How to Buy Basic Attention Token with Credit Card and Debit Card
There are two ways to buy Basic Attention Token with a credit or debit card. One is to convert your currency into Bitcoin, and then convert Bitcoin into Basic Attention Token on an exchange, such as Binance. The second way is to use Changelly which is faster but has higher fees to purchase.
How to Buy TenX Pay Token with Bank Transfer
There are two ways to buy Basic Attention Token with a bank transfer or wire, explained below.
Method 1 - USD/EUR -> BTC -> Basic Attention Token
Step 1: Buy Bitcoin
Coinbase is the most beginner friendly while Coinmama is great for credit or debit transactions as it has higher purchase limits and quick delivery. BitPanda is great (but it only works in Europe) and has a 5% fee on credit or debit purchases. We will use Coinbase in this example. Also, if you purchase over $100 of Bitcoin through the following link, you will receive an extra $10 BTC for FREE! Create an account on Coinbase if you don’t have one already and then add your payment method. Coinbases signup process may take some time, but this ensures security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into 0x on exchanges such as Binance, but for this tutorial we will use Bitcoin.
Fiat to Bitcoin Exchanges
|Coinbase||USA||1.49% - Bank|
|Coinmama||Mostly Everywhere||5.5% Credit/Debit|
After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to a BAT exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.
Bitcoin to Basic Attention Token Exchanges
Step 2: Transfer your Bitcoin
Once you have Bitcoin, you will need to move it to an exchange that has BTC/BAT pairs. Binance is hugely popular due to its intuitive interface and solid customer support. Click the send button on Coinbase as seen in red highlight in the picture below. You will be asked for the recipient’s wallet address. Enter your Binance Bitcoin address, which you can find by going to the “Funds” tab on the Binance navigation bar, then clicking “Balances”. Once on this screen, you will see a list of coins. Scroll down to Bitcoin, and hit the “Deposit” button. Copy the address that appears and paste into Coinbase. Click send on Coinbase, and wait about 30 minutes for your BTC to arrive.
Step 3: Buy Basic Attention Token!
After you send bitcoin to Binance, go to the BTC/BAT trading page and enter a ratio with which you are comfortable. You can look at the order book to get a sense of the current rates. After your order is processed, you will see it in your BAT wallet balance on Binance.
Method 2 - How to Buy Basic Attention Token with Changelly
Step 1: Create an account on Changelly. They have a relatively easy signup process and allow the use of Google, Twitter or Facebook logins to make the sign-up seamless and easy.
Step 2: Upon creating an account, go to the main page as seen here, and use the conversion box to initiate an exchange. In this example, we are going to buy Basic Attention Token BAT with USD.
How to Buy Basic Attention Token BAT with PayPal
Because of Paypal’s chargeback feature, buying Basic Attention Token with Paypal requires one extra step. The exchange VirWoX lets you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Binance as seen in the example above.
Can I Buy Basic Attention Token on Coinbase?
Currently, Coinbase does not sell BAT. If you want to buy BAT, please follow the steps above. You can trade bitcoin for BAT easily on Binance. If you don’t have any Bitcoin, use Coinbase to get started!
Step 4: How to securely store your Basic Attention Token BAT
Basic Attention Token is a coin that runs on the Ethereum Blockchain, which means that it can be stored on myEtherWallet. Basic Attention Token is also easily and securely stored on the highly popular hardware wallet Ledger Nano S!
To start using myEtherWallet, you will need to come up with a secure password. Your password should be at least 9 characters long. After entering a password, click “create new wallet”. You will be taken to this screen where it asks to download a keystore file. A keystore file is an encrypted private key, that gives you access to your funds. Please make a backup of this file, by storing another copy of it on a USB or other storage device. If you lose this, it is very difficult to recover your coins.
After clicking “I understand” it will show you your unencrypted private key. If you prefer, you can print a paper wallet through the website. A paper wallet is a document that contains all the data necessary to access your cryptocurrency, usually containing QR Codes and your private keys.
Next, myEtherWallet will ask you how you would like to access your wallet. You will access the wallet using the newly-downloaded encrypted private key. Click “Keystore/JSON File”, and select the encrypted private key file you just downloaded. Press “unlock” and your public address will be displayed. This address is where you can send your ERC-20 Coins. ERC-20 Coins are any cryptocurrency that runs on the Ethereum blockchain. This includes coins such as 0x, Tron, and Adex.
What is the Circulating Supply of Basic Attention Token?
At the time of this writing, there is a circulating supply of 1 billion BAT. This will eventually reach a cap of 1,500,000,000 BAT.