Bitcoin first came into circulation in 2009 – almost 8 years ago. During that short period, the Bitcoin has grown into an extremely strong currency. Currently, it is trading at values higher than gold in the market.
Those who have experience of the market would know that it’s a great time to accumulate digital currency and gold bullion on daily basis.
However, people who lack the experience of the market are going to find it extremely difficult. If you are new to the currency and looking for a way to garner gold bullion, here are some methods that you can use.
Start with Finding a Company That Sells Bullion:
finding a company that sells gold bullion is no big deal. Just do a simple Google search and several gold-bullion-selling companies will pop-up in search results. However, finding one that offers an incentive program to its clients can be a tough nut to crack.
While on the hunt, you should be searching for a company that offers much more than just selling gold. It should be renowned for selling quality products, selling billions in small grammage (1gm, 2.5gm, etc.).
Gold that is being sold must be 24 karat gold; which is the highest quality for gold products.
The advantage of an incentive program is that the company offers special commissions to the clients who refer people to the company.
Get A Bitcoin Wallet:
A Bitcoin wallet is equivalent to having a bank account for cash. The difference is that it is only used to store bitcoins and make bitcoin transactions with other users.
There are several Bitcoin wallets available to users. Copay, Xapo, Green Address are few to name.
While choosing a wallet, look for a company that offers an offline vault to protect those coins. This is because storing Bitcoin is never safe and the wallet is always vulnerable to hackers trying to steal your digital currency. On the other hand, offline storage keeps your coins fully protected.
There are two ways of bitcoin mining – online mining and offline mining. Online mining is pretty simple as all you have to do is to join a bitcoin mining farm. However, there’s a danger that comes with theses farms: scammers.
The scammers falsely claim to have a mining form and invite users to join it. The sole purpose of scammers is to steal your coins. So be cautious while choosing an online form.
In offline mining, the user is required to buy a bitcoin miner which is a computer hardware. The computer is set up at home and the user is required to connect to the internet to start mining.
The coins mined through this technique are then automatically sent to his online bitcoin wallet.
Want to start mining? Learn how to set up a Bitcoin miner.
Lastly - Purchase the Gold Bullion:
Now that you have a permanent source to generate bitcoins, you are ready to buy gold bullion. However, there is a specific way that needs to be followed to make the purchase.
The buyer needs to link his Bitcoin wallet to visa card which is offered by his bitcoin wallet company. The card is then used to purchase the bullion.
Good luck with your purchase.