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What is New BitShares?

New BitShares (NBS) is a fork of BitShares (BTS), a Delegated Proof-of-Stake (DPoS) public blockchain infrastructure which started off as a decentralised cryptocurrency exchange.

  • New BitShares continues to use the DPoS consensus, and the fork will only reverse the functions that have not been approved by the BTS committee for BTS4.0.
  • Functions that will not be included in NBS include; voting weight decay, one vote for one vote committee elections, locked voting, counting of non-locked accounts votes as zero & removal of rights to vote when BTS is used as collateral.
  • The NBS token is used for transaction fees, voting, as a store of value, as collateral and staking within the NBS network.

The NBS team believe that long-term governance ailments of the BTS community have hindered the development of the platform. The China BitShares Association conducted a fork in review of the situation and hope that through the new development plan, New BitShares can realise the original mission of BitShares.

How do I swap New BitShares?

Enter amount to swap
Select the quantity of New BitShares you would like to swap.
Select coin to swap with
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 New BitShares

Why Should I Trade NBS with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell New BitShares no matter what your trading experience is. Unlike other international and Australian New BitShares 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 New BitShares 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 New BitShares 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 New BitShares?

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 New BitShares for free.

Cold Storage

If you are holding New BitShares 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 New BitShares. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for New BitShares. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
New BitShares has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As New BitShares 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 New BitShares 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 New BitShares & 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 New BitShares 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 New BitShares portfolio here.
Yes! With CoinSpot you can convert your New BitShares 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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