Buy and sell gold with bitcoin
BitBullion sells and purchases physical 999.9 gold bullion against bitcoin or crypto. We are the only venue in Switzerland combining the gold bullion trade with a bitcoin on-ramp/off-ramp, without the need to convert into fiat. Our transaction process is compliant with Swiss anti-money laundering regulation GwG on AML/KYC.
For the two hardest monetary assets available, Swiss gold bullion dealers and crypto exchanges require fiat to transact. As an investor holding gold bullion or bitcoin, or both, you may find it beneficial to transact directly into the other asset outside the traditional banking system. BitBullion was created by three entrepreneurs to solve this particular problem.
Our gold bullion prices are denominated in bitcoin and include a 3.0% premium. Our core values are product innovation, regulatory compliance, and quality of service. BitBullion is a trademark operated by Gold Point Samuel Grigo, which is registered in Baar, Switzerland. We are gold bullion merchants; we operate as principal on our own account and our activity is unregulated.
How we work
Request offer
Contractually, Gold Point Samuel Grigo acts as seller or buyer of gold bullion against bitcoin. To initiate a gold bullion purchase or sale against bitcoin, you first submit our contact form to request a non-binding offer. We ask you to provide required personal details as well as information about your planned purchase or sale. While we only sell Swiss 999.9 gold bars and coins, we are able to buy any kind of 999.9 gold bars and coins denominated in g / oz. Besides bitcoin, we are also able to transact in ethereum and tether.
AML/KYC procedure
After reviewing our offer, we ask you to proceed with our AML/KYC procedure. For transactions above 100 g / 3 oz, we require a valid passport or Swiss residence card (B/C permit) as well as proof of legal address. For transactions above 1 kg / 32 oz, we require a document detailing source of funds / proof of acquisition. We process your data on our online KYC platform in accordance with FADP. According to Article 7 of Swiss anti-money laundering regulation GwG, we are legally obliged to keep your AML/KYC documentation for a period of 10 years.
Sign offer
After completing our AML/KYC procedure, you sign our offer if you agree with our offer and terms and conditions. In particular, this means that you agree to transact in XAU/BTC based on a future gold price fixing – plus our 3.0% premium.
Advance payment
After signing our offer, as a buyer of gold bullion you first provide us your wallet address, which we screen using blockchain analysis, and you subsequently make advance payment in bitcoin in our wallet as a prerequisite for the pending purchase. As a seller of gold bullion you deliver your bars or coins at our shop Gold Point in Baar, Switzerland, where your gold bullion is metallurgically tested as a prerequisite for the pending sale.
Gold price fixing
After receiving your advance payment in bitcoin or taking delivery of your gold bullion, we proceed to fix the gold price. Our benchmark for the Zurich gold spot market is the public price reported by Degussa, whereas our benchmark for the bitcoin spot market is the public price reported by Kraken. We derive the equivalent XAU/BTC price, on which basis we calculate our 3.0% premium. What results is the final gold price in bitcoin.
Gold delivery
After the gold price fixing, as a buyer of gold bullion you take delivery of the respective bars or coins at our shop Gold Point in Baar, Switzerland, or alternatively, via insured delivery to your legal address in Switzerland. We do not export gold bullion. Any payment shortfall versus your advance bitcoin payment shall be paid up before delivery. As a seller of gold bullion, you receive payment of the respective bitcoin in your wallet.
Contact us
Request non-binding offer
Complete the contact form describing your desired purchase or sale of gold bullion so that we can prepare a non-binding offer for you. We have a minimum purchase or sale amount of 1 kg / 32 oz. For monthly or quarterly purchases, we have a minimum amount of 100 g / 3 oz.