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Home»BITCOIN NEWS»How to Buy Gems and Diamonds with Bitcoin (2023)
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How to Buy Gems and Diamonds with Bitcoin (2023)

By Crypto FlexsFebruary 10, 20248 Mins Read
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How to Buy Gems and Diamonds with Bitcoin (2023)
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Nothing highlights a special day like a gift of jewelry. But you don’t have to wait until a birthday or holiday to surprise your loved one with a shiny object they’ll cherish for years to come. Even if your favorite jeweler doesn’t accept cryptocurrency payments directly, you can find plenty of options to buy your next watch, engagement ring, or necklace with Bitcoin or several other cryptocurrencies. BitPay offers a variety of ways to pay for gems with cryptocurrency. This can be done directly from the merchant’s wallet, via cryptocurrency-backed gift cards, BitPay cards, or BitPay’s Bill Pay solution.

Jewelry is a popular and expensive gift category, so it makes sense for a variety of merchants to cater to this set of cryptocurrency consumers by accepting cryptocurrency payments. Maybe you’re looking for something special for a friend or loved one, or maybe you’ve been looking for a fancy new watch for yourself. Whatever your reason or who you’re for, you can find exactly what you’re looking for and pay with cryptocurrency through BitPay partner merchants.

How to Buy Gems with Cryptocurrency

Today, there are many options to purchase jewelry with Bitcoin and other top cryptocurrencies. Merchants have noticed that cryptocurrency users enjoy the option to purchase high-value items like jewelry and watches with something they own, and many retailers have offered convenience to encourage business.

Here are four main ways to use cryptocurrency for jewelry:

  • Pay for jewelry directly from your wallet
  • Use BitPay Card
  • BitPay Bill Pay
  • Buy Jeweler Gift Cards with Cryptocurrency

Pay for gems directly from your cryptocurrency wallet

BitPay makes it safe and easy to make your next jewelry purchase directly in store. cryptocurrency wallet. Once you’ve chosen your preferred jewelry seller, the whole process goes smoothly in just a few steps.

Step 1: Select BitPay as your payment method when checking out at the jeweler of your choice.

BitPay is the safest and most secure way to pay online.

Step 2: Select Start Payment.

Some retailers may ask you to verify your BitPay ID before completing a transaction. If you haven’t signed up yet, sign up to get started. Your BitPay ID is a convenient way to manage your payment information with BitPay and simplify login for multiple BitPay products. All you need is an email address and password, but an additional one-time verification requirement applies when you make a purchase of $3,000 or more, request a refund of $1,000 or more, or receive a BitPay payment.

Step 3: Choose a wallet.

BitPay supports over 100 of the most popular cryptocurrency wallets.

Step 4: Choose a cryptocurrency.

BitPay allows users to use over a dozen of the most popular cryptocurrencies and stablecoins for jewelry, with new options added and evaluated regularly.

Step 5: Complete the transaction by scanning the QR code with your wallet app or manually entering the seller’s receiving wallet information into your wallet.

Once you confirm the payment in your wallet, you will immediately see the payment reflected on your invoice. Don’t forget to send your payment in the 15-minute payment window.

Jewelry store accepting direct cryptocurrency payments

When you are looking for a jeweler who can Pay with cryptocurrency, you’ll find a variety of options, from discount retailers to high-end brands. With so many choices, you will have no problem finding a jeweler that offers pieces that suit your budget and tastes. seller directory If you search Jeweler accepting bitcoin.

Hublot

Swiss luxury watch supplier with bold style and classic designs.

ace jewelers

Ace Jewelers Group consists of physical jewelery boutiques and international e-boutiques owned and operated by the Ben Joseph family.

dressage shop

It is a popular online retailer that sells luxury watches from famous brands such as Rolex and Patek Philippe.

True Facet

We offer luxury watches and jewelry from various brands such as Tiffany & Co. and Cartier.

Baunat

A digitally native brand with an exclusive lineup of handcrafted engagement rings and other diamond jewelry.

stephen silver

One of the leading jewelry houses, Stephen Silver Fine Jewelry creates unique designs and curates timepieces from leading independent brands including MB&F, Bovet, Richard Mille and more.

