Where To Buy Basic Attention Token in USA – Learn How To Buy BAT For Beginners in 2021

Fact Checked by Gary McFarlane

BAT (Basic Attention Token) is an Ethereum-based cryptocurrency that fuels Brave, a privacy-centric internet browser. Being a utility coin already in use, this digital asset demonstrates a real-world application of blockchain technology.

If you are considering how to buy BAT, you will need to ensure that you use a trusted platform – one that offers competitive fees and supports your preferred payment type.

With this in mind, this guide will discuss what you need to know when buying Basic Attention Token and how you can pick the right online brokerage site to purchase this cryptocurrency safely.

#1 Broker to Buy BAT in USA – eToro

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Where To Buy BAT in USA – Overview of the 5 Best Brokers

In order to buy BAT in the safest and most practical way possible, you need to go through the right online broker.

Here are the five best platforms that allow you to buy Basic Attention Token:

  1. eToro – Overall Best Broker to Buy BAT
  2. Coinbase – Beginner-Friendly Broker to Buy BAT
  3. Binance – Great Crypto Exchange to Buy BAT
  4. OKEx – Buy BAT via Crypto Deposits
  5. Capital.com – Trade BAT With 0% Commission

As you continue reading this guide, you will find detailed reviews of each of the BAT brokers that we have listed above.

How To Buy BAT in USA – A Quick Guide For 2021

If you are here for a quickfire guide on how to buy BAT, then all you need to do is follow these five simple steps:

  • Step 1: Open an Account with eToro – Start by setting up your online account with eToro – a broker that is regulated by the FCA, SEC, CySEC, and ASIC. 
  • Step 2: Upload Your ID – Complete the KYC process by submitting an identification document like a driver’s license, along with proof of address. 
  • Step 3: Add Funds – Make a deposit into your eToro account via a debit/credit card payment, bank transfer, or an e-wallet.
  • Step 4: Search for BAT – Enter ‘BAT; into the search box, click on ‘Trade’ and enter how much you wish to invest in this digital asset. 
  • Step 5: Complete BAT purchase: Click on the ‘Open Trade’ button to confirm your BAT investment. 

At this stage, eToro will complete the BAT purchase for you. You can then choose to leave your Basic Attention Tokens in your brokerage portfolio until you find the right time to sell them for profit. 

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider. 

Where To Buy BAT in USA – Full Broker Reviews

Even when you know what to look for, finding the right online broker for your BAT purchases can be a daunting task. So we took it upon ourselves to find the best cryptocurrency investments sites for this purpose. 

When looking at how to buy BAT – you might want to take your pick from one of these top-rated crypto brokers. 

1. eToro – Overall Best Broker to Buy BAT in USA

bitcoin today

Among the hundreds of cryptocurrency brokers available online, you will find that only a handful can cater to the needs of a beginner as well as an experienced investor. On that front, eToro is a reputable platform that offers security, user-friendliness, and the right tools to buy BAT. This social trading site offers you a high level of protection that comes from the regulatory licenses issued by the most respectable financial authorities – including the SEC and the FCA.

In other words, when thinking of how to buy BAT in the safest manner, eToro comes out as one of the most credible platforms to use. In fact, this broker offers support for dozens of other cryptocurrencies, as well as markets for stocks, commodities, forex, indices, and ETFs. Put otherwise, this site can be your one-stop-shop for all your investment needs to create a well-diversified portfolio.

etoro crypto

The ease of access to multiple markets is not the only aspect we like about eToro. This place also allows you to buy BAT from just $50 and at super-competitive fees. The broker is one of the few platforms that makes it possible for you to purchase Basic Attention Token on a spread-only basis. Spreads at eToro start from just 0.75% when buying and selling cryptocurrencies. Moreover, making deposits into your account will only cost you only 0.5% – and nothing at all for US clients.

As for funding your account, eToro gives you a few different options to choose from. You can use a debit/credit card or deposit money via a bank transfer. You will also have e-wallets such as PayPal, Neteller, and Skrill at your disposal. Moreover, once you buy BAT, eToro also allows you to store the coins in an in-built wallet on the platform itself.

etoro copy trading

Lastly, eToro has also designed several tools that come in aid for beginner investors when buying BAT. If you are only learning the ropes of the cryptocurrency market, this broker allows you to invest passively by replicating the position of an expert trader. Using this CopyTrading tool, you can choose a trader, and any position they open will also be reflected in your portfolio proportionally. The platform will also keep you up-to-date with analysis and the latest news concerning the assets you are interested in.

