Buying gold in cryptocurrency over stabel coins
Also referred to as over-the-counter transaction and absolutely anonymous!
Especially when buying fixed assets such as precious metals, a stable basis of trust is of crucial importance. With our gold bars, we offer you the best possible safety as well as first-class service. Furthermore, you also have the possibility of a discrete and anonymous crypto payment considering all legal requirements. This crypto payment of gold is also known in the jargon as over-the-counter transaction.
- In the so-called Money Laundering Act, the legislator has determined the framework in which anonymous over-the-counter transactions may be carried out. Therefore, it is generally allowed to buy gold up to an amount of 1.999,00 euros. Here, anonymous means that no identification of the buyer is required by the legislator.
- This possibility of anonymous purchasing does not exist if you buy precious metals from a bank or via the internet.
- For investment amounts from 2.000,00 euros per person and per day, it is no longer possible in Germany to carry out over-the-counter transactions anonymously, so that in such cases, the buyer must always be identified according to the criteria of the Money Laundering Act.
Cryptocurrency Bitcoin and other digital currencies as foreign exchange for the acquisition of gold
Gold still offers safety in times of crisis. People who want to maintain the purchasing power of their assets therefore often decide on this precious metal when investing.
Gold is normally bought in exchange for paper money. But currently, we are pleased to offer the new opportunity to also pay for gold with stabel coins. Just exchange for example Bitcoin, Ethereum, and Dash in stabel coins.
Gold – buying anonymously with digital currencies
The cryptocurrency Bitcoin exists since 2009. Ten years later, Bitcoin is considered a renowned currency for online payments, despite the initial great skepticism raised by the financial system circles against this digital currency.
Currently, the exchange rate of the Bitcoin is above USD 5.000. An increasing number of online traders currently offer customers the possibility to pay for their online purchases using this cryptocurrency.
What are the other advantages of buying gold with Bitcoins and Altcoins (such as Ethereum, Litecoin, and Dash) over stabel coins?
The most obvious und most significant advantage of Bitcoins and other digital currencies is the protection of privacy. So, virtual purchases can be made with this anonymous payment method without having to provide personal details, such as account information or names.
However, beyond that, cryptocurrencies also offer many additional advantages:
- Independence of most cryptosystems: online currencies can neither be influenced by state regulatory authorities nor by banks. Nevertheless, the payment method using digital currencies is absolutely legal.
- The simplicity of the system: although it sounds complicated at first, reality is simple. Only a few steps are needed to gain access to cryptocoins and thus to this payment method, and it is completely independent of location, worldwide.
- The fees for transactions are low: The transaction fees are low or partly even free of charge, such as in the private sector, since no bank is pushed in when transferring Bitcoins in stabel coins. We recommend you Bitpanda for the exchange.
