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The official Bitbns App is now available:
Buy Bitcoin Gold in India
Note: Bitcoin Gold is not yet live for trading, but we would add it soon. Till then, sign up and explore seamless trading at Bitbns.
Simple Steps to Buy Bitcoin Gold (BTG) in India
Register: Sign Up with Bitbns and enter name, phone number and email id for account creation purposes.
ID Proofs: Next, submit your:
Bank account details, &
Aadhaar card photocopies
Note: (Residents of Assam can upload Driving license photocopy) for proceeding with background verification process.
On successful verification of uploaded documents which will take only 30 minutes, investors will be notified via email about account activation.
Finally investors can Transfer funds to their Bitbns account using NEFT/RTGS/IMPS or UPI and begin placing their trading orders!
Investors have an option of performing an intra-transfer of their Bitcoin Gold between their various other cryptocurrency exchange accounts into their Bitbns account which would not take more than 10 minutes.
Bitcoin Gold is the latest version of Bitcoin. It was developed by Jack Liao, the CEO of LightningAsic. The Bitcoin Gold community wants to achieve this goal by solving the problem of centralization of miners through a modification of the 'PoW' theory which led to the 'hard fork'.
For our readers, a hard fork intervenes when the blockchain separates in two, under the impulse of a fundamental change of the rules which govern the system. This rule change allows new blocks to be created on the new chain - blocks that are incompatible with the old one.The algorithm that was used for this task is 'Equihash' and has already been used by ZCash which allows users to extract money with graphics processors (GPUs).
Some interesting features of Bitcoin Gold (BTG):
The main innovation of Bitcoin Gold is the use of a completely different mining algorithm or transaction validation. Bitcoin uses the SHA-256 algorithm which consumes a lot of energy and therefore requires special and expensive equipment called ASICs. Bitcoin gold will use the less energy-hungry Equihash algorithm that allows the mining or validation of transactions with a graphics card.
The initiator of the bitcoin gold is none other than Jack Liao, boss of the Hong Kong company LightningASIC who operates a litecoin mine and manufactures the mining equipment using graphics cards.
Bitbns allows you to easily buy Bitcoin, Bitcoin Cash and many more cryptocurrencies on their platform in just a few clicks. Bitbns undoubtedly the largest Indian marketplace have already demonstrated their potential through initial market success of cryptocurrency flash sales and double offers in the past few weeks of its establishment.