Take control of your Bitcoin Gold assets with complete confidence in the Trezor ecosystem.
Manage your Bitcoin Gold with your Trezor hardware wallet synced with several wallet apps.
The best defense against both online and offline threats
Absolute control of every transaction with on-device confirmation
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Bitcoin Gold hopes to change the paradigm around mining on the Bitcoin blockchain. According to the founders, the Bitcoin blockchain has become too centralized. Large companies with huge banks of mining computers now mine the vast majority of Bitcoin. For the founders of Bitcoin Gold, having large companies control the Bitcoin network defeats the purpose of a decentralized ledger and peer-to-peer currencies. In response, they’ve initialized the Bitcoin Gold project. It’s an alternate fork of the Bitcoin blockchain that implements changes that make mining more equitable.
The goal of Bitcoin Gold is to create a network where anyone can become a miner with only basic hardware. As a result, Bitcoin Gold mining would be spread among many miners, instead of a few large companies.There have several features such as decentralization. Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash-BTG, which cannot be run on the specialty equipment used for Bitcoin mining (ASIC miners.) This gives ordinary users a fair opportunity to mine with common GPUs. Besides, there have fair distribution. Hard forking Bitcoin’s blockchain fairly and efficiently distributes 16.5 million BTG immediately to people all over the world who have interest in cryptos.
Other methods, such as creating coins with a new genesis block, concentrate ownership within a small group. There also have a replay protection. To ensure the safety of the Bitcoin ecosystem, Bitcoin Gold has implemented full replay protection and unique wallet addresses, essential features that protect users and their coins from several kinds of accidents and malicious threats. Most new mineable cryptocurrencies involve ASIC-resistant hashing algorithms, and it’s becoming something of an industry standard to promote decentralization. In that respect, Bitcoin Gold holds a lot to be excited about. At its core, it’s about transitioning the <a href="https://www.coingecko.com/en/coins/bitcoin">Bitcoin</a> network to more decentralized mining.
However, as we saw above, there’s not much evidence that the current Bitcoin mining system is broken. There have been some small complaints, and it’s not ideal that the network is so centralized. Nevertheless, miners on Bitcoin have a lot to lose if they wield their power too aggressively. There are also new entrants to the Bitcoin mining community that are decentralizing control from a few key ASIC farms. The general consensus from Bitcoin experts is there’s not enough new in Bitcoin Gold to warrant an independent investment. While it certainly doesn’t hurt to hold onto your free BTG that you receive as a result of the fork (if you owned Bitcoin before Oct 24), wait until the dust settles before deciding whether to buy more."
Trezor users can buy BTG securely via the “Buy & sell” tab in the Trezor Suite. Enter the amount (fiat currency) you want to spend on BTG, select a compatible exchange provided by Invity.io, and then follow the necessary steps to complete the purchase.
Trezor users can sell BTG easily by opening the Trezor Suite and navigating to the “Buy & sell” tab. First, enter the amount of BTG you want to sell, then choose a compatible exchange from the options provided by Invity.io. Finally, follow the prompts to complete the sale. It's a simple and secure way to manage your BTG transactions.
A Bitcoin Gold (BTG) wallet is a tool that allows you to securely store, send, and receive Bitcoin Gold cryptocurrency. It holds your private keys, which are essential for accessing and managing your BTG.
If you own a Trezor hardware wallet, such as the Trezor Safe 3 or Trezor Safe 5, you benefit from top-tier security. These devices ensure your private keys are kept offline, protecting them from online threats like hacking. Currently, Bitcoin Gold is natively supported in the Trezor Suite app, allowing you to manage BTG easily while benefiting from Trezor’s renowned security features.
Note: as of February 2025, Bitcoin Gold will no longer be supported in Trezor Suite. Please transfer your funds before this change takes effect.
Trezor hardware wallets support BTG. Along with the Trezor Suite app, you can manage your Bitcoin Gold easily and securely.
However, as of February 2025, native BTG support in Trezor Suite will end. After this change, you can still use your Trezor hardware wallet to manage BTG, but you’ll need to pair it with a third-party wallet that supports Bitcoin Gold.
While the Trezor Suite app will no longer support BTG, your Trezor devices will continue to protect your private keys offline. This means you can use any compatible third-party wallet to interact with your BTG while relying on the superior security of your Trezor hardware wallet.