How to buy gold and silver with crypto?

in this image to men are sat at a conference like table, both parties has either gold crypto coins or silver bullion coins, it seems as if they are attempting to buy silver with crypto or possibly buy the crypto with silver coins

How to buy gold and silver with Bitcoin and other cryptocurrencies?

 

Buying gold and silver bullion with bitcoin or other cryptocurrencies is a terrific way to diversify your portfolio while limiting the risk and volatility that the crypto market is known for. So, here’s how to buy gold and silver with cryptocurrency.

Gold has proven to be one of, if not the most, solid investments available, providing you with security that no other asset can match.

Silver is also an inflationary asset, a monetary metal, a major component of the green revolution, and is now undervalued historically.

Advantages:

  • Cryptocurrency markets are incredibly volatile right now, which is wonderful for short-term gains but also a significant danger if you’re investing for the long haul.
  • Gold has proven to be one of the most stable assets in history, offering a sense of security that no other asset, even crypto currencies, can match.
  • In comparison to traditional marketplaces, purchasing and selling gold and silver with cryptocurrency is quite simple.
  • The physical asset provides a sense of security that no other digital asset can; it is palpable and so has true worth in the majority of circumstances.

Disadvantages:

  • When buying gold or silver with cryptocurrency, determining the exact price might be difficult.
  • When buying precious metals with cryptocurrency, you normally pay a little premium.

Is it right for you to buy gold and silver with cryptocurrency?

 

Here are some pointers to consider when deciding whether or not buying gold and silver with cryptocurrencies is the best option for you:

  • Do you think inflation will become a serious issue in the next few years? This is not a novel concept; it has occurred hundreds of times throughout history.
  • Do you think a significant economic disaster will come in the next few years, and would you like to hedge your bets against it? If that’s the case, gold and silver are excellent options to explore.
  • Are you concerned about cryptocurrency volatility and want to hedge your bets with a more stable asset? If that’s the case, gold and silver are excellent options to explore.
  • Do you prefer to have real possessions rather than digital assets that might be hacked and stolen from exchanges?

If you answered yes to any of these questions, buying gold and silver using cryptocurrency is a fantastic option for you!

As previously stated, there is a premium associated with acquiring gold and silver with bitcoin.

When viewed in a bigger context, this makes sense: you’re not just buying gold or silver; you’re investing in a physical, tangible asset with thousands of years of history.

There will always be a risk connected with purchasing actual gold and silver, but there are also considerable benefits to doing so.

If you want to buy from a more traditional bullion dealer, there are a number of companies, such as BullionStar, that will allow you to do so.

Inflation is expected to become a concern in the next few years, so hedging your bets against it by acquiring gold and silver with cryptocurrencies is a smart move.

image of a selection of silver bars and coins, the coins are not traditional they feature a well kwon crypto embelism (bitcoin) the image purpose is to who the relationship of buying silver/gold using non traditional crytpcurrency

 

So, how do you buy gold and silver with cryptocurrency?

 

BullionStar, an online bullion dealer, accepts cryptocurrency payments for its gold and silver bullion goods, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.

You can also examine product prices, spot prices, trends, account history, and more in these coins for crypto enthusiasts.

 

How to buy gold and silver with crypto?

 

We’ve put up a step-by-step guide on how to buy gold and silver using cryptocurrency, using BullionStar as an example of a reputable dealer who accepts crypto payments.

#1 Create a BullionStar account. It’s a no-brainer because the process is quick and easy, plus you’ll get 10 grams of free silver.

#2 You can now use cryptocurrencies to make payments! Yea, for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum!

#3 Click on the category you wish to see prices for, such as gold coins or silver bars, to see prices in Bitcoin or the cryptocurrency of your choice.

#4 To add your desired product to the Shopping Cart, fill in the amount to the left of the “Add to Cart” button and click “Add to Cart.”

#5 The item has been added to your shopping cart! By choosing “Proceed To Checkout,” you can either continue shopping or proceed to the checkout.

#6 During the checkout process, your chosen cryptocurrency will be selected as your payment option by default.

Select a delivery mode and, if necessary, update or complete your customer information.

If this is your first time ordering Vault Storage, you’ll be prompted to choose a PIN number, which will be required for any subsequent purchases.

Done!

As soon as the cryptocurrency transaction is confirmed, you will receive an e-mail and SMS text message confirming the money received order status.

Congratulations!

You’ve successfully purchased gold and silver using cryptocurrency!

BullionStar is a wonderful place to start if you’re looking for a reputable firm to buy precious metals like gold and silver from.

