YES, the company accepts Bitcoin payments.
JM BULLION
JM Bullion is a company based in Dallas in the United States that deals in bullion. The company is an online retailer that trades in precious metals such as gold, silver, copper, platinum, palladium products, etc. the company was founded in 2011 and provides products and services in an array of gold, silver, copper, platinum, in bars, notes, coins and an assortment of collectible products.
The company is reputed as a trusted dealer and pride in its quality products. You can shop for products on their online e-commerce platform https://www.jmbullion.com
Paying with Bitcoin:
The short answer is YES! JM Bullion, as stated on their website https://www.jmbullion.com/faq/other-crypto does accept Bitcoin as a mode of payment. Mind you JM Bullion also accepts fiat currency through Visa, MasterCard, American Express, Palpay, Discover, bank transfers, and paper checks. Shopping on their e-commerce has never been easier with their arrays of products and arrays of payment modes.
Buying with Bitcoin on JM Bullion:
JM Bullion sells precious metals in gold, silver, copper, Platinum, etc. You can pay in Bitcoin for any product you buy such as gold coins, gold bars, gold notes, gold jewelry, and gold rounds. Silver bars, silver rounds, silver coins, silver dollars, silver Libertad, silver statue, etc. Platinum coins, platinum bars, copper rounds, copper bars, copper bullets, wheat pennies, palladium coins, palladium bars, etc.
Way to pay with Bitcoin
JM Bullion uses BitPay to process all Bitcoin payments, which is compatible with both payment protocol and peer-to-peer. You have to use a wallet that supports payment protocol. Copy the payment URL and paste it into the wallet or scan the QR code. You can also make use of a peer-to-peer wallet, simply copy the receiver’s address into the wallet.
The suggested payment protocol-compatible wallets to pay JM Bullion in Bitcoin include:
BitPay WalletBTC. com WalletEdge WalletCopay WalletBlockchain WalletHODL WalletMycelium Wallet
Verification is required if you order products worth over $3,000 before you can make payment in Bitcoin. BitPay will require certain information from you such as an image of an identity document, facial picture, or video.
Bitcoin
Bitcoin is a digital currency invented by Satoshi Nakamoto sometime in 2019. It is a decentralized cryptocurrency to remove centralized control of many government entities and make transactions processing fast and cost-efficient.
Bitcoin being processed:
Two ways you can get a Bitcoin are by ‘mining’ or buying. mining Bitcoin consumed a huge amount of electrical and computing power hence is very difficult, and few have the resources to min. however, improvement in computer algorithms has increased the chance of successful mining. The second alternative to getting a Bitcoin is by buying from a blockchain. You buy with fiat currency in the reading value of the cryptocurrency. Bitcoin is relatively high in value; one coin could be worth tens of thousands of US Dollars (a fiat currency).
Reason for paying with Bitcoin:
Advantage of Bitcoin includes:
Privacy: Bitcoin offers a level of privacy since you don’t need any legal documentation to own one and make payment. It is much easier for you to remain anonymous while paying with cryptocurrency.
Low fee: There is almost zero cost involved in keeping and spending Bitcoin. Since the crypto coin eliminates intermediates you are not charged for the transaction.
No legal limit: there are no legal limits to how much Bitcoin you can own or transfer. Hence you don’t have to worry about breaking any government law or the law of any financial institution.
Bitcoin has its downside you should know. This disadvantage includes:
Volatility: Bitcoin is highly volatile just like other cryptocurrencies. Its value could go up and down within just a few minutes before you realize it. Anyway, as of now, there is no fiat currency in the world system that is greater than Bitcoin in monetary value. A single Bitcoin is worth tens of thousands of US Dollars at the current exchange rate.
Decentralized system: One of its benefits, unfortunately, leads to one of its downsides. Since Bitcoin is not centralized it lacks a single control center, hence any transaction mistake can cost you dearly, depending on the type of mistake. You may never recover is again—the Bitcoin is gone.
Technical difficulty: You need to be versatile in crypto coin usage to be able to use Bitcoin. The technicality involved is far high than transacting in fiat currency.
JM Bullion does accept Bitcoin as part of its acceptable payment mediums. It is a retail company that sells products of gold, silver, copper, bronze, platinum, palladium, etc. It is reputed to be a trusted dealer and has its headquarters in Dallas, United States.
- Is it possible to pay JM Bullion in Bitcoin?
Ans: Yes it is. The company also accepts other cryptocurrencies including Bitcoin.
- How does JM Bullion gets its products?
Ans: They buy from reputable sources such as legally approved mint houses in the US, Canada, and others. The company can also buy from individual collectors as long as the products are genuine and legally acquired.
