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Sunday, September 25, 2022

How to buy Bitcoin Gold

Hi guys and welcome to the SimpleSwap cryptocurrency exchange. In this article, we will guide you on how to buy Bitcoin Gold in just a few simple steps using our platform. So let’s roll!  First, let’s take a closer look at Bitcoin Gold.

Bitcoin Gold is a hard fork of Bitcoin that occurred in late October 2017. It is an open-source decentralized digital currency without a central bank or intermediary that can be sent from user to user on the peer-to-peer Bitcoin  Gold network.

Bitcoin Gold is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of special ASICs. ASICs tend to monopolize mining to a few big players,  but GPU mining means anyone can mine again – restoring decentralization and independence.  

Nowadays Bitcoin Gold is among the top 100 cryptocurrencies by market capitalization.  Sounds cool right? Bitcoin Gold is definitely worth your attention.

Ready to get some BTG coins? Start by selecting the coin that you want to exchange in the  “you send” section using the drop-down list.

You can also use the search bar just start typing the name of the cryptocurrency or its ticker. Next, enter the amount you would like to exchange.  Now, select BTG in the “you get” section.

You can also use the search bar. After that, you will see the estimated amount of BTG you will receive. Please note that there is a minimum amount for every exchange do not send an amount less than the minimum one.

Then you need to enter the recipient’s Bitcoin Gold address. Be extremely careful and double-check your Bitcoin Gold address. Your BTG coins will be sent to this address right after the exchange.

All right now all the necessary details for the exchange are entered. Once again make sure that all the data is correct. If everything is okay click the exchange button and you will be forwarded to the exchange page.

At this stage, the status of your exchange is “waiting”.  Here you will see the address to send the indicated amount of yearning. Finance to continue the exchange. You can use the QR code to speed things up.

After we have received the deposit to our address and the transaction has the required amount of confirmations the status will be indicated as “exchanging” which means that your exchange is in progress.  

While our system is sending you Bitcoin Gold the status changes to “sending” and you will only have to wait a little while for the coins to reach your address. Now that’s it! Your exchange is completed and you can see the indicated status as “finished”.

In most cases, the exchange process usually takes up to 30 minutes. See how simple it is? In case you have any questions left feel free to ask us in the comments below.

Read More: Buy ETH Today!

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