Bitcoin Forum

Hi everyone. I'm looking for a company that will convert BTC to Gold. (Or precious metals such as Platinum / Silver etc)

Example , If BTC is worth 100K USD , Then i'd be able to transfer my BTC to them for 2KG of gold. (Assuming Gold Spot Price is 50k USD)

is there any companies that are able to do this? I remember GoldMoney backed by Sprott Capital but they no longer have the option of doing the exchange anymore.

So you are expecting to send BTC to some "company's wallet" (non-reversible transaction) and wait for them to send you real gold with some shipping/delivery system?This is a really scam-friendly business model and nobody would risk his bitcoins in such transaction.There's no company that can possibly build such level of trust,so people could safely send their bitcoins and expect real gold to arrive at their doors. ;D

Thata a hard to crypto transaction though. Without anything similar to a contract, which is a hassle imo, makes such exchanges pretty hard to continue or manage at least. Did a bit of researching, vaultoro seems to be one exchange that handles gold. Idk about its legitimacy but based on a quick search of reviews about it, the site seems pretty legit.

Haven't used it so I can't offer any solid experience about it though. Sorry bout that.

I'd assume that there is some form of escrow involved before the transaction has been completed. It's understandable why it would be concern but escrow please! :D


I appreciate the help. Vaultoro is the only options at this moment that i can see that does this , but i'm looking for different companies. I appreciate the help nonetheless.

Note that the companies I'm listing are just some I looked up. Dunno if they have good reputation and they actually do what the information says about them. Found a few, vaultoro included in them
GoldSilver Company, HQ is in NYC and ships to most countries. There's also MoneyMetal, HQ is at Eagle Idaho and Ships to most countries as well. If you're only buying small amounts, SDBullion since they offer one of the lowest order minimums out there, and has free shipping. Though based on what I read, the lowest order minimum they have needs you to buy it in US.

Finding Bitcoin to gold and other valuable metals exchange is possible, you need to explore much and search through all possible source available. In my understanding if you're good enough to deal with darkweb market then you can get it done easily. Apart from this finding a person who wish to exchange gold/valuable metals in exchange of bitcoin with the help of escrow is the right choice. Beyond this few ico projects have backed with gold which means for the amount invested you'll be allotted specific volume of gold. I don't remember the name of the project.

There are plenty of gold dealers trading in crypto. Some only in Bitcoin others in many altcoins. They usually give you discount when buy with crypto. Gold dealers were one of first merchants offering goods for crypto.

Is this something related to how money works previously? When Fiat is backed by gold in a safe, and it should be 1:1 or something like that of value?

I searched this on the web and found PAXG. Paxos Gold and it's said that it's backed by gold. [1] (https://www.coindesk.com/paxos-launches-gold-backed-cryptocurrency)

Basically, for me, this would be the case. You are going in for another middleman who is currently holding the actual gold, and you deposit the BTC. I'm not sure how they would account for the fluctuating price of BTC. But since it's a token, it's not directly correlating to the price of BTC. Like an ounce of that would amount to a certain PAXG amount.

With that, I don't like the idea that my BTC would be converted to another currency.

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[1] - https://www.coindesk.com/paxos-launches-gold-backed-cryptocurrency

You're looking to convert bitcoin into gold?  Veldt Gold (https://veldtgold.com/) buys and sells metals for crypto--I don't know if that's the kind of service you're looking for, but it sounds like it.  I've bought silver from them before, and though their prices aren't that great compared to Provident Metals, they are reliable.

Reality is that davis is right, you can't just send a company bitcoin and expect them to deliver gold to you, first and foremost there are international laws that bans movement of gold from one nation to another that easily, usually it takes a lot of customs to go through and 50% of them fail, you have to have a properly managed company that deals with such stuff on an international level already to go into crypto for something like that and I am afraid that doesn't exist right now.

Definitely, you could deal with just fiat transactions that is equal to gold, so a company holding gold for you but whenever you want to cash out they sell their gold in their nation and pay you the fiat equal price for it? That would be easier to handle at least and would be doable.

To the OP, to my knowledge there is not investment firm or exchange that deals in cryptocurrency AND precious metals. There should be, but there isn't.

What's your investment scheme? How frequently do you plan to trade? If your base currency is USD there's not much difference then having two separate trading accounts (one for crypto and one for precious metals) where you're investing and divesting based of that USD base currency. Give it a thought. PM me if you want to chat more about it.

