Friday, July 1, 2022

How To Sell Bitcoin Gold

The Complete Guide To Bitcoin Gold Exchange

How To Sell Bitcoin Gold BTG on Bittrex

Many people never seem to know the actual difference between Bitcoin and Bitcoin Gold but dont worry, Ive found the perfect video to help us out with that. Take a look below:

I hope you now have an idea of how they differ, and if you still dont, I will clearly explain what BTG is, seeing as most of you already know what BTC is. In addition, I will share with you where Bitcoin Gold is trading, among a few other things.

So lets not keep you waiting!

Selling Bitcoin With Paypal

One method people search for online often, is how to sell Bitcoins and receive funds to your PayPal account.

PayPal, in general, arent very fond of Bitcoin mainly due to the fact that they cant give their customers chargeback protection for Bitcoin transactions .

Having said that, there are still some workarounds that will allow you to sell Bitcoins for PayPal.

Exchange Bitcoin For Other Cryptocurrencies

There is also the option of selling your Bitcoin for another cryptocurrency.

Step 1: Sign in to the cryptocurrency exchange.

Step 2: Find the Convert option.

Step 3: There will be a panel with an option to convert one cryptocurrency for another, so select which cryptocurrency you will be trading and the one you would like to trade it for .

Step 4: Click on preview and confirm the transaction.

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Transfer Bitcoin To The Website Wallet

Now, under the wallet section of the website, you will find your unique Bitcoin deposit address. You can transfer your Bitcoin to the wallet, and usually this could take 5-50 minutes for the transfer to be done.

For example:

On CEX, click on Wallets, and you will find your Bitcoin wallet address:

A word of caution:

If you are doing something like this for the first time, you should transfer just a fraction of Bitcoin. Ex: 0.01 BTC.

What Is Bitcoin Gold

How to Buy and Sell Bitcoin with a Credit Card and Prepaid ...

Bitcoin Gold is the second fork from Bitcoin after Bitcoin Cash. The Bitcoin Gold fork occurred on October 24th of 2017, at block height 491,407. It does retain Bitcoins transaction history, meaning if you owned Bitcoins before the fork, you now own the equal amount of Bitcoin Gold coins. This cryptocurrency aims to introduce an alternative mining algorithm that is less susceptible to ASIC-based optimisation, therefore allowing users to earn more with their computer cycles.

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What Is The Best Payment Method For Buying Bitcoin Gold

  • Buy Bitcoin Gold with Cash: Many P2P platforms allow you to contact sellers and pay cash.
  • Buy Bitcoin Gold with Credit Card: Extremely easy to use. A transfer is done in minutes.
  • Buy Bitcoin Gold with Bank Transfer: Secure, but if money is moving across borders and different banks, this can take a bit of time.
  • Buy BTG with Bitcoin: As the King of crypto, nearly all major exchanges offer BTG/BTC pairs for instant buying.
  • Buy Bitcoin Gold with PayPal: Cheaper, but not available globally.

The Long Answer: Introduction

Claiming Bitcoin Gold coins requires some work, and there’s no one solution as it depends on how you are currently holding on to your BTC and what hardware/software you have access to. To help pick the right path we’ve broken the process down in to a number of possible methods.

Once you’ve moved the forked coins into a wallet you control we then provide you with a number of possible options depending on what you want to do with them.

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Easiest Safest Fastest Ways To Buy Btg Worldwide

We’ve compared a lot of offers to find the top ones right now we have6 ways for you to purchasebitcoin gold available worldwide.Enough to choose from, right? Please keep in mind that not all of these may bepossible to pay with Canadian Dollar,the ones that will surely be good for the domestic currency are a little bit above.The top popular ways to purchase BTG crypto:

