Want to convert your digital assets into physical gold with just a few clicks? Bitgolder’s cryptocurrency platform stands out with its simple interface and multiple options. This 5-year old European gold shop has served over 20,000 happy customers and become a go-to destination for crypto enthusiasts who want to broaden their investments into precious metals.
Bitgolder accepts a wide range of digital currencies that makes the bit gold price available whatever cryptocurrency you prefer. Bitcoin, Ethereum, Litecoin, Monero, Ripple, Dash, and several other cryptocurrencies work perfectly on their platform. On top of that, it supports multiple blockchain networks like Arbitrum, Base, and Tron. This gives you more flexibility with your purchases. The platform lets you buy gold without KYC under certain limits – great news for privacy-conscious buyers. Their partnership with CoinPayments.net provides the quickest way to process cryptocurrency transactions.
Let’s take a closer look at each cryptocurrency Bitgolder accepts in this piece. We’ll compare transaction speeds, privacy features, and help you pick the best option to buy your gold bars and coins.
Full List of Cryptocurrencies Accepted by Bitgolder
Bitgolder lets you buy precious metals using many different cryptocurrencies. Here’s a complete guide to all the digital currencies we support and what makes each one great for buying gold.
Bitcoin (BTC) and Ethereum (ETH)
Bitcoin and Ethereum are the life-blood of Bitgolder’s cryptocurrency payment system. These major cryptocurrencies give you reliable transactions backed by strong network support. Bitcoin’s 14-year old blockchain provides top-notch security, while Ethereum processes transactions faster. You can easily swap your BTC or ETH for physical gold and silver on Bitgolder.
Monero (XMR) for anonymous transactions
Monero leads the pack as Bitgolder’s top choice for private payments. Unlike Bitcoin’s open system, Monero hides transaction details using three privacy technologies: ring signatures, ring confidential transactions (RingCT), and stealth addresses. These features keep the sender, amount, and receiver hidden in every transaction. Monero’s privacy features are so strong that the IRS offered $625,000 in 2020 to anyone who could break XMR’s anonymity – nobody has succeeded yet. This makes Monero perfect for customers who want no-KYC gold purchases.
Litecoin (LTC), Dash (DASH), and Ripple (XRP)
You’ll find these alternative cryptocurrencies bring their own benefits:
- Litecoin: Confirms blocks in about 2.5 minutes (Bitcoin takes 10) with lower fees. This makes LTC a quick way to buy gold.
- Dash: Comes with optional privacy features and quick confirmations.
- Ripple (XRP): Completes international transfers in just 3 seconds.
Stablecoins: USDT, USDC, DAI
Stablecoins help you avoid market swings:
- Tether (USDT): Rules the stablecoin market with 45% share and $69 billion total supply (June 2022).
- USD Coin (USDC): Keeps one real U.S. dollar in reserve for each token.
- DAI: Runs on Ethereum blockchain under MakerDAO’s control.
These coins complete transactions in seconds or minutes, usually costing less than $1 on networks like Solana.
Supported networks: Arbitrum, Tron, Base
Bitgolder works with multiple blockchain networks:
- Arbitrum: Delivers quick transactions with minimal waiting.
- Tron: Handles lots of transactions without slowdown.
- Base: Works like Ethereum but runs better.
Cryptocurrency Comparison Table for Gold Purchases on Bitgolder
| Cryptocurrency | Transaction Speed | Privacy Level | Network Fees | Best Use Case |
|---|---|---|---|---|
| Bitcoin (BTC) | 10 minutes | Low | Variable | Large orders, security |
| Ethereum (ETH) | 15-30 seconds | Low | Higher | Faster confirmations |
| Monero (XMR) | 2 minutes | Very High | Low | Anonymous purchases |
| Litecoin (LTC) | 2.5 minutes | Low | Very Low | Cost-efficient purchases |
| USDT/USDC | Seconds-minutes | Low | Under $1 | Stability during volatility |
| Dash (DASH) | 2.5 minutes | Medium | Low | Balance of speed/privacy |
| XRP | 3-5 seconds | Low | Very Low | Fastest transactions |
Bitgolder’s wide range of cryptocurrency options gives precious metals investors flexibility. You can pick the payment method that lines up with what matters most to you – speed, privacy, or keeping costs down.
