How To Buy Bitcoin Gold (BTG) In Australia

Last Updated April 27th 2024

5 Min Read

A Beginner’s Guide to Buying Bitcoin Gold Cryptocurrency in Australia

If you’re based in Australia and wish to buy Bitcoin Gold – the process is very simple. All you need to do is find a regulated online exchange that offers competitive fees, deposit some funds and decide how much you wish to buy.

Before investing in the crypto market, you must conduct satisfactory due diligence to gain knowledge and skills for effective investment decisions. Bitcoin Gold stands among the rising star cryptocurrencies in the market, representing a token popular for its achievements in devolved finance.

The contributions of Bitcoin Gold are owed to having been based upon the blockchain network. Some of the tokens that are actively competing against or with Bitcoin Gold include Ethereum and Bitcoin.

What’s in this guide?

This guide equips prospective and existing cryptocurrency traders in their efforts to invest in Bitcoin Gold, enlightening them concerning all the important information to aid them in selling, buying, or storing their Bitcoin Gold tokens.

Therefore, with this guide, you have a complete manual, even for beginners, to help you through the whole process. However, you must schedule a consultation with a trusted financial advisor upon any uncertainty so that you know your venture. Noteworthy is that cryptocurrencies are a very risky field, and losing is one of the potential outcomes.

How To Buy Bitcoin Gold In Australia – Quick Guide

To help you buy Bitcoin Gold coins as quickly as possible, we broke the process down into a few easy steps:

Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
Step 3: Deposit – Fund your new eToro account with a minimum of $10.
Step 4: Search for Bitcoin Gold on eToro – Search for BTG or Bitcoin Gold in the eToro crypto market.
Step 5: Buy BTG – Enter the amount of the worth of Bitcoin Gold you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in Bitcoin Gold in Australia in less than 5 minutes.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where To Buy Bitcoin Gold In Australia

Whenever you intend to buy Bitcoin Gold from any part of Australia, look for a crypto exchange platform online. Multiple cryptocurrency exchanges do exist in Australia, but the best ones to use include

If you want to buy Bitcoin Gold in Australia, the only place to do it is from a crypto exchange. There are several crypto exchanges in the country, and you research the ones that support Bitcoin Gold.

List of the best Exchanges to buy Bitcoin Gold (BTG) in Australia:

Looking where to buy Bitcoin Gold in Australia right now? Below you will find 4 of the best brokers that allow you to buy Bitcoin Gold in Australia.

eToro - Best broker to buy Bitcoin Gold (BTG) in Australia
Binance - Best exchange to buy Bitcoin Gold in Australia for asset diversity
Coinbase - Best exchange to buy Bitcoin Gold (BTG) for beginners
OKEx - Best broker to buy BTG in Australia for low-cost

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

A Step-by-step Guide To Buying Bitcoin Gold In Australia

Use either one of the two step-by-step guides when you are ready to buy Bitcoin Gold:

Buying Bitcoin Gold using other cryptocurrencies

The first way of buying Bitcoin Gold tokens is through other cryptocurrencies. The process involves buying another cryptocurrency and, after that exchanging it for Bitcoin Gold. However, you should know that this option is not accessible to every exchange platform.

Buying Bitcoin Gold using fiat currencies

The other way for you to buy Bitcoin Gold is by using fiat currency, which involves using AUD. Before making the registration with an exchange platform, be sure that it accommodates AUD.

Follow the following steps to start buying Bitcoin Gold:-

Step 1: Register with an exchange

The first step in buying Bitcoin Gold is registering with an exchange platform. Australia features multiple cryptocurrency exchange companies, all open to serving their customers based on their needs and preferences. Look for a company that supports Bitcoin Gold and AUD currency. There are certain details that you will be required to provide to facilitate account opening. Some of these details include your name, contact number, and email address, among others. Since compliance measures regulate the exchanges, verification of certain details is necessary. Verification involves producing certain documents like national ID and proof of address, among others.

A strong password and multi-factor authentication are crucial to ensuring that the account cannot be accessed by anyone else but you.

Step 2: Funding the account

Funding the account is the second step and enables you to buy the Bitcoin Gold tokens. In funding the account, you are required to link your personal bank account to the exchange either directly or via your ATM card.

Step 3: Buying Bitcoin Gold

Buying the actual Bitcoin Gold is the third step. Having funded the account with your preferred form of payment (AUD or selected crypto), take the next step to trade them for Bitcoin Gold tokens. Should you prefer to use cryptocurrencies, click to select the matching pays against Bitcoin Gold listed as ETH/BCG or BTC/BCG.

However, if you wish to use AUS in buying the Bitcoin Gold tokens, then simply go for the pair that reads AUD/BCG. Next, confirm your transaction and check your email for the confirmatory notification.

How To Sell Bitcoin Gold

Having successfully bought Bitcoin Gold tokens, it is also allowed to sell them upon need or simple preference. Follow the following steps to sell them:-

First, sign in to the exchange account and then look for the select section of the exchange. Here, choose the amount you intend to sell and receive the number of funds worth the BCG you have traded. On the off chance that the exchange is not supportive of a direct BCG to AUD exchange, you also can first exchange them to other cryptocurrencies and later exchange the latter to AUD and finally withdraw your funds for the exchange account.

Which Wallets Can I Use To Hold Bitcoin Gold?

Cryptocurrency tokens can only be held in two forms of crypto wallets; online wallet and cold wallet. The former stores the tokens online and can also be termed hot wallets. Online wallets can be operated at all times.

As regards cold wallet, you are allowed to hold the Bitcoin Gold tokens for prolonged durations before selling. The cold wallets will keep your tokens safe and stored offline using devices such as a USB drive.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How Bitcoin Gold Works

Like other cryptocurrencies you may or may not have worked with before, Bitcoin Gold uses a blockchain mode of operation. This provides it a decentralized attribute that makes it possible to buy and sell the crypto even without an intermediary. Decentralization simplifies financial transactions as they easy, cheap and fast.

Key Things To Consider Before Buying Bitcoin Gold In Australia

Among the elements for consideration in case you are planning to buy Bitcoin Gold in Australia include the following:

Availability

The availability of Bitcoin Gold tokens is a primary consideration. Ensure that the selected tokens are high in supply and are circulating because it means their buying and selling are actually swift.

Usability

The ideal and most promising tokens are the ones that have multiple uses and are not limited to trading along. Find out whether Bitcoin Gold can support other DeFi projects to raise its value in the future.

Volatility

The volatility of the Bitcoin Gold tokens is also a critical consideration because crypto prices often fluctuate. You should invest in Bitcoin Gold with full knowledge of what might happen.