Turn Bitcoin into Gold: Top Platforms for Buying Gold with Crypto

Before paper money and Digital money like Bitcoin, Gold was a precious metal used as money and a store of value, and it still is, but not as money but as a store of value.

On the other hand, Bitcoin is internet money, or you can compare it to Gold and call it Internet Gold. It became more valuable than real Gold in just two decades.

One drawback of Bitcoin is it doesn’t have a physical form. If you want to keep Bitcoin aside for a long time becomes the real problem. You can use hardware wallets or other forms of technique to hold it in the long run.

The pain is if you lose the storing device if it has a large amount of Bitcoins, it is gone instantly.

It is better to convert it in the physical form at least some amount. What better option than Gold? It always rises in price, and you can borrow money against it.

Few players in the market let you convert your Bitcoin holdings into Gold.

In this post, we’re looking at the platform allowing you to buy Gold using Bitcoin.

BitGild

Operating since 2013 based out of Europe, concentrating on the buying and selling of heavy metals like Gold, Silver, and Platinum in exchange for cryptocurrency.

The platform supports Bitcoin, Ethereum, Dai, USDT, and USDC along with the Fiat currencies like the Euro, Dollar, and GBP.

For storing precious metals, the company partnered with Edelmetaalbeheer, a company specializing in the secure storage of precious metals like gold and silver.

You’ll get the specific size of Gold and Silver in exchange for crypto. Moreover, the platform also allows you to sell any precious old collectibles.

American Gold Exchange (AGE)

AGE is a leading national precious metals and rare coin company specializing in dealer-to-dealer trading and direct sales to the public.

Started back in 1988 and sold gold, silver, platinum, and palladium coins and bullion, claiming they’re selling the highest-quality coins and bullion at extremely low prices because of its long-term relationship with the suppliers across US and Europe.

They’re started to accept crypto payment through the Bitpay payment processor and now support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), Shiba Inu Coin (SHIB), and five USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD).

To buy metals using cryptos, AGE charges you a processing fee of 2% of the transaction amount, added to the total.

Bullion Exchanges

As a name, this exchange deals with the bullion and coins of Gold, Silver, and diamond.

You’ll get the option to buy a variety of precious metals.

To get the crypto payments, bullion exchange relies on Bitpay for a crypto transfer.

Not just shipping the precious metals. You’ll get the reward program for frequent and repeat customers — so the more often you buy, the greater the benefit becomes for future orders! You’ll be amazed at how easy it is to earn Billionaire Bucks and start reaping the rewards of investing in precious metals.

Provident Metals

Provident Metals sells Gold and Silver coins and bullion at the lowest price.

The platform is rated BBB A+ and currently only ships within the US.

They’re an associate Member Firm on the Certified Coin Exchange, which connects more than 350 of the top rare coin and bullion dealers in the world.

Also, the platform is considered one of the early adopters of cryptocurrencies that started accepting Bitcoin and Dogecoin payments in 2014, even though they co-sponsored NASCAR with Dogecoin.

Not only online, you can order via phone calling (800) 313–3315.

SD Bullion

It started in 2012 and grew into the Billion Dollar company, and one of the top 3 precious metal dealers online is SD Bullion.

They sell most precious metals like Gold coins, bars, Silver, Platinum, and other rare coins.

You can buy all of them using Bitcoin and other cryptos like Ethereum and Litecoin, supporting over 100 different wallets.

The one standout thing about them is their IRA section, where you can buy IRA-approved Gold, Silver, and Platinum products.

JM Bullion

Like the SD bullion, JM Bullion offers the same feature, having more options to buy, like Palladium.

JM Bullion started in 2011 and became one of the prominent players in the market.

They partner with BitPay to accept crypto assets. Currently, they accept Bitcoin (BTC), BCH, ETH, WBTC, DOGE, and more.

The platform has a separate section for exclusive deals and new arrival products.

Sharps Pixley

UK based precious metal dealers started to accept cryptocurrencies in 2017.

Not only online you can buy Gold and other precious metals in their offline store located at 54 St James’s Street.

Sharps Pixley offers many buying offers. You can even buy Gold using phone calls, visiting shops, or online and using crypto assets like Bitcoin, Ethereum, Bitcoin Cash, Ripple, and other cryptos.

They support all the crypto wallets from exchange and wallets, but for Ethereum and USD stablecoin deposits, you’ll need to use a Web 3.0-enabled Ethereum wallets and browsers, such as Metamask, Coinbase Wallet, Opera Browser, Brave Browser or BitPay.

Final Thoughts…

These are all the platforms you can consider buying Gold from Bitcoin or other crypto holdings.

But remember all the platforms that accept cryptos in exchange for Gold are limited to the native countries and states, research it.

Also, not all the platforms let you convert Bitcoin into Gold in tonnes, some offer only coins or a certain amount of Gold do research about it.

Having second thoughts about the platform, do the thorough research and then move forward.

Turn Bitcoin into Gold: Top Platforms for Buying Gold with Crypto was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.