Announcement: Digix expands its vaulting locations into Canada
https://preview.redd.it/thni2ptoexd21.jpg?width=1018&format=pjpg&auto=webp&s=508b3f61ac0d29b342108cb1d372e716ee219457 Building upon our successful partnership with SilverGoldBull (SGB), Canada’s largest precious metal retailer, we are pleased to announce that Digix is now vaulting gold bullion in Canada as well as in Singapore. As a strategic partner of Digix since October 2018, SGB is one of Canada’s largest physical precious metals retailers and has been a long-time proponent of cryptocurrency adoption. SGB began accepting Bitcoin payments for its precious metals in 2013, far before cryptocurrency payments broke into the mainstream. Today, SGB accepts a host of different cryptocurrencies in return for its services, including Bitcoin, Dash, Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash. This important development not only adds to the flexibility and convenience which DGX holders already enjoy, but represents the first extension of our vaulting locations internationally. Our partnership with SGB will expand our vaulting geography, in addition to our two current vaults in Singapore, Brinks SG, and The Safe House, offering greater diversification of gold bullion supply and delivery services. Our gold is in custody with Silver Gold Depository at Brinks Calgary, where our latest supply worth 15kg of gold bars has been stored. With more vaulting locations with well-known custodians, we aim to increase our outreach of digital gold tokens across the globe. We are constantly striving to make DGX ownership an accessible and convenient experience for all token holders, and storing of gold in Brinks Canada marks a significant step in that journey. We look forward to keeping you updated on our continued progress as we move further into 2019! ---------------------------------------------- We always appreciate feedback from the community on any angles, so do drop us a note or join our channels below: · Medium: https://medium.com/@Digix · Reddit: http://reddit.com/digix · Twitter: https://twitter.com/digixglobal · Facebook: https://www.facebook.com/digixglobal/ · Github: https://github.com/digixglobal · Telegram: https://t.me/digixofficial§ · Discord: https://discord.gg/CCDBJJC · Instagram: https://www.instagram.com/digix.global/
A list of places to buy silver (and other PMs) with crypto
Below is a list of retailers and mints that accept crypto for silver and other purchases. I compiled this list as 95% of my PM purchases are made with bitcoin. I thought this could be a helpful resource to others too. Please let me know if I missed any, and I'll add them to the list. Sites are listed in no particular order.
Any one out there buy bullion with Bitcoin from the major dealers?
Looking for some help with this transaction method. Went to make my first silver purchase using bitcoin from Apmex and at the checkout screen it said "payment must be made from a 'payment protocol' compatible wallet" with a link to compatible wallets which were(Bitpay, Copay, Mycelium, Electrum, and Bitcoin Core). I keep my bitcoin stored on my KeepKey hardware wallet, which was not on the list of approved wallets. Does this mean that I need to transfer my Bitcoin to one of there software wallets in order to complete this transaction? I got the same message when I switched over to JMBullion to try and place an order. Also, tried to make an order through SilverGoldBull since they take Litecoin, but that process timed out when I clicked to complete the order and doesn't seem to have gone through. Thanks for any help you all can provide, and if you have a recommendation of which wallet to use that would be great!
Bullion/Gold/Silver Coins Using Bitcoin Cash/BCH (A Guide for US Folks)
TL;DR - you can buy physical gold/silveplatinum/palladium bullion with crypto, if you need to hedge a little or make massive gains a little bit more liquid. Hey friends, not a big Reddit poster. I’m not bothering to post this in /Bitcoin because it will either get deleted or buried under a sea of HODL memes. Feel free to share wherever, and save your tips/gilding for other people, because I started getting into BitcoinCash around $300 USD and I’m doing fine. I remember the excitement just over a year ago when I first bought myself a 1 oz gold coin (Libertad) https://i.imgur.com/HlOIOdE.png using BTC through JMBullion.com, though that option became more and more unacceptable this year because of transaction fees that increased my total price per troy ounce, and paying with an eCheck on APMEX.com was worth the extra days of waiting to get a decent price (APMEX has since started taking BTC, but not BCH yet). I have always liked collecting coins, and as I began to become more and more libertarian I have been intrigued by the idea of bullion as a hedge against government tyranny (though I admit that I do enjoy collecting and looking at the amazing designs). Well, we’re back in action now as of Dec2017, because SilverGoldBull.com (Canadians can use .ca) takes BitcoinCash and the process is super quick and easy. I saw the market topping out recently at $3,700 USD so I decided to put a small percentage of my BCH into some more bullion, just as a little hedge against what may come (same reason I still hold a small amount of my original BTC/Bitcoin Core after transitioning to 80% BCH post-01Aug fork). I doubt many people are into this little niche of the internet, but here’s a quick guide to using the SilverGoldBull website:
Before anything, I made an account on the .com domain and put my shipping/billing address.
