Last update: Jun 6, 2022

How to Buy BitShares (BTS)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy BitShares. Depending on where you’re based, you’ll have a few cryptocurrency exchanges to choose from.

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

Let’s get started!

Bitshares

How to Buy BitShares – 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 BitShares 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 trading platforms.

4. Buy BitShares

Now that you have what you need to buy BitShares, head over to the market or buy section of the crypto trading platform and buy some BTS.

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

Where to Buy BitShares (BTS)

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

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
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 BitShares

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

 

Crypto trading

How to Buy BitShares (BTS) 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 BitShares in Australia, the process remains the same:

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

It’s also possible to take a look at our analysis of the easiest crypto exchanges in Australia If you’re interested in learning more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy BitShares (BTS) 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 BitShares in Canada, the process remains the same:

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

It’s also possible to take a look at our analysis of the best bitcoin exchanges in Canada for those curious to know more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy BitShares (BTS) 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 BitShares in the UK, the process remains the same:

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

Or, if you’d like to know more about which exchanges we recommend, look at our comparison of the best crypto trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying BitShares? BTS Rundown

BitShares is a decentralized platform that provides a more efficient global network for payments. It is used to securely trade cryptocurrencies without intermediaries.

It was initially launched under the name ProtoShares in July 2014. However, it was rebranded as BitShares (BTS), less than one year later.

The BitShares (BTS token) is the platform's power. This native utility token can be used to create smartcoins called "BitAssets" which can have many parameters and can represent almost anything, such as reward points and collateralized fiat-pegged coins.

BitShares is managed by a decentralized autonomous firm (DAC) that allows BTS token holders the ability to make decisions about the future of BitShares and which features will be added next.

It is based on Graphene, an open-source blockchain application that can process up to 100,000 transactions per minute (TPS). This makes it faster than VISA and MasterCard combined.

BitShares is currently in the midst of a relaunch and will undergo many major changes going forward.

BitShares' most distinctive feature is its integrated decentralized cryptocurrency trading platform ( DEX). This allows users to trade both regular cryptocurrencies and more traditional financial instruments (via BitAssets), without the need for middlemen.

BitShares is frequently referred to as the first DeFi capable Blockchain.

BitShares, as we have already mentioned, uses distributed autonomous companies to create a self-governing and self-financing ecosystem. This allows BTS holders to establish the business rules that govern BitShares ecosystem via a secure proposal process and voting.

BitShares is one of few platforms that completely eliminates addresses. It uses simple memos to identify users and makes it one of the most accessible crypto platforms. It also features a popular referral program, which is used to encourage the growth of the network through the distribution of upgrade fees among referrers to BitShares.

It is the first blockchain to use self governed delegated proof of stake ( DPoS) technology. Additionally, transactions take less than three seconds. This makes it one the fastest currently operating blockchains.

The BitShares platform was subject to a hard fork in September 2020. This led to the creation New BitShares, a derivative project that is not associated with the original BitShares. BTS holders received NBS tokens in a 1:4 ratio as a result.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.