Last update: Jun 6, 2022

How to Buy Biconomy (BICO)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Biconomy. Depending on your country, you’ll have a few trading platforms to choose from.

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

Let’s get started!

Biconomy

How to Buy Biconomy – 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 Biconomy of course.

2. Sign up with the crypto 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 trading platforms.

4. Buy Biconomy

Now that you have what you need to buy Biconomy, head over to the market or buy section of the crypto exchange and buy some BICO.

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

Where to Buy Biconomy (BICO)

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 Biconomy

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

 

Crypto trading

How to Buy Biconomy (BICO) 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 Biconomy in Australia, the process remains the same:

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

Or, if you’d like to know more about the exchanges we recommend, look at our list of the trusted crypto exchanges in Australia.

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 Biconomy (BICO) 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 Biconomy in Canada, the process remains the same:

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

If you’d like to learn more about the exchanges we like, check our list of the crypto brokers in Canada.

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 Biconomy (BICO) 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 Biconomy 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 Biconomy if it’s available. If the exchange doesn’t have Biconomy. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Biconomy), and trade your ETH for Biconomy.

Alternatively, if you want to know more about the exchanges we prefer, read our list of the bitcoin 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 Biconomy? BICO Rundown

Biconomy a multichain relayer protocol whose goal is to improve user onboarding and transaction experiences on decentralized apps ( DApps). The project's stated goal is to make web3 products as easy and intuitive as web2 products. Biconomy provides an infrastructure that can solve many web3 bottlenecks.

  • Protocols are able to onboard users without having to pay gas fees.
  • Gas can be paid in an token.
  • Users can avoid complicated blockchain issues like a change in network.
  • Transactions are more quickly confirmed.

Biconomy is a transaction management and gas optimization company that can help you reduce your gas costs up to 40%. Meta transactions are used to achieve this. Users can submit transactions with zero gas, and have a third party pay the transaction fees. Biconomy can achieve this feat at scale by providing a gas-efficient, non-custodial relayer infrastructure network.

Biconomy is a unique solution for a common problem within the blockchain space. Decentralized applications can be less seamless than web2 applications for many reasons. Web3 applications, for instance, require gas fees. However, there is no equivalent fee for web2 apps. Although users might not wish to spend their Ether, gas fees on Ethereum are paid in ETH. Onboarding new users can be difficult due to the need for proficiency in using web wallets, signing transaction and understanding the intricacies associated with gas.

Biconomy has a relayer infrastructure network, which is being used by many protocols.

  • Curve Financing uses Biconomy for meta transactions to make BTC deposit gasless. Users can use their BTC to provide liquidity, without having to pay gas to swap them with RENBTC.
  • Perpetual Protocol provides gasless transactions to its traders using the xDAI blockchain thanks to Biconomy. Because the RPC URL is not changed in users' web wallets, they can also benefit from blockchain-agnostic transactions.
  • Decentral Games offers seamless gaming to its users through the removal of gas fees with Biconomy. The in-game currency is the player's and they do not need to have MATIC to make transactions on the Polygon Blockchain that Decentral Games uses.
  • Sapien Network allows gasless transactions and is a social blogging platform. The platform allows new bloggers to transact SPN free of charge.

Related:

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.