Have you ever tried to buy precious metals with cryptocurrency?

[Shariar Porosh]

If you ever considered buying gold or other precious metals via JM Bullion or Bullion Exchanges, you probably went through many guides. Seek no more! Here’s NOWPayments' informative guide on how you can buy precious metals with bitcoin or other cryptocurrencies.

One can profit from the metal price movements — depends on your trading strategy
It helps you to preserve funds during economic uncertainty: when the US dollar loses in price, while precious metals rise. This can do well for you in pandemic times!
It’s good for the collection's sake!

Find out more at https://nowpayments.io/blog/how-to-buy-precious-metals-with-bitcoin-heres-your-guide

 

[Charles00231]

I guess its quite dangerous to buy metals with crypto unless you know a trusted seller. I would suggest you to buy in direct market.

[antracit]

In general, are there jewelry stores that accept cryptocurrency?

[Alex Williamson]

Step-by-step instructions to Buy Gold with Bitcoin and Cryptocurrency. There are two different ways you can utilize your cryptographic money to pay for gold and valuable metals: Buy straightforwardly from trustworthy gold and valuable metal retailers that acknowledge crypto. Pursue the BitPay Card to spend your crypto-like money.

[MrD]

I'm investing in gold using cryptocurrency by buying PAX Gold. That's a crypto coin pegged to the price of gold. You can get more details about it here: https://paxos.com/paxgold/

[TariCanestrini]

What about the countries where crypto is not legal? What should they do?

[MrD]

On 9/6/2021 at 6:49 PM, antracit said:

In general, are there jewelry stores that accept cryptocurrency?

Just found some that claim they take crypto: https://cryptwerk.com/post/10-best-jewelry-stores-accepting-bitcoin-and-other-cryptos-in-2020/

I see this as a good trend for jewelry stores to take crypto so I'm sure there are more or there will be soon.

[MrD]

On 4/4/2022 at 5:22 PM, TariCanestrini said:

What about the countries where crypto is not legal? What should they do?

In my opinion crypto should be free and used by everyone that wants. Unfortunetely some countries banned crypto but I think soon they will reverse these laws and will make them frendlier and will just tax profits.

Personally, if I would have lived in a country that baned crypto I would use a VPN and a privacy by design cryptos like Monero and still trade and invest in crypto 🙂

[Ronald Ray]

There are two ways you can use your cryptocurrency to pay for gold and precious metals: Buy directly from reputable gold and precious metal retailers that accept crypto. Sign up for the BitPay Card to spend your crypto-like cash.

[skrimon]

Yes, you can buy silver or gold with a cryptocurrency like Bitcoin. Since Bitcoin was created in 2008, its price has skyrocketed. Its also beginning to find mass acceptance as a method of payment and is both a currency and an online payment system rolled into one.

[aomarzu]

There are two ways you can use your cryptocurrency to pay for gold and precious metals: Buy directly from reputable gold and precious metal retailers that accept crypto. Sign up for the BitPay Card to spend your crypto-like cash.

[Fisher Tow]

Yes. I am tried to buy precious metals with cryptocurrency. If you're looking for an asset that you can quickly move in and out of without losing value in a short time (like Bitcoin can), gold might be a better option. It is a much more liquid asset and can allow you to reallocate your portfolio quicker when the market fluctuates.