How to Buy Basic Attention Token (BAT) in 2022: A Simple Guide

Basic Attention Token (BAT)In this guide you’ll get information about where to buy Basic Attention Token, if you are planning to buy BAT token – You’re in the right place!

BAT is an ad exchange program and a utility token integrated into the Brave web browser which is open-source and decentralized. It is run on the Ethereum blockchain which makes the program unique. Currently, the team of BAT is trying to expand it into other famous, mainstream web browsers.

BAT was found by Brendan Eich, the American technologist who also co-founded Mozilla project. It was later developed by the Brave Software. BAT aims to evade any frauds or middlemen that often become unsolvable issues in the traditional digital advertising methods. It includes the protection from hacks and scams. In short, BAT creator has a clear vision to create an ecosystem beneficial to advertisers, users, and customers by eliminating any discomfort while using the web.

Basic Attention Token (BAT) Features

  • Brave Shield. This feature allows Brave to block all unnecessary trackers and ads by default. Besides, it measures user attention anonymously using a built-in ledger system aiming at enhancing users’ advertising experience. The feature does this by calculating the amount of time users view each advertisement and the number of pixels they can see.
  • In-device machine learning. This tool is used to match advertisers with any relevant content. It comes with feedback mechanism ensuring that users only receive advertising for products they are interested in. These data are encrypted and stored only on the device and the users’ identities are fully protected.
  • Brave ads feature. By turning on this feature, anyone using the browser can get paid in BAT as they have spent their time watching the advertising.
  • Brace Rewards Feature. Anyone using the browser can divide up their chosen monthly BAT token automatically between each visited site by turning on the Brave Rewards Feature.
  • Browser Reward Panel. Through this panel, users can tip their favorite content directly instead of clicking the tip button on Twitter, YouTube, Reddit, or other sites.

Where to Buy, Sell and Trade Basic Attention Token aka BAT

You can basically use debit card, credit card, or even PayPal to buy the Basic Attention Token (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Basic Attention Token as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Basic Attention Token. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Basic Attention Token currency and exchange your Ethereum or Bitcoin with the Basic Attention Token
  3. Store your Basic Attention Token to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Basic Attention Token, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Basic Attention Token:

GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions. Gate.io crypto exchange allows users in 49 states within the US to trade the spot crypto market except for Washington State and New York State.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+
KUCOIN
kucoinKucoin is one of the most solid exchanges in the market right now. They started to operate back in 2017. They take regular payment methods such as wire and bank transfers as well as other cryptocurrencies. They have a presence both in the Google Play Store and the iOSAppStore. Kucoin also offers discount trading fees, as well as significant dividends on half the transactions they do. They have a presence both in the Google Play Store and the iOSAppStore.

  • Deposit Methods: Cryptocurrency, Express Polish Post Office 24/7, Wire transfer, GBP bank transfers
  • Fiat Currencies: USD, EUR, PLN, GBP and 47+ More
  • Supported Cryptocurrencies: BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 512+ more
  • Trading Pairs: 1044+

IMPORTANT! Once you are registered to any of the above, find the BTC/BAT or ETH/BAT trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Basic Attention Token (BAT) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Basic Attention Token (BAT) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Basic Attention Token. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Basic Attention Token (BAT) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Basic Attention Token (BAT) with Skrill?

You can’t buy BAT directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Basic Attention Token. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Basic Attention Token (BAT) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/BAT and begin the transactions.

Can I Buy Basic Attention Token (BAT) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/BAT trading pair.

What Is the Best Payment Method to Buy Basic Attention Token (BAT)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Basic Attention Token right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Basic Attention Token (BAT)?

Once you have purchased the Basic Attention Token, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell Basic Attention Token (BAT)?

Find a crypto exchange which allow pairing BAT with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Basic Attention Token (BAT) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Basic Attention Token is to buy it from a reliable exchange.

Conclusion

The well-being of digital marketing depends on the advance security and a tool like BAT has an admirable intention of reducing and eliminating scam, ill intent, and other online frauds. In other words, BAT is one of the possible solutions relevant to the digital marketing communities. Until today people have suffered from hackers and scammers every single day. It seems that BAT will be a true messiah in the industry of digital currency trading and online shopping.

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