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As one of the oldest commodities in history, precious metals like gold and silver have been and likely will continue to be incredibly desirable. Now, you buy gold with a (slightly) newer commodity: Bitcoin (BTC).
If you’re looking to hedge the volatility of crypto or grow your collection of precious metals and coins, BitPay has created this helpful guide on buying gold with Bitcoin, Ethereum and other cryptocurrency.
How to Buy Gold With Crypto from a Reputable Dealer
Ensure you have a crypto wallet that is supported by BitPay. BitPay supports over 100 of the most popular wallets like Trust Wallet,Trezor, Ledger, Exodus, plus exchange-based wallets like Coinbase, Binance and Kraken. Don’t have a wallet? Setting one up is easy!Find the gold, silver, platinum or other precious metals you’d like to buy. Add to your cart on the dealer’s website. We have a list of reputable dealers that accept crypto payments below.At checkout, choose BitPay as your method of payment.Select the wallet and asset you’d like to use to pay for your gold or precious metal.An invoice will be generated. Scan the QR code or copy and paste the payment details into your wallet.You will receive your purchase confirmation from the dealer exactly as you would with any other payment method. You will see your transaction processed from your crypto wallet. Congratulations! You’ve just purchased gold with crypto! Â
Several reputable gold and precious metal dealers partner with BitPay to accept Bitcoin and cryptocurrency. The sales process is as secure and easy as any other payment method.
If you’re ready to buy gold with crypto, visit one of these trusted gold retailers that accept Bitcoin and crypto.
APMEX
APMEX is a leading online retailer of precious metals, offering a wide selection of gold, silver, platinum, and palladium products with secure storage and IRA options.
American Gold Exchange
American Gold Exchange is a reputable dealer specializing in buying and selling gold coins, silver coins, and other precious metals at competitive prices.
Best Bullion
Best Bullion is an online marketplace that offers a variety of gold and silver bullion products at competitive prices, with a focus on customer satisfaction and secure transactions.
Bullion Exchanges
Bullion Exchanges is a trusted online retailer that offers a wide range of gold, silver, platinum, and palladium bullion and coins, with secure shipping and storage options.
Global Vault Group
Global Vault Group is a secure storage solution provider that offers safety deposit boxes and vault storage for gold, silver, and other precious metals, with locations worldwide.
GoldSilver
GoldSilver is an online retailer that offers a wide selection of gold and silver bullion, coins, and bars, with educational resources and secure storage options.
JM Bullion
JM Bullion is a leading online retailer that offers a wide variety of gold, silver, platinum, and palladium bullion, coins, and bars, with competitive prices and secure shipping.
Provident Metals
Provident Metals is an online precious metals dealer that offers a wide selection of gold, silver, platinum, and palladium products, with secure shipping and storage options.
Moro
Moro is a precious metals dealer that offers a wide range of gold, silver, platinum, and palladium products, with a focus on customer service and competitive pricing.
OneGold
OneGold is a digital marketplace that allows users to buy, sell, and manage digital gold and other precious metals, with secure storage and redemption options.
SD Bullion
SD Bullion is an online retailer that offers a wide selection of gold, silver, platinum, and palladium bullion, coins, and bars, with competitive prices and secure shipping.
Sharps Pixley
Sharps Pixley is a London-based precious metals retailer that offers a wide range of gold, silver, platinum, and palladium products, with secure storage and investment services.
Treasure Island Coins
Treasure Island Coins is a precious metals dealer that offers a wide selection of gold, silver, platinum, and palladium coins and bullion, with competitive prices and personalized service.
See all major companies that accept Bitcoin in our Merchant Directory
Buy Gold with Crypto Using the BitPay Card
The BitPay Card works like any other debit card. However, instead of funding the card with your bank account, you fund it from your preferred crypto wallet. Use the BitPay Card to buy gold bullion from any dealer that accepts MasterCard. This method may be right for you if your purchases will remain under the card’s spending limits or you’d like to fund ongoing purchases with crypto.
How to Buy Gold with Crypto Using the BitPay Card
Download the BitPay Wallet app for Android or iOS.Sign up for the BitPay Card. Get approved in minutes with no impact to your credit.Find gold, silver, platinum or other precious metals you’d like to buy.Add funds to the card through the BitPay App.At checkout, use the BitPay Card like any other debit or credit card.
You can continue to use the BitPay Card to pay for gifts, travel, treat yourself, and live on crypto! Ready get the sign up for the BitPay Card? Download the BitPay app to get started.
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Why Buy Gold with Bitcoin?
While Bitcoin and other crypto have seen explosive growth since its introduction in 2009, gold bullion has consistently risen in value for centuries. Gold may not always outperform other investment vehicles, but there are several reasons it’s consistently used as a hedge against volatility. Gold is valued across the globe. It holds value even while political and financial uncertainty exist. And similar to crypto, it has an extremely liquid market in which gold can be exchanged for fiat.
Using cryptocurrency to buy gold presents a few unique benefits over traditional payments:
No banks necessary: buy gold without using a bank or money transfer accountSpeedy transactions: transactions can be processed in seconds (speeds vary by crypto used)No tricky exchange rates: Regardless of where you reside or where the gold dealer is located, make transactions across borders without currency conversionsLow fees: Forget wire fees – pay a low, transparent fee when buying gold with cryptoSecure: Paying with crypto is safe without common risks associated with credit cards
FAQs About Buying Gold with Crypto
What cryptocurrency can I use to buy gold?
In addition to buying gold and silver with Bitcoin (BTC), BitPay and its trusted retailers support Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), XRP (XRP), Polygon (MATIC), ApeCoine (APE), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP) and Gemini Dollar (GUSD).We are continually evaluating and adding new coins to support.
What precious metals can I buy with crypto?
The most popular precious metals include gold, silver, platinum, and palladium. You can buy pressed coins, bullion, and bars.
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