Last Update February 16, 2020. Many people who own bitcoin also have an interest in gold and silver as alternative assets. Luckily for these people more and, more companies are offering the ability to buy gold and silver with bitcoin with essentially no fees (and sometimes even discounts).
Exchanging bitcoin for gold and silver is simple. Let’s look at some options.
Where To Buy Gold With Bitcoin
|Los Angeles, California||Yes||BTC, BCH|
|London, England||Yes||BTC, DASH|
|Eagle, Idaho||Yes||BTC, BCH, LTC, ETH, DASH, XRP, EOS|
|The Netherlands||Yes||BTC, BCH, ETH, DASH, XMR, LTC, XRP, ZEC, NEO|
Table of Contents
- Where To Buy Gold With Bitcoin
- Can You Buy Gold With Bitcoin?
- Is It Legal To Buy Gold With Bitcoin?
- How To Buy Gold With Bitcoin
- Why Buy Gold With Bitcoin
- What Types Of Gold Can I Buy With Bitcoin?
- Buy Gold Eagles With Bitcoin
- Buy Gold Bars With Bitcoin
- Buy Gold Jewelry Online With Bitcoin
- Buy High-End Jewelry With Bitcoin
- Buy Luxury Watches With Bitcoin
- Real-Time Bitcoin To Gold And Gold To Bitcoin Exchange
- Best Gold Bullion Dealers For Buying Gold With Bitcoin
- 1. GoldSilver.com
- 2. Vaultoro
- 3. Money Metals Exchange
- 4. Goldmoney
- 5. BitGild
- More Companies Where You Can Buy Gold With Bitcoin
- Gold As An Alternative Asset
- Bitcoin As An Alternative Asset
- Should I Buy Gold With Bitcoin?
- Best Way To Buy Gold With Bitcoin
- Gold Vs Bitcoin
- Advantages Of Buying Gold With Bitcoin
- Is Bitcoin Likely To Replace Gold As The Best Long-Term Investment Vehicle?
- Buy Silver With Bitcoin
- Buy Gold With Bitcoin Cash
- Buy Gold With Litecoin
- Buy Gold With Ethereum
- Why Gold Is A Good Investment
- Buy Gold With Bitcoin In The United Kingdom
- Buy Gold With Bitcoin In The United Arab Emirates
- Buy Gold With Bitcoin In India
- Bottom Line
Can You Buy Gold With Bitcoin?
Yes, it is quite simple to purchase gold bullion and bars with existing bitcoin. There are a number of websites that will let you do it.
Bitcoin is actually one of the more popular payment methods for purchasing gold online nowadays.
Is It Legal To Buy Gold With Bitcoin?
Yes, it is absolutely legal to exchange bitcoin for gold in any form. Both are considered safe alternative assets by all precious metals dealers.
How To Buy Gold With Bitcoin
Step 1: Go to the website of your favorite precious metals dealer.
Step 2: Choose the gold or silver bullion you would like to purchase.
Step 3: Proceed to checkout and fill out your address.
Step 4: Pay directly from your bitcoin wallet.
Step 5: Receive your gold within a few business days.
Why Buy Gold With Bitcoin
When you look at both bitcoin and gold as investment vehicles, you will note some striking similarities. Both tools are alternative assets; both are mined (gold involves real mining, while that of bitcoin is simulated); and both are finite.
Both gold and bitcoin are fungible, limited resources and are used as money in place of the dollar. In the case of inflation, both of these alternative assets perform well considering the fact that their value is not tied to any government or central bank.
What Types Of Gold Can I Buy With Bitcoin?
You are able to purchase just about any type of gold asset with bitcoin including bars, bullion, coins, and jewelry.
- Gold Bars
- Gold Bullion
- Gold Coins
- Gold Jewelry
Buy Gold Eagles With Bitcoin
Introduced in 1986 to the United States by The United States Mint, the Gold American Eagle symbolizes many classic American concepts and is made only from gold mined in the United States. The Gold American Eagle is one of the most commonly traded gold bullion coins on the market.
