Bitcoin Gold (BTG) is quite a popular coin supported by many exchanges. LetsExchange is not an exception. Here, you can buy BTG with over 4,500 other assets, without a mandatory registration. The upper limits are very high, and you can swap coins at a fixed or a market rate.
What Is BTG?
Bitcoin Gold, launched in 2017, emerged as a more accessible alternative to Bitcoin. This cryptocurrency aims to merge Bitcoin's robust blockchain security with enhanced flexibility for innovation and development.
Bitcoin Gold strives to offer a cryptocurrency that retains Bitcoin's core functionality while expanding opportunities for decentralized finance (DeFi) and decentralized application (DApp) developers to utilize the platform.
How to Buy BTG on LetsExchange: a Step-by-Step Guide
On LetsExchange, you can swap any of the supported tokens to BTG. You do not have to register an account, however, if you do so, you get access to many more features to facilitate your swaps such as the list of favorite coins and pairs, transaction history, and so on. Those who want to generate an additional income source can benefit from the affiliate program offered by LetsExchange, it is accessible directly from your personal cabinet.
To proceed with the swap, follow these steps.
In the exchange widget, select the coin to exchange for BTG in the You Send field. We will be swapping Bitcoin but you can choose any coin you have in your wallet.
Provide the amount of the coins you want to swap. In our example, we pick a default sum of 0.1 BTC.
Choose the exchange rate type: fixed or market.
If you pick a fixed rate, you will receive the exact amount specified on the You Get screen. With a fixed rate, you can use a promo code.
Note please that the fixed rate is updated if you don’t proceed with the swap while the exchange rate is valid. If the exchange rate changes, you will get a notification. Just click on the Ok, got it button to get a new exchange rate and proceed.
If you pick a market rate, the sum to receive may be different from the sum that is initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate.
We pick a fixed rate because, with it, you get an opportunity to receive cashback by entering a promo code.
In the You Get window, pick BTG.
Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.
If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates - from time to time, we organize some events for our users where they can be rewarded with promo codes and other valuable rewards.
Click on the Swap option.
Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.
You can also fill in the refund address. If the swap doesn’t go as expected, your coins will be refunded there.
Finally, you can provide a valid email to receive updates about the swap progress.
Check all the data once more and hit the Apply button.
You will be displayed a deposit wallet address, to which you need to send your coins. After you do so, the coins will be swapped, and your BTG will be sent to the receiving wallet address you’ve provided.
After the transaction is completed, you can download the receipt with all the transaction details. Also, you can track your transaction at any stage by copy-pasting its number on the Transaction status page.
Conclusion
Bitcoin Gold (BTG) combines Bitcoin's foundational blockchain properties with an innovative approach to development and applications. This hard fork of Bitcoin aims to transform mining by implementing a new proof-of-work algorithm, addressing Bitcoin's scalability challenges.
As an open-source protocol, BTG encourages developer participation in blockchain governance and development. The project views this as crucial for advancing decentralization, addressing a perceived shortcoming of Bitcoin.
While Bitcoin Gold couldn’t replace Bitcoin, it plays an important role in the crypto ecosystem and can be used to benefit from short-term price fluctuations or long-term holding.