Why invest in BAT? What are Basic Attention Token investment pros and challenges? Here is everything you need to know about BAT investing.
Basic Attention Token is the digital currency that powers the Brave ecosystem. The idea behind this network is to serve as a browser that gives back revenues to creators and users that click on the ads, rather than to advertising platforms like Google or Facebook.
This innovative concept gives the Brave platform and its native BAT coin an edge in the evolving digital advertising industry. For the very same reason, this one-of-a-kind digital token might be a valuable addition to your crypto portfolio.
If you are considering how to invest in Basic Attention Token, our guide will help you along every step of the way.
We will walk you through the process of obtaining this digital asset, what to consider in terms of risk, and how you can find the right online broker for making your BAT investment.
How To Invest In Basic Attention Token (BAT) - 5 Easy Steps Guide
To invest in Basic Attention Token, you will first need to find a trustworthy and regulated broker that supports this digital asset, like eToro. This will allow you to set up your brokerage account in about 10 minutes and enable you to start investing in BAT right away.
Take a look at the steps below to see how investing in BAT works:
- Step 1: Open an account with a regulated broker
- Step 2: Deposit some funds with a debit/credit card, e-wallet, or bank transfer
- Step 3: Choose the amount you want to invest in Basic Attention Token (BAT)
- Step 4: Confirm the investment
- Step 5: Leave your Basic Attention Token stored until you decide to cash out
As the 5-step walkthrough above highlights, the process of investing in Basic Attention Token (BAT) could not be easier. Best of all, there is no requirement to worry about cryptocurrency wallets - as regulated brokers like eToro will store the BAT tokens for you!
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Contents:
- How Does the Invest in Basic Attention Token Process Work?
- Why Should You Invest in Basic Attention Token?
- How to Invest in Basic Attention Token - Various Options Available
- How to Choose a Platform to Invest in Basic Attention Token
- How to Invest in Basic Attention Token Today - Step-by-Step Walkthrough
- How to Invest in Basic Attention Token - The Bottom Line
How Does The Invest In Basic Attention Token (BAT) Process Work?
Currently, investing in cryptocurrencies seems to be on everyone's radar. However, if you are an absolute beginner in this investment space, you need to familiarize yourself with the intricacies of the crypto market before you start risking your money.
At its core, when thinking of how to invest in Basic Attention Token, you are risking your money on this digital asset, with the expectation of a positive return in the future. In other words, you want the value of BAT to appreciate so that you can cash out for profit.
As easy as this might seem, the trading markets, especially that of cryptocurrencies, are extremely volatile. The value of your chosen asset, in this case, Basic Attention Token, might go up or down since the time you made your investment.
For this reason, it is imperative that you are aware of the risks involved and what aspects can affect the value of your BAT coins. To simplify, the value of cryptocurrencies like Basic Attention Token will be driven by the supply and demand in the market.
If there are more buyers than sellers, there will be an increase in demand - and thus, the value will go up. On the contrary, if there are more investors wanting to sell their BAT coins, then the price of this digital asset will drop.
Allows us to help you understand this with an example:
- Let's suppose that you want to invest $1,000 in Basic Attention Token.
- When you are investing, the price of a single BAT coin is valued at $0.50.
- Since then, the value of BAT has increased to $1.50.
- This translates to an increase of 200% in the value of BAT.
- Eager to profit from this price rise, you sell your BAT coins.
On your $1,000 investment, you make a profit of $2,000.
Such significant price hikes are not uncommon for cryptocurrencies. In fact, the value of BAT has experienced several ups and downs, presenting plenty of opportunities for investors to capitalize on.
If you time your investments to invest at a low price and sell at a high value, you can make substantial profits. However, it is paramount to note that the value of BAT could also drop at any point - which could lead to losses.
This volatility is one of the main reasons why you should be very careful when considering how to invest in Basic Attention Token and start with a small amount.
Check Out: Basic Attention Token Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Why Should You Invest In Basic Attention Token (BAT)?
You might be wondering whether Basic Attention Token will be a wise fit for your financial investments. In this case, we have listed a few reasons why BAT might make an ideal addition to your portfolio.
You can carefully analyze these factors in order to come to an informed conclusion.
