Streets of Silver

Precious Metals

 

Streets of Silver (SOS) provides custondianship of all precious metals in exchange for Ripple IOUs which operate as warehouse receipts onto the physical assets we hold for our clientele. All deposits of precious metals incur a flat rate of 0.02 Troy Ounces per Troy Ounce of silver, gold, platinum, or palladium deposited.  All withdrawals of silver incur a flat rate of 0.05 Troy Ounces per troy ounce withdrawn.  For gold, platinum, and palladium, a fee  of 0.5% is applied to the withdrawal amount.  All shipping fees for deposits & withdrawals of precious metals are the responsibility of the client to fulfill.

Fiat Currencies

 

Streets of Silver (SOS) provides custondianship of Canadian Dollar (CAD) & United States Dollar (USD) in exchange for Ripple IOUs which act as warehouse receipts claimable on the funds held in our bank accounts.  The deposit and withdrawal flat rate fee for Canadian Dollars is $2.75, processed via Interac E-Transfer.  The flat rate deposit fee for United States Dollars (USD) is $5.  The withdrawal fee for USD is 2.5% of the total withdrawn plus a flat rate fee of $20.  More fiat currencies may be offered in the future, please watch this space for more information!

Cryptocurrencies

 

Streets of Silver (SOS) provides custodianship of Bitcoin (BTC) and Ethereum (ETH) in exchange for Ripple IOUs which act as warehouse receipts claimable onto the cryptocurrencies held in our wallets.  The deposit fee for BTC is 0.005 BTC plus 0.15% of the total deposited and the withdrawal fee for BTC is 0.0075 BTC.  The deposit fee for ETH is 0.005 ETH plus 0.15% of the total deposited and the withdrawal fee for ETH is 0.025 ETH.  You can also purchase XRP with us using the XRP Ledger with our IOUs!

Getting Started

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Navigate to the contacts page, fill out the form with your name and email then in the message field state that you would like to register an account.

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The administrator will contact you via email to perform our Know Your Customer (KYC) procedure in adherence with our Anti-Money Laundering (AML), Proceeds of Crime, and Financing of Terrorist Activities protocols.

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Once the administrator has verified your identity, your account will be activated and you will be free to deposit and withdraw assets from the Streets of Silver (SOS) Ripple Gateway.

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