If you are wondering whether you can purchase American Gold Eagles with bitcoin, you definitely can!
Buy Gold Bars With Bitcoin
Gold bars are a classic way to store gold and are more cost-efficient when factoring in labor and machining costs than gold coins. Gold bars take up less space than the same weight in ounces of coins, so, for this reason, bigger bars have smaller premiums.
Buying gold bars will give you the best price per ounce of gold. In fact, gold bars were designed for ease of storage.
Each gold bar is stamped with its exact weight, purity and serial number. The most common gold bar weight is one ounce. Gold bars are produced in a variety of sizes including half a gram, 1 gram, 2 grams, 5 grams, 10 grams, 20 grams, 50 grams, 100 grams, 10 oz, and 1 kg.
Some of the more popular gold bar brands include The Austrian Mint, Credit Suisse, Engelhard, Heraeus, Johnson Matthey, Pamp Suisse, The Perth Mint, Royal Canadian Mint, Scottsdale Mint, and CombiBar.
Within a Goldmoney holding, it is possible to purchase gold bars and store them within a personalized vault.
Buy Gold Jewelry Online With Bitcoin
The best gold jewelry to buy is 22k (91.6% pure) and 24k (99.9% pure) which is investment grade. These pieces of gold jewelry are considered to be an ideal form of wearable and portable wealth.
With bitcoin, you can purchase any type of jewelry you want including luxury watches, necklaces, chains, rings, earrings, pendants, bracelets, cufflinks, and bangles. All of these retailers accept bitcoin as a payment method.
Opened in 1946, REEDS Jewelers offers many exclusive lines of high-end jewelry as well as certified diamonds to fit discerning shoppers.
Opened in 2016, BitDials is the world’s first bitcoin-only luxury boutique and offers premium watches and jewelry for sale.
Buy High-End Jewelry With Bitcoin
If you are looking for superior quality jewelry that you can purchase with bitcoin you might want to have a look at these high-end brands.
Buy Luxury Watches With Bitcoin
You can find a wide assortment of men’s, women’s and unisex luxury watches from:
- Patek Philipe
- Audemars Piguet
- Tag Heuer
- A. Lange & Sohne
- Parmigiani Fleurier
And many other brands.
For more great luxury watches and brands have a look at our top 10 luxury watches you can buy with bitcoin.
Real-Time Bitcoin To Gold And Gold To Bitcoin Exchange
If you want to exchange bitcoin for gold in real-time with live prices you can do so on Vaultoro. Many traders make a living by keeping track of the price movements of both bitcoin (BTC) and gold (GOLD).
“With the power of Bitcoin, Gold can become a worldwide spendable asset. Our goal is to provide a transparent, secure and inclusive platform for everybody.” – Joshua Scigala, Founder of Vaultoro
Best Gold Bullion Dealers For Buying Gold With Bitcoin
|Headquarters:||Los Angeles, California|
GoldSilver is a trusted dealer of precious metals, serving customers around the world for over a decade. GoldSilver accepts bitcoin as a payment method, making the process of buying gold and silver bullion, bars, coins, and jewelry simple, not to mention low-cost. GoldSilver also provides dedicated vault storage for those who prefer not to keep their precious metals at home.
Note: If you buy gold with bitcoin or bitcoin cash on GoldSilver you will receive a 3% discount.
The founder of GoldSilver, Mike Maloney, is the creator of the widely acclaimed Hidden Secrets of Money documentary series (view here) which is a seven-part featurette detailing the history of money from its inception as gold to fiat money and all the way to where we are at now which is the introduction of cryptocurrency.
Here’s how you can get started on GoldSilver.com:
Step 1: Visit the GoldSilver official website and click on the register button to create an account. Include your first and last name, country, email address, password, and a working phone number.
