How It Works
Winecoin has partnered with Liv-ex to give users access to the world's largest fine wine exchange, which is made up of around 300 trusted sellers (negociants, distributers, and retailers). There is an estimated $500 million of wine inventory.
Wines in the Winecoin marketplace sell for wholesale prices, or 15-30% below retail. You will have access to the world's most collectible rare wines, that would be difficult to find elsewhere. Most wines are sold in the original wooden cases from the producer.
Winecoin mints an NFT on the blockchain for each bottle of wine in our marketplace. The wine is stored in temperature-controlled bonded warehouses in London, which are covered by a comprehensive insurance policy.
All wine in the Winecoin marketplace is contractually backed for condition and authenticity, which is a guarantee you will not find in the traditional secondary market. All wine that is purchased through Winecoin may be sold back into the exchange at any time, providing that seller has not withdrawn their wine from the storage facility.
You may withdraw your wine from the London storage facility at any time, and shipping worldwide can be arranged.