Comparison Table: Speed, Privacy, and Fees by Cryptocurrency
Image Source: Visual Capitalist
Your choice of cryptocurrency to buy precious metals can make a huge difference. Bitgolder lets you pay with multiple cryptocurrencies, and you can pick the one that works best for what you want.
Transaction Speed: BTC vs ETH vs XMR
The speed of transactions will affect your buying experience on Bitgolder. Bitcoin handles about 7 transactions per second and takes around 10 minutes to confirm. Heavy network traffic can push BTC transaction times up to an hour.
Ethereum is much faster than Bitcoin with confirmations taking just 15-30 seconds. ETH becomes a great choice if you want quick confirmation while buying gold bars or coins.
Monero hits the sweet spot with 2-minute confirmation times. It’s a bit slower than Ethereum but processes transactions much faster than Bitcoin while giving you better privacy features.
Dash deserves a mention with its 2.5-minute confirmation time. This makes it another good option to quickly buy gold through Bitgolder.
Privacy Level: Monero vs Bitcoin
Monero and Bitcoin are nowhere near alike when it comes to privacy. Bitcoin runs on a completely open blockchain where anyone can see sender addresses, receiver addresses, and transaction amounts. Bitcoin addresses might be pseudonymous, but blockchain analysis could link them to actual identities.
Monero uses three powerful privacy technologies:
- Ring signatures – Mix your transaction with others, making it impossible to determine the actual sender
- Stealth addresses – Create one-time addresses for recipients, preventing direct links to their main wallet
- Ring Confidential Transactions (RingCT) – Hide transaction amounts completely
These features make Monero practically impossible to trace, offering privacy that Bitcoin can’t match.
Network Fees: Ethereum Gas vs BTC Fees
Network fees matter if you’re watching your costs while buying gold with cryptocurrency. Bitcoin’s fees change based on network traffic, ranging from $1 to over $10 during busy times. The system calculates fees in satoshis per byte of data.
Ethereum’s fee structure is different and uses a “gas” system with three parts:
- Gas limits – Maximum amount you’re willing to pay
- Base fee – Minimum required for transaction execution
- Tips – Optional payments to prioritize your transaction
Ethereum gas fees can cost more than Bitcoin fees during network congestion. The faster confirmation times often make up for the higher cost when time matters.
Monero keeps its transaction fees low, usually around $0.01-$0.05. This makes it not just the privacy leader but also one of the cheapest ways to buy gold on Bitgolder.
Best for Large Orders: USDT and USDC
Stablecoins shine when you’re making big gold purchases. USDT (Tether) and USDC both stay pegged to the US dollar at 1:1. This removes the price swings that often come with cryptocurrency transactions.
Tether trades on more exchanges and has better liquidity than USDC. This means USDT works better for large gold purchases on Bitgolder.
USDC might be on fewer exchanges, but it leads in transparency and following regulations. USDC shows its reserves monthly, while Tether only reports quarterly. USDC gives you more confidence if you’re concerned about stablecoin backing.
Best for Anonymous Orders: Monero (XMR)
Monero stands alone for buyers who value privacy. Unlike other cryptocurrencies that make privacy optional, Monero builds it into every transaction. This approach ensures your privacy without any extra setup.
Monero’s privacy technology proved so effective that the IRS couldn’t crack it in 2020, even with big rewards offered. This makes XMR the clear choice for no-KYC gold purchases on Bitgolder.
