Last update: Jun 6, 2022

How to Buy Basic Attention Token (BAT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Basic Attention Token. Depending on where you’re based, you’ll have a few crypto trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Basic attention token

How to Buy Basic Attention Token – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Basic Attention Token of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Basic Attention Token

Now that you have what you need to buy Basic Attention Token, head over to the market or buy section of the cryptocurrency trading platform and buy some BAT.

If the crypto exchange doesn’t have any Basic Attention Token on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Basic Attention Token first), and trade your Ethereum for Basic Attention Token.

Where to Buy Basic Attention Token (BAT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Basic Attention Token

  1. Sign into the cryptocurrency exchange where you bought Basic Attention Token.
  2. Move your Basic Attention Token to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Basic Attention Token.

 

Crypto trading

How to Buy Basic Attention Token (BAT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Basic Attention Token in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Basic Attention Token if it’s available. If the exchange doesn’t have Basic Attention Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Basic Attention Token), and trade your ETH for Basic Attention Token.

It’s also possible to take a look at our analysis of the crypto exchanges in Australia if you’re curious to know more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Basic Attention Token (BAT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Basic Attention Token in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Basic Attention Token if it’s available. If the exchange doesn’t have Basic Attention Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Basic Attention Token), and trade your ETH for Basic Attention Token.

Also, check out our comparison of the cryptocurrency brokers in Canada for those interested in learning more about the exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Basic Attention Token (BAT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Basic Attention Token in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Basic Attention Token if it’s available. If the exchange doesn’t have Basic Attention Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Basic Attention Token), and trade your ETH for Basic Attention Token.

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the best crypto trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Basic Attention Token? BAT Rundown

The Basic Attention Token (or BAT) is the token that powers a brand new, blockchain-based digital advertising platform. It's designed to reward users for their attention and provide advertisers with a higher return on their advertising spend.

Brave Browser allows users to view privacy-preserving ads and earn BAT rewards. Advertisers can also target ads to increase engagement and reduce losses due to ad abuse and fraud.

The Basic Attention Token is the reward unit in this advertising ecosystem. It is traded between publishers, advertisers, and users. Advertisers pay in BAT tokens for their advertising campaigns. A small percentage of this budget is distributed to advertisers and 70% to users. The intermediaries that can drive up advertising costs are eliminated to increase cost efficiency.

Basic Attention Token was launched in 2017. It came after one of the fastest-selling initial coin offerings ( IICOs). The platform raised a total $35 million in less than a minute. It has since offered its attention-based advertising platform to users across the globe through its Brave Rewards program.

The United States, Canada, and the United Kingdom had the most active advertising campaigns as of November 2020.

The Basic Attention Token's primary purpose is to be used as a payment token to run advertising campaigns through Brave Ads. To launch a campaign through Brave Ads, advertisers must spend at least $2,500 per month. However, a self-serve platform that may have lower limits is in development.

This advertising budget must be paid in Basic Attention Tokens. These can be purchased from a variety third-party exchange platforms. Brave receives a small percentage of the revenue, while publishers and users get the remainder.

Basic Attention Token's and Brave Browser's unique features include the ability to tip users who are not yet members of the network. This includes individual Twitter users as well as websites. To collect tips, these users can register securely to the platform.

Brave Browser and Basic Attention Token have seen significant user adoption since their inception. Brave Browser now has 20.5 million monthly active users, while Basic Attention Token is held by more than 368,000 wallets.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.