Posts Tagged ‘buy gold with BTC’

BitGold Now Accepting Multiple Crypto Currencies

8, Jun 2016

bitgold-main

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…

Start Using Gold as a Means for Everday Digital Payments

12, Jun 2015

bitgold-screenshot

Gold has been around for ages and is probably the most universal means of long term and reliable investment, but there is a new company that wants to change the way people think about Gold and use it. Sure you can buy Gold with Bitcoin or cash and have it delivered to you and you can then sell the Gold you own physically, but that is not so easy and convenient. This is exactly what BitGold is trying to change by offering an easy way to acquire Gold and to spend it for everyday payments or store it as an investment and you can also request to have it sent to you in a physical form. The company is providing users with a secure vault account to purchase and hold Gold, the ability to make and receive instant Gold payments, and a debit card for spending Gold at traditional points of sale. All of the Gold you own is also fully redeemable as 1kg Bullion Bars or 10g GoldCubes at any time, so you always have the traditional old way of long term investment.

bitgold-debit-card

The idea behind BitGold has a similar concept to that of Bitcoin and other digital currencies. The service however has nothing to do with Bitcoin directly, even though its name even includes Bit, there is no direct relation with Bitcoin, although you can already use Bitcoins to directly purchase Gold in the service and hopefully soon be able to also withdraw in BTC. This is just an example of how things like Bitcoin are already starting to affect the way things are and how new ideas that may not have anything to do with Bitcoin directly can turn out to be quite an interesting and attractive alternative choice for your digital payment needs. So if this sounds interesting to you, then you might want to check out the new service and turn some Bitcoins into Gold, you can quickly and easily register and it is free and not to mention that you will also get some bonus Gold deposited in your account after finishing the registration successfully.

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

Buying Gold and other Precious Metals with Bitcoins

5, Jun 2015

gold-bars-for-bitcoin
Gold has been used as an universal currency for thousands of years and during all this time the value of gold has remained relatively stable and that is precisely why it is a good choice for a reliable and secure long term investment. The same can be said about some other precious metals that such as Silver or Platinum as unlike fiat currency precious metals cannot be printed whenever you need more – there is a limited supply. Bitcoin, just like gold and other precious metals, has a limited supply and does sound like a good long term investment if you believe in the future of crypto currencies. But unlike gold, BTC and other crypto currencies are a more risky investment, though they can be more rewarding as their value is going up (it can go down as well). So a smart thing to do is to diversify your investment portfolio and not focus on only a single thing, so more and different crypto coins as well as turning some of the coins into an investment in gold or other precious metals would be a smart idea.

The good thing is that there are already quite a few precious metals dealers that accept not only Bitcoin but other cryptocurrencies as well, so it is relatively easy to turn your virtual crypto coins into physical Gold coins, for example, if you’re looking to buy gold coins Brisbane.

amagi-metals
When talking about precious metals dealers that do accept Bitcoins as a payment method one name is often cited in the world of crypto currencies and that is Amagi Metals. It may not be the first company to accept BTC for precious metal purchases, but it is one of the most trusted names in the community when talking about spending Bitcoins to buy precious metals. Now, purchasing precious metals such as Gold can be done using various payment methods such as with a Bank Wire, Personal Check, Money Order and Cashier’s Check, PayPal or by Credit Card, but using BTC has some advantages. usually if you purchase Gold using Bitcoin you can have a higher purchasing amount, there are no extra processing fees (you might even get a discount off the regular price) and the payment clearing time is shorter, so that you can get your precious metal coins or bars shipped to you faster. So if you are interested in purchasing some Gold or other precious metals using BTC as a payment method you check out Amagi Metals as a good starting point, the company is based in Denver, Colorado, USA, however they are shipping worldwide.

Now if you are not based in USA you might want to order from a precious metals dealer that accepts Bitcoin payments and is closer to you to avoid possible problems with customs, so for example if you are based in Europe and a part of the European Union you might go for Bit Gild who are based in Netherlands. There are of course some other precious metal dealers that accept crypto currencies such as Bitcoin that you might want to check out, so you can also look at the offers from Provident Metals or a company previously known as Euro Pacific Precious Metals and now ShiffGold, both USA-based or Bitcoin Commodities shipping form EU and USA or Bullion Star based in Asia and quite a few more. There is another interesting new alternative to just purchasing Gold and getting it physically sent to you, the service BitGold offers you to purchase Gold with fiat and BTC and you can not only store it in your account or redeem it in physical form should you decide you want it, but also use it as a means for digital payments.


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