Last update: Jun 6, 2022

How to Buy Bitcoin Standard Hashrate Token (BTCST)

So you’re looking for a guide on how to buy Bitcoin Standard Hashrate Token. Depending on where you live, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Bitcoin Standard Hashrate Token – 4 Easy Steps

1. Choose a crypto exchange

Finding a trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Bitcoin Standard Hashrate Token of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy Bitcoin Standard Hashrate Token

Now that you have what you need to buy Bitcoin Standard Hashrate Token, head over to the market or buy section of the crypto exchange and buy some BTCST.

If the crypto exchange doesn’t have any Bitcoin Standard Hashrate Token on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Bitcoin Standard Hashrate Token first), and trade your Ethereum for Bitcoin Standard Hashrate Token.

Where to Buy Bitcoin Standard Hashrate Token (BTCST)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Bitcoin Standard Hashrate Token

1. Sign into the exchange where you bought Bitcoin Standard Hashrate Token.
2. Move your Bitcoin Standard Hashrate Token to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Bitcoin Standard Hashrate Token.

 

How to Buy Bitcoin Standard Hashrate Token (BTCST) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Bitcoin Standard Hashrate Token in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Bitcoin Standard Hashrate Token if it’s available. If the exchange doesn’t have Bitcoin Standard Hashrate Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bitcoin Standard Hashrate Token), and trade your ETH for Bitcoin Standard Hashrate Token.

Also, take a look at our analysis of the best places to buy crypto in Australia if you’re interested in learning more about the exchanges we prefer.

How to Buy Bitcoin Standard Hashrate Token (BTCST) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Bitcoin Standard Hashrate Token in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Bitcoin Standard Hashrate Token if it’s available. If the exchange doesn’t have Bitcoin Standard Hashrate Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bitcoin Standard Hashrate Token), and trade your ETH for Bitcoin Standard Hashrate Token.

Or, if you’d like to learn more about the exchanges we recommend, look at our list of the best crypto platforms in Canada.

How to Buy Bitcoin Standard Hashrate Token (BTCST) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Bitcoin Standard Hashrate Token in the UK, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Bitcoin Standard Hashrate Token if it’s available. If the exchange doesn’t have Bitcoin Standard Hashrate Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bitcoin Standard Hashrate Token), and trade your ETH for Bitcoin Standard Hashrate Token.

Also, check out our comparison of the places where to buy cryptocurrency in the UK If you’re interested in learning more about the exchanges we prefer.

Considering buying Bitcoin Standard Hashrate Token? BTCST Rundown

On December 13, 2020, the Bitcoin Standard Hashrate Token was launched on Binance Smart Chain. It is secured by Bitcoin's Bitcoin hashrate. Each token represents 0.1 TH/s Bitcoin mining power at an efficiency rate of 60 W/TH. In exchange for new BTCST tokens, miners can contribute their computing power to the platform.

BTCST's goal, is to provide liquidity for Bitcoin's mining market. This will enable users to gain exposure to mining rewards as well as hashpower at a low price. The app's ultimate goal is to improve the efficiency and liquidity of the mining power markets.

BTCST token is collateralized by Bitcoin mining power. Holders can stake BTCST to receive daily Bitcoin contributions equal to their staked mining power. BTCST is a token that allows users to mine Bitcoin inside the decentralized finance ( DeFi) ecosystem.

BTCST tokens cannot be issued unless eligible miners decide to tokenize Bitcoin hashrate. The project has not had any public or private sales. The total supply limit is determined by the amount of BTCST tokens that have been staked through the app.

BTCST is based upon the BEP-20 standard. To calculate user rewards, snapshots of total pool balances and user balances are taken every hour. The pool's annual percentage yield and total balance is updated in real time. Tokens cannot be staked in more than one pool at a given time. Users can choose to withdraw their funds and take part in any other pool at any time.

BTCST, a cloud mining platform that is deployed on the Binance Smart Chain, is available. It provides daily payouts, which are processed by a decentralized app ( DApp).

Binance Pool acts as an auditor for BTCST, and ensures transparency and legitimacy. BTCST, an asset protocol, brings Bitcoin hashrate assets into DeFi. It also serves as a foundation to other DeFI trading and lending protocols.

BTCST is managed by a decentralized autonomous organisation ( DAO ). Token holders, miners, and the wider token community collectively decide about material issues related to the project. All votes, proposals and results are recorded and made public on-chain.

Related:

• How to Buy Bitcoin Gold (BTG)
• How to Buy BitShares (BTS)