Buy with Crypto
Scottish Bullion began accepting cryptocurrency as payment for precious metals in July 2021 in response to demand from our existing customer base. Scottish Bullion has partnered with leading cryptocurrency payment platform Coinify to facilitate this service. All major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) will be accepted – please see below for a full list of cryptocurrencies that are accepted.
How does it work
Please contact a member of our trading team for a live price for any of the precious metals that we offer – gold, silver, platinum and palladium. A member of our trading team will send you a live quotation for your proposed order in a Euro (€). You will receive an invoice through Coinify, which will allow you to convert the required amount of cryptocurrency to cover the cost of the transaction and convert the cryptocurrency to Euro. This will show you the relevant cryptocurrency exchange rate and allow you to scan a QR code in order to send and complete the payment. After that, the payment will be processed and completed in just a few minutes.
This allows the transaction to be completed with a member of our team either in person or over the phone. Please note that (as with all transactions) live prices cannot be locked in until funds have been received by Scottish Bullion.
Please note that the cryptocurrency transaction / conversion is handled by our payment partners Coinify, and not Scottish Bullion. Any fees or transaction charges are handled by Coinify and not Scottish Bullion. Please contact a member of our trading team for further information.
1. Which Cryptocurrencies can be accepted for payment?
We accept Bitcoin and any of the following alt-coins or stable coins as a method of payment: Bitcoin Cash (BCH), Binance Coin (BNB), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), OmiseGo (OMG), Paxos (PAX), QTUM, Tron (TRX), TrueUSD (TUSD), USDcoin (USDC), Tether (USDT).
2. Who are Coinify?
Coinify is one of the world’s leading cryptocurrency payment platforms and is Scottish Bullion’s crypto payments provider. Coinify is a secure, compliant and innovative digital payment platform that enables us to give you the option to pay for your precious metal purchase with us in the cryptocurrency of your choice.
3. Are there any extra charges for paying with Cryptocurrencies and who handles the transaction?
Coinify charges a fee of 1.5% for each cryptocurrency transaction, this fee is included in your crypto equivalent amount to pay. The cryptocurrency payment is handled exclusively by Coinify. Scottish Bullion is not responsible for your crypto payment. It is your responsibility entirely, to ensure that your payment is transacted correctly. Coinify’s full T&C’s can be found here, https://www.coinify.com/legal/
4. Do I need to create an account on Coinify?
No – the entire transaction can be completed without creating an account for Coinify and can be completed with your existing cryptocurrency wallet.