Posted by Kim Sabularse on 29 Mar 2024

Buying and Selling Precious Metals with Cryptocurrency at Silver Bullion

Silver Bullion offers the convenience of using cryptocurrency for buying and selling precious metals for verified S.T.A.R. Storage account holders.

Supported Cryptocurrencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • More cryptocurrencies coming soon!

 

How to Buy Bullion with Bitcoin (or other supported Crypto)

To purchase precious metals using Bitcoin, Ethereum, or CGT, follow these simple steps:

  1. Verify your S.T.A.R. Storage Account: Ensure that your account is Verified for S.T.A.R. Storage to access the cryptocurrency payment option.
  2. Select Cryptocurrency: Click on the flag icon at the top of our website to change the currency. Choose your preferred cryptocurrency from the dropdown menu.
  3. Add to Cart and Checkout: Add your desired products to the shopping cart and proceed to checkout when ready. The selected cryptocurrency will be the default payment currency in the checkout process.
  4. Submit Order: Complete the checkout process and submit your order.
  5. Send Cryptocurrency: After order submission, you will receive a deposit address via email. Within 15 minutes, send the required cryptocurrency to the provided address.
  6. Receive Confirmation: Once we receive the cryptocurrency, you will receive an email confirming the transaction, along with a cash balance update.

Please note that buying precious metals with cryptocurrency incurs an administration fee, as per our Schedule of Charges.

 

How to Sell Bullion for Bitcoin (or other supported Crypto)

Selling bullion for Bitcoin, Ethereum, or CGT is also a straightforward process:

  1. Login and Verify: Login to your Verified for S.T.A.R. Storage account.
  2. Linked Cryptocurrency Address: Cryptocurrency payments for bullion sellbacks can only be sent to a cryptocurrency address that have been enrolled and verified by us. Ensure that you have enrolled your cryptocurrency address or contact our Customer Service team for assistance.
  3. Select Cryptocurrency: Click on the flag icon at the top of our website to change the currency. Choose your preferred cryptocurrency from the dropdown menu.
  4. Submit Sell Order: Visit the SELLBACK PAGE and select the specific parcels you wish to sell. The selected cryptocurrency will be the default payment currency in the sellback process.
  5. Receive Confirmation: You will receive a notification confirming the transaction. You can expect to receive the cryptocurrency payment within 1 business day.

Please note that selling precious metals with cryptocurrency incurs an administration fee, as per our Schedule of Charges.

 

Large Transactions with Cryptocurrencies (Above $1,000,000)

For transactions exceeding $1,000,000, please contact our Customer Service team for quotation and to ensure a smooth and secure transaction.

Our dedicated Customer Service team can:

  • Discuss your specific requirements and recommend suitable precious metals products.
  • Provide competitive quotations based on current market conditions and order volume.
  • Assist with secure storage options for bullion purchases.

Contact us today to discuss your large transaction needs: