How to buy Bitcoin Gold in Australia | finder.com.au

How to buy Bitcoin Gold

What to know about trading BTG and where to buy it.

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Bitcoin Gold was created when Bitcoin (BTC) hard-forked on October 25, 2017, at bitcoin block 491,407. Bitcoin Gold cloned bitcoin's transaction history but tweaked the DNA to continue on its own evolutionary path.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
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Quick guide: How to buy BTG

  1. Register for an account with a cryptocurrency exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for the cryptocurrency you want and click “Buy”.
  8. Enter the amount you want to buy, or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy”.
Go to CoinSpot's site

This is our quick guide to just one way to buy BTG. Compare some other options in the table below.

Where to buy Bitcoin Gold

Bitcoin Gold can be mined of bought at exchanges. The following exchanges support Bitcoin Gold — compare your options then click Go to site on the exchange of your choice to buy Bitcoin Gold.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

257
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

276
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Binance Cryptocurrency Exchange Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

261
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

250
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

132
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
Buy 130+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

164
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
HitBTC Multi-currency Exchange
HitBTC Multi-currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA
USD, EUR

212
cryptocurrencies

Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
Indacoin Cryptocurrency Exchange
Credit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
CoinField Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer, Credit or Debit Card, SEPA, EFT, Faster Payments (FPS)
USD, EUR, CAD, GBP, JPY, AED

24
cryptocurrencies

Canadian-founded Bitcoin and cryptocurrency exchange available in 193 countries.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

118
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bitit Cryptocurrency Marketplace
Bank transfer, Cashlib, Credit card, Neosurf, SEPA
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
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Compare up to 4 providers

How to buy or sell Bitcoin Gold

Bitcoin Gold can be bought and for both fiat currencies and cryptocurrencies.

How to buy Bitcoin Gold

  1. Find an exchange that supports BTG after comparing a few options.
  2. Sign up for the exchange and then decide how much Bitcoin Gold you want to buy.
  3. Provide payment and identification details such as credit or debit card. You may also need to fulfill KYC procedures.
  4. Buy your Bitcoin Gold and then consider moving it to a hardware wallet for safer keeping.

How to sell Bitcoin Gold

  1. Go to the exchange platform or wallet where you're holding your BTG. If you have your BTG in a digital wallet, then you can choose any platform from those listed above to complete your transaction.
  2. Enter the amount you want to sell and decide if the current exchange rate is right for you.
  3. Sell your BTG for fiat or crypto. If selling for cryptocurrency be sure to store your new crypto somewhere safe, like a hardware wallet.

Will BTG overtake BTC?

No one can say for sure. There are some factors you will need to consider though.

This fork wasn't like others

Each fork is intended to improve bitcoin by overcoming certain shortfalls.

    Bitcoin has previously forked into Bitcoin Cash (BCH) to improve transaction speeds, and the Segwit2x fork (at block 494,784) is intended to do the same.

    Both of these use the same SHA-256 algorithm type as BTC. This means they're in more direct competition with BTC, because there's only a finite amount of hardware around to mine all three currency types. Miners will probably have to choose which one they'll spend their resources on.

    But BTG will be using the Equihash algorithm instead, which cannot be solved using the same purpose-made ASIC BTC mining system. Instead, it's designed to be mined with general purpose hardware.

    This is the currency's main feature. It's designed to be decentralised and to put more of the mining power back in the hands of the masses rather than small groups of traders.

On the other hand

Potential buyers need to consider whether BTG's new mining architecture can effectively decentralise the currency and whether that will necessarily be good for its value.

There have also been a number of issues, such as a distributed denial-of-service (DDoS) attack shortly after launch which prevented it from functioning, according to Motherboard, and a potential range of technical issues.

According to Forbes, users are also reporting difficulties connecting to other nodes of the network, which might strike directly at the main benefits and points of difference offered by Bitcoin Gold.

You will need to decide whether these issues are a concern and whether BTG will be able to overcome any reliability and technical issues. You will also need to decide whether correcting these issues will actually end up translating into an increase in value.

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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One Response

    Default Gravatar
    JamesOctober 1, 2018

    You are right! Today everybody is trying to cheat you, no matter you are keeping it or changing. I use Trezor to keep and BestChange for exchange. That always works perfectly.

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