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What is Bitcoin Gold?

Bitcoin Gold is a fork of the Bitcoin blockchain that occurred on October 25, 2017.

The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born.

The vision of Bitcoin Gold is to make Bitcoin mining decentralised again. By changing Bitcoin’s proof-of-work algorithm from SHA256 to Equihash, all of the specialised SHA256 mining equipment will be obsolete for mining the Bitcoin Gold blockchain. Thus, Bitcoin Gold will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations. A more decentralised, democratic mining infrastructure is more resilient and more in line with Satoshi’s original vision.

How do I swap Bitcoin Gold?

Enter amount to swap
Select the quantity of Bitcoin Gold you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Bitcoin Gold

Why Should I Trade BTG with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Bitcoin Gold no matter what your trading experience is. Unlike other international and Australian Bitcoin Gold exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Bitcoin Gold with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Bitcoin Gold how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Bitcoin Gold?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Bitcoin Gold for free.

Cold Storage

If you are holding Bitcoin Gold as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Bitcoin Gold. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Bitcoin Gold. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Bitcoin Gold has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Bitcoin Gold is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Bitcoin Gold exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Bitcoin Gold & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Bitcoin Gold safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Bitcoin Gold portfolio here.
Yes! With CoinSpot you can convert your Bitcoin Gold to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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