building the MetaFi ecosystem to bridge the gap between CeFi and DeFi
building the MetaFi ecosystem to bridge the gap between CeFi and DeFi
08 April 2021, 18:04
2 min reading
Learn how to buy Basic Attention Token (BAT) online with fiat like USD through popular cryptocurrency exchanges
There are thousands of cryptocurrencies on the market, but only a few of them are true top-performers. Along with Bitcoin and Ethereum, there is another player that is attracting everyone’s attention. BAT. Basic Attention Coin is the utility token created on the Ethereum blockchain and designed to incentivize users of the Brave Browser.
Why exactly the Brave browser? The matter is that a user gets under immediate surveillance every time they try to access the Internet. Nearly every website and ads use software to identify you and keep track of your every movement on the web.
The Brave browser aims to stop this snooping activity by blocking ad trackers and data-grabbing malware. Therefore, Brave allows you to exploit the Internet freely, anonymously, and with faster content loading. The official website of the company claims that the Brave browser utilizes up to 35% fewer battery resources compared to competitors.
As of 2021, the stable release of Brave available is for iOS and Android, Windows, macOS, and Linux.
In a nutshell, the Brave browser promotes the private use of the Internet by blocking harmful ads and data trackers, bringing control over browsing history back to the user.
As for the price, the Brave Browser is free to install and utilize. You will never pay to use Brave with your money or your private data.
The browser’s beta has 19 different search engines by default, including StartPage, TOR, Ecosia, Qwant, etc.
The browser features the Binance widget, letting users access the Binance.com and Binance.US websites to buy, sell crypto assets, review digital asset balances, and obtain deposit addresses, all within the browser.
What makes Brave an outstanding browser is its Rewards feature. It allows users to earn tokens by viewing privacy-appreciating ads. The creators of online content that appeals to Brave viewers can also receive tokens. This is where Basic Attention Token BAT comes into play.
Once you download the browser, you will be invited to join the Brave Rewards program that is based on the Basic Attention Token BAT. It is a token meant to transform digital advertising by rewarding users’ attention and perking up content creators and privacy-promoting ad publishers.
When you join Brave Rewards, your browser automatically starts counting (in your device’s local storage only) the attention you pay to the sites you visit. Once a month, Brave Rewards will send a certain portion of BAT tokens from your local browser wallet to the sites you have visited, based on your attention to those sites. You can remove sites you don’t want to support and pay the content authors directly.
Content creators can then convert the earned BAT tokens into the currency of their choice.
However, not only content creators can earn BAT cryptocurrency but ordinary Brave users, too. The browser features Brave Ads which incentivize you with a certain amount of Basic Attention Tokens (BAT) every time you view an ad. Brave Ads are shown separately from your web content at a convenient time and guarantee total confidentiality and anonymity of your personal data.
The company intends to issue only 1.5 billion BAT tokens, of which 1 billion will be in circulation. This will prevent inflation and ensure steady growth of BAT price. That way, it makes sense to buy BAT today while its cost is fairly low (nearly 1 USD per BAT) to catch the train.
The Brave browser includes an inner wallet that can be funded with any currency of your choice to convert to BAT to be further used within the platform. But it is possible to purchase BAT tokens without exploiting the Brave browser.
You can easily trade BAT for other coins like BTC or ETH on any online cryptocurrency exchange like Coinbase, Kraken, or Binance.
Being an ERC20 token, BAT tokens can be stored in ERC20 compatible wallets, including hardware wallets like Ledger Nano S, as well as mobile wallets like MyEtherWallet.
To get started buying and trading BAT, you first want to set up a BAT wallet. Your options here will include the Brave browser’s inner wallet, hardware, desktop, and mobile wallets to store your digital finances.
If you are going to buy lots of tokens, you need strongly consider keeping your electronic assets in a secure hardware wallet like Ledger Nano S or Trezor. If you are a rookie crypto trader and consider buying BAT cryptocurrency in small quantities, you can rely on a trusted, secure by design desktop or mobile crypto wallet like Crypterium.
Crypterium is a unique product in the crypto wallet market, offering hard-to-beat extensive functionality to meet all your crypto-related needs. Compatible with both Android and iOS smartphones, Crypterium is all-in-one free cryptocurrency storage, giving you every instrument you need to manage and use your BAT coins. You can trade, send, store, withdraw, and even deposit your electronic resources within a single dashboard of the convenient, user-friendly Crypterium app.
Once you have picked the right crypto storage solution to hold your BAT savings, your next step is finding your wallet address. You will need this address to be able to receive tokens in your wallet. Your address will present a unique line of random letters and numbers, looking like this:
If you have never dealt with cryptocurrency trading before and do not currently own any digital tokens, you need to create an account with an authoritative crypto exchange platform to buy BAT with USD or EUR.
Coinbase is a trusted name in the online exchange industry, serving millions of traders all over the world. Coinbase accepts credit and debit cards and bank transfers as payment methods within the platform, allowing you to buy your first BAT tokens with a national currency like USD. The network also offers you all the tools you may require to get started trading BAT cryptocurrency. Additionally, Coinbase features its proprietary, same-name mobile wallet that can support all ERC-20 tokens, including BAT, as well as other stablecoins like BTC, BCH, ETH.
Or, if you already hold some coins like BTC or ETH, you can trade them on this cryptocurrency exchange to buy BAT.
Many other big online exchanges allow you to trade BAT against fiat or other cryptocurrencies, such as KuCoin, Binance, Gemini, Bithumb.
Despite buying BAT for real money may seem easy, nearly every cryptocurrency exchange will ask you to go through a client verification procedure before they allow you to trade on their platforms. Client verification generally involves providing true photos of your ID documents, email, a couple of selfies, paid utility bills, and other paperwork.
To avoid this headache, you can turn to Crypterium and start buying BAT in a matter of a few seconds. To create an account with the Crypterium wallet, you only need to enter your valid phone number to get immediate access to hundreds of cryptocurrencies and a variety of other essential features.
The Crypterium wallet allows you to fuel your account balance with VISA or MasterCard and commence purchasing BAT and exchanging your digital assets at the best rate at the market. Crypterium implements an AI-powered bid-offer machine that unceasingly monitors crypto prices from the world’s largest 10 crypto exchanges (Binance, Kraken, Coinbase, etc), thus enabling you to pick up the lowest rate for your transaction.
If you already possess some digital tokens, the problem of how to buy BAT is not relevant for you. You can trade your Bitcoin, Ethereum, or any other coin for the buy basic attention token on any online cryptocurrency exchange. Note that such operations often incur fees.
When you have purchased BAT through an online exchange using your bank card, USD wire transfer, or another cryptocurrency, you want to send the bought assets to your wallet. To do that, you need to copy the address from your wallet and paste it in the “destination” field of the exchange or app from where you are going to send your tokens.
That’s all! Now you are an official owner of the Basic Attention Token (BAT) and can trade, sell, exchange, and manage your electronic capital.
With Crypterium, your crypto ownership experience is never restricted. You can perform various operations with your cryptocurrency within a single app. You can buy the desired coin with your bank card, trade and spend your virtual funds, and even take loans using your deposit balance as collateral. Need more freedom with your crypto? Apply for a Crypterium VISA card and use your digital funds with the same easiness as you do with your traditional VISA, across the whole world!