How To Purchase Precious Metals With Bitcoin
Four Easy Step To Buy Gold With Bitcoin
Purchasing gold and other precious metals with Bitcoin is even easier than using your bank account. You can very simply convert your BTC into gold and silver in four simple steps. Our precious metals specialists will walk you through the process and answer any questions that may come up.
Step 1: Call
First call (888)465-3006 to talk with one of our knowledgeable specialists, or you can chat discretely and directly at First Capital Gold.
Step 2: Invoice
Once you finalize your order, we will generate an invoice priced in Bitcoin through our payment network partner, BitPay. You will receive the invoice via email.
Step 3: Bitcoin Wallet
With invoice in hand, you can very quickly and simply pay it in Bitcoin using your wallet.
Step 4: Shipping
After the transaction processes, we will ship the metals directly to you, or you can set up a storage account through us.
Top 5 Advantages To Owning BTC:
There are a number of advantages to owning Bitcoin. Most of these revolve around anonymity and security. BTC is built on a decentralized platform known as the blockchain. Because of its nature and its inherent redundancy it is virtually impossible to hack the system or trace transactions, as long as you take steps to protect your personal information. Following are the top five advantages of owning BTC.
BITCOIN BENEFIT #1
Global Currency – BTC is a single international currency that you can use around the globe without any conversion.
BITCOIN BENEFIT #2
Lower Transaction Costs – Bitcoin transactions often incur lower fees and could save you money compared with using a credit card or PayPal.
BITCOIN BENEFIT #3
Lower Taxes – Currently, there are no sales taxes levied on the acquisition of Bitcoin. While the IRS does require you to report capital gains on the sale of Bitcoin, you can buy BTC and use it in everyday transactions without incurring tax liability.
BITCOIN BENEFIT #4
Anonymity – A series of random letters and numbers makes up your wallet address. Unless you choose to reveal it, nobody can connect it to you. This greatly increases privacy. You can transact business discretely using Bitcoin. This limits third party access to your personal financial data and decreases the risk of identity theft.
BITCOIN BENEFIT #5
No Third-Party Seizure– The Bitcoin system is built on redundancy. Because multiple copies of every transaction exist on the blockchain, nobody can get your bitcoins. There is currently no way for governments to seize or freeze your wealth.
Reasons to Buy Precious Metals with Bitcoin
Bitcoin has significant upside. BTC and precious metals both offer alternatives to government monopolized fiat currency. They play a similar role as free market, sound money. But as with any financial instrument, there are potential pitfalls. Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downside and put you on in an overall stronger financial position.
PRECIOUS METALS BENEFIT #1
Value Historically Consistent – Bitcoin has an amazing track record so far. The blockchain has proven to be a groundbreaking technology, and BTC has tremendous potential for continued growth. But it is still very young. As with any game-changing technology, the landscape is constantly shifting. How Bitcoin will evolve over time remains to be seen. Volatility can be both a blessing and a curse for investors. Gold and silver have a multi-millenia long history as a trusted store of value. People have used precious metals as money, for most of human history. Records of gold transactions exist dating back to 600 BC. The earliest coin minted from precious metals (an alloy of gold and silver) is more than 2,700 years old.
PRECIOUS METALS BENEFIT #2
Stock Market Bubble – Many economists believe a massive stock market correction is overdue and the country will likely to slip back into a recession. Gold and silver historically perform extremely well in tough economic times as people flock to precious metals as a financial safety net.
PRECIOUS METALS BENEFIT #3
IRS Taxation – While the federal government hasn't found a way to effectively collect taxes on Bitcoin, politicians in D.C. will eventually figure it out. Precious metals dealers are not required to report purchases of gold and silver, and precious metals are one of the last private and discreet financial investment options remaining.
PRECIOUS METALS BENEFIT #4
Physical Asset – The online, crowd-sourced nature of Bitcoin has created some instability in the past. Power struggles between key figures in the Bitcoin world have disrupted the market from time to time. While things currently appear stable, there is still potential for problems. Because gold and silver are tangible, physical assets, diversifying your portfolio with precious metals can add an element of proven stability.
PRECIOUS METALS - BENEFIT #5
Portfolio Diversification - The meteoric rise in the price of Bitcoin might tempt you to invest everything you have into the cryptocurrency. But no competent financial adviser or brokerage firm would ever recommend putting all of your wealth into a single investment. You wouldn’t put all of your money into a single stock. You wouldn’t put all of your wealth into a single bond, and you shouldn’t put all of your wealth into a cryptocurrency.
Bitcoin may well continue to increase in value relative to the dollar, but it is still wise to diversify. As with any asset, there are uncertainties in the Bitcoin market, including potential "forks" and the proliferation of new cryptocurrencies competing for market share. Silver and gold bullion are the perfect physical commodities to compliment your Bitcoin portfolio.