How & where to buy Basic Attention Token (BAT) online

The Basic Attention Token is a cryptocurrency that’s part of a movement to revolutionise online advertising. This guide teaches you all about it and explains where to buy the tokens.
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Updated: May 11, 2023
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This beginner’s guide to the Basic Attention Token goes through everything you need to know about the cryptocurrency. Learn how it works, what its ultimate goal is, and find out about its prospects for the future.

What are the best exchanges to buy Basic Attention Token on?

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To buy cryptocurrency right away, use one of the brokers below. These are some of the best brokers around, all reviewed and approved by our team of crypto experts. If you aren’t ready to dive in just yet, then keep reading to learn more.

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How to buy Basic Attention Token online – a step-by-step guide

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Step 1. Find an exchange

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There are lots of crypto exchanges that offer Brave. Each one comes with its own unique set of features and you should take some time to pick one that suits your style. There are exchanges for beginners that feature lots of hand-holding, right up to much more advanced platforms that offer an array of features for experienced users. Here are two of the best ones:

  • Binance: Binance is the the largest exchange platform in the world. It has hundreds of cryptocurrencies and even more different ways to swap between them. There is a vast amount of learning material on there as well. Sign up for Binance now >
  • ChangeNOW: ChangeNow is a registration-free exchange and acts like a comparison site that lets you see the prices from a range of other exchanges in order to get the best value. Join ChangeNow >

Step 2. Sign up and fund your account

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In order to use an exchange you have to create an account. Most platforms require some form of photo ID, along with a few contact details, to verify your account.

You often have to pay a deposit fee when you transfer money into your account and it varies depending on the method you choose. The cheapest options are almost always a bank transfer or debit card, while credit cards can be more expensive and deposits from other payment providers, like PayPal, either cost a lot more or aren’t available at all.

Step 3. Purchase

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Find the Basic Attention Token by searching for its ticker symbol, BAT, when you’re logged into your exchange account. Then choose one of the coin swaps from the list of results, enter the amount you want, and execute the trade.

The exact swaps available depend on the exchange. You can swap a fiat currency like USD or EUR for the Basic Attention Token, but it isn’t available everywhere and some exchanges only offer it in a swap for other cryptocurrency. In that case it’s a good idea to learn how to buy Bitcoin first and then exchange that for BAT.

Step 4. (Optional) Get a suitable wallet

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The last decision to make is about how to store your new coins. You can leave them in the exchange but for more security a cryptocurrency wallet is best. A wallet is like a banking app that protects your coins behind a password and that you can use to move money around. Here are two top wallets:

  • CoolWallet: CoolWallet is a hardware wallet that comes in the form of a card-like device. It stores your coins offline to keep them safe but comes with an app that you can use to manage them via a bluetooth connection. Join CoolWallet today >
  • KeepKey: KeepKey is another hardware wallet, this time shaped like a USB stick. You can access the coins by plugging the device into your computer but it’s defining feature is the ability to buy and sell tokens straight from the wallet itself. Sign up for KeepKey now >

How to trade Basic Attention Token – a step-by-step guide

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Step 1. Find a broker

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To trade cryptocurrency you want to find a broker that charges low trading fees. One of the traits of successful traders is making a lot of moves, with the idea of making a small profit on each that builds up over time. Low trading fees are crucial, otherwise you end up sacrificing a lot of your capital to pay those commissions every time.

Here are two top brokers to use:

  • eToro: eToro is one of the most popular brokers around and lets you trade a range of different assets, including all the most popular stocks as well as cryptocurrency. Join eToro today >

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

  • Robinhood: Robinhood is another popular broker that has an array of resources for retail traders. You can use the platform to speculate on the price of everything from crypto to commodities. Sign up for Robinhood >

Step 2. Deposit money

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Brokers usually charge a fee for any deposits and withdrawals and you should check the fee structure before you decide how to fund your account. In general bank transfers and card deposits are cheapest, while PayPal might be more expensive. Look out for first time deposit bonuses as well, as these can be worth using.

