Where to buy Basic Attention Token(BAT) if you are planning to invest in this crypto? This guide explains the best places to buy BAT tokens in detail!
Cryptocurrencies together with blockchain technology have been flooding the markets with new liquidity over the past decade. As a result, traditional investors and other trend-seeking individuals were left behind and are currently suffering from FOMO.
When the internet really took off about 20 years ago, it firstly disrupted traditional media channels(like tv, news, and magazines). Moreover, this trend of online disruption has never stopped resulting in the launch of Bitcoin in 2009.
Back then Bitcoin was just a brand new technology that can send value(BTC) across borders in a trustless way. After the definite breakthrough of Bitcoin in 2013, it didn’t take long before blockchain technology expanded its options with the birth of Ethereum.
In fact, Ethereum took this interesting technology to another level by introducing smart contracts in a decentralized way. Since then many new tokens(ERC20) appeared on their rapidly expanding blockchain network.
One of these interesting tokens is Basic Attention Token(BAT) which is closely related to Ethereum. This guide in the best places to buy BAT tokens I’m going to share with you finding the most trusted exchanges. Also, it gives you some deeper insight into the project.
Best Places to Buy Basic Attention Token(BAT): Quicktake
In short, below is a consolidated list of the best places to buy Basic Attention Token(BAT) cryptocurrency. For ease of use, I have chosen exchanges that are reliable, secure, and offer high liquidity.
- Binance – World’s most popular cryptocurrency exchange with almost zero fees
- Kraken – US-based exchange that offers the most fiat trading pairs(AUD, EUR, USD, GBP)
- Kucoin – Cryptocurrency exchange with the most crypto holders on the platform
- Bitfinex – One of the eldest in the list and mainly targetted professional traders
- Bittrex – Reliable crypto exchange that is specialized in crypto spot trading
Short history of Basic Attention Token(BAT)
What is Basic Attention Token?
As stated above, Bat token is closely related to Ethereum. The mission of the BAT team is to create an ad exchange marketplace that will connect the advertisers, publishers, and users in a decentralized manner.
Moreover, this blockchain project uses its network to monetize user attention and remove all the other needless expenditures related to ad networks.
What is the problem
The advertising system as it functions today on the web is a little bit broken. Currently, internet space is full of middlemen and fraudsters looking for a quick win.
A good example is the fake advertisements on Facebook using famous people’s pictures to let people invest in Bitcoin. In the end, the users of the web are paying the price and also can’t protect their privacy properly.
The solution of Basic Attention Token(BAT)
To tackle this problem, Basic Attention Token comes with a solution to take the user back in control of their private data. As a result, Brave browser was launched, which is a totally new web browser.
In fact, this private-friendly browser is already available and you can download it here. Brave is a fast, open-source, privacy-focused browser that blocks ads and trackers, and contains a ledger system that anonymously measures user attention aggregate to accurately reward publishers.
Not surprisingly, the token used within its browser is the BAT token.
The BAT token takes care of the following:
- Serves as a unit of exchange by cutting out the middlemen
- Rewards users, publishers, and advertisers.
- Users get paid for giving attention to ads.
- Publishers get a portion of the ad revenue as is the norm.
- Advertisers get better ROI for their content.
The Brave browser is already highly used among crypto enthusiasts and in early 2019 it hit a record with more than 20 million downloads on Android. Furthermore, BAT token is one of the few blockchain projects out there that actually has a working product.
Where To Buy BAT with fiat currency?
First of all, buying a cryptocurrency like BAT isn’t that hard anymore, especially if you compare it with buying cryptocurrency 5 years ago. Even though, buying BAT token with fiat can still be a real bummer if you don’t like to give all your personal details(passport or driver’s license) upfront.
Basically, Changelly allows anonymity for its users and also acts as a bridge, narrowing the gap between users and major cryptocurrency exchanges. Because it does not require any verification, it is available worldwide with no geographical restrictions or limitations. How does it work?
Buying Basic Attention Token(BAT) with Changelly
It is important to realize that Changelly isn’t a platform that uses custodian wallets like Binance or Kraken to store your cryptocurrency. As a result of this, you should have a local wallet installed on your desktop or mobile phone.
- Install a multicurrency wallet like Atomic
- Go to the Changelly platform
- Choose ‘Buy’ and give the amount in fiat(USD or EUR)
- Give your country and state and choose ‘Buy BAT now’
- Choose the offer you prefer and also the way you like to pay(VISA, Mastercard, Apple Pay, or Bank transfer)
- Afterward, the crypto will be sent to your wallet instantly
What is the Fastest way to get Basic Attention Token(BAT)?
If you are in a real hurry to acquire some new BAT and don’t bother much about extra fees then there are two options available. The best place to buy BAT depends a little on this situation. Particularly there are two scenarios: you already own some cryptocurrency or you want to buy with fiat currency.
In the first option, you already own some Bitcoin, ETH, LTC, or any other cryptocurrency. The next step is to use Changelly(platform explained above) and convert to BAT right away. This is pretty straightforward and very quick.