Bitgolder Cryptocurrency Comparison Table
| Cryptocurrency | Confirmation Time | Privacy Level | Transaction Fee | Best Use Case |
|---|---|---|---|---|
| Bitcoin (BTC) | 10 minutes | Low | $1-$10+ | Established security |
| Ethereum (ETH) | 15-30 seconds | Low | Variable (gas-based) | Fast confirmations |
| Monero (XMR) | 2 minutes | Very High | $0.01-$0.05 | Anonymous purchases |
| Dash (DASH) | 2.5 minutes | Medium | Low | Balance of speed/privacy |
| Tether (USDT) | Varies by network | Low | Network-dependent | Large volume purchases |
| USD Coin (USDC) | Varies by network | Low | Network-dependent | Regulatory compliance |
| Litecoin (LTC) | 2.5 minutes | Low | Very low | Cost-efficient purchases |
Which Cryptocurrency is Best for Buying Gold Bars and Coins
Your priorities about speed, privacy, and fees will help you pick the right cryptocurrency for your gold purchase at Bitgolder. Let’s get into the best options for different buying scenarios.
Gold with Bitcoin: Widely accepted, slower confirmation
Bitcoin stands as the most recognized option for buying precious metals through Bitgolder. BTC transactions provide resilient security through its 14-year-old blockchain protocols. The catch? Confirmation takes about 10 minutes on average and can stretch to an hour when the network gets busy. Bitcoin works best for planned purchases that don’t need immediate confirmation.
Buy Gold with ETH: Faster but higher fees
Ethereum processes transactions much quicker than Bitcoin, with confirmations taking just 15-30 seconds. This quick turnaround makes ETH perfect for time-sensitive gold purchases. But this speed comes with a trade-off – Ethereum’s gas fees swing wildly based on network activity and can be higher than Bitcoin’s transaction costs.
Bitgold Cryptocurrency vs Traditional Crypto
Note that “Bitgold” – Nick Szabo’s 1998 conceptual precursor to Bitcoin that never launched – differs from cryptocurrencies accepted at Bitgolder. Modern cryptocurrencies at Bitgolder offer practical ways to buy physical precious metals, unlike theoretical Bitgold that proposed decentralized proof-of-work strings stored in a title registry.
Why Monero is Ideal for No-KYC Gold Purchases
Monero shines as the top choice for privacy-focused buyers. XMR builds in anonymity by default using three key technologies: ring signatures, RingCT, and stealth addresses. This unmatched privacy makes Monero perfect for no-KYC gold purchases under $20,000. Even government agencies can’t crack Monero’s privacy features.
Bitgolder Cryptocurrency Comparison for Gold Purchases
| Cryptocurrency | Speed | Privacy | Best For |
|---|---|---|---|
| Bitcoin (BTC) | Slow | Low | Security, larger purchases |
| Ethereum (ETH) | Fast | Low | Quick transactions |
| Monero (XMR) | Medium | Highest | Anonymous purchases |
| Stablecoins | Fast | Low | Price stability |
Pick Monero if privacy tops your list, go with Ethereum when speed matters most, or stick with Bitcoin for reliability.
How to Use Each Cryptocurrency on Bitgolder
Buying precious metals with digital currency becomes easy once you pick your preferred payment method. Bitgolder makes this process available through several cryptocurrency options.
