Is Silver Token Legit? (Investing By Blockchain?) (2024)

March 6, 2024

Welcome to my Silver Token review.

In this day and age, there are a lot of ways to invest money.

Contrarily, some of us want to protect our money.

This Silver Token review will tackle a firm that does both.

But our readers have some burning questions:

  1. How can silver and technology work together to bring financial stability? 
  2. Is it the new and improved way of investing your assets? 
  3. If so, what are some of the necessary knowledge you need to learn before working with Silver Token?
  4. And the big one, is Silver Token Legit?

Such questions are the focus of this article.

So, please sit back and relax as I lay down my observations regarding this firm. 

Nevertheless, you can also do your research to supplement my findings.

Without further ado, let us start this Silver Token review.

Silver Token Review Quick Summary

Name: Silver Token

Website: https://silvertoken.com/

CEO: Richard Malik

Account minimum: No information available

Fees: No information available

Promotion: Buyback policy

Rating: 3/5

silver token logo

What is Silver Token?

silver token website

As a start, Silver Tokens came into the industry in 2017. Admirably, they managed to combine investing and blockchain technology. As of the moment, they have SilverTokens (SLVT) as their digital format.

To explain further, SLVT represents possessing silver coins in their physical form.

First and foremost, it relies on the Ethereum blockchain.

By this writing, 1 SLVT equals 1.035732 ounces of investment-grade silver.

In addition, 1 SLVT equates to $24.

Currently, silver is a stable asset and has retained its value.

Moreover, like gold, it retains its value even during times of uncertainty.

Take, for example, situations wherein there is a high inflation rate or national economic fluctuations.

With Silver Token, they claim to ‘protect your wealth with sound money.’

Additionally, they are educating their potential clients about the ins and outs of this business.

For starters, they have their own YouTube channel.

Regarding partnerships and associations, they have 12 secured vaults across eight politically-stable countries.

Furthermore, they are on good terms with firms such as Loomis and SWP (Strategic Wealth Preservation).

But is Silver Token the best method of investing in today’s market?

Also, are their products and services fair and stable? 

Lastly, how does it compare to the big names in the precious metals industry, such as Augusta Precious Metals?

For that, please take a look at the following points.

Silver Token Products and Services

As previously stated, Silver Tokens utilize a unique method of protecting your assets.

Please take note: buying silver in its physical form requires a lot of effort.

Therefore, Silver Token took advantage of the benefits of using blockchain.

This company uses SilverToken (SLVT), particularly silver, as proof of ownership.

In simpler terms, this can be considered as a vault receipt, check, or proof token.

However, this is not a cryptocurrency!

On top of that, if you want to sell your SLVT, this company will buy it from you immediately.

Take note that your SLVT's price tag will depend on the spot price for silver.

Silver Token allows you to buy back.

For more information, look at how SLVT compares to another form of investment asset.

How Silver Token Work?

To enumerate, these are the steps you need to follow if SLVT appeals to your fancy.

  1. Select your digital wallet. First and foremost, you need Ethereum (ETH) and a wallet that supports ERC-20 tokens.
  2. Set up your wallet. Next, you can utilize the links given by Silver Token for their SLVT Smart Contact Address. Your account will then be able to conduct business with SLVT.
  3. Buy SLVT—You can now start purchasing SLVT at the live silver price. Remember, a minimum purchase of 0.2 ETH (roughly $325) is required.

If you want to redeem your silver, you can do so in any of their 12 vaults.

Note that a minimum withdrawal of 2 bars (equivalent to 200 ounces) is required.

 Here are the top 4 Companies to Buy Silver & Gold from in 2024 >>

SLVT Takeaways

Fortunately, Silver Token gives us a concrete explanation of why the company started doing this form of investment.

They perpetually believe that the subsequent global financial crisis is looming.

As such, they believe SLVT to be the new way of protecting your wealth. 

In their words, government currencies will come into ruin.

In addition, the currency is slowly destroyed by over-creation of it as well as inflation rates.

Now, they also list the benefits of investing in silver through SLVT.

According to them, silver, as well as any precious metals, is a legal tender.

Thus, it can be used as an asset to protect your wealth.

Consequently, here are some central concepts and key points you must know.

Personally, it was quite interesting browsing through these, as they really outline other vital offers that this company has.

  • Registering as a Merchant—As a merchant, you will receive a portion of sales and fees. You will also benefit greatly from transacting with Silver Token.
  • Becoming a Silver Token Ambassador: You will receive a commission as an ambassador. For example, you will receive a fair commission when someone clicks your ambassador link and purchases SLVT.
  • Redeeming SLVT is quite easy! First, submit a redemption form. Second, transfer your SLVT so that it goes out of circulation. Lastly, pick up your silver at any of the 12 accredited vaults.

Silver Token Customer Ratings and Reviews

Now, here goes the most intriguing part.

As stated, Silver Token only started in 2017.

Moreover, they are doing business in a new way, namely blockchain.

That is why there are no reviews from reputable organizations at the moment.

Nevertheless, I have also not encountered any single report about them of scams or any fraudulent acts.

Hence, the lack of good words may be because of their little online presence.

However, I will still update this review as soon as I find a meaningful one.

For now, I suggest conducting business with a respectable precious metal firm.

 Augusta Precious Metals, a leading gold IRA company, is a big name in the industry.

Silver Token Pros & Cons

Pros

  • New method of investing through blockchain
  • 12 global vaults that are private and fully insured
  • 24/7 Availability to sell back to them
  • Small share of all transaction fees
  • No account creation needed
  • SLVT are safe, stable, and is a real asset

Cons

  • No other precious metals offering
  • No IRA offerings
  • Prices and fees are undisclosed
  • Few ratings and reviews since it is still new
  • Not a cryptocurrency
  • Online platform contains a lot of irregularities

Is Silver Token Legit? Final Review

Yes, Silver Token is legit. They have a unique way of offering investors a chance to use their assets efficiently. Not only that, but they are trying out a new way of investing. 

In most cases, businesses or companies that try new methods need help to stay afloat.

However, Silver Token is still in the industry after almost five years.

Next, they offer educational resources such as blogs and videos to further their campaign about silver investing

Interestingly, their methods of explanation are convincing and easy to follow.

However, there are still some weaknesses that Silver Token needs to address.

For one, they still have no relevant reviews and ratings.

That is why a significant innovation is needed to improve their online presence. 

Plus, their product and service offerings could be much better.

Other big firms, such as Augusta Precious Metals, offer self-directed IRA services and precious metals.

As usual, I extend my thanks and appreciation to you for reading my silver token review. 

Do leave any comments and suggestions in the appropriate section below.

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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