How to Buy Bitcoin Gold

How to Buy Bitcoin Gold?

Have you been wondering how to buy Bitcoin Gold? Well you're not alone. Trying to find the right exchanges to buy Bitcoin Gold cryptocurrency or other altcoins can be confusing but we've made things simple for you. Coinbase and Binance are one of the best ways to buy altcoins in the cryptocurrency market. This is a quick and simple step-by-step guide that can help you buy Bitcoin Gold. We also included tips on avoiding the most recent scams and some common mistakes people make when buying BTG for the first time.

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Bitcoin Gold (BTG) is a hard fork of Bitcoin and an open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets), used to mine Bitcoin.

ASIC resistant GPU powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer.

One of the main differences from Bitcoin is that Bitcoin Gold uses the memory hard equihash as proof-of-work algorithm instead of the sha-256. But for the rest, the project follows the guidelines of the Bitcoin core project.

Bitcoin Gold Features:

  • Decentralization – Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs.
  • Fair Distribution – Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos. Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group.
  • .Replay Protection – To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats.
  • Transparency – Bitcoin Gold is a free open source software project that is built by volunteer developers and supported by a rapidly growing community of Bitcoin enthusiasts that stretches around the globe.
Now that you have some knowledge about Bitcoin Gold, you can follow the guide below to buy Bitcoin Gold and add it to your cryptocurrency portfolio. 

      Coinbase is one of the best ways to buy Bitcoin Gold and its easy to setup an account. Coinbase is also one of the most popular exchangevs and they’re currently offering a special promotion where you can get $10 in free Bitcoin when you signup and buy $100 or more in cryptocurrency through their site. 

      *Click here to Open a Coinbase Account and Get $10 in Free Bitcoin!

      A quick step-by-step guide on how to buy Bitcoin Gold with Coinbase:

      1. How to Buy Bitcoin Gold with Coinbase, Step 1: Visit Coinbase.com.   
      2. How to Buy Bitcoin Gold with Coinbase, Step 2: Create Coinbase Account: 
      3. How to Buy Bitcoin Gold with Coinbase, Step 3: Add Debit card and Bank Account. Add your debit card and Bank Account information to your Coinbase account. 
      4. How to Buy Bitcoin Gold with Coinbase, Step 4: Verify your ID. Verify your ID with Coinbase (A valid photo ID such as a driver’s license)
      5. How to Buy Bitcoin Gold with Coinbase, Step 5: Add Extra Security with Two-Factor Authentication (2FA) : Once you’ve opened your Coinbase account, you should immediately enable two-factor authentication (2FA) which will add extra security to your account. When setting up the two-factor authentication (2FA), Coinbase will request a special numeric code to be entered after you’ve successfully logged in with your e-mail and password. This numeric code is generated through an app on your phone called Google Authenticator. You will need to download Google Authenticator on your phone in order to generate the code and setup the two-factor authentication (2FA).
      6. How to Buy Bitcoin Gold with Coinbase, Step 4: .Buy Bitcoin Gold with Bitcoin. Once you’ve created a Coinbase account, you can use Bitcoin, Ethereum or Litecoin to buy your altcoins. It’s highly recommended that you use Bitcoin, as most cryptocurrency exchanges use Bitcoin as their base currency to be paired with altcoins (which means that altcoins will usually be easier to buy or sell). After you buy Bitcoin on Coinbase you’ll need to send it to the bitcoin deposit wallet address on the exchange your altcoin is being traded on. See the “Quick Tip” below if you’re unsure on what exchange your altcoin is being traded. If you already know then you can move to the next step, which is setting up your Binance Account! 

        Binance is considered one of the best altcoin exchanges and they offer a wide range of trading pairs. It’s also is one of the fastest growing exchanges for altcoins and they have very low trading fees (as low as 0.01%). You can even reduce your fees further if you pay your trading fee in BNB (Binance Coin). If you need to pick only one exchange to buy altcoins, this is the best one.

        A quick step-by-step guide on how to buy Bitcoin Gold with Binance:

        1. How to Buy Bitcoin Gold with Binance, Step 1: Visit Binance.comMake sure you bookmark this page, as there are scammer sites that look identical to the actual Binance.com site. Be sure to examine the URL (web address) and look for the “Secure” certificate or padlock icon to authenticate the Binance site. 
        2. How to Buy Bitcoin Gold with Binance, Step 2: Create Binance Account:

          After visiting the Binance website, click on the “Register” link in the upper-right-hand corner. After, you’ll need to enter your e-mail address and create a password to register.

        3. How to Buy Bitcoin Gold with Binance, Step 3: Add Extra Security with Two-Factor Authentication (2FA) :

          Once you’ve opened your Binance account, you should immediately enable two-factor authentication (2FA) which will add extra security to your account. When setting up the (2FA), Binance will request a special numeric code to be entered after you’ve successfully logged in with your e-mail and password. This numeric code is generated through an app on your phone called Google Authenticator. You will need to download Google Authenticator on your phone in order to generate the code and setup the  (2FA).

        4. How to Buy Bitcoin Gold with Binance, Step 4: Deposit Bitcoin from Coinbase: 

          In the upper-right-hand corner of the Binance homepage, search for a tab labeled “Funds.” Hover over the “Funds” tab and click on “Deposits.” After then search for Bitcoin, and then press the “Deposit” tab. Here you will be able to create a unique Bitcoin deposit wallet address so now you’ll be able to send Bitcoin to from your Coinbase account to your Binance account

        After setting up a Coinbase account and Binance account you’re ready to transfer your Bitcoin to your wallet on Binance

        A quick step-by-step guide on how to transfer Bitcoin from Coinbase to Binance to buy Bitcoin Gold

        1. Buy Bitcoin Gold Step 1: Select Accounts. Go to Coinbase and at the top of your screen select Accounts
        2. Buy Bitcoin Gold Step 2: Choose cryptocurrency. Next, choose the cryptocurrency that you want to send from your wallet and in this case we’re choosing Bitcoin.
        3. Buy Bitcoin Gold Step 3: Get Binance Wallet Address. Now you have to enter the address found in your Binance account. It’s highly recommended that you copy and paste this address for accuracy. Many people have lost their coins by entering the wrong wallet address and there is no way of getting them back after they’re sent. To locate this address just switch to your Binance account, select “Funds” at the top of your screen and then click on Deposits”. Copy this address by clicking on the copy address icon on the right. 
        4. Buy Bitcoin Gold Step 4: Enter Binance Wallet Address.  Paste the address that you just copied right under “Recipient” in your Coinbase account and choose the amount you want to send. 
        5. Buy Bitcoin Gold Step 5: Verify and Send. Make sure that you verify all the details of the transaction are correct and then press complete to send and you’re done!

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