Step 2: Proceed to the “Buy Precious Metals” menu at the top of the page and choose an option under gold. The company also offers silver coins and bars.
Step 3: You will be redirected to a page with many options for gold coins and bars, with each indicating the quantity and prices. Choose the amount of gold you would like to purchase and add to cart.
Step 4: When you go to your cart, you will see five payment methods: Bitcoin (3% Discount), Bank Wire / IRA (4% Discount), Personal Check (4% Discount), Credit or Debit Card, and PayPal. Select Bitcoin and continue with the order.
Step 5: You will then proceed to a page where you must sign in to your GoldSilver account (or create an account), select a shipping destination, and confirm your payment method. You will be given a BitPay checkout screen where you can enter your wallet address or scan the QR code to pay from your wallet app.
Step 6: Once the order details are confirmed, submit your order.
Note: GoldSilver can help you store the gold or ship it to you for a fee. If you are in the U.S. and make a purchase of $499 or more, you will receive free shipping, handling, and insurance on your gold purchase.
Conclusion: GoldSilver.com is an excellent resource for precious metal investors who want a safe haven to interact with a like-minded community. The Insider Program gives members access to exclusive content from the GoldSilver analysts themselves, including technical analysis briefings and private video updates. The company has been in business for over a decade and is a reputable source for gold and silver bullion.
“Money is a collective agreement. If enough people come to the same agreement, what they agree upon becomes secondary, whether it be farm animals, gold, diamonds, paper, or simply a code. History proves all these cases to be true. Who knows what the future is going suggest to us as money, once we see digital currencies as ordinary?” – S.E. Sever, Writer
Vaultoro is the best platform for exchanging gold with bitcoin (and vice-versa) in real-time. Vaultoro stands head and shoulders above the competition as the World’s First Real-Time Bitcoin To Gold Exchange.
The Vaultoro platform interface is seamless and simple to navigate. In order to start trading, all you have to do is simply deposit BTC directly into your Vaultoro holding. Your stored bitcoin can be exchanged or into physical gold that is secured and stored in Switzerland and back anytime with real-time prices.
Vaultoro offers physical gold delivery in bar or gold bullion form to your doorstep or you can withdraw as bitcoin. The minimum physical gold needed for withdrawal (delivery) is 100 grams.
Your gold bullion and bitcoin assets are 100% insured against physical theft and damages and are publicly audited twice a year. All gold bars held by Vaultoro in a vaulting facility are no less than 99.99% pure gold.
Watch this short video for an introduction to the Vaultoro Exchange.
Here’s how you can get started on Vaultoro.com:
Step 2: You will be asked to enter your email address, password, first name, last name, birth date, place of citizenship, and address.
Step 3: Next, you will be asked to upload your identity and address verification documents.
Step 4: Accept the terms and finish registration.
Step 5: You will be redirected to the Vaultoro Portfolio, where you can now deposit BTC into your Vaultoro holding.
Step 6: Now the ball is in Vaultoro’s court to verify your account. The company will inform you of their decision via email, which may take a few days.
Step 7: Click on “Deposit/Withdraw” on the dashboard. Assuming you have been verified already, you can deposit and withdraw BTC into and out of your Vaultoro holding.
Step 8: Once your bitcoins have been credited to your account, you can trade bitcoin with gold at any time with real-time prices! Click “Trade” on the dashboard. Here you can view the real-time pricing schedule, place an order, view the order book, and see the latest trades.
Conclusion: Vaultoro is our favorite exchange for trading GOLD/BTC in real-time. You can withdraw your BTC quickly and get your gold in bullion form as well. We highly recommend the Vaultoro platform for trading gold with bitcoin in real-time.
“Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.” – Jim Rickards, American Lawyer, Economist and Investment Banker
3. Money Metals Exchange
Money Metals Exchange is one of the fastest-growing precious metals dealers in the United States. They offer a wide variety of gold, silver, platinum and palladium products at some of the lowest premiums in the industry, and provide top-notch service, speedy delivery, and high-quality educational content.
