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How to buy gold with bitcoin: The 5 sites

The best sites to buy physical gold (physical bars and coins) with bitcoin

Cryptos

11 min read

Ah…Buying gold with bitcoin…? It’s a new trend indeed that is attracting more and more investors.

You have no idea how long I have wanted to write this article. For those who already know, I really like gold as an investment. But be careful, all the same.

This remains what we call a pleasure investment, in the same way as when you invest in wine or in classic cars.

Additionally, there is a LOT to say about gold because it is not a special investment in that it does not generate dividends or anything else. Unless you buy shares of mining companies, but that's getting off topic because that requires a certain expertise in the field of paper purchases.

So, it is rather an investment that we consider to be stable (in view of the price of an ounce since 1800, which has been rising continuously) and even having the quality of a “safe haven”.

Buying gold: a safe haven
How to buy gold online?
What is the taxation of gold in France?
How to buy gold with bitcoins?
3/ Buy tokenized gold

Buying gold: a safe haven

I initially bought gold from traditional sites, such as one of the most reputable, namely Gold Avenue.

buy gold gold — Source: Website Gold Avenue

Buy gold on GoldAvenue

Also, before getting to the heart of the matter which is how to buy gold with bitcoin, you also need to know certain things.

Before you make your decision, do your research. Buying paper gold or physical gold involves different procedures; The costs are also different. If you are buying physical gold, you will need to think about the safe you want if you do not want to keep it at home.

In short, once these precautions have been taken, we can get started, my dear readers.

I must even admit that I am quite fascinated by gold as a metal on the one hand and as an object of worship on the other. In fact, to put it another way, I am amazed and fascinated by the very fascination it exerts on man.

In fact, yes, as soon as I could, I always wanted to buy gold , whether in the form of jewelry or as a stock market investment.

It is therefore with deep joy that I discover that there are more and more sites which allow users to buy gold.

The techniques are different depending on what you are looking for. And, in this article which is only an introduction to different aspects that I will discuss with you, we will see the different methods there are to buy gold with bitcoins.

How to buy gold online?

Mainly, there are two main ways to invest in gold. First, there is investing in physical gold. In this case, you receive your coin or bar at home or you can decide to store it in a safe, to avoid theft for example.

The second known way is to invest in paper gold. There, you go through a mutual fund to buy derivative products.

We can also talk about a third way which consists of investing directly in the shares of gold companies. However, this turns out to be a professional investment that must be mastered.

What is the taxation of gold in France?

First, the most important rule to know is that you won't be taxed the same way if you invest in physical gold as you will in paper gold. There are differences between the two. Also, keep in mind that it's not the purchase of gold (physical or paper) that is taxed (apart from VAT), but rather the resale. It's the resale that will make you subject to taxation.

Taxes for physical gold upon purchase:

Gold bars and coins minted after 1800: VAT exemption.
Collectible gold coins minted before 1800: 20% VAT
Taxes for physical gold on sale:

la flat rate tax of 11%, which groups :
- 10,5% Precious Metals Tax (TMP);
- 0,5% Contribution to the Repayment of Social Debt (CRDS).

Any capital gain is therefore not taken into account in the calculation of the tax.

la taxation under the capital gains regime:
- in the absence of capital gain or capital loss : no taxation.
- a cas de capital gain : a tax of 36,2%* (See below)
Taxes for paper gold on purchase:

There is no tax on the purchase, but there are transaction fees which depend on the broker and the contract subscribed to.

Taxes for paper gold on sale:

The sale of paper gold is taxable under the category of income and capital gains from the sale of securities . Two methods of taxation are possible:

There is the Single Flat Rate Deduction (PFU) of 30%.
Take into account the progressive scale of income tax, to which we add 17,2% social security contributions.

*Besides, let's add for even more precision that there is 19% capital gains tax and 17,2% linked to social security contributions.

Important note :

In fact, the capital gains tax regime for gold is regressive. This means that taxable capital gains benefit from a 5% reduction per year of ownership starting from the third year. Furthermore, after 22 years of gold ownership , the sale of gold is completely tax-exempt.

How to buy gold with bitcoins?

Now it's time to get to the heart of the matter, right? So let's take a look at the different sites that allow you to buy gold with your cryptocurrencies.

1/ Buy physical gold: coins or bars

This is certainly the method you are most familiar with, am I wrong? In the imagination, we have the idea of buying gold and receiving an ingot or ingot directly at home. It is therefore one of the most sought after methods.

I discovered BitGild , a company based in Amsterdam. It's definitely my preferred method because you can buy gold while remaining anonymous.

The big advantage of BitGild is that it allows you to buy verified physical gold with different cryptocurrencies and even FIAT money.

The company offers fast delivery with dispatch within 24 hours of your order.

For delivery, in France (it depends on your country) for a purchase of gold for less than 1000 euros, the costs amount to 19.95. For a purchase over 1000 euros, delivery is free.

Get €10 by following my link: Go to BitGild.

Buy gold on BitGild

2/ Buy gold on Vaultoro

In this area, I have to tell you about the site that I really appreciate, Vaultoro. The German founders are behind the Berlin-based company 9Bar, in which users can buy physical gold.

However, also interested in cryptocurrencies, they decided to launch the company Vaultoro in 2015 , which also allows you to buy gold, with the difference that you can buy gold with cryptocurrencies.

Moreover, on Vaultoro, you can buy gold with bitcoin or with Dash.

The platform is intuitive and well made. You can buy and sell gold directly between different users of the site. There are enough users to have enough liquidity, which is interesting.

What's interesting with Vaultoro is that you can buy gold without having to receive it at home (which involves delivery times). Above all, the procedure of sending gold is somewhat tricky. We don't send you ham or a t-shirt, so there are special procedures.

Likewise, there are audits to be carried out on the gold you receive etc. All these things mean that when you buy gold, you inevitably find yourself having to pay extra.

3/ Buy tokenized gold

Of course, we are on a blog that talks about cryptocurrencies above all, so I had to talk to you about the tokenization of gold.

Even if I reserve a more complete article on the two sites that I will discuss here:

For Veraone, know that the displayed price of the VRO token is equivalent to one gram of physical gold (XAUEURG).

In fact, by investing in VeraOne, you will indeed be investing in gold. However, in this case, it will be a cryptocurrency. Therefore, it is by facilitating the buying and especially the selling that VeraOne proves to be an excellent option for those who are betting on gold.

As for VeraCash, the offer is even more interesting but very similar to that of Veraone.

Moreover, the projects, as we can assume from their logo, come from the same organization.

VeraCash also stands out because it offers an associated bank card. This means that you can directly exchange your gold tokens and use them for payment, for example.

I must say that I still find it fascinating. So, I will first try the platform before giving you my full opinion, in case you are interested.

4/ Buy gold on BitPanda

I don't know if you are familiar with BitPanda, but it's a platform I've been using personally for a very long time.

In fact, BitPanda were one of the first to offer buying gold with cryptocurrencies. The offer was truly innovative at the time. They have very attractive rates. Likewise, you can buy other than gold but also other metals.

So that’s it for this (general) article on how you can buy gold with cryptocurrencies.

I hope this helped you see things more clearly.

What is your preferred method for buying gold with bitcoin?

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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