What Is Bitcoin? Bitcoin is open-source, decentralized digital money that runs on a public ledger (the blockchain). No bank or government controls it. Instead, thousands of computers (nodes) agree on the rules and verify transactions. Because supply is capped at 21 million BTC, many view Bitcoin as “digital gold.”

At Veldt, Bitcoin is a natural fit: you can buy gold with Bitcoin (and other crypto) quickly and privately while staying compliant. We also accept LTC, ETH, DOGE, USDT, USDC, XMR, and XRP at checkout.

Why Bitcoin Matters For Precious Metals Buyers

• Hard-Cap Supply: Like scarce metals, Bitcoin’s fixed supply creates long-term scarcity.
• Self-Custody: You can hold BTC yourself—no bank account needed.
• Global Transferability: Send value 24/7, often faster than wires.
• Portfolio Hedge: Many use BTC and bullion together for diversification.

How Bitcoin Transactions Work

Public Keys, Private Keys, And Addresses

You control BTC with a private key stored in a wallet. Your public address is like an account number—share it to receive funds.

Broadcasting And Confirmation

When you pay, your wallet signs a transaction and broadcasts it to the network. Miners include it in a block. Confirmations (blocks added after yours) increase finality.

Fees

Fees depend on network congestion and your transaction’s size (in vBytes). Wallets usually auto-suggest a fee to confirm within a target time.

Fees, Confirmations, And Finality

• Typical Confirmations: 1–3 confirmations are common for retail purchases; higher amounts may require more.
• Network Conditions: During busy periods, expect higher fees or slower confirmations.
• Stablecoins vs BTC: For price stability at checkout, consider USDT/USDC; for sovereignty and broader utility, use Bitcoin.

Privacy, KYC, And Compliance At Dealers

Good dealers balance customer privacy with legal obligations. Expect basic information for order verification and AML compliance, while still benefiting from crypto’s direct-payment flow. Review our Shipping Information and KYC/AML guidance (link above) before placing a large order.

Security Basics Before You Pay

• Use A Trusted Wallet: Sparrow, Electrum, or reputable mobile wallets.
• Verify The Address: Copy-paste carefully; consider a test send for high-value orders.
• Label Transactions: Keep clean records for your own accounting.
• Mind UTXOs: For advanced users, label sources to preserve privacy.
• Cold Storage For Savings: Keep spending funds hot; savings cold.

Common Myths About Bitcoin

• “It’s Anonymous.” It’s pseudonymous—addresses are public. Good wallet hygiene matters.
• “It’s Only For Speculation.” It’s also a payment rail—perfect for moving value into bullion.
• “It Can Be Printed At Will.” Protocol rules cap supply at 21 million BTC.

How To Buy Gold With Bitcoin At Veldt

It’s straightforward: add items to cart, choose Pay With Crypto, select Bitcoin, and follow the on-screen wallet instructions. For step-by-step screenshots and fee transparency, see How To Pay With Bitcoin At Veldt (internal link above). We also accept LTC, ETH, DOGE, USDT, USDC, XMR, and XRP.

Key Takeaways

• What Is Bitcoin? Decentralized digital money with a fixed 21M supply.
• Why Pair With Bullion? Scarcity + direct settlement make BTC and gold natural complements.
• Paying With BTC: Confirmations provide finality; fees vary by congestion.
• Privacy & Compliance: Use sound wallet practices while meeting basic AML requirements.
• At Veldt: You can buy gold with Bitcoin or other popular cryptocurrencies, simply and securely.