On Money Metals Exchange you can buy gold, silver, platinum, or palladium with Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ripple, and EOS Token.
Watch the video below to learn more about the 1 oz Gold American Eagle coin.
Here’s how you can get started on Money Metals Exchange:
Step 1: Visit the Money Metals Exchange website.
Step 2: Select any number of gold, silver, and other precious metals you would like to purchase and add them to your cart.
Step 3: Go to your cart. You can checkout as a guest or if you already have a Money Metals Exchange account you can sign in and checkout.
Step 4: If this is your first time on Money Metals Exchange, tap on ‘Checkout as Guest’. Select ‘Bitcoin/Altcoins’ as your payment method.
Step 5: Select Bitcoin. Enter your billing and shipping information. Tap on ‘Complete Your Order Paying With Bitcoin’.
Step 6: Digitally sign the Terms and Conditions that appears with your name and proceed with the transaction. On the next screen, either scan the QR code with your bitcoin wallet or copy and paste the wallet address to your bitcoin wallet and proceed with payment to complete your order.
Conclusion: Money Metals Exchange is a great way to buy gold, silver, platinum, and palladium bullion at low prices, particularly if you are located in the United States.
Although gold and silver are not by nature money, money is by nature gold and silver. — Karl Marx, economist
Goldmoney is a secure and flexible platform for purchasing gold and silver bullion online. The company safeguards over $2 billion of assets for clients in 150 countries.
Goldmoney is the only platform that gives you the option to move in and out of precious metals, fiat currencies, and cryptocurrencies in a single, unified holding. Customers can choose to hold in reserve or exchange up to nine currencies (USD, GBP, EUR, CAD, CHF, JPY, NZD, HKD, AUD) without paying foreign exchange fees.
Client holdings are independently audited and externally tested and can be owned by individuals, joint owners, corporations, and/or trusts.
Watch the video below to learn more about Goldmoney.
Here’s how you can get started on Goldmoney:
Step 2: Select a holding type (Individual, Corporate, or Trust), and fill in your personal information. Proceed to the next step.
Step 2: Continue entering your personal information including your nationality and country of residence. You can use code smartgold as your referral code. Proceed to the next step.
Step 3: Your Goldmoney holding is now open. Provide your current address, employment information, a valid government-issued ID and proof of residence to complete the setup of your account.
Step 4: Once your account is fully approved, next you will have to fund your holding.
As of 2/17/20, you are only able to fund your holding with bank wire.
Step 5: Once your holding is funded, you are able to place buy orders for BTC for secure ownership. You lock in rates at the time of purchase and the transaction clears in 24-48 hours.
Step 6: Once you have your bitcoin, the rest of the process is a breeze. Simply navigate to the “Buy Metals” option, enter the amount of gold you would like to purchase, choose bitcoin as the payment method, and confirm the order. You can sell bitcoin for any other currency or precious metal just as easily.
Your physical precious metal assets are independently audited, insured and stored in any of 15 vaults located around the globe. Your cryptocurrency assets are securely stored in password-protected cold storage.
Conclusion: A Goldmoney holding offers customers a seamless, unified method for exchanging money between fiat currencies, physical precious metals, and cryptocurrencies.
“The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.” – Arnon Grunberg, Writer
BitGild is a trusted gold and silver bullion dealer which accepts bitcoin and a number of other cryptocurrencies as payment. BitGild has a large selection of gold and silver bars and coins that would make a collector whet their appetite.
On BitGild you can buy gold and silver bullion with Bitcoin, Bitcoin Cash, Ethereum, Dash, Monero, Litecoin, Ripple, Zcash, and NEO.
Orders are insured and shipped within 1 business day with a 100% delivery guarantee.
Here’s how you can get started on BitGild.com:
Step 1: Visit the official website and go to My account on the top of the page and register. Enter your email address and password. Confirm your email to complete registration.
