Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Basic Attention Token, and is trustworthy!
You can find our top 3 exchanges for buying Basic Attention Token here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Basic Attention Token
And of course, the final step is to find Basic Attention Token on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Basic Attention Token (BAT)
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How to Sell Basic Attention Token
- Sign into the exchange
- Find where you stored your Basic Attention Token, either on a hardware wallet or on the exchange.
- Transfer your Basic Attention Token to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Basic Attention Token.
Considerations when looking to buy Basic Attention Token.
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 most successful initial coin offerings (ICOs). The platform raised a total amount of $35 million in less than a minute. It has since offered its attention-based advertising experience to all users through its Brave Rewards program.
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. Basic Attention Token's total wallet count is more than 368,000.