Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has BTC Standard Hashrate, and is trustworthy!
You can find our top 3 exchanges for buying BTC Standard Hashrate here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy BTC Standard Hashrate
And of course, the final step is to find BTC Standard Hashrate on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy BTC Standard Hashrate (BTCST)
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How to Sell BTC Standard Hashrate
- Sign into the exchange
- Find where you stored your BTC Standard Hashrate, either on a hardware wallet or on the exchange.
- Transfer your BTC Standard Hashrate to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell BTC Standard Hashrate.
Considerations when looking to buy BTC Standard Hashrate.
On December 13, 2020, the Bitcoin Standard Hashrate Token was launched on Binance Smart Chain. Each token represents 0.1 TH/s Bitcoin mining power at an efficiency rate of 60 W/TH. It is secured by Bitcoin's (BTC). Miners can contribute their computing power to the platform in return for newly minted tokens BTCST.
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 you 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. Daily payouts are made by a decentralized app (DApp).