Moreover, and maybe even better, you already have an account at Binance or Kraken. Suppose you have some BTC at Binance then the next thing to do would be to use the ‘Market buy’ option. You can find this in the upper menu choose ‘Trade’ and you can buy BAT tokens right away on the BAT/BTC pair.
The second option is a little more complicated as you want to buy Basic Attention Token with fiat currency instantly. Therefore, I would use the Changelly platform and follow the steps explained above.
What is the Safest place to buy BAT Cryptocurrency?
In my opinion, if you really want to be safe from hackers or scammers, buying or trading BAT tokens at a centralized platform like Binance isn’t the best way. Additionally, you should also realize that you want to invest in Basic Attention Token for the long run.
If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.
Also, if you want to buy or sell, you can use the built-in exchange that is available in the app on the device. Remember that trading with the device comes at a cost as you are using a third party(Coinify) for the transactions.
Where Can I Buy BAT Token in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) BAT tokens can be traded or bought on Kraken and Coinbase.
Best Platforms to buy Basic Attention Token(BAT) : Comparison
This comparison guide provides an overview of places to buy BAT tokens that is reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security. Also, I think it’s important to know that all exchanges are accessible from almost anywhere in the world.
|Platform||Maker fees||Taker fees||Rating||Guides|
|Binance||0.075%||0.075%||Binance trading guide|
|Kraken||0.16%||0.26%||Kraken trading guide|
|Kucoin||0.10%||0.10%||Kucoin trading guide|
|Bitfinex||0.10%||0.20%||Bitfinex trading guide|
|Bittrex||0.25%||0.25%||Bittrex trading guide|
Best Cryptocurrency Exchanges that offer trading BAT token
Next in this guide, I’ll deep dive into the different platforms that offer to trade in BAT cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
First, there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert, and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 😄.
BAT Cryptocurrency trading pairs on Binance
Another popular place to buy BAT tokens is Kraken. Additionally, it’s one of the most reliable and safest cryptocurrency exchanges out there and has been around for a while already.
Founded in 2011, Kraken is a US-based cryptocurrency trading platform available in 48 US states and 176 countries. Also, because of its safe reputation, the exchange data is being used as a ticker(BTC/USD) on the Bloomberg terminal.
The Kraken platform specializes in offering Bitcoin trading services for the beginner as well as the professional trader. Besides trading in digital assets, it’s also possible to store your crypto in custodian wallets, crypto lending services, and staking cryptocurrencies.
Spot trading cryptocurrencies gives you a fee of 0.16% and this value decreases when USD volume rises. Additionally, margin trading is even cheaper where the rate is set to 0.01%.
BAT Cryptocurrency trading pairs on Kraken
Compared with the centralized exchanges above, Kucoin is probably a modern platform for trading any cryptocurrency. This platform founded by a group of cryptocurrency enthusiasts from Asia aims to offer comfort and security to your mighty assets. Kucoin which was launched in May 2017, has its headquarters in China despite the difficult climate towards cryptocurrencies performed by the local government.
One of the remarkable policies this centralized trading platform has is its liberal sign-up policy for new users. Signing up at this platform can be done with just e-mail and mobile phone which speeds up the process of buying BAT crypto in a fast way.
Besides trading, Kucoin offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
BAT Cryptocurrency trading pairs on Kucoin
Is Kucoin a good place to buy BAT token? Below the options you have to acquire BAT here:
BitFinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.
Bitfinex is very popular among professional traders because of its high trading volumes and the possibility to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
BAT Cryptocurrency trading pairs on Bitfinex
Last in the list of best places to buy BAT tokens is Bittrex. Since the beginning of the crypto era, Bittrex has been around and gained much trust along the way.
Bittrex has one main service it provides which is its trading platform. The platform lists a wide variety of currencies and allows for standard spot trading orders to be executed. Particularly, I have Bittrex added to the list, because they are very reliable on the BTC spot trading pair.
The current trading engine seamlessly glues together automated trading features. For instance, stop-loss, good ’til canceled (GTC), an instant buy or sell, with all the standard technical charting tools a trader needs. Also, if you are a US resident trader, this is another good place to start trading cryptocurrency.
BAT Cryptocurrency trading pairs on Bittrex
To enumerate, Basic Attention Token is still a blockchain project with huge potentials. Especially, as they are trying to solve the privacy and advertising problem that exists today on the internet where the FAANG companies(the big five) like Facebook and Google are in full control.
Furthermore, buying crypto like Basic Attention Token has become easier these days if you compare it with trading cryptocurrency a few years back. Especially BAT token should be available for anyone on the globe without any restrictions. Therefore, by showing you the best options in this guide, I hope you have given you a clear view of what Basic Attention Token is all about and what the best places are to buy this cryptocurrency.
The following articles might also be a good read for you:
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- What is the Best Way to Invest 1k in Crypto?
- What are the Benefits of Binance Trading Platform?
- Top 5 Do’s and Dont’s of Cryptocurrency Wallets
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