I then added the items to my cart. Note that the options I was interested were limited to some near-spot gold coins like the 1oz gold Perth Swan https://www.apmex.com/product/154744/2017-australia-1-oz-gold-swan-bu and the kilo silver Perth Koala. https://silvergoldbull.com/1-kg-2017-australian-koala-silver-coin For me, close to spot is important. I don’t buy overpriced collectibles like the 1oz Silver Shield coins (they sell for $24 each, even though spot price is around $16.27 USD right now). I also don’t like bars at all, only coins with a purity and year on them. I think SilverGoldBull has a bit less inventory than massive APMEX, in addition to a low inventory due to holiday sales and waiting on next year's shipments.
After clicking “Checkout” I noted that my cart was just under $10,000 USD, because it made me feel better in the chance that the IRS decides to back-date laws and look for big spenders. Over $99 on SilverGoldBull.com means free shipping, insurance, and signature delivery (for a US address at least).
So everything has been normal so far, just like I would buy bullion using eCheck or Wire Transfer options on any big site like APMEX.com, JMBullion.com, SDBullion.com, ModernCoinMart.com, BullionExchanges.com, etc. Here’s where it gets easy! I clicked “Bitcoin and other Cryptocurrencies” https://i.imgur.com/nD26Z1L.png as the payment method, clicked the “I Commit to purchase and agree to Sale Terms” box, and then “Place Order” for a result of:
The next screen is a 10-minute timer to send the exact amount of BCH to their address (Copay users will need to convert their address to the type starting with “1” instead of “C” here https://bitpay.github.io/address-translato). I used my wallet to send the transaction with a one-cent fee, and the site noticed it after a couple minutes, redirecting to a Thank You page for confirmation. Later, I got an email with the confirmation as well.
The first purchase might require a US driver’s license emailed to the [email protected] address that asks for it. My order did, https://i.imgur.com/t1ifCsL.png but all orders after that will be processed right away. This might be a deal-breaker for those who don't like KYC (Know Your Customer) policies, but it wasn’t a deal breaker for me.
Now use Bitcoin Cash to purchase precious metals at Silver Gold Bull!
If you are sitting on large crypto gains and are looking at booking a portion of your profits, you can now use your crypto including Bitcoin Cash to buy gold and silver. We also accept Litecoin and Dash, and have accepted Bitcoin for more than three years. www.silvergoldbull.com
I sent the following to goldsilver.com: With silvergoldbull.com accepting various forms of cryptocurrency payments, I've recently been forced to make my precious metals purchases with them, although I remain a big fan of GoldSilver.com. So, I'd like to request that GoldSilver begin to accept Bitcoin Cash as a form of payment. With the clearly slow/expensive path that BTC has taken recently, performing a BTC transaction within the given 15 min has become essentially impossible, not to mention the discouraging network fees. Thank you for your time and I'm sure you will give my request consideration. God bless.
Now use Bitcoin, Bitcoin Cash, Litecoin and Dash to purchase precious metals at Silver Gold Bull!
If you are sitting on large crypto gains and are looking at booking a portion of your profits, you can now use Bitcoin, Bitcoin Cash, Litecoin and Dash to buy gold and silver. We have been accepting Bitcoin since 2014, and will soon be adding Ethereum as a payment method too! www.silvergoldbull.com
I've been noticing more and more people questioning whether or not they can use Bitcoin as a form of payment for precious metals, and I myself have searched a few times in this subreddit for dealers that accept various forms of payment. My suggestion is an addition or change to the FAQ that lists dealers who accept other forms of payment-mainly cryptocurrencies and Paypal. I like how there's a description of each dealer, and in my case i'm not only looking for a dealer that accepts Paypal, but also doesn't have ridiculous premiums or requires out-of-country insurance. i.e. I know Silver Gold Bull takes Paypal, but they're in Canada which requires an extra $25 minimum for insurance and shipping to the US. I'm only making a thread because I think 4K+ minds are better than one, and I'm sure we could compile a great list that would already improve on what we already have. I like having a list of dealers, but going through every one of them just to see if they take Bitcoin/Litecoin/Paypal isn't too efficient Paypal dealers:
Just doing a brief search for BTC [I found this thread that has a good list of dealers that accept Bitcoin] (http://www.reddit.com/Silverbugs/comments/1a3333/bitcoin_for_silve) As with anything I think it's important to note whether or not people have had good experiences, so that we're not sending them to the wrong places. Thoughts?
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