Online bullion marketplace Onegold announced on Tuesday that its customers can now purchase precious metals with Bitcoin Cash (BCH) and Bitcoin Core (BTC). Onegold's digital silver and gold products are fully allocated physical metals stored at the Royal Canadian Mint and can be redeemed at any time through Apmex. The platform is a blockchain-based system that stores precious metals and allows customers to redeem their digital bullion holdings.
Onegold Embraces Crypto Payments
Onegold is a joint venture between precious metals e-retailer Apmex and alternative asset manager Sprott. Its decision to support BCH and BTC stems from a partnership with Bitpay, which already has a prior relationship with Apmex. Sonny Singh, Chief Commercial Officer at Bitpay, explained: 'Bitpay and Apmex have worked together for years, making it easy for Apmex to accept cryptocurrency. When they started Onegold, we were ready to help them accept Bitcoin and Bitcoin Cash through Bitpay.' Singh added: 'Cryptocurrency is an ideal payment method for e-commerce and precious metals, where the risk of chargebacks, fraud and identity theft with traditional credit cards is high.'
International Buyers Favor Alternative Payments
Ken Lewis, CEO of Onegold, highlighted that credit card chargebacks were a major reason the company chose to accept BCH and BTC. Because digital assets act like cash with a 'push transaction' system, users must pay for products upfront, making traditional fraud very difficult. Lewis also noted that blockchain payments provide greater accountability, and international buyers prefer using cryptocurrencies to purchase Onegold's collateralized assets.
'We anticipate a large number of cryptocurrency buyers from international markets, where accepting credit cards is not always practical,' Lewis said. 'In addition to protecting our interests, adding Bitcoin and Bitcoin Cash to Onegold's payment options increases transparency and efficiency.'
Digital Bullion vs. Gold ETFs
Onegold believes its digital bullion is far superior to gold-backed paper like exchange-traded funds (ETFs), including the Comex and LBMA gold trusts. While both products can be electronically traded, Onegold's assets are cryptographically secured by a distributed ledger and 100% backed by physical metal.
Onegold users can redeem stored assets with one click and have physical metals shipped by Apmex. In contrast, many gold and silver ETFs cannot be redeemed quickly, and some cannot be exchanged for physical assets at all—forcing holders to settle in fiat. Onegold sees adding cryptocurrency purchases as a logical next step for the company.
By integrating Bitcoin and Bitcoin Cash, Onegold bridges the gap between traditional precious metals and the digital asset economy. This move could attract a new wave of crypto-native investors seeking tangible asset exposure while addressing common pain points in the bullion market, such as chargebacks and international accessibility.