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Author Topic: Can you Buy Gold or Silver with Bitcoin  (Read 2376 times)
liskanth
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October 11, 2018, 05:04:15 AM
 #121

I don't know about buying silver or gold by using bitcoin, but i know big companies like Ford, Nissan and BMW... these bitcoin payments are accepted..
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October 11, 2018, 05:59:31 AM
 #122

i dont know its save or not.
you can make deal with someone that want to sell gold or silver and make payment with bitcoin. just advertise what you want in social media, that related with cryptocurrent.
we need to keep some gold to make sure if someday crypto dont exist anymore, we still have assett like gold or silver
I myself have never bought gold and silver directly with bitcoin. I only exchange bitcoin often with cash and I make cash as a transaction tool to get an item. safer if we invest in two places, namely bitcoin and gold. bitcoin often experiences price ups and downs when prices fall we can count on gold and vice versa.

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October 11, 2018, 06:02:13 AM
 #123

I buy or invest in bitcoin so then I think that there's no reason for buying gold or maybe silver because bitcoin is now considered as a new gold and it can really give us a huge amount of profit. We can buy gold and silver with the use of bitcoin because we can convert bitcoin into fiat to buy gold or silver. But in my part I don't buy anything with the use of bitcoin today because we are now on dip and spending our Bitcoin today is a big loss.
 

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October 11, 2018, 06:14:33 AM
 #124

Of course yes, I may not have buy gold or silver with bitcoin but I am sure it can be.  The thing is, it depends on the one you are making transaction with, if he is accepting bitcoin as a payment. I think, everything can buy with bitcoin by the time comes and I am eager to have bitcoins.

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October 11, 2018, 06:17:29 AM
 #125

we can buy anything with bitcoin.
because bitcoin having value.

but if in your site, I think you must get proofment  for safety.
don't spend your money to scam site. better learn about that site.

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October 11, 2018, 06:18:06 AM
 #126

Until now in my country in Indonesia there are still no companies offering gold or silver exchange using bitcoin bro. but if fellow bitcoin members are there, bro ..

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October 11, 2018, 06:26:12 AM
 #127

to buy directly with bitcoin I myself also don't understand because in our place I have never met an official store that accepts this transaction with bitcoin. What I have done is to take bitcoin and I buy gold directly.

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October 11, 2018, 06:37:30 AM
 #128

If you dont search official store is not the problem.
You can cashout then buy or find some one and makr OTC

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October 11, 2018, 09:12:09 AM
 #129

We can not buy gold or silver with exchange of bitcoin But if you withdraw your bitcoin to the money you can buy Gold or Silver everyone.
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October 11, 2018, 10:39:50 AM
 #130

In my opinion. we can buy all items using bitcoin or altcoin. we must look for traders who want to accept bitcoin or altcoin as a means of payment for conventional currency substitutes, so that no seller and buyer are harmed. if there are no sellers who want to accept crypto as a payment instrument, you must exchange your crypto with the currency according to your country. so you can shop with the crypto results that you have exchanged.

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October 11, 2018, 10:59:14 AM
 #131

That would be possible if the supplier of gold and silver are accepting cryptocurrency payments for their gold or silver you want to purchase from them , but if the supplier of gold and silver will not adopt this payments of cryptos then you can not buy them with the use of bitcoin.

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October 11, 2018, 12:27:17 PM
 #132

I think today you can buy anything with the bitcoin. Even gold and silver. Even house and car. Look at the English Premier Leaguei the best football league teams are working with the crptocurrencies. In Italy Juventus started to use it too. Every new day we see more bitcoin in the all business markets. Microsoft is the one of the bigger company that accepts bitcoin today.

If you want to see more major retailers which accept bitcoin, the list is here in this two news:

https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965

https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

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October 11, 2018, 12:48:38 PM
 #133

if you are trying to cash out your investments in BTC and invest in Gold or Silver, you should sale your coins and cash them out, then use teh cash to buy gold or silver.
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October 11, 2018, 01:03:32 PM
 #134

The cryptocurrency market is fully developed and is included in many sectors of our lives. I think that soon we will be able to buy and acquire valuable precious metals for cryptocurrency. Now in some countries you can buy goods for cryptocurrency, in the future it is an indicator that cryptocurrency will be used everywhere.
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October 16, 2018, 01:01:43 PM
 #135

I think it's possible. especially when bitcoin is already quite famous and many people already know about bitcoin. and there are also many shops that accept payment with bitcoin.


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October 20, 2018, 12:44:36 AM
 #136

In Dubai at the airport.

There are vending machines where you can buy gold or silver with Bitcoin.  Smiley

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October 20, 2018, 11:07:32 AM
 #137

In Dubai at the airport.

There are vending machines where you can buy gold or silver with Bitcoin.  Smiley

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I tried to find the company behind the vending machines accepting Bitcoin as payment option, but couldn't find any. I however found out that there are indeed actual vending machines where you can buy gold without KYC verification.

https://youtube.com/watch?v=RMYy65CO7vk

The only downside of buying smaller fractions of gold through these vending machines is that you pay a massive premium. 1GR bars some times come at a 25-50% premium which is insane in my opinion.

Maybe most of the premium comes down to the nice looking packaging and the polished bar itself? Great to hand over as gift, but a straight loss of value if you buy it for investment purpose.

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October 22, 2018, 06:13:00 PM
 #138

In Dubai at the airport.

There are vending machines where you can buy gold or silver with Bitcoin.  Smiley

** not a joke **
I tried to find the company behind the vending machines accepting Bitcoin as payment option, but couldn't find any. I however found out that there are indeed actual vending machines where you can buy gold without KYC verification.

https://youtube.com/watch?v=RMYy65CO7vk

The only downside of buying smaller fractions of gold through these vending machines is that you pay a massive premium. 1GR bars some times come at a 25-50% premium which is insane in my opinion.

Maybe most of the premium comes down to the nice looking packaging and the polished bar itself? Great to hand over as gift, but a straight loss of value if you buy it for investment purpose.

Because it is sold in low quantity, the packaging, infrastructure, management costs, etc are what make the price higher. Better to buy a big block, but not everyone has the money to buy a beautiful gold bar 1 Kg. Also the country and the place participate surely to the price

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October 23, 2018, 05:13:19 AM
 #139

We can not buy gold or silver with exchange of bitcoin But if you withdraw your bitcoin to the money you can buy Gold or Silver everyone.

We can not buy gold or silver with exchange of bitcoin

why not ? cant you see and feel  that bitcoin is already popular worldwide ? That simply means there were now merchants that accept the use it in exchange for their services or goods .

We can basically find them mostly online but it is still rare to find a local store [ offline ] store that accepts bitcoin as payment gateway .

if you withdraw your bitcoin to the money you can buy Gold or Silver everyone.

That is the best method to do for now  . we must exchange our cryptos to local currency first so that we can always buy whatever we like , anytime or anywhere .
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November 18, 2018, 02:20:00 PM
 #140

I’m the type of person who is hard to believe when selling/buying gold with a third party that not licensed by the state government. Because gold is very good for investment in the real world, so if you sell/buy a gold with a third party without license from the state government it could be a fraud and you will lose your bitcoin then you don’t get your gold.

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