nn

ernests embutnieks blog

Recent Posts

Where and How to Buy Basic Attention Token in 4 Simple Steps

Since I talk a lot about and have written about Brave Browser and occasionally mention Basic Attention Token(BAT), there are a couple of people who have asked me How To Buy Basic Attention Token(BAT).

Obviously, if you are looking how to buy BAT, you’re not interested anymore for me to explain what it is and how it works, so I’ll just cut to the chase.

Buying Basic Attention Token(BAT) has gotten a lot simpler since it partnered up with Coinbase. Learn How to Do it in 4 Simple Steps. Signing up through my link will get you a $10 Bonus

Step 1 – Create an Account at Coinbase

Go to – Coinbase

I suggest you use my link. If you signup through my provided link we both will get $10 bonus if you deposit at least $100 in your account. Of course, you can signup without my link as well. Up to you.

Fill out all the necessary details – name, last name, email, and password, verify that you’re older than 18-years-old and you’re good to go.

buy bat crypto in coinbase

Step 2 – Verify Your Account

After you created your account you will need to verify your email address your phone number and even your ID. Coinbase might ask you to even take a selfie with your ID.

Why do you need to verify your account? To prevent you from fraud and keep the Coinbase community safe. Simple as that.

After you have done that I suggest you go to the Coinbase Settings and fill out all the missing fields. I definitely recommend that you turn and 2FA(two-factor-authentication) just for your own security.

Step 3  – Add your Credit Card

Go to Coinbase linked account and add your Credit Card & also add your Bank Account so you can withdraw your money if that’s ever necessary. Coinbase might ask you to verify that you’re the bank account owner by transferring $0.01.

Step 4 – Buy Basic Attention Token

It’s time to buy BAT. Now that you have done all the steps, it’s time for the final step and buy Basic Attention Token. Which is the reason why you came here in the first place?

how to buy basic attention token at coinbase

Go to Coinbase Buy/Sell section pick which cryptocurrency you want to buy, in this case, obviously – BAT. Pick your Payment Method, which you added on Step 3, and choose the amount you’re willing to spend on BAT crypto.

Simple as that. Now you should have Basic Attention Tokens in your Coinbase Account.

Overview

Also, I need to mention that I’m not a financial advisor and this is not a piece of investment advice. Investing in cryptocurrency is still considered risky. Don’t invest more than you can afford to lose. Be careful and always do your own research.

Thanks for reading – How to Buy Basic Attention Token, I hope it was helpful and readable.

Remember my blog is monetized with affiliate links, meaning if you signup through Coinbase through my link we will both get $10 commission if you invest at least $100 in cryptocurrency.

Also at the end of the post, it feels like the post is more about how to create an account at Coinbase rather than how to buy BAT. That was not the purpose, it’s just I believe that’s currently the easiest way to buy Basic Attention Token, there’s are also other ways to do that but that might be a little hustle.

Sign up for Coinbase

 

Where to store your Basic Attention Token(BAT)

After you bought your BAT, you may now ask yourself how you can store your coins safely. At the end of the day, Coinbase is just another exchange and the question raises – is it safe to store your cryptocurrency there? Even though Coinbase security is considered extremely high, your investment isn’t protected. In case of a hack, you rely on the companies integrity. This is the reason why you should always keep your crypto offline. Better be safe than sorry, don’t learn it the hard way.

I would recommend two hardware offline wallets:

Ledger Nano S

ledger-nano-s

Trezor

trezor-wallet

Hardware wallets are a great option if you’re serious about security. Hackers would have to steal the hardware wallet itself, but even then, it can be protected with a PIN code. Don’t worry about your hardware wallet getting stolen, lost or damaged either; so long as you create a secret backup code, you can always retrieve your coins.

Note: Please purchase hardware wallets from the original source. Hardware wallets bought off Amazon, eBay or from other online vendors cannot be guaranteed secure.

Alternatives to Coinbase

Coinbase is not the only place where you can buy BAT of course, as you can imagine.

Here’s a couple of other options you can choose from where to buy BAT:

Changelly

changelly-coinbase-alternative

 

 

 

 

Changelly is a little bit different. It definitely categorizes in coinbase alternatives. It’s just they have taken a bit different approach, I would say it’s more difficult, but it’s definitely different a little less beginner friendly as their competitors – Coinbase. What I mean by that is that you can’t actually store your coins on changelly you will have to create a Bitcoin or Ethereum wallet depending on which coins you want to buy. Don’t get me wrong, it’s a great exchange, it’s only a little different and you might say a bit more complex for beginners, still highly trustworthy service with multiple million users. So if you have a wallet and you are already a little advance crypto trader, go ahead, if it’s your first time buying Bitcoin/BAT I would suggest a different exchange.

