Buy Gold and Silver with Bitcoin at BullionStar: A Full Guide

BullionStar is a Singapore bullion dealer that has taken bitcoin for gold and silver since May 2014, which makes it one of the longest-running places to turn sats into metal. This guide covers what the company is, what it sells, how a Bitcoin order works step by step, what storage and shipping cost, when it asks for ID, and where it falls short. It also compares it with a few other precious metals dealers in the Bitcoin Lando directory, so you can pick on the facts.

Some links on this page are affiliate links. If you sign up through them, Bitcoin Lando may earn a commission at no extra cost to you. It does not change what we recommend.

Everything about payments, fees and limits below was checked on BullionStar's own help pages and terms as of November 2026. Dealers change their terms, so check the current page before a large order. This is not financial or tax advice, and nothing here is a prediction about the price of bitcoin, gold or silver.

Who BullionStar is

BullionStar Pte Ltd was set up in Singapore in July 2012, after Singapore exempted investment-grade precious metals from its goods and services tax that year. The company's own timeline lists these milestones:

• May 2014: started accepting bitcoin to settle bullion orders.
• July 2014: opened its walk-in shop and vault building at 45 New Bridge Road in Singapore.
• August 2019: added storage in New Zealand.
• September 2022: passed $2 billion in sales and more than 330,000 orders.
• January 2023: launched in the United States with its own stock and storage. The US arm lists an address in Casper, Wyoming.
• August 2023: opened a vault facility at Le Freeport in Singapore.

The company runs three storefronts that share one account system: bullionstar.com (Singapore stock), bullionstar.us (US stock) and bullionstar.co.nz (New Zealand). You choose a "stock location" on the site, and that decides where your metal ships from or where it is stored. You can see the listing and the other dealers we track on the BullionStar listing page and in the precious metals directory. If you want to look around first, you can visit BullionStar and switch the price display to BTC without placing an order.

What you can buy

BullionStar sells gold, silver and platinum bars and coins from the major mints and refiners, plus some numismatic coins. A few product lines are worth knowing about:

• Standard bullion bars and coins. The usual sovereign coins and refinery bars in sizes from small fractional pieces up to kilo bars.
• "No Spread" products. Selected gold and silver items that BullionStar sells under its "No Spread" label. Read the product page for how their pricing works before you buy. Domestic Singapore shipping for orders made only of these bars costs a little more (S$29 instead of S$19).
• Bullion Savings Program (BSP). Lets you buy gold, silver or platinum by the gram and hold it in the vault at a lower storage rate, then convert to physical bars later.
• Sell to BullionStar. You can sell most bullion back through your account, including metal stored in its vaults, and choose to be paid in bitcoin.

Prices follow the spot price of each metal and update all day. Once you set the site currency to BTC, every product page shows its price in bitcoin, which saves you from doing the conversion yourself.

How paying with Bitcoin works at BullionStar

The process is plain on-chain bitcoin. As of November 2026 BullionStar's Bitcoin help page does not mention Lightning, so plan for a normal on-chain transaction.

1. Open an account. You give your name, email, phone and address, and choose a password. BullionStar also asks for a PIN of at least four digits at your first order. Its terms allow one account per person.
2. Switch the currency to BTC. Use the currency menu at the top right. Bitcoin then becomes the default payment method at checkout.
3. Place the order. The price is locked the moment you order, and the order is binding. You cannot cancel it because the price moved.
4. Pay within 20 minutes. You get a one-time payment address on the confirmation page and by email. BullionStar asks you to start the payment within 20 minutes and to use a priority fee so it arrives quickly.
5. Wait for six confirmations. Products are released after at least six confirmations, which BullionStar says takes about 20 minutes to a few hours. You get an email and SMS when the payment is confirmed.
6. Ship or store. In-stock items usually ship within one to two business days after payment clears, or you can keep them in the vault.

Send from a wallet you control, such as one of the hardware wallets we compared, rather than straight from an exchange. Exchange withdrawals can sit in a queue for longer than 20 minutes, and some exchanges batch withdrawals with a low fee. If you need a refresher on fees and confirmation times, our guide to Bitcoin transaction fees explains how to pick a fee that confirms fast.

Limits, as of November 2026

Item	BullionStar's published rule
Minimum Bitcoin purchase	None
Maximum per order paid in bitcoin	Equivalent of S$1,000,000; contact them for more
Minimum sale paid out in bitcoin	Equivalent of US$499
Payment window	Start the payment within 20 minutes of ordering
Confirmations before release	At least 6
Non-payment	S$200 (US$200 on the US site) fee plus any loss from adverse price moves

The non-payment rule matters. Because the price is locked when you order, BullionStar hedges the trade. If you place an order and then do not pay, you owe the fee and any market loss. Only click the final button when the bitcoin is ready to send.

Is there a Bitcoin discount or surcharge

Neither. BullionStar's payment page lists a higher product price only for card and NETS payments. Bitcoin is priced the same as a bank transfer or cash, so it is among the cheapest ways to pay there. You do pay the Bitcoin network fee yourself.

