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BitGold Now Accepting Multiple Crypto Currencies

8 Jun


We have already covered the BitGold service that offers an easy way to acquire Gold and to spend it for everyday payments or store it as an investment and you can also always redeem your gold for cash or have it physically sent to you. The service has had support for purchasing Gold with Bitcoins for quite some time already, but it seems that they have significantly expanded the number of supported crypto currencies that can be used. Below is a list of crypto currencies that are supported by the service for purchasing Gold, but do note that there are some additional limitations associated with Gold purchases using BTC or another cryptocoin.

Supported crypto coins for Gold purchase:
– Bitcoin (BTC)
– BitCrystals (BCY)
– Bitshares (BTS)
– Blackcoin (BLK)
– Clams (CLAM)
– Counterparty (XCP)
– Dash (DASH)
– Digibyte (DGB)
– Dogecoin (DOGE)
– Emercoin (EMC)
– Ether (ETH)
– Factoids (FCT)
– Litecoin (LTC)
– Maidsafe (MAID)
– Mintcoin (MINT)
– Monacoin (MONA)
– Monero (XMR)
– Namecoin (NMC)
– Novacoin (NVC)
– Nubits (NBT)
– Nxt (NXT)
– Peercoin (PPC)
– Reddcoin (RDD)
– Ripple (XRP)
– Shadowcash (SDC)
– Startcoin (START)
– StorjX (SJCX)
– Tether (USDT)
– Vericoin (VRC)
– Vertcoin (VTC)
– Voxels (VOX)

What still seems to be missing and what we want to see in the future is also the option not only to purchase Gold with crypto currencies, but also to withdraw it in BTC or another crypto currency. For the moment you can still only Redeem your gold owned via a bank transfer, to a prepaid card or in a physical form sent to you. You can of course use the Gold Backed Prepaid MasterCard that the service offers to do regular everyday payments just like you can do with any other MasterCard or send Gold to other users by email similar to how PayPal works for money. So pretty much the only thing that the service needs now is to add the ability to convert your Gold to Bitcoin or another crypto currency and have it sent to your digital wallet.

For more details about the Gold-centered digital payments service BitGold…

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2 Responses to BitGold Now Accepting Multiple Crypto Currencies

Phil G.

June 9th, 2016 at 05:00

If you want to use the prepaid card I’d say be careful . I bought gold last year with btc and for some reason it can’t be used for the prepaid card. I have only have 2 option: bank transfert or physical form. And you can’t choose the vault location. Only Dubai is available for purchase with btc … at least at that time.

They had a “coming soon” gold to btc option, but it got removed from the site.

But I don’t have problem with bank transfert and I can make some profit time to time.


September 6th, 2017 at 23:31

Here’s an interesting infographic comparing gold and Bitcoin’s price over the years:

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