Can you buy gold with Bitcoin? What about other cryptocurrencies?
The answer to both questions is "Yes!"
Since Bitcoin was founded in 2008, its price has skyrocketed. As a result of the increase in value, its acceptance as a payment method spreads. It's no wonder why: Bitcoin is a currency and online payment system combined into one.
And the crypto revolution has caused an explosion in the number and value of other digital currencies, including Ethereum, Ripple, Litecoin and hundreds of others.
As this new sector develops, GoldSilver has witnessed tremendous growth in "pair trading" between gold and crypto - investors who trade their digital coins for physical gold and silver, and sometimes return, use precious metals to diversify and as a stable store of value. . during hard times.
That's partly because it's fairly easy to do, even if you have tokens other than Bitcoin.
In fact, GoldSilver is one of the first global e-tailers to offer bitcoin-based purchases. That continues today, as we accept Bitcoin and Bitcoin Cash directly - along with many other cryptos via convenient exchange services.
Own One of Their Bitcoin Cousins? No problem
If you are an active crypto investor and own one of the many cryptocurrencies, you can still exchange some of that holdings for gold and silver.
Just exchange it for bitcoins and you are ready to buy gold bullion. You can use services like ShapeShift or Changelly, or trade on popular exchanges like GDAX / Coinbase or Bittrex to convert your alternative coins to Bitcoin, which will allow you to make direct purchases of metals. Or, in a pinch, you can sell cryptos for US dollars and then buy by check, debit / credit card, or bank transfer.
Whatever you do, it's important to be mindful of your level of risk when buying gold with Bitcoin. And the best way to minimize that risk is to use a trusted dealer. GoldSilver has served customers around the world for over a decade, has sold billions of dollars in metal, and is independently verified as one of the most trusted dealers.
And one of the reasons we've earned that reputation is because we've made the process easy and low cost.
How to Buy Gold With Bitcoin on GoldSilver
It's as easy as 1-2-3! Here are three basic steps to follow (which are clearly explained when you are processing an online payment).
Step 1: Shop! Add whatever you want, as much as you want, to your basket.
Step 2: Proceed to payments and select Bitcoin as your form of payment. It will look something like this:
Step 3: Pay your invoice. You will receive an invoice with our Bitcoin address.
Log into your Bitcoin wallet app - make sure it supports the new bitcoin payment protocol, or transfer to a supported wallet - and open it to the send payment screen. Then just scan the code to pay.
Once your order is confirmed, you will have 15 minutes to pay your invoice.
Please note that your order can be in a pending status for up to one business day. That's because the payment goes through several Bitcoin "blocks" for approval. So don't worry if it takes 24 hours for your payment confirmation email to arrive. While not instantaneous, Bitcoin is still one of the fastest forms of payment we process.
And here's one of the cheapest: GoldSilver is currently offering Bitcoin customers a 3% discount from our regular price on all orders. Don't forget that the Bitcoin network also charges transaction fees, although they are usually small.
GoldSilver currently accepts Bitcoin transactions of up to $ 1,000,000 per online order. If you want to make a bigger order, you can, just contact our customer service team to arrange it.
If you need other assistance with your Bitcoin transactions, simply call us at 1-888-319-8166 (US and Canada; international 001-310-566-6655) or send us an email. If not, happy shopping!