With Bitpanda Metals we want to give you the ability to trade and swap gold and silver just as easily as with cryptocurrencies.
- How can I buy gold and silver?
- How does Bitpanda Metals work?
- Swap gold and silver with any other digital asset
- Set up savings plans for gold and silver
- Where is the vault and how does the storage work?
- Are there fees?
- Frequently asked questions
How can I buy gold and silver?
To buy gold and silver, please follow the steps on how to buy cryptocurrencies and digital assets.
Tip: In order to buy, sell and swap our digitised gold and silver you will need a verified Bitpanda account.
How does Bitpanda Metals work?
You can enjoy the same convenience Bitpanda offers for cryptocurrencies, now with Bitpanda Metals.
Bitpanda physically backs the metal tokens, which means that each token of gold and silver that you buy represents a certain amount of physical gold or silver that is stored and insured in a vault in Switzerland by our partners pro aurum and philoro.
When trading gold and silver on Bitpanda, you don’t move it from its physical location therefore, it remains inside the vault. You will be trading gold and silver tokens which are backed by physical gold and silver, insured and stored in the secure vault in Switzerland.
Swap gold and silver with any other digital asset
Gold and silver will be integrated as tokens on Bitpanda. You can imagine them like any other digital asset we offer at the moment. This means that you can swap it to any digital asset, including other digitised precious metals.
Set up savings plans for gold and silver
You can buy gold and silver on a recurring and ongoing basis with Bitpanda Savings. You can set up as many savings plans as you want. You can cancel your savings plan at any time or temporarily pause and later resume it.
Where is the vault and how does the storage work?
We are storing all metals in a duty-free storage vault in Switzerland.
Do I have to pay fees for gold?
Yes. You pay a premium when buying/selling precious metals, and there are storage fees. For buying and selling gold, the premium is 0.5 percent of the amount you buy or sell. Insurance and storage fees are waived for all users when buying the first 20g of gold. For all holdings above this amount you pay our standard fee of 0.0125 percent per week of the total gold amount you hold, which is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault. It will be calculated daily and reduced from your respective Metals wallet on a weekly basis (if the wallet balance is 0, no premiums are deducted).
Do I have to pay fees for silver?
Yes. Like for gold, you pay a premium when buying and selling precious metals, as well as storage fees. For silver, you pay a premium of 2.5% for buying and 2% for selling. Insurance and storage fees are waived for all users when buying the first 200g of silver. For all holdings above this amount you pay 0.025% per week of the total silver amount you hold. It will be calculated daily and reduced from your respective Metals wallet on a weekly basis (if the wallet balance is 0, no premiums are deducted). While the premium for silver is a little bit higher than for gold, it is still a lot cheaper than the premium you usually have to pay for a service like this.
Tip: Storage and insurance for precious metals on Bitpanda is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault.
Frequently asked questions
Visit our Metals FAQ to find answers to all your questions.
For additional information regarding Bitpanda Metals, please read our Terms & Conditions.