With Web3 now an exciting prospect for the future, many cryptocurrency-hungry investors are looking for the next best cryptocurrency to power the blockchain-based version of the Internet.
As a result, most avid cryptocurrency enthusiasts want to buy a Basic Attention Token before the hype builds around it.
In this guide, we'll discuss the basics of adding BAT to your investment portfolio, as well as reveal the best cryptocurrency broker with the lowest fees.
Where to buy Basic Attention token BAT
The value Basic Attention Token brings to the global digital network has been understood by global investment platforms. Therefore, investors who want to buy Basic Attention Token have more than one option to get their hands on BAT tokens.
Since 2017, Basic Attention Token has improved its Brave browser by adding new features, tempting users to switch to the decentralized browser. As a result, the number of Brave browser users has doubled since 2021, increasing from 24.1 million to 50.2 monthly users.
As Basic Attention Token gains more and more market share, users can buy BAT cryptocurrency on any major cryptocurrency exchange. Below is a list of the top exchanges where you can buy Basic Attention Token BAT.
1. eToro - The best cryptocurrency broker to invest in Basic Attention Token with low fees
Among the hundreds of exchanges where Basic Attention tokens can be traded, our analysis has shown that eToro is the most cost-effective, secure and easy-to-use platform. Moreover, when it comes to novice traders, we endorse trading cryptocurrencies on eToro because the platform is licensed and regulated in top jurisdictions by the SEC, FCA and ASIC.
eToro supports more than 60 cryptocurrencies and makes trading more enjoyable by adding a social trading element. Traders can access the platform, follow experienced day-traders and copy the same real-time trades as high-performing traders with the click of a button.
eToro focuses on the social aspect of trading, which helps cultivate more knowledge through a hands-on approach, sharing ideas and using the platform community to make correct trading decisions.
The platform has more to offer than just the community aspect. For those who want to invest in Basic Attention Token, provides a number of trading tools, already popular in traditional finance, to facilitate trading decisions. Traders can analyze the price formation over a period of time or use mirror-trading to open a position at a similar time as a top trader.
eToro also has a shocking advantage over other market competitors in that it charges no commissions on trading stocks and ETFs. Cryptocurrency trading, on the other hand, has an 1% transparent fee, which is the bid/ask spread. If stocks are traded at a discount, cryptocurrency trading users will pay 1% commission on each sale and purchase - which is already included in the P/L.
Finally, eToro's simple design makes it an ideal platform for newcomers. It offers a lower barrier to entry than most exchanges. It does not charge any deposit commission, regardless of whether the user decides to deposit by credit card, debit, PayPal or other e-wallet options.
Why use eToro :
✔ Social trading functions
✔ No deposit fees
✔ Tight spreads and transparent fees when buying cryptocurrencies
✔ Wide range of supported payment methods
✔ Secure cryptocurrency wallet
✔ User-friendly cryptocurrency app
2. Crypto.com - The most accessible platform for staking, earning and multiplying Basic Attention tokens
As the name suggests, Crypto.com is a one-stop shop for all cryptocurrency products. Investors who purchase the Basic Attention Token can redirect to other blockchain products and enhance their experience with cryptocurrencies.
Crypto.com offers more than 150 cryptocurrency assets for trading, while offering rewards and additional benefits to investors who choose to use more of the platform's products. The exchange has partnered with Visa to introduce the Crypto.com card, which provides 8% users with cash back for purchases made using the Crypto.com cards.
Although the amount of cash back varies, users paying with cryptocurrencies receive their rewards in the Cronos CRO token, the platform's native token.
The platform makes it easier for users to trade on the exchange and introduces a 9-tier system in which transaction fees depend on the volume of trading in the accounts.
For example, investors whose 30-day trading volume exceeds $200 million pay only 0.04% in fees . Alternatively, the standard level is 0.4% for both broker and taker. The platform also offers several deposit methods, but charges a standard deposit fee of 2.99% to 3.99% for credit card deposits.
3. Coinbase - a beginner-friendly way to buy Basic Attention tokens
Coinbase is the most widely accepted cryptocurrency exchange with an easy-to-understand U.I., making it is an ideal platform for beginners, to gain exposure to cryptocurrencies. Regulated by the US Securities and Exchange Commission (SEC) and listed on an exchange, Coinbase has gained widespread acceptance as a safe and secure exchange.
The platform serves as a trustee for Grayscale, a cryptocurrency-focused mutual fund that focuses on institutional investments in cryptocurrencies. Coinbase conveys confidence in the market by being an intermediary for institutions to safely and legally gain exposure to cryptocurrencies.