Step 2: From the dashboard screen, you can view your recent orders, manage your shipping and billing addresses, and edit your password and account details.
Step 4: On the product description page, choose how many of each item you would like to add to your basket. Go to your basket when you are done shopping.
Step 5: On the basket screen, you can view the quantity of each item in your cart. Here you can apply a coupon if you have one. Enter your address and proceed to checkout.
Step 6: On the next screen enter your billing details. Your delivery & shipping prices will vary depending on your country.
Select bitcoin as your payment method. Make sure to review your checkout cart, ensuring that all details are filled in correctly then Proceed to BTCPay.
Step 7: On the BTCPay screen scan the QR code with your bitcoin wallet or copy the wallet address to pay with your wallet. Place your order.
Step 8: Congratulations! Your order with BitGild has been completed and will be shipped out.
If you are within the EU, your order will be shipped out within 1-2 working days. If you are outside of the EU, your order may take up to a week to be processed due to customs clearing.
Conclusion: If you have a wide variety of cryptocurrency to spend, BitGild has a large selection of gold and silver bullion available and even offers free shipping if you spend 1000 Euros or more.
The desire for gold is the most universal and deeply rooted commercial instinct of the human race. – Gerald M. Loeb
More Companies Where You Can Buy Gold With Bitcoin
GoldSilver, Vaultoro, Money Metals Exchange, Goldmoney, and BitGild aren’t the only bullion dealers that empower you with the ability to buy gold with bitcoin – there are a dozen others online. Here are a few more you can consider:
Gold As An Alternative Asset
Historically, gold has been used as money for centuries and continued to be the most popular asset until the rise of fiat currency which is paper money as we know it today. Ever since the dollar stopped being backed by gold, the precious metal has become its own asset and its price has risen tremendously.
Many billionaires and governments invest in alternative assets today to hedge against the declining value of the dollar and to diversify their portfolios.
Bitcoin As An Alternative Asset
The invention of the Blockchain in 2009 gave rise to digital currencies that are backed by cryptography. As a result, bitcoin, ethereum, and other cryptocurrencies are quickly becoming dependable alternative assets that can be used as a store of value or money.
Now that Bitcoin is over 10 years old it provides a strong utility for the world, as well as a store of value and investment.
Should I Buy Gold With Bitcoin?
If you believe in both alternative assets it definitely makes sense to own both gold and bitcoin.
Best Way To Buy Gold With Bitcoin
GoldSilver is the safest and most convenient method for buying gold with bitcoin. Shipping is free if you spend over $499 and you get a 3% discount if you use bitcoin to purchase gold.
If you live in the EU, BitGild may be the more effective option for you as they will ship to you within 1 to 2 working days.
Gold Vs Bitcoin
Between gold, bitcoin and the dollar, only the dollar can be manipulated by a central bank with increases in the supply of fiat currency.
Precious metals such as gold and cryptoassets such as bitcoin have a limited supply schedule. Gold has long been valued for its scarcity, metallic properties, and universal aesthetic appeal. Bitcoin is valued as decentralized, immutable storage of value and is used as money in many countries around the world.
|Traits Of Money||Gold||Dollar||Bitcoin|
|Secure (Cannot Be Counterfeited)||Moderate||Moderate||High|
|Scarce (Predictable Supply)||Moderate||Low||High|
|Sovereign (Government Issued)||Low||High||Low|
The supply of bitcoin is metered mathematically and set in code at the genesis of the distributed application. The supply of bitcoin has a maximum of 21 million units by 2140, and is issued by halving the rate of supply from mining every four years.
Gold is produced from mines all around the world and can be found deep in the oceans. There are 171,000 metric tons of gold in the world, yet still, plenty more to be mined from the Earth’s core (and possibly other asteroids and planets).
