How to buy gold using bitcoin

Check Order Status. You can always view the current price by visiting our bitcoin price page. Any refunds made on Bitcoin purchases will be made through Bitpay in Bitcoin at the U.

GoldSilver

The traditional move would be to hedge against stock volatility with gold. This has proven an effective method in the past, but a new alternative is challenging the old-school safe-haven. Bitcoin is a flashy new asset with all the properties of a currency, but with some unique features that make it bitcoiin viable haven. These differentiators, along with a vocal and loyal backing, how to buy gold using bitcoin led Bitcoin to become an alternative means to reduce exposure to stocks safely. There are several factors that make gold a strong safe-haven asset.

Create an Account

Many Bitcoiners decide to dip their toes into less volatile assets such as precious metals like gold and silver. More and more bullion companies offer the ability to buy gold with bitcoin with close to no fees, or even discounts. GoldSilver is a company founded by Mike Maloney, a well-known precious metal advisor and a best-selling author. It offers precious metal bars, coins and jewelry and ships them directly to the investors all around the world. This company offers purchases via Bitcoin besides other forms of payment. While Bitcoin is set as the main form of cryptocurrency payments, altcoins can automatically be swapped for Bitcoin via ShapeShift or Changelly service providers.

How is Bitcoin created?

JavaScript seems to be disabled in your browser. You must have JavaScript enabled in your browser to utilize the functionality of this website. Although the concept of a cryptocurrency having no central authority was designed init took 11 years to create the first digital currency based on a decentralized payment network — the Bitcoin. Today, you will be surprised what you can buy with bitcoin and how it became an international currency.

Since its debut inover 13 million people started using the new electronic currency to send and receive payments or make purchases. Its numerous advantages made bitcoin a convenient payment method, being adopted by various businesses around the world, including bullion and precious metals dealers.

However, you should keep in mind that bitcoin is still in the development phase and there are a lot of things you should know and understand how to buy gold using bitcoin this payment option before you buy gold with bitcoin. Bitcoin is a digital currency governed by cryptography, being generated based on mathematics, computer science, and electrical engineering. The system is P2P peer-to-peerand all bitcoin transactions take place directly between two users, with no intermediary, for which is called the first decentralized digital currency.

Network nodes verify Bitcoin transactions and are recorded in a blockchain — a public distributed ledger where all business transactions and amounts are kept. Successful users miners are rewarded with newly created bitcoin and transaction fees. With an average of aboutdaily transactions, bitcoin payments became how to buy gold using bitcoin attractive that more and more people and businesses start to use it.

The list of bitcoin payments advantages is quite impressive. But before making any purchases using bitcoin, you should:. The wallet is basically the equivalent of a bank account which allows you to receive, hold, spend or send your bitcoin. There are several ways of acquiring bitcoin, the most common being by:. Keep in mind that some methods of purchasing bitcoin are instant while others may take up to a few days. Once your bitcoin currency is reflected in your wallet, you can buy gold with bitcoin.

After your payment is submitted, it will take up to 24 hours for your payment to gain the 6 confirmations on the Bitcoin network. Each block represents a set of new unique bitcoin transactions and every time a new block is built it means that the older blocks have been reconfirmed.

Six confirmations blocks is the general recommendation for being Bullion Exchanges is committed to offering the most convenient payment methods when purchasing any precious metals on our website. My Cart: 0 item s 0. How to buy gold with Bitcoin. What is Bitcoin? How is Bitcoin created?

Also, there are additional methods of adding extra protection encryption and backup. However, transactions can be refunded by the person or entity receiving the payment based on their Refund Policy.

But before making any purchases using bitcoin, you should: Select a bitcoin wallet Fund it with bitcoin. Unlike card transactions, bank transfers have a certain processing period, so funding your bitcoin wallet by using this method may take up to days. Buy Gold with Bitcoin Once your bitcoin currency is reflected in your wallet, you can buy gold with bitcoin.

When the invoice is displayed in your app, just approve it, and the amount will be sent to Bullion Exchanges. Buy Now. Investing in Physical Metals. Numismatics and Collectibles. Pricing, Payments, Savings Tips. Protect and Store Precious Metals. IRA and Retirement. Modern Bullion Mintages. Have questions? Contact our precious metal experts. Live Chat Customer Info. My Account. Find What You Need. All Rights Reserved.

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How is Bitcoin created?

They have a wide variety of coins, but also offer gold barsrounds, statues, bullets and other accessories. Dollar rate at time of refund. GoldMoney currently offers gold, silver, platinum and palladium bullions. They also buy precious metals from their customers. Visit GoldSilver. Edit Cart. To complete the checkout process, your name, billing address, phone number and shipping address must all be provided. In addition to displaying the current bitcoin price, our interactive charts allow you to examine historical bitcoin prices.