Buy Gold with Bitcoin
Sharps Pixley are now accepting Bitcoin as a payment method for gold bullion and other precious metals via leading payment processor BitPay.
As one of the most trusted providers of precious metal in the UK, Sharps Pixley now accept Bitcoin to provide greater choice to customers, both when making a purchase online or voice broking for larger transactions. Sharps Pixley’s online webshop integration allows customers to pay using any Bitcoin wallet and complete their order in seconds, without leaving the site.
Ross Norman, Sharps Pixley CEO said “it is our view that many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold ; and be able to switch across in a simple and cost effective way. That avenue is now open to them.”
Buying gold bullion online with Bitcoin is easy at the Sharps Pixley online shop, just follow the transaction process to the payment method selection page and click on Bitcoin. There is a 0.5% surcharge for paying online with Bitcoin, which is 2% less than paying with a credit card, and this fee will be applied at this stage. By clicking through accepting the terms and conditions and clicking pay now, a window will appear from BitPay allowing the customer to scan a QR code to complete the payment or they can copy the address and send the correct amount of Bitcoin to that address from any Bitcoin wallet.
Customers can also voice broke for larger transactions by calling Sharps Pixley on +44 (0)207 871 0532, and we will confirm the transaction with you and send you an email invoice from BitPay.
Receiving funds can take 1 - 2 days and we will notify the customer once received and dispatch their order if they have chosen delivery. For transactions above £5,000, our usual Anti-Money Laundering and Know Your Client procedures apply; we require a valid photo ID and proof of address, dated within the last 3 months.
What is Bitcoin ?
Bitcoin is a new digital currency that was created in 2009 and is held electronically. Bitcoin works on a public ledger called blockchain, which holds a decentralised record of all transactions that is updated and held by all users of the network
A brief history of Bitcoin ?
Bitcoin has been around since 2009, about one year after a paper was posted on the internet titled: Bitcoin: A Peer-to-Peer Electronic Cash System (PDF). The paper was published by someone called Satoshi Nakamoto, but the true identity of this inventor is still unknown.
How does Bitcoin work ?
New Bitcoins are generated though a process called mining but you can also purchase bitcoins on a Bitcoin exchange. The whole Bitcoin network is used to monitor and verify both the creation of new Bitcoins through mining, and the transfer of Bitcoins between users. A log is collectively maintained of all transactions with every new transaction broad ask across the Bitcoin network.
Buying Gold and Silver with Bitcoin
Here at Sharps Pixley, we are proud to now accept Bitcoin as a payment method for physical gold bullion and all other precious metals. Payment by Bitcoin is very convenient and transactions can be made at any time via our online shop. You are also welcome to visit us at 54 St James’s Street where you can also make payment or call us to voice broke over the phone and we will send you an electronic invoice which you can pay using Bitcoin.
The main disadvantage to Bitcoin is it's high volatility and we are providing customers with the ability to profit take from one highly speculative investment and reduce their overall portfolio volatility by investing in physical gold using Bitcoin. Whilst Bitcoin undoubtedly presents huge potential for profits, it also comes with the risk of catastrophic loss.
Bitcoin is a relatively currency, a medium of exchange used by millions of people worldwide however physical gold, silver and other metals have been considered reliable store of value and a tool for wealth preservation for thousands of years. Bitcoin may be the world's newest currency, but physical Gold is undoubtedly it's oldest and most reliable. Nothing in life is certain, but gold and silver will more likely than not retain their value or grow over time whereas paper currencies tend to decline and lose their purchasing power.