus Gold card will be launched in 2018.

Via bank transfer (outside Singapore)

International withdrawal is available, but charges largely depend on your country and your bank.


Account limits

  • Non-Relevant
  • Limited
  • Anyone can operate a Copernicus Gold account using their cellphone number as account number. The account is initially limited due to restriction imposed to Non-Relevant customers by the Monetary Authority of Singapore (MAS).
  • Limited maximum balance (SGD 250)
  • Monthly maximum transactions: SGD 250
  • Total maximum transactions: SGD 250
  • P2P and P2B transactions
  • IDENTIFIED
  • Relevant
  • Unlimited
  • The Monetary Authority of Singapore (MAS) requires that Relevant customers are fully identified through a KYC (Know Your Customer) procedure and photographic identification. Once fully identified, the maximum balance amount becomes unlimited.
  • Unlimited maximum balance
  • P2P Monthly max. transactions: SGD 5,000
  • P2B Daily maximum transactions: SGD 15,000
  • P2B Monthly max transactions: SGD 60,000