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.
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.
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.
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.
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.