BAT has a Unique Selling Point
As we mentioned earlier, BAT is the native token of the Brave web browser. This platform is built using Chromium, the open-source software that was used to create Google Chrome.
What differentiates this project from others in this niche space is the priority given to the privacy of users along with the reduction of potentially dangerous and useless advertisements. Overall, the Brave network aims to provide faster service while decreasing data usage.
The platform does this by eliminating ads and the collection of cookies. Moreover, since it was developed using Chromium, you will also have access to extensions and programs that can be run on Google Chrome.
As privacy becomes a significant concern, Brave has the potential to emerge as an alternative to the current browsers in use. Alongside, the value of Basic Attention Token might also see a spike in the upcoming years.
BAT has a Strong Use Case
There is no shortage of cryptocurrencies in the current market. However, only a few manage to stand the test of time - primarily because they fail to bring any value to the industry.
The team behind BAT has succeeded in creating a token that has not only practical utility but is also unique in its application. The coin powers the decentralized advertising industry in order to support content creators and change the way users engage with adverts.
This legitimized usage not only gives this token a practical edge but also helps to create a clear roadmap for its future.
BAT has a Future Plan
For any investor, the aspect that matters the most is the future potential of their chosen asset. Unlike the majority of cryptocurrencies that have no clear plans ahead, BAT has already set itself apart through its partnerships with established brands.
To enhance its reputation and add more features, the Brave team has built a network of cryptocurrency providers giving you easy access to its native BAT token.
Moreover, this digital coin is being increasingly used as a transactional asset across multiple platforms. This growing popularity could lead to an increase in the value of BAT in the future.
BAT can be Acquired Easily
If you are looking to enter the crypto investment space with small amounts, then Basic Attention Token is definitely worth considering. At the time of writing, a single BAT coin is worth just $1.00.
This means that this token has a low entry price - which makes it affordable for a large percentage of investors. Moreover, you can also get your hands on this digital asset without having to buy it from a broker or exchange.
Instead, Brave also rewards users who view ads on its browser by distributing BAT. This way, you can earn BAT as a bonus just by dedicating some time to encourage the ad developers that post ads on the platform.
Apart from all these factors, you should also account for the unpredictability surrounding cryptocurrencies like BAT. Like always, before making any investments, be sure to do your due diligence first.
Read More: 14 Reasons Why You Should Invest in BAT
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Invest In Basic Attention Token (BAT) - Various Options Available
In order to get started with your BAT investment, you should find a cryptocurrency platform that allows you to buy and sell cryptocurrencies. In the current scenario, you have two main options for this.
In this section of our How to Invest in Basic Attention Token Guide, we will take a look at each of these individual choices.
Basic Attention Token Exchanges
The most popular path in front of you would be to choose a cryptocurrency exchange that is specially designed to facilitate trending digital assets. There are several popular platforms in this category that can grant you easy access to BAT.
As convenient as these are, the lion's share of crypto exchanges are unregulated. Simply put, unlike regulated and conventional brokers, these sites do not have to follow any strict rules imposed by financial authorities that contribute to the safety of your investment.
In addition, a majority of these cryptocurrency exchanges do not allow you to invest in Basic Attention Token by funding your account with a fiat currency like US dollars or euros.
Instead, you will find yourself having to swap another digital asset in order to buy BAT. This will require you to buy another cryptocurrency beforehand - which will unnecessarily complicate things for investors, particularly for those who are buying for the first time.
Moreover, depending on your chosen crypto exchange, you will also have to find an external wallet to store your BAT coins. This means you will have to transfer your assets back and forth when making an investment and at the time of cashing it out.
All in all, choosing an unregulated cryptocurrency exchange can make the process of investing in BAT time-consuming, especially for those still learning the ropes in the crypto space.
Basic Attention Token Broker
Considering the points we mentioned above, the safer alternative for you would be to choose a regulated online crypto broker. This means that you will be looking for a brokerage platform that holds licenses from at least one reputable financial authority.
To explain further, a regulated broker is expected to follow the standards created by the respective governing bodies. These guidelines are in place to protect investors and avoid the destabilization of the financial system.
- For instance, regulated brokers like eToro are required to be transparent about the risks associated with investments.
