Buying Basic Attention Token (BAT) is a very easy process, and you can do so with a credit card, debit card, or bank transfer. In this guide, we will go through each step on how to safely purchase Basic Attention Token with an account on Coinbase, one of the largest cryptocurrency exchanges on the market today.
1. Start an Account on Coinbase.com
First step – create an account on Coinbase. If you do so through this link, you’ll earn a free $10 of Bitcoin when you open your account. Fill out your information (exactly as it is written on your photo ID) and sign up. Coinbase follows the financial regulations enacted by the USA Government, so they have to verify your identity if you want to trade cryptocurrency. You must be at least 18 years old to buy BAT on Coinbase. These security features makes Coinbase one of the safest and most trustworthy exchanges today. In our opinion, it is the best method to buy Basic Attention Token.
2. Your New Coinbase Account Must Be Verified
After step one, Coinbase will verify your account so you can trade. This requires an image of your photo identification and a verification of your payment method (credit, debit, or back account). When using a card on Coinbase, your fees will be higher. But buying BAT will be instant. If you use a bank transfer, you will save on fees, but your purchase will be slower (up to a week).
3. Buy Basic Attention Token with a Credit, Debit, or Bank Transfer
Now that you have your account and payment method verified, you will be able to purchase BAT. Go to the dashboard, click the blue “Trade” button in the top right. You can alternatively click the “Prices” menu and find the trade button for BAT on that page. Type in the amount of BAT you would like to purchase (default is in USD), select Basic Attention Token from the drop-down, and then select your payment method. Check to make sure all your information is correct, and then click the “Buy BAT” button.
4. Check Your Basic Attention Token (BAT) Balance
Once you have purchased BAT, there will be a delay before it shows in your account. The delay length depends on the payment method you chose. When your funds are available to you, you will get a confirmation email from Coinbase. You then have a few options, you can either leave your BAT on your Coinbase account (where they should be safe) or transfer BAT off the exchange to a Hardware Wallet, the Ledger Nano S is a great choice. Exchange hacks do occur (although the likelihood of a Coinbase hack seem very unlikely). So always make sure you trust the holder of your funds.