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Buying gold with bitcoin, ethereum and other crypto
Table of Contents
At Bitgild, we are committed to offering flexible and secure payment options to meet the diverse needs of our customers. Understanding the growing importance of digital currencies in today’s financial landscape, we have expanded our payment methods to include a wide range of cryptocurrencies.
Cryptocurrencies Accepted
Below you can find the list of cryptocurrencies we accept for online payments. Our selection includes major digital currencies like Bitcoin, Ethereum, and Litecoin, as well as various altcoins, ensuring that you have the freedom to choose the currency that best suits your needs.
| Coin | Blockchain | Confirmations |
|---|---|---|
 BTC | Bitcoin | 6 |
 BUSD | Binance Chain | 20 |
 DAI | Ethereum | 20 |
 DASH | Dash | 20 |
 DOGE | Dogecoin | 20 |
 ETH | Ethereum | 20 |
 ETC | Ethereum classic | 20 |
 LTC | Litecoin | 20 |
 MATIC | Polygon | 20 |
 SOL | Solana | 20 |
 TRON | Tron | 20 |
 USDC | Ethereum | Polygon | Arbitrum | 20 |
 USDT | Ethereum | Binance Chain | Tron | Polygon | Arbitrum | 20 |
 WAVES | Waves | 20 |
 Ripple | XRP | 20 |
Multiple Blockchain Networks
In addition to accepting various cryptocurrencies, we also support transactions across multiple blockchain networks. This means you can choose the network of your preference, whether you’re looking for faster transaction times, lower fees, or specific security features. Our system is designed to provide seamless integration with different blockchains, making your payment experience smooth and hassle-free.
Buying Gold and Silver with Ethereum and Stablecoins
At Bitgild.com, we’re proud to offer innovative and secure ways to invest in precious metals. Besides the popular option of buying gold and silver with Bitcoin through BTCPay, we also provide the ability to purchase these valuable assets using Ethereum and various stablecoins.
Stablecoins offer a unique advantage in the cryptocurrency space by being pegged to traditional fiat currencies. At Bitgild.com, we accept various stablecoins, allowing you to buy gold and silver with the stability and trust associated with these digital assets.
After you have selected your stablecoin of choice for purchasing gold or silver on Bitgild.com, you will be presented with a digital invoice containing a QR code. This QR code represents the unique address to which you’ll send your payment.
You have 2 payments options:
- Scan the QR Code: If you have a mobile wallet that supports QR code scanning, simply scan the code with your device. This will automatically populate the payment address, making the transaction process quick and effortless.
- Copy the Address: Alternatively, you may choose to manually copy the address provided in the digital invoice. This address can be used as the withdrawal destination if you’re sending funds from an exchange or another wallet. Simply paste the copied address into the appropriate field in your chosen platform to initiate the transaction.
Buying gold with monero and other privacy coins
Due to the anonymous nature of privacy coins such as Monero, Zcash and Verge we currently cannot accept payments for bullion from those privacy coins. Ongoing pressure from lawmakers made us decide to not accept privacy coins for gold orders anymore.
However, there are still licensed exchanges where you can swap your Monero for other cryptocurrencies. A good exchange we recommend is Kraken.
⚠️ Be careful to swap your privacy coins through non-licensed services such as Morphtoken. Blockchain monitoring services are able to spot that type of behavior and can raise questions on your transaction. We advise using regulated services such as Kraken instead.
Buy gold through decentralized payment methods
Put simply, decentralized payment methods are payment methods where there is no 3rd party involved. Although bitcoin is decentralized by nature, most bitcoin payment methods are not. Industry leaders such as BitPay and CoinGate are bitcoin payment methods that are not decentralized. They accept payments on behalf of the merchant, and covert the bitcoins to their preferred currency. Those companies take away a lot of risk for the merchants, such as volatility and security risk.
As a customer, it’s perfectly fine to use payment providers such as BitPay, as they have proved to be reliable companies throughout the years.
Though, there are also some downsides. Since there is a 3rd party in between, there are also extra costs involved. Most merchants that sell physical gold will charge customers an extra fee on top of their orders for processing bitcoin and other cryptocurrencies.
On the contrary, there are decentralized bitcoin payment methods like BTCPay and Omotix (our own selfhosted crypto gateway). Decentralized payment methods give merchants the possibility to directly receive cryptocurrencies from their customers without a 3rd party. The big advantage for customers is that there are no 3rd party costs, which will mean you will pay less payment fees.
Why Choose Bitgild.com?
Bitgild.com is more than just a trusted name in the precious metals industry; we are masters of cryptocurrencies. Since our inception in 2013, we have been at the forefront of integrating digital currencies into the world of gold and silver investment. Our extensive experience has led us to build our own crypto payment gateways, ensuring that your transactions are handled with the utmost security and efficiency.
Our wide range of gold and silver products can be purchased with leading cryptocurrencies like Bitcoin, Ethereum, and various stablecoins. We understand crypto, and our expertise is reflected in the seamless and secure investment experience we provide.
- Cryptocurrency Masters: With nearly a decade in the industry, we have honed our understanding of cryptocurrencies, setting us apart as true experts in the field.
- Innovative Payment Solutions: Our proprietary crypto payment gateways, offer a secure and smooth transaction process tailored to the needs of both seasoned investors and those new to digital currencies.
- Diverse Investment Options: Explore our extensive collection of gold and silver products, all available for purchase with your preferred cryptocurrency.
- Trust and Reliability: Our reputation as a reliable source for precious metals investment has been built over years of dedication to our customers and innovation in our offerings.
Whether you’re a seasoned investor or new to the world of cryptocurrencies, Bitgild.com’s mastery of digital currencies ensures a seamless and secure way to invest in gold and silver. Explore our collection today and take advantage of our innovative payment options, backed by our deep understanding of the crypto landscape.
What are the fees if you buy gold with crypto at bitgild.com?
The fees for purchasing gold depend on the cryptocurrency you are paying with. Below you can find a rough estimate of the fees you will be paying per cryptocurrency at Bitgild.com.
Bitcoin: 0.6% (through BTCPay)
Ethereum: 0.8% (through Omotix)
Litecoin: 0.8% (through Omotix)
USDC, USDT, BUSD & DAI: 0.8% (through Omotix)
Other crypto: 2-8% (through Coinpayments)
Why do I have to pay fees for bitcoin if you are using BTCPay?
Although there are no 3rd parties involved, we still have to convert our bitcoins on an exchange to pay our suppliers. Since bitcoin can be quite volatile and sometimes slow in confirmation times, we have to put a little spread on the price to make sure we can cover losses due to volatility and exchange rate costs.
Why do I have to pay fees for stable coins?
Stable coins still need to be converted to real-world currencies on exchanges in order to pay for our suppliers. There are also additional costs to transact the coins on the ethereum network, which are variable depending on the load of the network.
Why are the fees for some cryptocurrencies through coinpayments so high?
Some cryptocurrencies have a very thin market depth, which means that the prices for 1 dogecoin vs 20.000 dogecoins can vary a lot. To cover our risk, we have to increase the fees for those coins.
💡Covert your rarer cryptocurrency to one of the major ones like bitcoin or ethereum or a stablecoin of choice on an exchange. That way you are in control of the fees, and you will save significantly on the conversion.