- In addition, the platform also has to keep your funds segregated from the company’s own capital and submit its records for regular audits.
Notably, as an investor, you will also find that it is easier to buy Basic Attention Token using a regulated broker - as you can directly invest your fiat currency in this crypto asset.
On platforms like eToro, you will also be able to store the token for free without having to look for a secure private digital wallet.
All things considered, when contemplating how to invest in Basic Attention Token - you will find that regulated brokers are the most reliable and trustworthy method to opt for.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Choose A Platform To Invest In Basic Attention Token (BAT)
Before jumping in to choose a cryptocurrency broker for your BAT investment, you should be aware of what aspects to look for.
For some investors, the availability of certain features might be the priority, whereas, for others, it might be the ease of using the platform.
Nonetheless, there are some important characteristics that you should look for in your broker regardless of your preferences.
Licensing and Reputation
As we discussed earlier, it is in your best interest to choose a broker that adheres to regulatory standards from the beginning of your BAT investment journey.
This will offer you a distinct advantage, allowing you to rest assured knowing that your chosen brokerage is trustworthy and transparent.
- Take the case of eToro, for example.
- The brokerage is regulated by multiple financial authorities in different jurisdictions.
- To be specific, the platform holds licenses from the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.
- It is also registered with the SEC and FINRA in the US.
This extensive regulation makes eToro one of the safest brokers in the cryptocurrency investment market.
By choosing a regulated platform, you can be certain that you are making BAT investments with a legitimate broker that complies with the rules determined by a respected regulatory body.
Additionally, depending on your chosen brokerage and the governing authority, you might also gain access to fraud protection and risk precautions in volatile markets.
Fees to Invest in Basic Attention Token
Once you have ensured that the broker is sufficiently regulated, the next thing you will want to consider is the costs involved.
If you didn't know this already, it is common for crypto brokerages to charge you a variety of fees and commissions to facilitate your investments.
The most common fee you will come across is the commission - which will vary depending on the size of your stake. As imaginable, you will want to choose a broker that offers the lowest rates without compromising on the quality of its services.
For instance, take the case of eToro. The platform does not charge you any commission to make investments in Basic Attention Token. Instead, you will gain free access to the asset.
- In comparison, popular cryptocurrency exchanges like Coinmama will charge you a 3.90% commission for buying BAT. This means that if you invest $1,000 into this asset, you will end up paying $39.00 as fees.
- On top of this, at the time of selling your investment, you will also be charged an additional 0.90% at Coinmama.
- So, if your BAT coins are worth $5,000 at the time of cashing out, your commission will come to $45.00.
As you can see, if you choose a commission-free broker like eToro, you can avoid paying this fee when learning how to invest in Basic Attention Token.
Apart from commissions, you should also check whether your chosen broker charges you any additional fees to process your payments - such as for debit and credit card transactions.
On platforms like Coinmama, this fee could go as high as 5%. Whereas on eToro, there are no transaction charges when funding your account in USD. Any charges incurred will be limited to 0.5% - and only if you are adding money in a currency other than US dollars.
Minimum Basic Attention Token Investment and Payments
Generally, crypto brokers also require you to put up a minimum amount in order to start investing in assets like Basic Attention Token. For instance, on eToro - you will be able to buy BAT from $25.
However, this is not the same with every broker. On some platforms, this minimum investment amount required might be higher. Understandably, it is best for you to choose a brokerage site with lower requirements.
As BAT has a lower entry price, you will be able to gain exposure to the coin by investing just a fractional amount - thus reducing your risk.
In addition, you should also look up how you can add money to your investment account. While some platforms have debit/credit cards and e-wallets like PayPal available, on others, you might find your options limited to a traditional wire transfer.
Needless to say, you want access to your preferred payment method in a cost-effective manner in order to make the most of your investment profits.
Storage and Cashing Out
Lastly, and perhaps most importantly, you should have a clear idea about how you are going to store your BAT coins. Unlike other financial assets such as stocks or commodities, you need to have a dedicated digital wallet that can hold your long-term cryptocurrency investments.
A few regulated brokers like eToro makes it possible for you to store your coins on the platform itself. However, this is not the case with every brokerage. A majority of them will require you to withdraw your BAT coins as soon as the purchase is complete.