  • Visa & Mastercardin USDActually it’s a multi-currency option,you are supposed to pay by the Credit/Debit Cards.This way to send fiat money will work worldwide.Canada, United States, etc. are covered.Suggested in 1 offers
  • SWIFT Transferin USDActually it’s a multi-currency option,you are supposed to pay by the International Bank Transfers.This way to send fiat money will work worldwide.Canada, United States, etc. are covered.Suggested in 2 offers
  • ePaymentsin USDan international payment system.This way to send fiat money will work worldwide.Canada, United States, etc. are covered.Suggested in 1 offers
  • Advanced Cashin USDan international payment system.This way to send fiat money will work worldwide.Canada, United States, etc. are covered.Suggested in 1 offers
  • Payeerin USDan international payment system.This way to send fiat money will work worldwide.Canada, United States, etc. are covered.Suggested in 1 offers

Where To Sell Bitcoin Gold

How to claim Bitcoin Gold (BTG) Ledger Nano S – AirDrop Next Steps

    CoinSutra»Bitcoin»Where To Sell Bitcoin Gold

    I am being flooded with queries/email regarding how to access Bitcoin Gold and where to sell it.

    I am really surprised to know how many are eager to dump or trade their BTG and buy other altcoins.

    And why not? The BTG project has already given several hints of it being a shady altcoin. If you dont think so, then go through my previous post on Bitcoin Gold:

    But before I start telling you where to sell your Bitcoin Gold, I want to clarify a few things about this Bitcoin Gold fork.

    1. The Bitcoin Gold fork has already happened around October 24, 6 am UTC at the block height of 491407. So at this time, if you had your BTC in a wallet where you control your private keys or you had your BTC in a BTG-supported exchange, then you are eligible to access or claim your BTG.

    2. As of now, the actual hard fork on the blockchain didnt happen rather, it was a snapshot hard fork. This simply means that a snapshot of the Bitcoin blockchain was taken at the block height of 491407 and BTC HODLers who had BTC at that time will be eligible for BTG when the actual BTG blockchain is live. So, in short, this snapshot fork acts as if it was the actual fork on the blockchain itself.

    3. This was a theoretical hard fork, which doesnt exist right now.

    Note: Get ready to sell your BTG.

    BTG Blockchain Launch Date: November 12, 2017 7:00 PM

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    Other Ways To Buy Bitcoin Gold

    There are other ways to get your hands on BTG if you are having trouble with registering or setting up a payment method.

    Bitcoin Gold is a fork of the parent Bitcoin chain just like Bitcoin Cash is. BTG has changed its algorithm to be ASIC resistant and if you have a powerful computer, you can mine it yourself. If you find a block, you get to keep the rewards . You can increase your earnings by joining a mining pool, albeit at the cost of a lesser block reward as it is shared.

    Dont have a computer you can use to mine? You can always rent out computing power online and use cloud mining.

    Now with knowledge on how to buy Bitcoin Gold, you can go to any exchange you prefer and buy BTG.

    Bonus: Start Using Your Bitcoin More

    Its becoming easier and easier to use Bitcoins as a valid alternative to fiat money. Many websites offer extended payment options and, believe me, you will be surprised in number of ways how to use it.

    You can easily buy stuff from , book your hotels with Expedia or even gamble a little.

    Of course, with gambling everything is possible, but do never forget about possibility of loss.

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    Open A Position To Long/short Bitcoin Gold

    One of the benefits of trading Bitcoin Gold derivative financial instruments is that you can do both long and short trading.

    A long position is taken when you believe that BTG is all set to break out and rise in value. Typically called bulls in this scenario, traders open positions and wait till the Bitcoin Gold price has achieved their target.

    On the other hand, if traders analysis shows that Bitcoin Gold is overbought and is ready to retract, they can always open a short position. Unlike simple exchanging and trading where the only option to make money is to buy low and sell high, derivatives can be shorted in a bearish run where a trader bets that the price will fall. If the prediction is right, the trader stands to make a profit even in a downward market.

