Precious metals like gold and silver is still a choice of many investors looking to protect themselves against inflation. PMs have a long history as a long-term solution for keeping funds. With the cryptocurrency and stock markets particularly volatile today, it’s easy to see why investors choose to turn their cryptocurrency assets into gold or silver.
Purchasing gold bullion with bitcoin is easier today than you might think. After BitPay, a popular bitcoin payment processor, added the option to buy gold bullion with Bitcoin more and more retailers add cryptocurrency to their payment options.
If you are in the precious metals business or you are looking to convert some crypto into gold, we have good news for you. Recently, SD Bullion, a popular gold and silver bullion dealer announced support for Bitcoin.
The online precious metals dealer accepts Bitcoin (BTC) and Bitcoin Cash (BCH) for orders up to $20,000 USD and users can buy physical gold coins and gold bars online at SDBullion.com.
While in the website, select the gold bullion products you would like to purchase from SD Bullion and place them in your cart. During checkout, you’ll see various payment method options — choose to buy gold with BTC or BCH. Note that when buying with Bitcoin you are not eligible for their 1% cash discount.
Transactions are handles via Bitpay. After you submit an order, users simply need to login to Bitpay and complete the order. Transactions are typically processed with 24 business hours.
SD Bullion will handle the processing, packaging, and fully-insured shipment in a nondescript parcel with tracking information emailed to you. Detailed steps and more details are available on their blog.
Note that buyers have only 15 minutes to complete the purchase after which payments will be cancelled and need to be refunded. This 15-minute limit was imposed by BItPay in an effort to protect Bitcoin accepting merchants or users from bitcoin price swings. Because the majority of Bitcoin exchanges cannot send payments that fast and to avoid your transaction being canceled, make purchases via SD Bullion and BitPay only with compatible software or wallets.
The list of supported wallets and most updated information can be found on BitPay’s website.
Many bullion experts believe that physical precious metals like gold will survive any man-made currencies or coins. Perhaps this is the reason why so many BTC holders are selling bitcoin for gold bullion today.
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