Advantages Of Buying Gold With Bitcoin
Low Transaction Fees
Banks, payment services and most intermediaries have extra fees to account for when making large purchases. With bitcoin, you will pay fewer fees, and in most cases, you will incur almost no fee or even a discount, depending on the company you choose.
Bitcoin is a digital currency, right? Well, this means one thing – all of your transactions will occur online. You just need to register with your preferred platform and place an order from the comfort of your home or office and the bullion dealer will ship your order directly to you.
When you initiate a bitcoin transaction, there’s no intermediary here, so the company you buy gold from will receive the funds quicker compared to using credit card or bank transfer. If the bullion dealer verifies your transaction, you will get your gold right away.
Is Bitcoin Likely To Replace Gold As The Best Long-Term Investment Vehicle?
There is a significant difference between bitcoin and gold if you project their future values. Both are considered to be strong alternative assets.
Bitcoin is very speculative because of its volatile nature. Bitcoin is a store of value and digital currency.
Gold, on the other hand, is a natural resource. Gold price moves differently and is less speculative and volatile.
Buy Silver With Bitcoin
Next to gold, silver is one of the more popular precious metals to hold for safekeeping. Buying silver brings diversity to your precious metals portfolio. There are many forms of silver one can buy including silver bars and silver coins.
The most popular silver coins are the American Silver Eagle Coin, Canadian Silver Maple Leaf Coin, Silver Britannia Coin, Australian Silver Kangaroo Coin, Mexican Silver Libertad, and Austrian Silver Philharmonic.
Buy Gold With Bitcoin Cash
Bitcoin Cash (BCH), created on August 1st, 2017, is a hard fork of the original bitcoin blockchain out of a need to increase the block size limit. Bitcoin cash is looked at as a medium of exchange while bitcoin is considered to be a store of value.
Buy Gold With Litecoin
Litecoin (LTC), introduced in 2011 by Charlie Lee, is a popular cryptocurrency alongside bitcoin. There is 84,000,000 LTC that will ever be issued. Litecoin has much faster transaction speeds than bitcoin and is supported by most cryptocurrency exchanges.
Buy Gold With Ethereum
Ethereum (ETH), introduced in 2015 by Vitalin Buterik, is an open-source, public blockchain-backed cryptoasset with smart contract functionality. Ethereum has amazing potential with decentralized apps and is a popular cryptoasset for long term cryptocurrency investors.
Why Gold Is A Good Investment
Gold is a finite resource – That’s right. Until humans find ways to clone this precious metal, it will be valuable.
Gold is not credit – This special precious metal has been used as money by many different civilizations. Today, it is considered an alternative asset in its own right.
Gold is risk-averse – Forget about the robust tendencies of gold during inflationary periods. Gold has always proven to be risk-averse. Gold has a physical value that has existed since civilization and not a conceptual value as it is the case with bitcoin.
Buy Gold With Bitcoin In The United Kingdom
Residents of the United Kingdom or the city of London have the option to purchase gold bullion and bars with bitcoin through any of the five aforementioned dealers – GoldSilver, Vaultoro, BitGild, or Goldmoney – and have it shipped directly to their doorstep.
Buy Gold With Bitcoin In The United Arab Emirates
Residents of the UAE or the city of Dubai will be happy to know that they can buy gold with bitcoin quite easily. Your best option to purchase gold bars, bullion, and jewelry with bitcoin and have it shipped to you is with GoldSilver.
Alternatively, United Arab Emirates residents can open a Goldmoney holding, purchase and store gold in a personalized vault.
Buy Gold With Bitcoin In India
If you want to ship physical gold to India using bitcoin as a payment method have a look at GoldSilver where international shipping fees are the lowest of all the countries on this list.
Both bitcoin and gold are sound investments, especially for the long term. And when you buy gold with bitcoin, you are directly swapping something that is intangible for something that is tangible. If you want to broaden your portfolio and buy gold, you don’t have to use fiat currency and can simply spend bitcoin.