Bitshares is a decentralized exchange of cryptocurrencies (DEX) and an infrastructure for public blockchains. Originally known as ProtoShares, Charles Hoskinson, founder of Cardano, and Dan Larimer, co-founder of Steem and EOS, formed BitShares. The BitShares blockchain is the first blockchain to introduce a consensus process for Delegated Proof-of-Stake (DPoS). The DPoS consensus mechanism enables token holders without the need to run a validating node themselves to delegate their tokens to validators. The first DEX to work on a scale is often known to be BitShares. By converting them to BitAssets, BitShares enables users to exchange both crypto-currencies and conventional financial instruments. BitAssets are collateralized BitShares tokens (BTS), which are connected to real-world markets as the native token of BitShares. A unique feature is also introduced by the BitShares platform, which enables users to launch their own decentralized autonomous business (DAC). A DAC provides a model where a decentralized business will issue shares to shareholders and distribute its profits. The BTS token is also used for the payment, staking, and voting of transaction fees on the network. Go to their website, https://bitshares.org, to learn more about BitShares.
The best place to buy BitShares 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.
Yes, Swyftx is a safe and secure platform to buy and sell BitShares (BTS). 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.
The price of BTS 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.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy BitShares with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BTS instantly.
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.
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