Step-by-step: Pay with Bitcoin
- Select your desired gold or silver products on Bitgolder
- At checkout, choose BTCPay as your payment method
- A page will show a QR code and wallet address
- Scan the QR code with your Bitcoin wallet or copy the address manually
- Send the exact amount shown from your wallet
- Your confirmation takes about 10 minutes based on network traffic
Step-by-step: Pay with Ethereum
- Add gold items to your cart on Bitgolder
- Choose Ethereum as your payment option at checkout
- Bitgolder creates an ETH wallet address just for your transaction
- Send the exact ETH amount to the provided address
- Your confirmation usually takes 15-30 seconds
- The order processes after blockchain confirms the payment
Step-by-step: Pay with Monero
- Select your gold products on Bitgolder
- Pick Monero (XMR) as your payment method
- You’ll get a unique XMR payment address
- Open your Monero wallet and enter the provided address
- Send the exact XMR amount shown
- Your confirmation takes about 2 minutes
Using Stablecoins via CoinPayments
- Pick CoinPayments as your payment method at checkout
- Go to the CoinPayments.net website
- Select your preferred stablecoin (USDT, USDC, or DAI)
- Complete your payment by following the on-screen steps
- CoinPayments handles your transaction while keeping stable value
Using BTC Lightning Network via BTCPay
- Choose BTCPay at checkout (only for Bitcoin Lightning Network)
- Use your Lightning-compatible wallet to scan the QR code
- Send payment through the Lightning Network
- Your confirmation happens right away, unlike regular Bitcoin transactions
- The gold purchase processes instantly
Bitgolder Cryptocurrency Acceptance Table
| Cryptocurrency | Speed | Security | Privacy |
|---|---|---|---|
| Bitcoin | 10 min | High | Low |
| Ethereum | 30 sec | High | Low |
| Monero | 2 min | High | Highest |
| Stablecoins | Varies | High | Low |
| BTC Lightning | Instant | High | Low |
New buyers often prefer Monero for private gold purchases since Bitgolder doesn’t require identification for transactions under $20,000.
Security and Privacy Features by Payment Method
Privacy and security are the foundations of Bitgolder’s cryptocurrency payment system that protects your identity while ensuring safe transactions.
No-KYC Policy for Orders Under $20,000
Bitgolder takes a unique approach compared to traditional gold dealers. The company doesn’t require identity verification for purchases under $20,000. EU-based buyers can buy physical gold without creating an account for smaller orders. This policy addresses the privacy concerns that drew people to cryptocurrency from the start.
Anonymous Shipping and Discreet Packaging
Bitgolder ships worldwide with full insurance and confidentiality. The company’s packaging focuses on two key elements:
- Anonymity: Packages don’t show any signs of valuable contents
- Protection: The discreet packaging is tamper-proof and damage-resistant
Wallet Address Generation and Expiry
Bitcoin wallet addresses don’t expire technically. Many wallets generate new addresses automatically for each transaction to enhance privacy. Your wallet’s previous addresses stay connected permanently and can receive funds. However, using them again might risk your privacy.
How Bitgolder Protects User Identity
Bitgolder asks only for basic information for standard orders:
- Name
- Email address
- Shipping address
- Billing address
Cryptocurrency Comparison for Gold Purchases
| Cryptocurrency | Speed | Privacy | Security | Best For |
|---|---|---|---|---|
| Bitcoin (BTC) | 10 min | Low | Very High | Large purchases |
| Ethereum (ETH) | 30 sec | Low | High | Quick transactions |
| Monero (XMR) | 2 min | Highest | Very High | Anonymous purchases |
| Litecoin (LTC) | 2.5 min | Low | High | Cost-efficiency |
Conclusion
This piece explores how Bitgolder lets you buy precious metals using different cryptocurrencies. Without doubt, this European gold dealer accepts an impressive range of digital currencies. You get plenty of flexibility to convert your crypto into physical gold and silver.
Let’s take a closer look at what makes each cryptocurrency different. Bitcoin is 10 years old and gives you security and reliability, but takes about 10 minutes to confirm. Ethereum processes transactions much faster in 15-30 seconds, though gas fees can run higher. Monero stands out as the top choice for privacy with its unmatched anonymity features. It works great for no-KYC purchases under $20,000.
Your specific needs will determine the best choice. Ethereum or Ripple (XRP) might work better if you need speed since they confirm in 3-5 seconds. Litecoin or Monero keep transaction costs low consistently. It also helps that stablecoins like USDT and USDC are a great way to make larger purchases. They stay price-stable and reduce your volatility risks.