To put the card markup in dollars: on a $5,000 order, a 4% online card surcharge is $200. Paying in bitcoin avoids that. Some US dealers go further and give a discount for bitcoin compared with card prices, which we cover in the comparison below.

If you do not hold bitcoin yet, our guide on how to buy bitcoin covers exchanges and fees. Buying bitcoin only to spend it at once on metal usually costs more than paying the dealer by bank transfer, so this route makes the most sense when you already hold bitcoin and want to move part of it into metal.

Storage: Singapore, the United States and New Zealand

BullionStar's vault service is the main reason many people pick it over a dealer that only ships. You can store metal in any of its three jurisdictions and move between buying, selling and withdrawing from one account.

• Allocated ownership. BullionStar describes stored metal as fully allocated, owned directly by you, and never lent out or used as collateral.
• Insurance. Stored bullion is insured against all risks through Marsh, and your account shows an evidence-of-insurance certificate.
• Audits. The company lists five ways to check holdings, including a live audit report in your account, photos of your items and audits by Bureau Veritas, which it describes as an LBMA-approved auditor. You can also book an in-person audit for a fee.

Fees are worked out daily on the value of your holdings and billed once a year (on March 1) or when you sell or withdraw. There is a minimum of 0.19 per day per storage jurisdiction (in Singapore dollars for Singapore and New Zealand, US dollars for the US). For small holdings the minimum is what you actually pay: 0.19 a day comes to about 69 a year. At 0.39%, that minimum is reached at a gold holding of roughly 17,800, so storing less than that costs proportionally more. The US fee schedule also says the first year of US storage is free.

Other charges to know: withdrawing non-BSP bullion from a vault costs 129 per withdrawal (SGD in Singapore and New Zealand, USD in the US), an in-person audit costs S$500 in Singapore or US$249 in the US, and late payment of storage invoices draws a 99 fee per reminder plus 2% monthly interest.

Vault storage is a trade-off. It removes the risk of keeping metal at home, but you are trusting a company again, which is what many bitcoin holders try to avoid. Our self-custody guide explains that idea for bitcoin. With metal, home storage brings theft and insurance problems of its own, so neither choice is free of risk.

Delivery and shipping

Shipping terms depend on which stock location you buy from.

Stock location	Cost	Notes
United States	Free over $98; $7.99 below that	Ships only within the US, by Loomis, Brink's, FedEx or UPS
Singapore, local delivery	Free from S$10,000; S$19 below (S$29 for No Spread bar orders)	Walk-in shop at 45 New Bridge Road
Singapore, international	Shown at checkout, including insurance	Destinations listed at checkout

All shipments are insured for full replacement value and BullionStar carries the risk until you sign for the parcel. Packages are tamper-evident and the return address does not hint at the contents. A signature is required. If a parcel has not arrived 21 days after the dispatch email, you have to report it so the company can investigate.

Two cautions for international orders. First, BullionStar's shipping pages do not cover import duty or VAT, and many countries charge one or both on silver and sometimes on gold. That cost is yours, so check your customs rules before ordering from Singapore stock. Second, US buyers pay state sales tax on bullion in some states, and BullionStar keeps a separate US sales tax page for this.

ID checks and KYC

As of November 2026, BullionStar does not publish a fixed order size above which a Bitcoin buyer must show ID. What its terms do say:

• BullionStar can run customer due diligence on any transaction it considers necessary. The sale is then conditional on you completing it, and it can be cancelled if you do not answer within the deadline (28 days in the terms).
• Due diligence can include proof of identity. When your account holds funds, BullionStar may ask for your nationality, a copy of your ID and proof of address.
• Cash payments above S$20,000 get enhanced checks.
• Accounts can be suspended if you do not answer a KYC or periodic review request.
• Your data is not shared except when a Singapore court orders it, according to the company.

In practice, expect a smooth checkout for ordinary orders and questions about identity or source of funds as orders grow. If a large purchase matters to you, ask support before you send bitcoin rather than after. Paying with bitcoin is legal and the dealer must still follow anti-money laundering rules in Singapore and the US. This guide does not cover ways around those rules.

Selling metal back for bitcoin

BullionStar buys back most bullion products and pays by wire or in bitcoin. The posted sell prices sit on its Sell page. For stored metal, you sell straight from the vault through your account, with nothing to ship. For metal you hold at home, you ship it within one business day of a sell order (two in the US and New Zealand) at your own risk and cost, it is checked, and payment usually goes out within a few business days. A bitcoin payout needs a sale worth at least US$499. Sell orders are binding, and damaged or non-standard items can be repriced.

Pros and cons

Pros

• Long track record: in business since 2012 and taking bitcoin since 2014.
• No markup for bitcoin, compared with 3.3% to 4% for cards.
• No minimum order and a high ceiling (S$1,000,000 per Bitcoin order).
• Vault storage in three countries with allocated ownership, insurance and several audit options.
• Free insured shipping on US orders over $98, with discreet packaging.
• You can sell back and be paid in bitcoin.