Do you mean to buy gold with bitcoin? I think if that's what you mean, there are many services that provide that. Like this site https://www.bitcongress.org/bitcoin/exchanges/buy-gold-silver-with-bitcoin/ there are many sites that you mean, but I did not analyze more good sites there, so I hope you can analyze the site again in the article, hopefully it helps.

I've seen this website that lists the three websites where you can buy gold with bitcoin.

https://www.smartbitcoininvestments.com/buy-gold-with-bitcoin/

However, I agree to this


@OP you should consider what he said.

Thank you for this. I'll be doing my due diligence.


I'd like physical gold , not a token. Unless of course , you can change the token directly into gold itself.  I'll be doing my due diligence. Thanks for this.


Thats disappointing. I'd like my gold sent overseas but if the governments have a problem with what i'd like to do , then we will have issues. Disappointing how laws and regulations slow commerce :(


That's an interesting niche but i imagine with the volatility in Crypto markets , most people do not want to deal with this as the Price fluctuations would be a hassle especially with dealing with physical gold.

I mostly would do trades when BTC has risen in price as a hedge against Crypto and other financial markets. If China does enact their own gold backed cryptocurrency , then having gold to me would be a good hedge against USD Fiat currency.

We should connect. I'll contact you in PM. Thanks Myfe!


I'm assuming that there is form of escrow for this transaction and all transactions like it to ensure the delivery of physical gold , but with the laws and regulations , this might be a problem for me.

Nothing are instant when it comes to cryptocurrency, most probably there are no companies doing that for just one person like you because companies are also smart. They will not do something that they will not earn money or profit because of the things you want. In addition, there are really laws that prohibits converting digital money to gold and we all know that gold is very sensitive when it comes to government.


But that is a long process that you should follow in order for you to achieve what you want in your bitcoin, It will take a lot of time and effort but if you really want that to happen. Do it now so that you can comfortably own your money peacefully.

Just to ask here, are you talking about physical gold or digital gold (backed by physical gold)

If physical gold --> https://www.buybitcoinworldwide.com/buy-gold/bitcoin/ -- Pretty solid list of companies that accept BTC (and other cryptos) for precious metals purchases.

If digital gold --> I'd proceed with caution, though PAX GOLD does seem like one of the more legitimate players in the market.

I know of a company called Goldguard. You can use BTC to purchase their Goldguard token,  then use their token to purchase gold in Dubai.
It is safe and reliable. And you can aswell contact them before embarking on the transaction for further clarification.

If you want to buy gold with bitcoin, I would recommend GoldSilver, BitGild, Bullion Exchanges, JM Bullion, Money Metals Exchange, Golden Eagle Coin, or Provident Metals.

I believe all of these precious metals dealers accept bitcoin as payment and I think a few such as BitGild accept litecoin, ethereum and other altcoins.

Vaultoro is also a good option if you want to perform real-time BTC to Gold orders.

Just my two cents  ;D

I think you can do that in digital gold for sure by exchanging your coins but if you want real gold then you would have to do it yourself because I don't think I know a company which is trustable and then comes the reputation , just encash the bitcoins and then convert them into gold with the help of local traders I think you can get profit so can they .
Try doing it from countries where the gold is really cheap , ordering online from Amazon is also an option but at the same time local traders have better rates.

I've found an article about 7 possible way to buy precious metals with BTC. Maybe it will be helpful:
https://www.buybitcoinworldwide.com/buy-gold/bitcoin/

it was like a trading but the pairs are precious metals  ? never saw that but lately ive been seeing btc or other cryptos to stocks  . if they been able to come up with such ideas  , then its also possible for cryptos to other assets  .  if not , then the best option would be exchanging your crypto onto the other currency that acceptable on a platform that your willing to use   .  just try the links that users suggested on here   . it could help you find what exactly your looking for   .. goodluck

Every place you buy Gold from, regardless of the country, uses the main USD ounce value at that day, so you won't gain any benefit price wise unless they offer some sort of a 1-2% below spot price deal, but those usually only apply to damaged coins/bars. 1-2% below spot isn't what I consider 'really' cheap.

If Gold is REALLY cheap, it usually means that it's too good to be true.