Therefore, you should research digital wallets and find a suitable one before you commence your BAT investment. The alternative is to choose a regulated broker like eToro that gives you access to in-built digital wallets for free.
This way, you can cash out your coins from within the platform and withdraw the proceeds straight to your original payment method.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Invest In Basic Attention Token Today (BAT) - Step-by-Step Walkthrough
In the last section of our How to Invest in Basic Attention Token Guide, we will walk you through the different steps you have to follow to complete a successful investment in this digital asset.
As we have mentioned throughout this guide, eToro is one of the best online brokers that you can use to invest in BAT. As such, we will be using this platform to guide you through the process and show how easy it is to make your first BAT investment.
Step 1: Open an Account
You can start by visiting the eToro website and opening an account on the platform. As with any other online business, you can sign up using your email address and by setting a password.
In addition to this, you will also have to fill in some basic personal information, such as your full name, address, and contact information.
Before proceeding to the next step, eToro will also ask you to answer a few questions so that the platform can provide you with the right features that cater to your investment needs and experience level.
Step 2: Provide Some ID
In order to gain full access to eToro's features, you will need to verify your identity. This is a rule specific to regulated brokers and it enables them to prevent identification fraud in financial spaces.
To complete this step, you will have to provide a valid ID with your photo - such as your passport or driver's license. Apart from this, you will also have to submit a utility bill or bank statement to provide proof of address.
Step 3: Make a Deposit
To start making Basic Attention Token investments, you need to have your eToro account sufficiently funded. This can be done by transferring your desired amount to eToro using one of the available payment methods.
On eToro, you can choose to fund your account through a debit card or credit card payment, bank transfer, or an e-wallet like PayPal.
All these methods, except wire transfer, will be processed instantaneously, allowing you to start making BAT investments straight away.
Step 4: Search for Basic Attention Token
The next step is to find the dedicated trading page of Basic Attention Token. eToro allows you to locate this asset simply by searching for it on the platform. Alternatively, you will also find it listed under 'Trade Markets'.
Step 5: Complete Basic Attention Token Investment
Once you are on the Basic Attention Token trading page, you can specify that you are looking to buy BAT coins and enter how much you want to invest.
Lastly, click on the 'Open Trade' button to complete your BAT investment. When done, you will be able to find the coins you purchased in your eToro portfolio.
You can then choose to continue storing it in the platform's built-in wallet or move it elsewhere.
Step 6: Cash Out Your Basic Attention Token Investment
When it is time for you to sell your investment, eToro allows you to do that directly from your portfolio. You can simply locate the BAT coins and sell them directly.
If you have stored your BAT coins in an external wallet, you will first have to transfer them to eToro. The proceeds will be made available to withdraw to your original payment method.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Invest In Basic Attention Token (BAT) - The Bottom Line
When it comes to investing in cryptocurrencies like Basic Attention Token, the key is to not be easily swayed by the market forces. You need to invest money only after carefully weighing the influencing factors and your financial circumstances.
In order to reduce your exposure to risk, the most important thing you can do is to choose a regulated crypto broker like eToro for your BAT investment.
This will offer you the protection of multiple financial authorities as well as allow you to gain access to Basic Attention Token without paying any commission.
eToro – The Best Platform To Buy Basic Attention Token
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read Also:
How To Invest In Basic Attention Token (BAT) FAQs
How can I invest in Basic Attention Token?
The safest and most convenient way to invest in Basic Attention Token is via a regulated and commission-free crypto provider like eToro.
How much is Basic Attention Token worth?
At the time of writing, a single BAT coin is worth $1.00.
Is now a good time to invest in Basic Attention Token?
BAT is widely considered to be a digital asset that has the potential to give you returns in the long run. However, it will depend on the adoption of the Brave software. Therefore, it is crucial that you do your due diligence and invest only small sums in this digital asset.
Where can I store my Basic Attention Token?
Digital assets like BAT are stored in a secure crypto wallet. You can either find a provider offering you this service or choose a regulated broker like eToro that offers in-built storage for cryptocurrencies.
How much should I invest in Basic Attention Token?
The minimum amount required to invest in BAT will depend on your broker. On eToro, you can start investing from just $25.