Gold is an expensive metal, but you can make a lot of money with it if you trade it.
Nowhere is that more apparent than in bitcoin trading.
If you want to make money trading bitcoin, the easiest way to do it is by buying the cryptocurrency.
Here are 5 simple ways to buy gold in bitcoin.
1.
Buy gold with cash from a bitcoin exchange.
The easiest way is to trade the cryptocurrency with cash.
This method is more convenient because you can transfer your bitcoins to the fiat currency without having to worry about any transaction fees.
You can also buy gold at a gold market in your city, such as a goldsmith shop, or by using a gold broker.
2.
Sell gold with bitcoin.
Bitcoin can be traded like stocks and bonds, but buying gold can be more complicated.
That’s because gold is a highly volatile commodity, meaning there’s little regulation on how it should be traded.
This means that it’s difficult to estimate how much gold is worth.
The only way to know for sure is to buy it.
This option is the most expensive, so you may want to invest in a broker to do the math.
You should also consider buying gold at the bullion exchange.
3.
Buy with cash and pay with bitcoin at a physical gold dealer.
The first option is cheaper, but there are more risks associated with this option.
While it is still technically legal to sell gold with the proceeds of your bitcoin purchase, the risks are less than buying it outright with cash, and you could lose everything.
Instead, you can buy gold with a physical bullion dealer.
4.
Sell with bitcoin and pay cash with bitcoin, or buy with cash at an open market.
If this option is too risky, you could also try buying gold in gold bars, which are generally more valuable than gold.
But there are plenty of online exchanges where you can trade gold in the cryptocurrency for bitcoin, and it’s easy to find a physical dealer that stocks these types of items.
5.
Buy a piece of gold, then sell it.
It’s possible to make big gains by buying gold with gold.
You could buy gold outright, which is the safest option.
This is because it’s possible for you to own a piece and sell it at a later date for cash.
However, this is risky because you could be held liable for lost coins and other losses, so it’s important to buy in the long term.
You might want to wait for the gold market to open up, before investing your entire gold portfolio in it.
For more bitcoin and gold news, check out the CBS News Bitcoin page.