I cringe every time I see people (especially newbies) go to sites such as Amazon or Ebay to purchase Gold. In reality they are far more likely to purchase a very good looking fake bar. I browse through the sold listings of Ebay quite frequently, and I double cringe every time I see a fake bar is sold, and some times by very trusted sellers. At least you can get your money back if you fill in a claim.

Honestly, people do not really see bitcoin as a payment method of precious metals mostly because it is not something you can collect by hand whereas precious metals are normally seen as things you can buy directly.

You go to a gold shop and you buy the gold using your dollars, there is none like that for bitcoin, plus international transport of precious metals are usually a dangerous and a very regulated thing so you can't work for the whole globe when you are doing something like that, otherwise people would go beyond the regulations and just use bitcoins to buy billions of dollars worth of gold to their nations, weakening the other nations gold reserves right? That is why regulations matter when it comes to these things and we can't use bitcoin however we want to purchase.

You can also buy bitcoin directly with any e-wallet offering the coin or exchange but the main thing is people are more giving value to bitcoin because it is trendy and growing. On top of that is the volatility of the bitcoin that has been the very source of speculation on which its price are hardly predictable. However, metals do have physical components wherein the value or physically evaluated.

lol. Use bitcoins to buy billions of dollars worth of gold to other country and result to weakening of other nation's gold reserve? Have you thought of money printing? Today, we don't have any backed up asset on our currency such as gold or oil, What we habe now is the faith of the paper having its value that we can use to trade, why? because the government say so. And FYI, buying gold is much more hard than buying bitcoin, TBH you can just create an account with any exchange make deposit and buy bitcoin then withdraw that's all it takes to have a bitcoin.

I'm not so sure of that. I can obtain Gold right away by walking into a bullion dealer/jewelry/pawn shop. Up to a certain amount I don't have to show any documents, which is cool. It depends per country where that legal threshold is, but you could even just walk into different shops to circumvent hitting that threshold.

Creating an account on an exchange such as Coinbase takes time. I have to verify myself first (i.e. sending them all my personal information/documents), then after that approval I have to transfer money to my account and then buy. This process could take days. Also, an exchange could block your account at any moment to ask for source of funds, which then only further delays the buying process.

Yes, you could choose to meet up with someone locally and conduct peer to peer transactions, but as newbie that's most likely not what you are interested in doing, especially not when you take the risks of such transactions into consideration.

It depends on where do you live. In Europe, it's getting more rigorous than before with the AML policies and other bullshits. In mine it's not that easy, bullion dealers are rare, jewelry doesn't sell gold bars or coins, only jewels. On top of that, you have to pay an 11% extra price. When you're lucky to find a place you can't pay in cash for items above 1000€, only by bank transfers or bank cheque. Your name is recorded in their accounting book, the trade is automatically transferred to the taxes departments, etc
Finally, it's easier to buy gold with Bitcoin compared to fiats.

It's even worse when you want to sell, you can not be paid with cash too, only bank transfers or a special type of cheque. And if you don't own a certificate in your name they first think you're a thief, secondly, you are charged an extra tax and so on.
Imagine in the time of our grandparent when owning a certificate wasn't mandatory but now they try to sell this gold

I have no idea, but I think it is pretty possible to find appropriate way for converting Bitcoin to Gold or silver..ect. Plus, I have not seen any company who is able for this work,  also it is very risky due to there are too many scammers in Bitcoin's domain, so I don't advise you for this idea. It is certain that Bitcoin is more precious and valuable than Gold, and remember that the price of this currency will rise over time and it may even reach to $ 30K after 1-2 years I would guess. 

jmbullion.com

That website is reputable and have good products/prices.  They even give you a discount if you use bitcoin versus paypal/credit.  There are definately others but if they ship to your company I would use them.

On here many companies provide the service and you will do it easily.

I would not suggest that directly. Too many scammers here even though some precious metal owners are legit but still using an escrow for the trade is essential.

Also they can use fiat to buy precious metals after selling bitcoin which seems like a two step process but a feasible one if direct transfer is not possible.

Again there may be local dealers in the person's marketplace of local boards or locality which is also good.

But in general there is always a risk of gold quality when taking it from P2P systems than an exchange.

There are lots of other sites that I know you can buy and store gold, but the only one I have been using is Gold Money, so I don’t know whether those other ones are accepting Bitcoin or not. I chose Gold Money because of how their platform looks simple and clean interface. It’s not like others that I have seen. I started making use of BitGold and when they merged with Gold Money, BitGold was closed down and Gold Money took over everything.

