Where to buy Biconomy

Biconomy (BICO) is the native cryptocurrency of the decentralized Web3 Biconomy application network. After opening 2022 at around $4.50, the Biconomy token hit a low of $0.35 before bouncing back - some investors are interested in buying the cryptocurrency now that BICO is listed on more cryptocurrency exchanges.

This guide reviews the best places to buy BICO, charts the price action and attempts to forecast the future price of this relatively new cryptocurrency (set to begin trading in late 2021) - as well as an overview of the Biconomy project and its tokenomics.

How to buy Biconomy cryptocurrency

On May 31, 2022, the Biconomy token was launched on the FCA-regulated eToro cryptocurrency platform, which is open to most countries around the world. To invest in Biconomy follow the steps below:

Step 1: Open an eToro account

eToro is the best place to buy cryptocurrencies in terms of fees, SEC regulations and low minimum amounts. Open an account with eToro to start the process.

💳 Step 2: Deposit the funds

When you deposit USD on eToro, there are no fees for using debit/credit cards, e-wallets or bank transfers. The minimum deposit amount is just $10.

🔎 Step 3: Search for cryptocurrency

eToro supports more than 40 cryptocurrency assets. You can use the search bar at the top of the page to find the cryptocurrency you want to buy.

🛒 Step 4: Buy cryptocurrency

Finally - in the "Amount" field you need to specify the size of your investment in cryptocurrencies before you click on "Trade."

In the following sections of this guide, we explain the process of buying Biconomy cryptocurrencies in more detail. 

Where to buy Biconomy token - Best cryptocurrency platforms

Unlike some Web3.0 cryptocurrencies that don't make it to the major exchanges, such as Coinbase, Binance and Crypto.com, Biconomy (BICO) was listed on all three early in its journey, and then more recently on eToro:

1. eToro - Overall the best platform to buy Biconomy

eToro Supports BICO alongside 70+ other cryptocurrency assets, including other Web 3.0 projects, DeFi tokens and metaverse, NFT-related assets, gaming cryptocurrencies and more. It is also a stock and forex broker, having been founded in 2007 in Israel, before cryptocurrencies existed.

eToro is the most regulated cryptocurrency platform in the industry - rivaled only by Bitstamp, although BICO is not yet listed there - being fully compliant with SEC regulations to accept cryptocurrency traders based on the old continent.

where to buy Biconomy BICO

It is regulated by the FCA in the UK, by ASIC in Australia and by other regulators internationally. Its more than 27 million investors have peace of mind that their investments in cryptocurrency tokens are safe.

eToro offers free cryptocurrency education courses and a $100,000 demo account for paper trading before investing in cryptocurrencies with real money, if necessary.

This also supports copytrading - traders can compose their cryptocurrencies by optionally copying the purchases and sales of a pro trader with a positive ROI over the past 12 months, and stopping this at any time. It is also possible to replicate an altcoin smart wallet - eToro's latest proprietary smart wallets are the DAO Crypto offering and another called Scalable Crypto.

buy Biconomy on etoro

Some professional traders on the eToro platform also offer their own portfolios, covering various investment markets, such as gaming companies and oil companies.

One drawback is that eToro does not support leverage trading for cryptocurrencies - only other financial assets (via CFDs, or contracts for difference). It also uses a spread fee structure rather than a broker/closer fee - because of these two aspects, traders may also want to open a second account on Crypto.com or Binance and use eToro for long-term ownership.

On eToro Biconomy staking is not yet available, but users can stak Cardano, Ethereum and Tron.

Buy Biconomy on eToro

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.

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