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Bitcoin Gold

What is Bitcoin Gold (BTG)?

Bitcoin Gold (BTG) is a permissionless, decentralized cryptocurrency that resulted from an October 2017 hard-fork of Bitcoin. Like Bitcoin, mining of the total supply of Bitcoin Gold is capped at 21 million. Bitcoin Gold also implements SegWit and Lightning Network without relying on the massive hash power of the Bitcoin network. However, Bitcoin Gold differs from Bitcoin in several ways. Instead of using the SHA-256d Proof-of-Work consensus mechanism Bitcoin uses, Bitcoin Gold uses the memory-hard Equihash Proof-of-Work consensus mechanism, which is designed to be ASIC-resistant yet easily mined with CPUs and GPUs. The aim is to democratise and decentralise the mining process by moving it away from large, centralised ASIC-mining warehouses. The Bitcoin Gold developers used a “post-mine” after the hard-fork, retroactively mining 100,000 coins, or 8000 blocks at 12.5 coins per block, which were used for its developer dedicated developer endowment. The Bitcoin Gold Organisation oversees the development of Bitcoin Gold.

How to Buy Bitcoin Gold in New Zealand

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy BTG

Frequently Asked Questions

Where is the best place to buy Bitcoin Gold?

The best place to buy Bitcoin Gold is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Bitcoin Gold?

Yes, Swyftx is a safe and secure platform to buy and sell Bitcoin Gold (BTG). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of BTG determined?

The price of BTG is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Bitcoin Gold with credit card?

Swyftx does not allow you to directly buy Bitcoin Gold with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BTG instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.