Maison Berks

Discover Maison Birks’ collection of luxury, watches and accessories. Maison Birks offers a selection that is as unique and meaningful as every moment in life.

Pay for jewelry with cryptocurrency

Jewelry is expensive, so additional costs may be added as a percentage of the purchase price. If you want to avoid paying interest on your purchases, it’s always a smart financial move to pay in full before your credit card balance accrues.

If you use a credit card to purchase jewelry, you can use BitPay Bill Pay to pay with cryptocurrency. You can earn all the cashback, travel, and dining rewards with your credit card, but you won’t be charged currency conversion fees or foreign transaction fees. Simply connect your credit card issuer through the BitPay app to pay for your jewelry safely and affordably.



The best cryptocurrency app for spenders


Download the BitPay app


Buy jewelry with a cryptocurrency gift card

Gift cards are a handy gift option when you’re not 100% sure what to give someone. But even if you know exactly what you want, you can buy gift cards with cryptocurrency and then use them to buy jewelry. Using cryptocurrency is a quick and easy solution for jewelry sellers who don’t accept direct cryptocurrency payments. Explore all gift cards that can be purchased with cryptocurrency through BitPay.

Buy gems using your BitPay card

The BitPay card makes it easy to purchase gems with cryptocurrency, and getting your hands on them couldn’t be easier.

BitPay’s prepaid Mastercard allows cryptocurrency users to spend their holdings as easily as cash anywhere in the world where Mastercard is accepted. Convert your cryptocurrencies to dollars instantly with no fees, giving you the freedom to spend your cryptocurrencies however and wherever you want.

To get your own BitPay card, the first step is to download the BitPay app from your preferred app store. Approval takes just a few minutes and doesn’t affect your credit score. Once approved, major currencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu Coin (SHIB), Litecoin (LTC), and XRP (XRP) Can be used. , ApeCoin (APE), Dai (DAI), Binance USD (BUSD), USD Coin (USDC), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD), Euro Coin (EUROC). Load funds to your card from your BitPay Wallet or Coinbase account.

Users will instantly receive a virtual BitPay card that can be used at millions of merchants around the world and can easily request a free physical card to be delivered to their doorstep. The BitPay card is one of the easiest and safest ways to convert your cryptocurrency into cash. It’s also packed with security and convenience features, including instant recharge, EMV chip and PIN security, Google Pay and Apple Pay compatibility, and cash withdrawals at compatible ATMs worldwide.

Benefits of purchasing gems with cryptocurrency

Buying jewelry with cryptocurrency incurs lower fees than using a credit card. If you carry a balance, interest will accrue each month, which can end up costing you more than the gift in the long run.

Cryptocurrency payments are as secure as other payment methods, including credit cards. For a little more peace of mind, do your homework on the seller you are purchasing from to make sure they are a legitimate business. If you want to be extra sure, we recommend buying only from jewelers that use BitPay as their payment processor.

The high flexibility of cryptocurrency payments gives you the freedom to use virtually any cryptocurrency wallet and pay with your preferred cryptocurrency. Using cryptocurrency makes it cheaper and easier to make payments across borders compared to bank transfers or credit card payments. If you purchase from an international retailer, expect to pay 1-3% in foreign transaction fees. Wire transfer fees may add an additional $15-$50. Instead of eating these fees, kick them to the curb by paying them in cryptocurrency.

Frequently Asked Questions about Buying Gems with Cryptocurrency

If you still have questions about buying gems with Bitcoin, this section will help point you in the right direction.

What wallets can I use to buy gems with cryptocurrency?

BitPay supports almost all wallets – over 100! Customers who pay with cryptocurrency can import their preferred wallet into the BitPay app, giving them a secure and smart way to manage all their assets in one place. Alternatively, customers can pay directly from their preferred wallet. This includes web-based wallets, mobile wallets, and desktop wallets.

What cryptocurrencies can I use?

Not all jewelers accept the same cryptocurrencies. However, all companies that use BitPay as a payment processor are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), and XRP. You can accept cryptocurrency payments via (XRP). ), Dai (DAI), Wrapped bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), Binance USD (BUSD), ApeCoin (APE) and Euro Coin (EUROC).

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