Bitgolder improves your buying experience with anonymous shipping, discreet packaging, and simple payment methods. They work with services like CoinPayments.net and support multiple blockchain networks including Arbitrum, Base, and Tron to give you more payment options.
Here’s a quick reference of Bitgolder’s accepted cryptocurrencies and their main features:
| Cryptocurrency | Transaction Speed | Privacy Level | Best Use Case |
|---|---|---|---|
| Bitcoin (BTC) | 10 minutes | Low | Security, larger purchases |
| Ethereum (ETH) | 15-30 seconds | Low | Fast transactions |
| Monero (XMR) | 2 minutes | Highest | Anonymous purchases |
| Litecoin (LTC) | 2.5 minutes | Low | Cost-efficient purchases |
| Ripple (XRP) | 3-5 seconds | Low | Fastest transactions |
| USDT/USDC | Varies by network | Low | Price stability |
| Dash (DASH) | 2.5 minutes | Medium | Balance of speed/privacy |
Bitgolder’s multi-cryptocurrency support lets you buy precious metals your way. You can stay anonymous with Monero, get quick confirmations with Ethereum, or stick to Bitcoin’s proven security. Their no-KYC policy for smaller transactions makes Bitgolder a great choice for crypto enthusiasts who want to vary their investments into physical gold.
Key Takeaways
Bitgolder stands out as a versatile cryptocurrency-to-gold platform, accepting multiple digital currencies with varying benefits for precious metals purchases.
• Bitgolder accepts 7+ cryptocurrencies including Bitcoin, Ethereum, Monero, Litecoin, Dash, XRP, and stablecoins (USDT/USDC/DAI)
• Monero (XMR) offers the highest privacy with 2-minute confirmations, making it ideal for anonymous gold purchases under $20,000
• Ethereum provides fastest mainstream transactions (15-30 seconds) but with higher gas fees, perfect for time-sensitive purchases
• Bitcoin remains most secure option with 10-minute confirmations, best suited for larger, planned gold investments
• No-KYC policy allows anonymous purchases under $20,000 with discreet worldwide shipping and insurance coverage
The platform’s multi-network support (Arbitrum, Tron, Base) and partnerships with CoinPayments.net provide flexible payment options, making it accessible whether you prioritize speed, privacy, cost-efficiency, or security when converting crypto to physical gold.
FAQs
Q1. What cryptocurrencies does Bitgolder accept for gold purchases? Bitgolder accepts a wide range of cryptocurrencies, including Bitcoin, Ethereum, Monero, Litecoin, Dash, Ripple, and stablecoins like USDT and USDC. They also support multiple blockchain networks such as Arbitrum, Tron, and Base.
Q2. Which cryptocurrency offers the best privacy for buying gold on Bitgolder? Monero (XMR) provides the highest level of privacy for gold purchases on Bitgolder. It uses advanced technologies like ring signatures, stealth addresses, and RingCT to ensure transaction anonymity, making it ideal for those prioritizing privacy.
Q3. How fast are cryptocurrency transactions processed on Bitgolder? Transaction speeds vary by cryptocurrency. Ethereum offers the fastest mainstream transactions, typically confirming in 15-30 seconds. Bitcoin takes about 10 minutes, while Monero averages 2 minutes. Ripple (XRP) is the fastest, with 3-5 second confirmation times.
Q4. Does Bitgolder require KYC (Know Your Customer) verification for all purchases? Bitgolder has a no-KYC policy for orders under $20,000, allowing anonymous purchases for smaller transactions. This policy, combined with discreet worldwide shipping, enhances privacy for customers buying gold with cryptocurrency.
Q5. Which cryptocurrency is best for large gold purchases on Bitgolder? For large gold purchases, stablecoins like USDT and USDC are often preferred due to their price stability. Bitcoin is also a good option for larger, planned investments due to its established security and reliability, despite longer confirmation times.