BullionStar is one of the few companies that accept bitcoin for the purchase of actual gold and silver bullion.

They make buying gold with cryptocurrency simple and straightforward.

Conclusion

Bitcoin and other cryptocurrencies have grown in popularity as a means of purchasing gold and other precious metals, with many firms now accepting them as payment.

Because of its numerous advantages, bitcoin and cryptocurrency in general are rapidly gaining traction among a growing number of people around the world, including bullion dealers who require immediate access without additional fees or delays due to their location in the countries where they operate.

a image of a single silver coin with the bitcoin logo on the side, the coin is held above a pile of silver coins, These coins dont exist, the idea is to show the user that silver coins can be purchased with crypto currency.

FAQ

 

1. Is it possible to buy gold and silver with cryptocurrency?

Yes, an increasing number of bullion dealers are now offering crypto payment services as a checkout option.

2. Is there a minimum or maximum amount that can be paid in Bitcoin or other crypto?

Payments in Bitcoin, Bitcoin Cash, and Litecoin, for example, have no minimum buy or sell amount at BullionStar.

The minimum buy and sell amount for Ethereum payments is ETH 0.5.

The maximum sum for purchase and sell orders in BTC, BCH, LTC, and ETH is now roughly £800K per transaction.

You can, however, contact the dealer directly if you want to settle an order for a larger amount.

3. Is it legal to purchase gold and silver using cryptocurrency?

As more people adopt bitcoin, the idea of utilising it to buy precious metals is gaining support.

It’s pretty uncommon for dealers in places like the United Kingdom or Singapore to sell gold for bitcoin lawfully (depending on local laws), but always double-check before buying.

4. Is it possible to sell my gold and silver and receive payment in Bitcoin or other cryptocurrencies?

Yes! It’s simple to trade gold for Bitcoin, Bitcoin Cash, Ethereum, or Litecoin at BullionStar, for example. Simply select the coin you wish to sell and fill out the sale checkout page using your crypto address.

by Rachel Buscall

by Rachel Buscall

Co-Founder & Managing Director at New Capital Link. Having started her career in the financial sector, Rachel demonstrated a natural flair for entrepreneurship.

New Capital Link

Alternative investment specialists offering structured opportunities across the UK & Overseas.

New Capital Link is a boutique London-based introducer that offers unique UK & global investment opportunities worldwide.

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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be very complex and high risk.

What are the key risks?

1. You could lose all the money you invest

If the business offering this investment fails, there is a high risk that you will lose all your money. Businesses like this often fail as they usually use risky investment strategies. 

Advertised rates of return aren’t guaranteed. This is not a savings account. If the issuer doesn’t pay you back as agreed, you could earn less money than expected or nothing at all. A higher advertised rate of return means a higher risk of losing your money. If it looks too good to be true, it probably is.

These investments are sometimes held in an Innovative Finance ISA (IFISA). While any potential gains from your investment will be tax free, you can still lose all your money. An IFISA does not reduce the risk of the investment or protect you from losses.

2. You are unlikely to be protected if something goes wrong

The business offering this investment is not regulated by the FCA. Protection from the Financial Services Compensation Scheme (FSCS) only considers claims against failed regulated firms. Learn more about FSCS protection here. https://www.fscs.org.uk/what-we-cover/investments/ or

Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here. https://www.fscs.org.uk/check/investment-protection-checker/

The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here. https://www.financial-ombudsman.org.uk/consumers

3. You are unlikely to get your money back quickly

This type of business could face cash-flow problems that delay interest payments. It could also fail altogether and be unable to repay investors their money. 

You are unlikely to be able to cash in your investment early by selling it. You are usually locked in until the business has paid you back over the period agreed. In the rare circumstances where it is possible to sell your investment in a ‘secondary market’, you may not find a buyer at the price you are willing to sell.

4. This is a complex investment

This investment has a complex structure based on other risky investments. A business that raises money like this lends it to, or invests it in, other businesses or property. This makes it difficult for the investor to know where their money is going.

This makes it difficult to predict how risky the investment is, but it will most likely be high.

You may wish to get financial advice before deciding to invest.

5. Don’t put all your eggs in one basket

Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. 

A good rule of thumb is not to invest more than 10% of your money in high-risk investments. https://www.fca.org.uk/investsmart/5-questions-ask-you-invest

If you are interested in learning more about how to protect yourself, visit the FCA’s website here: https://www.fca.org.uk/investsmart

For further information about minibonds, visit the FCA’s website here.https://www.fca.org.uk/consumers/mini-bonds