| What purity of gold do I get? |
24k Gold with 99.99% purity fully certified and securely stored in insured vaults. |
| Can I sell gold anytime? |
Yes, you can sell gold 24/7 directly within the Botim app. Transactions are instant, and sale proceeds will be credited to your wallet instantly. |
| Is my gold safe? |
Absolutely. Your gold is safely stored in insured vaults and managed by a licensed, regulated gold provider. |
| How do I earn extra gold? |
All purchased gold is auto-leased via our regulated partner, OGold, earning ~3% in extra gold per annum, credited monthly to your gold balance in grams. Example, if you have 100 grams gold from day 1, if you keep it in 1 year, you will have ~3 grams extra. In total you will have ~103 grams |
| What is auto-leasing? |
Auto leasing means your gold is automatically lent via our trusted partner to generate returns. You continue to fully own the gold. |
| Can leased gold be sold anytime? |
Yes, you can sell your gold anytime, even if its leased. Proceeds are instantly credited to your Botim wallet. |
| When are earnings credited? / What is the payout date for extra gold? |
Your monthly leasing returns (extra gold) are credited on the 5th of every month and appear in your portfolio under “Earnings” |
| How is the total return calculated? |
Total return = ~3% per annum in extra gold (from leasing) + ~13% per annum increase in market price of gold |
| Do I need to complete KYC to invest in Gold? |
Yes, you will need to complete a quick Emirates ID + selfie verification before investing |
| How can I track my gold investments? |
You can monitor your gold balance, live value, leasing returns and full transaction history anytime in the Botim Gold dashboard |
| What is Current value? |
Current Value is the estimated worth of your gold, calculated using the current market buy price per gram multiplied by the grams you own |
| What is Sell balance? |
Sell balance is the value of your gold calculated using the current market sell price per gram. This amount reflects what you would receive if you sold all your gold at today’s sell rate. |
| What's the minimum amount I can use to buy gold on Botim? |
The minimum transaction is 46 AED. |