Cons

• No discount for paying in bitcoin, which some US dealers offer.
• No Lightning payments mentioned; six on-chain confirmations can take hours.
• Tight 20-minute payment window and binding orders, with a 200 fee plus market loss if you do not pay.
• Storage minimum and a 129 withdrawal fee make small vault holdings expensive.
• International customers handle import taxes themselves.
• Terms fall under Singapore law, with disputes going to mediation and then arbitration in Singapore.
• No published ID threshold, so you cannot know in advance when checks will start.

How BullionStar compares with other dealers

The precious metals category on Bitcoin Lando lists more than a dozen dealers. These three are useful comparisons because they publish clear Bitcoin terms.

Dealer	Bitcoin terms (as published)	Storage	Best for
BullionStar	No markup; no minimum; up to S$1,000,000 per order; 6 confirmations	Singapore, US, New Zealand; 0.39% a year for gold (SG, US)	Buyers who want vaulting in Asia or the Pacific, or several countries
Hero Bullion	2% off card prices, through BitPay; $20,000 cap per order	Not offered	US buyers who want home delivery
SwissBullion	Confirms in about 10 to 60 minutes, per its Bitcoin page	Swiss vault; free 180 days, then 1% a year for gold, 2% for silver	Buyers who want Swiss storage
Suisse Gold	Up to $100,000 per transaction, per its payment guide	Swiss vault or worldwide delivery	Mid-size orders into Swiss storage

Hero Bullion, in Plano, Texas, gives 2% off its card price when you pay with bitcoin, but its check and wire prices are 4% below card. So at Hero, bitcoin beats a card but not a wire. For a US buyer who wants coins delivered and already holds bitcoin, Hero's 2% can make it cheaper than BullionStar on the same product. Compare the final price of the item in your cart, not the headline discount.

SwissBullion stores metal in Switzerland and charges nothing for the first 180 days, but its rates after that (1% a year for gold, 2% for silver) are well above BullionStar's. Its site footer names a company registered in the British Virgin Islands. Suisse Gold offers Swiss storage or worldwide delivery, and its payment guide caps a single Bitcoin payment at $100,000.

Large US dealers such as JM Bullion and APMEX are also listed. They carry very wide catalogs and are worth a price check for US delivery. In our view BullionStar stands out on storage choice, the absence of a Bitcoin markup and its long record with bitcoin. It is weaker if you only want the lowest delivered price inside the US.

For a wider look at the topic, see our guide to buying gold and silver with bitcoin, and our comparison of bitcoin and gold as stores of value.

Safety tips before you send bitcoin

• Type the address yourself. Go to bullionstar.com, bullionstar.us or bullionstar.co.nz directly or use a saved bookmark. Copycat bullion sites exist, and our scam guide shows how they work.
• Check the payment address twice. Compare the address in your wallet with the one on the confirmation page and in the email. Bitcoin payments cannot be reversed.
• Set a priority fee. A low fee risks missing the 20-minute window, and a late payment can lead to a non-payment charge.
• Send the exact amount in one transaction. Do not split the payment across several transactions unless support says you can.
• Turn on two-factor login and keep your PIN private. Your BullionStar account controls stored metal and sales.
• Keep records. Save the order, the transaction ID and the bitcoin price at the time. You will need them for taxes.

A note on taxes

In the United States, the IRS treats bitcoin as property, so paying for metal with bitcoin is a sale of that bitcoin. You owe tax on any gain since you bought it, just as if you had sold it for dollars. Physical gold and silver are classed as collectibles, and long-term gains on collectibles are taxed at a maximum rate of 28% rather than the usual long-term rates. Other countries have their own rules. Our Bitcoin tax guide covers the basics. This is not tax advice, so check with a tax professional for your situation.

Frequently asked questions

Does BullionStar take Lightning payments?

Its Bitcoin help page, checked in November 2026, describes only on-chain payments to a one-time address with six confirmations. Lightning is not mentioned.

Can US customers pay with bitcoin on bullionstar.us?

Yes. The Bitcoin guide on the US site lists the same process, limits and six confirmations. US stock ships only within the US and is free over $98.

What happens if the price moves while I wait for confirmations?

Nothing for you. The price is fixed when you place the order. As long as you start the payment within 20 minutes, the confirmation time does not change what you pay.

Do I need to send ID to buy?

Not by default for ordinary orders, based on the published terms. BullionStar can ask for ID, proof of address or other information on any transaction and can hold the order until you answer, so expect questions on large purchases.

Can I cancel an order paid in bitcoin?

No. Orders are binding and there are no cancellation rights. If you do not pay, you are charged a 200 fee plus any loss from price moves. You can sell the metal back after you receive it, at the posted buy price.

Bottom line

BullionStar is a solid choice if you already hold bitcoin and want physical gold or silver, especially stored in a vault outside your home country. Bitcoin is priced like a bank transfer, there is no minimum, the ceiling is high, and the company has handled bitcoin for more than a decade. The downsides are the slow on-chain checkout, the strict 20-minute window, storage minimums on small holdings, and no Bitcoin discount. US buyers who only want delivery should compare prices with a dealer such as Hero Bullion first.

If BullionStar fits what you need, you can open a BullionStar account, set the currency to BTC and check prices before you commit. For more dealers, browse the precious metals directory.