Security – Security is on its level. They allow 2FA.

Wire Transfer – No. They don’t accept wire transfers.

Buying Bitcoin & BAT with Debit Card/Credit Card – Check and Check. You can buy Bitcoin and Basic Attention Token with Credi Card

Fees – High. If you want to buy bitcoin/BAT with a card the fee is ~ 5%. On the other hand, if you want to exchange Bitcoin for another altcoin the fees are a lot friendlier.

Geographics – All of the countries are allowed. Although you’re only allowed to make a transaction in USD or EUR.

Summary –  Changelly is excellent if you don’t want to do anything with trading and just HODL your BAT. You can easily exchange your bitcoin/ethereum to any altcoin and send them right back to your wallet(in this case basic attention token). It’s great that there aren’t any geographical limitations. It’s your pick.

Uphold

uphold-alternatives-where-to-buy-bat

 

 

 

 

Uphold is also, Basic Attention Tokens preferred wallet. For those who don’t know, if you’re getting rewards from Brave by watching ads or earning commission by referring other people to the browser all the BAT you earn will go to the uphold wallet. Without further ado, if you like to buy Basic Attention Token through Uphold, you will need to signup and add your credit card, verify your personality and you’re good to go. You can also hold your BAT there unlike Changelly. You can buy not only BAT but also Bitcoin, Ripple, Dash, Ethereum, etc.

Security – Security is top notch. They allow 2FA.

Wire Transfer – Yes.

Buying Bitcoin & BAT with Debit Card/Credit Card – Check and Check. You can buy Bitcoin and Basic Attention Token with Credit Card and even more.

Fees –Bank transfer: None, Bitcoin: None, Credit/debit card: 3.99%

Geographics – allowed in all the countries, there are no restrictions listed.

Summary – Simple to use, with multiple Cryptocurrencies to buy. Credit Cards and Bank Transfers available. Available to store your tokens & coins on the platform. Partnership with Brave gives them extra credibility.

Binance

binance-exchange

 

 

 

 

Binance is the most popular crypto exchange around the world. Guess what? They quite recently added a new feature. Now it’s an exchange where you can also buy Bitcoin and other altcoins. So just to be clear, you won’t be able to buy BAT directly, but you can buy Bitcoin, Ethereum, Litecoin directly and exchange it later for Basic Attention Token.

Security – Security is top notch. They allow 2FA.

Wire Transfer – No.

Buying Bitcoin & BAT with Debit Card/Credit Card – Yes. Only Bitcoin.

Fees –only 3.5% per transaction or 10 USD, whichever is higher.

Geographics – there are a couple of restricted countries and states, more – here.

Summary – Simple and very friendly user interface with a mobile app. If you decide to go with Binance you have to understand that you will have to buy Bitcoin, Ethereum, Litecoin, etc. First in order to buy BAT. Piece of advice – if you’re planning to HODL, transfer your coins and tokens to a more secure wallet. Don’t get me wrong, Binance is trustworthy, but you should always keep your assets on your personal wallet.

Shapeshift

where-to-buy-bat

 

 

 

You can’t hold and store your tokens and coins at ShapeShift it’s more of a trading platform, so in order to buy BAT, you will have to buy Bitcoin and exchange in the platform. Long story short – you will need a wallet on another platform so you can transfer your tokens to it after your exchange.

Security – Security is on its level. They allow 2FA.

Wire Transfer – No. They don’t accept wire transfers.

Buying Bitcoin & BAT with Debit Card/Credit Card – Yes.

Fees –only 0.5% for crypto to crypto transaction.

Geographics – no restrictions.

Summary: If you are a hodler and just would like to exchange your Bitcoin, Ethereum, Litecoin, etc. for BAT, then Shapeshift is perfect. A simple transaction with a 0.5% fee and you can keep on living your life with BAT in your wallet.

Also, I’ve left shameless affiliate links all around the post and if you signup for Coinbase, Binance I’ll get a small commission, so much appreciated if you choose to go that way.

Here are a few hand-picked articles you should read next:

Brave Browser Review – Details & Features. How Good Is It?
How to Choose the Best CryptoCurrency Exchange

Sometimes Marketing is More Art Than Marketing. A lot of People Don't Get That.

Leave a Reply