The platform has focused on educating users about the benefits and risks of cryptocurrencies to facilitate responsible trading and meet the requirements of regulators. Coinbase allows users to making deposits by credit or debit card, bank transfer, and even allows Apple or Google Pay deposits, complying with regulations.
Users can open an account for as little as $2, but this is affected by the transaction fee. Coinbase applies a flat fee for regular deposits, ranging from $0.99 to $2.99. Coinbase charges a transaction fee of 3.99% for credit and debit card deposits, and users can waive transaction fees by choosing Coinbase Pro.
4. Binance - a global exchange with advanced trading features for trading Basic Attention tokens
Binance has established its dominance in the market by creating a trading interface that caters to both beginners and experienced traders.
Compared to the previously described exchanges, Binance has an advantage by offering financial products such as derivatives, futures or margin trading, making trading more dynamic.
Binance is the leading cryptocurrency exchange in terms of daily trading volume. Because Binance is not fully regulated in all jurisdictions, the exchange involves some risk.
Not every product is available worldwide, and Binance strives to comply with country-specific regulations. Nonetheless, Binance still ranks as the number one exchange in terms of daily trading volume.
However, Binance has the largest selection of cryptocurrencies (over 300 assets) and the widest range of trading pairs. Users can make deposits and withdrawals after completing the KYC process.
Credit and debit deposit options are available, but are subject to transaction fees. The platform strongly favors cryptocurrencies, meaning users can deposit and withdraw cryptocurrencies via multiple blockchains.
What is Basic Attention Token BAT ?
Basic Attention Token is a power token Brave, a decentralized web browser that is changing the way users and advertisers interact with each other. Developed based on a protocol Ethereum, Basic Attention Token uses BAT, the platform's utility token, which acts as a unit of exchange between platform users.
Basic Attention Token is a digital advertising platform that uses privacy and selective attention to ensure that users are engaged in the ad experience. The default version of the Brave browser is to limit ads and user tracking.
Since users can opt out of displaying ad campaigns, advertising must pay a premium to those users who agree to include ad campaigns in Brave. Therefore, users can join the Brave Rewards program and share ad profits within BAT in exchange for their attention.
Brave has also enabled its users to reward content creators on the platform through a similar system. Users can exchange BAT tokens, but they can also reward content creators in BAT as a token of their appreciation. This new dynamic for browsers connects users and creators and builds an infrastructure for the creator economy that has been neglected so far in Web 2.0.
The final element is how Brave delivers value to advertisers. The BAT token allows advertisers to purchase advertising space. Since financial rewards motivate users, advertisers are assured that those who watch their ads are more attentive than ads imposed on users. In 2021, more than 8 million users wanted to watch ads on Brave.
While Basic Attention Token is developing a privacy-focused browser, it is also developing new platform features to combine the benefits of Brave with other blockchain products. Brave has released a mobile version of the browser to improve the user experience and open up a new market of rewards for privacy-conscious users. In addition, Basic Attention Token has also released a search engine called Brave Search, which does not track search queries.
Is the Basic Attention Token a good investment?
The value that the Basic Attention Token brings to the digital marketplace is unparalleled, as it challenges the current market standards in which only advertisers benefit from ads, with no rewards given to message recipients. Here are five reasons why you should buy a Basic Attention Token.
Increases the value of the digital economy
The global economy is going digital. Whether we want to accept it or not, companies are devoting more and more time and resources to their digital presence. Creating a decentralized method in which users have the ability to accept or reject advertising campaigns creates a marketplace where attention becomes an asset that can be monetized.
In this way, users' time and attention are no longer taken for granted and can bring new financial opportunities while maximizing the advertising effectiveness of marketers.
Developed by the best in the industry
There is a finite supply
The value of BAT has remained stable with minor price deviations, which are attributed to a period of high volatility in the cryptocurrency market. In addition, there are 1.5 billion BAT tokens available, and all the tokens have already been generated and are currently circulating in the market. Therefore, investors who want to buy Basic Attention tokens are not at risk of falling prices, as there is no longer an influx of assets that could affect the market.
Increases marketing efficiency
Digital marketing is becoming more challenging because current platforms are not effective in targeting ads to users, leading to higher costs.
However, Brave browsers have quadrupled the share of ad revenue compared to 2020. Although the default state of the Brave browser is to block ads, the rewards program generates results for both users and marketers.
Continued expansion of Operation Brave
Basic Attention Token is constantly evolving its ecosystem. Guided by the same ethos of ensuring user privacy, Brave is creating new products that follow the same vision and can be easily integrated into our infrastructure outside of Brave.