Step 3. Decide how you’d like to trade

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Most traders use contracts for difference to trade crypto. These are contracts that represent the price of an asset (in this case the BAT coin) and you buy or sell them depending on which way you think the price will go. Your profit is the difference in price on the day you bought compared to the date you sold.

Step 4. Start trading 

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Before you start trading for real, you might want to consider using a demo account. A demo or virtual account is simply a way of trading using ‘fake’ money, without putting any of your real capital at risk and it can be a great way to learn the ropes, stress-free.

In terms of the trading itself, you have to decide how you expect a coin to perform. If you think it’s going to increase in value, you should take a long (buy) position. Otherwise, take a short (sell) one. Use the latest news and your own research to shape your market moves.

Depending on how confident you are, you can make more substantial bets by introducing leverage. Leverage involves borrowing money from your broker and using it to multiply your trade value many times over. That can lead to big wins if you get it right, but you’re liable for the entire trade if it goes wrong, so be careful.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Still undecided?

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To help you reach a final decision on the Basic Attention Token, here is a summary of its pros and cons. After that, there’s more discussion on how to time your entry into the market and what you can expect from the future.

Pros

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  • Be part of a new movement to change online advertising
  • There are few direct competitors that offer a similar service
  • You can earn extra BAT by using the Brave browser and watching adverts

Cons

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Finally, here are three more questions to help you decide whether to invest in Basic Attention Token.

1. Is it a good time to buy Basic Attention Token?

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If you think it’s only likely to go up in value over time then buying now might be the best approach. Similarly if you want to use the token to tip or reward other creators, then you should get BAT straight away.

Otherwise, the best thing to do is to study the current price and wait for the right time to get involved. Most traders use some form of technical analysis to identify buying opportunities, with various indicators out there that tell them when to move in or move on. Our analysts regularly make price predictions too, and you can use their work to help you:

2. What problem does Basic Attention Token solve, and what are the coin’s investment prospects?

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It aims to fix online advertising by completely reinventing the incentives that run the industry. By offering monetary rewards for good adverts and for viewing them, the BAT creates a virtuous circle rather than the ‘race to the bottom’ of forcing spammy adverts in front of viewers that exists at the moment.

Although the Brave browser owns only a small market share at the moment, privacy, consent, and usability are likely to become bigger issues in the years to come. That would bode well for BAT’s prospects, especially if cryptocurrency becomes a more mainstream method of payment that more of the population is able to use.

At the moment that’s one of a few barriers to success. Apple and Google dominate online advertising, while it’s not clear how the BAT price would an. You can track Brave’s efforts to crack that dominance by following the news in the links below.

Brave Browser revealed its initial rollout on self-custody BAT reward payouts. Notable, the network has selected the Solana (SOL) blockchain due to its low fees and high speed. Basic Attention Token rewards on Solana will start with a few cohorts of early Brave users before the global rollout. Accor
Basic Attention Token (BAT/USD), Bancor (BNT/USD), and 0x (ZRX/USD) are some of the best Ethereum ecosystem tokens you can get before August ends. Basic Attention Token made an announcement that on August 19, 2022, Brave purchased 388,000 BAT, where the company has bought nearly 2.35 million BAT tok
Kusama KSM/USD, Basic Attention BAT/USD, and Polkadot DOT/USD are some of the best cryptocurrencies that you can get this week, starting on June 13, 2022. Last month, on May 30, Kusama announced the release of runtime v0.9.22, which added Nomination Pools to the network and raised overall interest i

3. Do you want to hold Basic Attention Token for the long term?

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Sometimes a buy and hold strategy is best, other times the right play is to flip coins quickly to try to make a quick profit. To a large extent the right approach for you depends on how active you like to be and what your goals are. Below are a few final considerations for each different type of investor.

Considerations for a long term investment strategy

If you expect Basic Attention Token to grow in value over time, then you should look to get some right away. Choose an exchange to get the coins and then think about using a wallet to store them. See our top picks for the best crypto wallets.

Considerations for a short term trading strategy

A short term approach is about studying the current price to look for trading opportunities. Pick a broker with low trading fees and then use CFDs to speculate on price moves.

Register now & buy BAT


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.