Why should I buy wine from Winecoin?
You will have access to wines that are far below retail price. In many cases, you will have access to the same wine sources that fine wine retailers use to purchase sought after wine. You could also chose to invest in wine as an asset class.
Who is Winecoin available to?
Winecoin is available to anyone around the world. Although, shipping to some countries may not be possible.
Can I buy wines by the bottle?
We only offer wines by the case. This helps to maintain the authenticity and increases the resale value. Most investment-grade wines are sold in original wooden cases (OWC) of 3, 6, or 12 bottles.
How liquid is my wine portfolio?
You may sell your wines at any time. We are connected to the the most liquid fine wine market in the world.
Who owns the wines I purchase on the platform?
You own all of your wine purchases, regardless if you chose to leave them in bonded storage. In the unlikely event that Winecoin went out of business, you could still collect your wine from London.
What is the insurance policy on my wine?
We offer a comprehensive third-party insurance policy that protects your wine at the full market value in the unlikely event that it is damaged.
Where is my wine stored?
All wine is stored in an industry-leading wine storage facility in London that is fully insured. The facility is bonded, and therefore there is no VAT or excise duty taxes when buying and selling wines. We are able to pass on these significant tax advantages to our customers.
What methods of payment does Winecoin accept?
Winecoin accepts credit card for your membership subscription. However, all wine trades are made Bitcoin (BTC), which can be purchased from a wide range of exchanges, and sent to your Winecoin wallet. We do not sell Bitcoin.
Does Winecoin ever hold custody over my Bitcoin funds?
No. Winecoin does not hold custody of your funds. You own your own keys, you can withdraw funds at any time, and Redeeem will never hold or freeze your coins for any reason. Even traders with suspended accounts will always be able to withdraw the entirety of their funds.