It’s not really a must that you will buy the assets using Bitcoin. You can still sell your Bitcoin and then use the money you got to make payment for the purchase of Gold. One thing I don’t like about their platform is that they don’t have a mobile app, BitGold used to have an application.

I mean, unless they have a safe way to transact and trade items I don't think this is a good idea at all. That's like having a robber hold your money for you and then asking them not to take the money away. This is a big risk, even bigger than the risk you'll be taking on trading bitcoins. So I won't suggest you doing that stuff as it could cause you serious bankruptcy in your cryptocurrency journey. It's better to be safe than sorry, as what many people have mentioned.

And even if they send you the trades on your first time, you can't be sure that they'll give you your trade in case you would like to transact with them. It happened to me once, I was robbed off of some bitcoins because I easily trusted a site I always go with trading and such. They ripped me off of a couple hundred dollars' worth of bitcoin which is something I don't want to happen to you.

It is remarkable that there is a fairly wide variety of similar services that allow you to buy precious metals and gold for bitcoin.
I think this is a good opportunity to invest or convert your own cryptocurrency assets into physical values.

For me personally, the main criterion for choosing a place for such a conversion will be the possibility of obtaining a physical asset in the real world.
That is, it is absolutely important that the exchange can deliver gold or precious metal to my home. Otherwise, these are just numbers in your account.

And it is really very difficult to find one that will deliver physical gold to your home. It will entail a lot of documentation. If there will be no attached documents needed, then start to doubt the authenticity of what you are buying. You need to have some sort of valid reference that they do deliver physical gold without any problem. Hard to trust online shops nowadays.

Why do not you consider the possibility of selling bitcoins for cash, as well as buying gold for this cash at a bank branch? Although you will lose some of the funds withdrawn from the cryptocurrency, and it is possible that the bank will charge a certain percentage of the sale, you will be much better protected than with such exchanges over the Internet.

Bitcoin is one of the best popular investments today is the use of cryptocurrency and many people grab this experience to make more earnings and they made a lot of investments, trading, and gambling with the use of it. Before the gold is one of the profits metal and stone and there are a lot of people starting to see the potential of the gold. But now one of the highest price today is the bitcoin and the gold and many people starting to earn more on it, first is the bitcoin because the law of supply and demand and the halving it will continuously be increasing and next is the gold every time goes by the price of it becomes more rare and expensive.

The process on which instance that you proposed may look difficult for some cause it is a long process. I'm also thinking of the idea of bitcoin for gold and vice versa, but seems like there is no one who are courageous enough to handle such volatile like that. It is a never ending question I guess, which is which, bitcoin or gold isn't it? It is like the question of the decade. But I guess the answer will differ on the era you've lived on.

I don’t think I know any precious metals company that is accepting cryptos as payment. All of the top ranked companies I know, none of them is accepting bitcoin as payment, it’s mainly through Bankwire and PayPal.

I was once a gold freak back when there used to be BitGold. I loved BitGold and that was my favourite platform then for buying and storing gold. And one thing I loved about them is that they have a mobile app which is unlike every other companies I have come across. But, not until they merged with GoldMoney and things changed, that’s when I stopped buying gold and later I discovered cryptocurrency. Cryptocurrency has been the thing for me.

The fees involved in this procedure will be bigger than just buying gold with cash. Its sad that we dont have direct methods of buying/selling gold vs bitcoin. BitGold was there at one time though I have not used it myself.

Technically yes, but the fees are big for the entire transaction. But there are P2P sales available with reputable members of this forum. You could take part in those and sell your bitcoins for gold or precious gems.

Bottom line is that every method carries some risk but you have to try them all to find out which one is going best for you. Do not send first to any seller without using an escrow.

As much as I know there are no companies that are doing that. If you want to buy gold you should sell your Bitcoin and then convert to fiat before looking for where you can be buying the gold you want. The same thing applies to when you want to convert your gold to cryptocurrency, you will have to sell to fiat and buy Bitcoin.

I know a lot of companies that are selling gold where you can be investing in gold but none of them are accepting Bitcoin as payment, the only payment they are accepting is payments to banks direct, and no other. I don’t even think their kind of business is the type that requires have different payment methods, they should be working with banks.