Therefore, Basic Attention Token created Brave Search, which does not track or store any search queries. In addition, Brave provided access DeFi i NFT for Brave users to enable decentralized assets that can be easily integrated and used through Brave.
Price of Basic Attention Token
Although Basic Attention Token creates unique opportunities to reward users and creators, the BAT token has not shown significant strength against the market's main denominator, Bitcoin. Investors who want to know how to buy Basic Attention Token should know that BAT has remained relatively consistent during the market turmoil and is currently trading at $0.38, up 4.00% over the past 24 hours.
Basic Attention Token has reached a record high of $1.92, and despite losing more than 70% since that peak, BAT is doing well. Over the past 30 days, BAT has risen by 4.6%, while Bitcoin has fallen by 5.9%. A brief technical analysis shows that the BAT price has broken the trend. BAT broke the sideways trend after forming a triple bottom formation.
Although this may lead to an increase in price, investors who want to purchase Basic Attention Token should know that according to analysts, the next resistance level is at the $0.85 level.
Price prediction Basic Attention Token BAT
Predicting the future price is nearly impossible because cryptocurrencies, especially Bitcoin, operate on social indicators that can tip or inflate the market without much notice.
Cryptocurrencies are not subject to typical technical analysis because the price of a BAT does not correlate completely with the value it brings to the network. Instead, the price in the market is determined by hype and narrative. Therefore, price forecasts are not always relevant for cryptocurrencies.
Instead, investors should support Basic Attention Token if they truly believe in Brave's ability to challenge current market platforms. This applies to any position taken by users, whether it is cryptocurrencies or other assets.
How to buy Basic Attention Token BAT
Users can now easily use cryptocurrencies, as most platforms have adopted cryptocurrencies. So if you want to buy BAT cryptocurrency, here's a breakdown of the most popular payment options.
Buy Basic Attention Token by paying with PayPal
PayPal is an alternative payment platform used by millions of users around the world.
Fortunately, the platform now allows users to buy cryptocurrencies, but options are limited, as you can't just buy a Basic Attention Token with PayPal.
Instead, you can use PayPal deposits on several exchanges that accept PayPal deposits, such as eToro or Coinbase. We recommend using eToro for PayPal deposits because unlike other exchanges, eToro does not charge any fees for deposits.
Buy Basic Attention Token BAT with a credit or debit card
Cards, whether credit or debit, are reliable payment options, especially when users want to invest in cryptocurrencies. Both payment options are regularly available to most exchanges; however, platforms that accept credit cards often add additional fees, making financing more expensive.
If you have both cards on hand and want to invest in the Basic Attention Token, you should know that eToro does not charge any additional deposit fees on credit or debit card payments.
How to Buy Basic Attention Token BAT - Quick Guide
We have discussed the key aspects of why you should invest in a Basic Attention Token, but we have not discussed how to do it. The following tutorial shows you how to buy a Basic Attention Token on eToro in a few simple steps.
Step 1 - Open an eToro account
Register on eToro, by going to the website and clicking the "Join Now" button. Fill in your information by providing a username, entering your email address and creating a password.
For now, you don't have to provide your personal information. If you are comfortable with social media, eToro allows you to register via Facebook or Google. Click "Create an account."
Step 2 - Verification
Because eToro is regulated in the top jurisdictions, regulators require currency exchange platforms to perform KYC verification on every new customer.
First, upload a photo of your passport or ID card and provide proof of address by sending a bank statement or tax letter. Make sure your name and address are visible. After uploading both documents, select "Verify."
Step 3 - Deposit of funds
Press the "Deposit" button to add funds and start trading. First, select the amount you want to deposit. Then choose your preferred deposit method. eToro has a lower deposit threshold and allows users to deposit as little as $10. Finally, select "Fund your account" to finalize your deposit.
Step 4 - Search for BAT
Type BAT in the platform's search bar, then click "Trade" to open the trading screen.
Step 5 - Buy BAT
Now you are closer to buying BAT than ever. In the main field, add the amount of capital you want to invest in BAT and press "Deposit Now."
The purpose of this guide was to present the Basic Attention Token in such a way that every trader can make an informed investment decision. We described in detail the platform's use cases, how it fits into the global market, and which exchange is suitable for novice traders.
If you are convinced of the value of Basic Attention Token and are ready to invest in BAT cryptocurrency, you can register on eToro and use the copytrade option of professional traders when investing in Basic Attention Token.
The views and opinions expressed here are solely those of the author and should not be taken as financial advice either. Every investment and transactional activity involves risk, so you are advised to do your own research when making any trading, investment or financial decisions.