    Longs and shorts can be done with a variety of order types trading platforms may offer. Typically, there are three. Using a market order, a trader can open a position on what the going BTG price is at the moment. A limit order will allow the trader more control and define your asking Bitcoin Gold price and the contract amount along with, letting you open positions that fit within your trading strategy. Going a step further is a stop loss or take profit order, that gives a trader the option to select the market condition in which to open a Bitcoin Gold position.

    Many brokers also give advanced order options such as trails that allow you to constantly adjust your position as long as the market is in your favour.

    Bitcoin Gold: Long Vs Short Term Investment

    Bitcoin gold in 4 minutes. So Bitcoin Gold is out. It was ...

    You can choose either to go the long haul and wait months, even years for Bitcoin Gold to rise to a price you want, or you can rapidly buy and sell BTG to capture favourable price movements.

    You will have done your calculations to determine the long term price prediction if you want to hold on to your coins. This gives an advantage that you can sell them whenever there is a large price movement or a moon.

    Short term investment will give you lesser profits, but you can quickly cycle buying low and selling high to increase your BTG holdings over time.

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    How To Buy Bitcoin Gold With An Exchange

    A long term plan for using BTG will be better if you go with an investment plan and not a trading one. Investing means you will need to buy Bitcoin Gold and hold on to it. If you are leaning towards learning how to buy Bitcoin Gold, this section is just right for you.

    Similar to trading, you need to make a careful and well-studied decision on the crypto exchange you want to use to buy BTG. There are numerous crypto exchanges online today and you need to select one that is reputable, reliable and is regulated or legally compliant. Apart from these, have a closer look at the fee structure, including any charges on deposits or withdrawals.

    How To Buy Bitcoin Gold From Above

    Step 1: Click on Buy Bitcoin Gold from Exchange button. Step 2: You will be redirected to the exchange. Step 3: Sign up if you do not have an account with that exchange else log in. Step 4: See if the exchange support fiat currency or cryptocurrency or both. Step 5: Deposit the currency it supports and buy the currency you want.

    Note: If you are going to buy from Shapeshift or Changelly you do not have to create an account. You can directly put the wallet address of that specific coin and buy.

    Also if you are looking to trade cryptocurrency Binance& Bittrex are the exchanges we recommend. We have complete guide on how to trade on this exchanges, check it out:

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    Moving Bitcoin Gold Coins

    Along with each method we also outline the technical difficultly level, privacy/security protection and our recommendation level. Read through each to find which is the most recommended option for you to use.

    Method 1: Your existing wallet you are using to hold BTC

    We Recommend
    Difficulty
    Default Privacy

    If you have been storing your BTC on a wallet, for example a hardware wallet, and have been doing so through the fork point, it is possible that your wallet may have added the feature which allows you to move the coins. If you are comfortable using your existing wallet, we can recommend this. However, we do not recommend migrating your private keys to a different wallet for this purpose.

    *We do not provide any advice on claiming via your existing wallet. It is up to you to follow the directions from your wallet’s vendor for moving Bitcoin Gold .

    Method 2: Using Ymgve’s bitcoin_fork_claimer on an Ubuntu Live DVD Temporary Session

    We Recommend
    Default Privacy

    Bitcoin Gold provides a wallet that can be located via their project page.

    Sell Bitcoin In Person

    How to sell Bitcoin instantly on Pursa and receive MTN Mobile Money (MoMo) or Orange Money (OM)

    Here is everything you need to know about selling Bitcoin in person.

    This method is fairly straightforward as you are not required to make any accounts or pass any verifications.

    Step 1: Indicate that you are selling Bitcoin.

    Step 2: Meet up with friends or family or the person you are selling your Bitcoin for cash.

    Step 3: Ask for the cryptocurrency wallet address of the person you are selling Bitcoin to, and proceed to make the transaction

    Step 4: Receive the cash.

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    Choose And Join An Exchange That Sells Bitcoin Gold

    Use our recommended list of exchanges at the start of the guide to select the cryptocurrency platform that best suits you. A few of the most popular in 2021 are CEX, Coinbase and Binance. The buying process for BTG is more or less the same on any of the exchanges. However, it is prudent to look at the features and offerings of each to help you decide which to register on. Like brokers, these regulated exchanges will also ask for your personal data to comply with KYC and AML laws they are subject to.

