Buy Bitcoin Gold or BTG Crypto currency explained by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about how to Buy Bitcoin Gold or BTG Cryptocurrency.
How To Buy Bitcoin Gold or BTG Cryptocurrency?
Bitcoin Gold is another altcoin created after a hard fork of the Bitcoin blockchain. This happened in October 2017. The idea of Bitcoin Gold is to be easier for mining, so that even ordinary users can mine it, as opposed to Bitcoin, whose algorithms have become increasingly complex and only people with highly specialized and expensive equipment could perform.
Similarly to the coin of the first hard fork – Bitcoin Cash – initially Bitcoin Gold was not offered by many exchanges, but this has since changed and now it can be exchanged for other cryptocurrencies or fiat currencies on some of the major platforms.
In case you want to buy Bitcoin Gold, this is what to do:
1. Buy Bitcoin Gold with another cryptocurrency like Bitcoin or Ether. If you have one of those, you can buy Bitcoin Gold at more exchanges. But if you do not, you need to get some first. The most obvious choice is Coinbase. It is a large and well-established exchange that operates in over 30 countries and has a New York bit license. The biggest advantage of Coinbase is the option to buy cryptocurrencies with a credit or debit card, for a commission of 4%.
2. After you get your Bitcoin or Ether, you have to open an account with a cryptocurrency exchange that offers trading in Bitcoin Gold. There are quite a few of those, but we are going to list some of the major ones: Bittrex, Bitfinex, Binance, Changelly, Shapeshift, QuadrigaCX, Bitsane, OKEx, Yobit, HitBTC.
3. After you open an account with one of those and go through the verification process, if needed, you can buy Bitcoin Gold.
Another simpler and more straightforward option is to buy Bitcoin Gold with fiat currency. There are not that many exchanges who offer this option, but here is their list. You can buy Bitcoin Gold for EUR at: DSX, CEX.IO, Bitsane and Bitbay. USD: Bitfinex, DSX, CexIO, YoBit, Bitbay, Abucoins, BitFlip, Exrates. If you want to buy Bitcoin Gold with GBP, you can do so at DSX. The major South Korean exchanges like Bithumb, Coinone, Coinnest and Korbit offer the option to get Bitcoin Gold for KRW.
After you get your Bitcoin Gold, we suggest you store it in your own wallet, rather than on the exchange, as it is safer. There are a few Bitcoin Gold wallets, according to the cryptocurrency’s own site: Trezor Wallet, Exodus Wallet, Freewallet, Coinomi, Bitpie and Garda. There is also an online Bitcoin Gold wallet, but we strongly advise against storing cryptocurrencies online.
Theoretically, you can also just speculate on the price of Bitcoin Gold, rather than physically owning it. Some of the major and well-regulated forex brokers, like eToro, are offering CFDs on some of the major cryptocurrencies. However, this is not the case with Bitcoin Gold. Currently, only AvaTrade offers trading in it in the form of CFD.
To buy the coin you can sign up with a cryptocurrency broker, you can use Plus500, XM, eToro, Fxpro or AvaTrade crypto currency brokers.
How to Buy Bitcoin Gold or BTG Cryptocurrency Conclusion
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