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How and where to buy Bitcoin Gold

What to know about trading BTG after the fork.

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 is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
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Quick guide: How to buy BTG

  1. Register for an account with a cryptocurrency exchange like KuCoin.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click "Buy Crypto".
  5. Choose your preferred payment method.
  6. Choose a payment channel, or stick with the default option.
  7. Search for the cryptocurrency you want to purchase from the list on the right.
  8. Select the currency you want to pay in, and the amount you want to spend.
  9. Review the transaction details.
  10. Click "Confirm".
Go to KuCoin'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
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

17
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

50
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 decentralized 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 decentralize 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.

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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4 Responses

    Default Gravatar
    RossNovember 16, 2017

    Where can I buy Bitcoin Gold? I dont have any other cryptocurrency to buy BTG with, only cash. For the love of god I cant find anywhere that will allow me to buy BTG with cash and then simply transfer the BTG into a wallet. Please help!

      Avatarfinder Customer Care
      HaroldNovember 19, 2017Staff

      Hi Ross,

      Thank you for your inquiry.

      It may still be too soon after the fork for cash to be supported by any exchanges It may be challenging to find out who offers cash purchases that also supports BTG.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    BismarckNovember 12, 2017

    Was the fork (segwit2x) expected nov16-17 canceled??

      Avatarfinder Customer Care
      JoanneNovember 13, 2017Staff

      Hi Bismarck,

      Thanks for reaching out.

      The organizers of the Segwit2x (B2X) hard fork announced that they were putting the plans on hold due to a lack of consensus among the community.
      Please refer to the beginner’s guide to bitcoin fork to get additional information about this update.

      Cheers,
      Joanne

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