    Bitcoin Gold Exchange Advantages On Changenow

    • ChangeNOW cares about your privacy and security. We are a non-custodial service, and we never control, store, or hold your funds in any way.
    • Once you deposit your BTG on the address, your exchange is complete within minutes why wait longer when you can spend your time on so many other important things?
    • We offer you Bitcoin Gold exchange options along with a versatile range of other cryptocurrency assets to choose from, and the list is constantly growing.
    • We don’t require you to sign up, remember passwords, or go through elaborate procedures to get what’s legitimately yours. Create a wallet and get, set, go!
    • We don’t believe in limiting you, your money, or your earning potential. Swap as much as you like limits are not our thing.

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    What Is Bitcoin Cash

    The three most popular types of Bitcoin cryptocurrency are Bitcoin , Bitcoin Cash , and Bitcoin Gold . All three types are traded on many exchanges, with Bitcoin being the most popular and available in the most places. Bitcoin Cash was created in part to limit certain groups from controlling Bitcoin. In order to understand Bitcoin Cash and Bitcoin Gold, it’s necessary to understand the evolution of Bitcoin.

    Is It Worth Buying Bitcoin Gold Right Now

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    Short-term investment in Bitcoin Gold looks to take advantage of price volatility to make smaller profits frequently. A trader should understand that this carries substantial investment risks. There is some consensus that over the long term, the coins could double but this is subject to numerous factors.

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    How To Trade Bitcoin Gold

    Trading and investing in Bitcoin Gold is different. Apart from speculating in prices, a trader needs to carry out fundamental and technical analysis before trading. Platforms offer trading instruments like spread betting and derivatives such as the contract for differences .

    Here are the steps that will guide you to trade Bitcoin Gold:

    Step 1: Find an online broker

    Finding a suitable broker is key to successful trading. Brokers offer comprehensive funds management, better security, and higher trading volumes. Traders do not have to manage a wallet or be concerned about security.

    A good broker will allow you to make small deposits, use leverage trading and provide a learning hub to use their tools. Some will provide the ability to copy trades from traders who have made consistent profits

    Due to the increase in scams perpetrated by brokers, check to see if your chosen broker is registered and accredited by the regulatory authority. After doing your due diligence, sign up and complete the verification process. We recommend that beginners first set up a demo account to help them practice trading.

    Step 2: Deposit money

    Deposit involves funding your broker account. Most brokers will accept fiat currencies including USD and GBP. Check if your local currency is allowed, otherwise, you will be charged currency conversion fees.

    Step 3: Decide how to trade

    What Are The Banking Regulations On Bitcoin

    Opinion about cryptocurrencies amongst the worlds top bankers is divided.

    Mark Carney, the Bank of England chief has cited cryptocurrencies as a revolution. The Vice President of Europes central bank as compared Bitcoin to the infamous Tulip Bubble of the 17th Century.

    One thing all central banks do agree on, however, is that cryptocurrencies need regulation to protect investor assets and stabilise the market.

    They are mostly concerned with preventing money laundering and other criminal activities the blockchain can facilitate.

    Benoit Coeuré, for example, has warned bitcoin is unstable and linked to tax evasion.

    President of Europes central bank, Mario Draghi declared digital currencies on the eurozone economy posed no threat to central banks monopoly on money.

    China has claimed full control over cryptocurrencies.

    Tax authorities all over the world are clamping down on cryptocurrencies by introducing regulations that ensure traders and investors of Bitcoins and the altcoin brethren are identified. Banks and other distributors of Bitcoin will apply their KYC protocols.

    Japan, one of the few countries that have legalised Bitcoin recently began assessing financial institutions to ensure their system protects consumers.

    Elsewhere, such as China, South Korea and the US, banks have banned the trading of BTC with credit cards.

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