Bitcoin and gold are both highly sought-after commodities, with investors swapping their digital coins for physical gold and vice versa. Gold has been a stable investment for centuries, while Bitcoin is a relatively young and unproven investment. If you're looking to invest in Bitcoin Gold, there are several options available to you. You can use a platform like Bitgild, which allows you to buy gold with Bitcoin, Ethereum, stablecoins, and more. Alternatively, you can use a service like BitPay, which supports various cryptocurrencies and allows you to purchase gold from reputable dealers. It's important to remember that investing in any commodity carries risks, and you should always do your research before making any financial decisions.
Characteristics | Values |
---|---|
How to buy | Step 1: Add gold to your cart on the dealer's website. Step 2: Proceed to checkout and select "Cryptocurrency" as your form of payment. Step 3: Pay your invoice using BitPay. |
Accepted cryptocurrencies | Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dogecoin, Shiba Inu Coin, Dai, Binance USD, USD Coin, Wrapped Bitcoin, Pax Dollar, Gemini Dollar, and more |
Accepted exchanges | Coinbase, Binance, Kraken |
Accepted wallets | Trust Wallet, Trezor, Ledger, Exodus |
Gold dealers | APMEX, American Gold Exchange, Best Bullion, Bullion Exchanges, Global Vault Group, GoldSilver, JM Bullion, Provident Metals, Moro, OneGold, SD Bullion, Sharps Pixley, Treasure Island Coins |
Other options | Use the BitPay Card to buy gold bullion from any dealer that accepts MasterCard |
What You'll Learn
GoldSilver
- Shop and add whatever you want to your cart.
- Proceed to checkout and select "Cryptocurrency" as your form of payment.
- Pay your invoice using BitPay. You will receive an invoice with GoldSilver's BitPay address. Log into your BitPay wallet app, open it to the send payments screen, and scan the code to pay.
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BitPay
- Find the gold, silver, platinum, or other precious metals you want to buy from a reputable dealer.
- Add your desired items to your cart on the dealer's website.
- At checkout, choose BitPay as your payment method.
- Select the wallet and asset you want to use to pay.
- An invoice will be generated. Scan the QR code or copy and paste the payment details into your wallet.
- You will receive a purchase confirmation from the dealer, and you can see the transaction processed from your crypto wallet.
In addition to Bitcoin (BTC), BitPay and its trusted retailers support a wide range of cryptocurrencies, including Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), XRP (XRP), and Polygon (MATIC).
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APMEX
To pay using Bitcoin or other cryptocurrencies, customers must first select their desired products and proceed to checkout. At checkout, they can select Bitcoin/Bitcoin Cash as the payment method and will be presented with a BitPay invoice. Customers then have 15 minutes to submit their payment.
However, it is important to note that there are risks associated with using cryptocurrencies, such as the absence of buyer protections. All transactions made through Bitcoin are instant and irreversible, making it challenging to recover funds in cases of fraudulent purchases.
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American Gold Exchange
Step-by-Step Guide to Buying Gold with Bitcoin at American Gold Exchange:
- Ensure you have a crypto wallet that is supported by BitPay. Set up a wallet if you don't have one already. BitPay supports over 100 popular wallets, including Trust Wallet, Trezor, Ledger, and Exodus, as well as exchange-based wallets like Coinbase, Binance, and Kraken.
- Visit the American Gold Exchange website and browse their selection of gold, silver, and other precious metal products. Add the items you wish to purchase to your cart.
- Proceed to checkout and select BitPay as your method of payment.
- Choose the wallet and cryptocurrency you want to use to pay for your purchase.
- An invoice will be generated. Scan the QR code or copy and paste the payment details into your wallet to complete the transaction.
- You will receive a purchase confirmation from American Gold Exchange, just like with any other payment method. Your transaction will be processed from your crypto wallet.
Benefits of Buying Gold with Cryptocurrency:
- No banks are necessary: You can buy gold without using a traditional bank account or money transfer service.
- Speedy transactions: Cryptocurrency transactions are often faster than traditional payment methods, with processing times ranging from seconds to minutes.
- No tricky exchange rates: Cryptocurrency transactions are not subject to the same cross-border currency conversion fees as fiat currencies.
- Low fees: Cryptocurrency transactions typically have lower fees compared to wire transfers or other traditional payment methods.
- Secure: Paying with crypto can be safer than using credit cards, as it does not expose your personal financial information to the merchant.
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Best Bullion
- Browse the Best Bullion website and add your desired gold or silver bullion products to your cart.
- Proceed to checkout and select cryptocurrency as your preferred payment method.
- Choose your crypto wallet and the specific cryptocurrency you want to use to pay.
- An invoice will be generated, and you will be provided with payment details.
- Scan the QR code or copy and paste the payment details into your crypto wallet to complete the transaction.
Additionally, Best Bullion offers competitive pricing on its bullion products, allowing customers to invest in precious metals without incurring excessive premiums. This makes Best Bullion an attractive option for those seeking to maximise the value of their crypto investments.
By choosing Best Bullion, you can benefit from the convenience of investing in bullion with crypto while also enjoying the security and confidence that come with dealing with a reputable and customer-centric company.
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