Paying for silver bullion coins and silver bullion bars with bitcoin is now a common option in the physical silver bullion industry.
Here we cover how and why this 'buy physical silver with bitcoin' phenomenon is growing here in the USA and elsewhere.
Buying Silver with Bitcoin (BTC) in the USA
A proven bitcoin payment processor called BitPay has given investors the ability to buy silver bullion with bitcoin (BTC) rather easily.
Simply select the silver bullion products you would like to purchase from SD Bullion by placing them in your cart.
Next during checkout you will be presented with various payment method options. Here you can choose to buy silver with BTC (bitcoin).
Instructions and an emailed invoice will follow to pay as you order silver bullion with bitcoin.
Upon BTC for silver payment clearance, SD Bullion will handle the processing, packaging, and safe fully insured shipment of your silver bullion securely packaged in a nondescript parcel (tracking information will be emailed to you upon shipment).
Silver for Bitcoin Payment Invoices & Bitcoin Wallet Compatibility
The price of bitcoin is always moving and fluctuating (see bitcoin’s current value here).
To prevent bitcoin price swings from hurting bitcoin accepting merchants or users, BitPay requires transactions currently to be sent within 15 minutes of invoice issuance. The majority of bitcoin exchanges cannot send payments that quickly. Late silver for bitcoin payments will be cancelled and need to be refunded. This will cost everyone time and potentially capital. Thus BitPay now requires all silver for bitcoin payments to be made with a payment protocol compatible software or hardware wallet.
The image above shows various bitcoin wallets logos which are currently accepted by BitPay.
This updated information can be verified right here on BitPay’s website.
As of writing this, you can use the following bitcoin wallets to buy silver coins and silver bars with bitcoin via SD Bullion and BitPay respectively:
You can currently use any of the popular bitcoin payment protocol-compatible wallets above to pay a BitPay bitcoin (BTC) invoice in order to buy silver bullion with BTC at SD Bullion.
If you don't have one of these bitcoin wallets yet, simply create a one from the list above (be sure to use the current release version). Then send some bitcoin to it, likely at least the amount you intend to use in your silver for bitcoin purchase at SD Bullion.
Here is a short education video on the subject of paying BitPay invoices with various bitcoin wallets.
3 Steps to buy Silver with BTC at SD Bullion
Step 1 ➤ Add silver bullion products to your SD Bullion cart
Step 2 ➤ Proceed to checkout and select Bitcoin as your form of payment
Step 3 ➤ Order and immediately pay your silver bullion for bitcoin payment invoice
Upon committing to a silver bullion for bitcoin order at SD Bullion, you’ll receive an invoice via email with our Bitcoin address. Simply pay this invoice in full within 15 minutes using one of the approved bitcoin wallets above.
Note that your silver for BTC order can be in a pending status for as long as one business day. The reason why is the silver for bitcoin payments pass through several Bitcoin “blocks” for approval. During high congestion times it can take as long as 24 hours for your payment confirmation email to arrive. Although it’s not instantaneous, bitcoin is still one of the quickest forms of payment for silver bullion that we process and accept.
Silver for bitcoin payments are also one of the cheapest options we offer: SD Bullion currently offers Bitcoin customers a 3% discount off of our credit / debit card price on all orders. Do take note however that the bitcoin network charges a transaction fee.
Yet also remember that physical precious metals like silver bullion have and will be around far longer than any other non-precious currency project mankind has or will continue to undertake.
Physical Silver Bullion will Outlast Bitcoin
Perhaps this is but one reason why so many BTC hodlers are selling bitcoin for silver bullion now.
If you would like to buy silver bullion with bitcoin our traders can help you personally during open market hours. They can assist you by calling us at 1-800-294-8732.
Thanks for visiting us here at SD Bullion.