Pros

  • Invest in digital tokens on a spread-only platform
  • $50 minimum investment
  • Supported payment options include e-wallets, debit/credit cards, and bank wire
  • Approved by FINRA/SEC and licensed by the FCA, ASIC, and CySEC
  • More than 20 million clients
  • Suitable for newbies
  • Copy-trading tools and educational resources

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Beginner-Friendly Broker to Buy BAT in USA

Buy MANA at Coinbase

Do you want to make recurring purchases of BAT? If so, then Coinbase gives you an easy way to do this. This cryptocurrency exchange is not only popular for being beginner-friendly, but it also allows you to schedule buying Basic Attention Token as needed – on a weekly or monthly basis. You can set up instructions with the platform, and it will execute your orders accordingly. Even without these automation features, you will be able to complete the entire process of investing in digital tokens within a span of 5 minutes.

For this reason and more, Coinbase has evolved to become one of the most popular cryptocurrency providers globally. With over 68 million users, the exchange is regulated in the US and presents you with a secure option to buy Basic Attention Token. In order to get started on this platform, all you need to do is sign up, complete the KYC process, and start investing. You will also have access to several charting tools and technical indicators to keep up with the BAT market.

coinbase review

All these benefits aside, Coinbase has the reputation of being an expensive broker. For instance, if you are to buy BAT using a debit or credit card – you will end up paying a 3.99% fee to this platform. This can be quite costly, especially when comparing to competitors like eToro – which allows US clients to deposit money for free. If you are willing to pay a higher charge for security and convenience, then this platform is worth considering for your BAT purchases nonetheless.

Pros

  • One of the most popular cryptocurrency exchanges
  • Over 68 million clients
  • Supports instant debit or credit purchases
  • Numerous digital tokens to select from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • A standard trading commission of 1.49%

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Great Crypto Exchange to Buy BAT in USA

Binance positions itself as one of the largest cryptocurrency exchanges in the world, sporting high trading volumes. The platform allows you to buy BAT with other digital assets- such as BTC, BNB, or ETH. You will also have the alternative to purchase Basic Attention Token with stablecoins such as USDT.

When it comes to fees, US clients will be charged 0.5% for debit and credit card payments. However, if you are based elsewhere, this can cost a lot more – based on your specific location. For example, for those in the UK, using this payment option will cost you 1.8% in charges. On the other hand, standard trading commissions at Binance amount to just 0.10% – which offers grat value.

binance review

Another advantage of using Binance is that the exchange supports dozens of cryptocurrencies other than just Basic Attention Token. You can also deposit the BAT coins you purchased into a Flexible Savings Account on this platform – allowing you to earn interest on your investment. Additionally, you will also be able to benefit from the secure in-house storage facilities offered by Binance.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Lists hundreds of cryptocurrency pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Convenient for both beginners and experienced investors alike

Cons

  • Not all supported markets can be funded with debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. OKEx – Buy BAT via Crypto Deposits

OKEx homepage

Similar to Binance, OKEx also allows you to buy Basic Attention Token by trading another cryptocurrency. The only downside is that, on this platform – you will only be able to exchange either Bitcoin or USDT for BAT coins. However, you can still swap a different digital asset you own to get BTC/USDT first and then use this coin to purchase BAT.

This is also beneficial for other reasons – such as low fees. In fact, OKEx’s commission starts at just 0.10%. Moreover, this platform does not have any KYC requirements when depositing in crypto (limits apply), which gives you the opportunity to purchase and sell BAT anonymously. However, the catch is that you will not be able to fund your investments using fiat currency. On the other hand, you can use your debit or credit card to buy USDT and then exchange it for Basic Attention Token. You will, however, need to upload some ID.

OKEx how to buy BAT

OKEx also functions as an advanced cryptocurrency trading platform that comes with useful tools – such as chart analysis and technical indicators. There are also heaps of educational resources that cater to the needs of beginners that are looking to learn the ropes of cryptocurrency trading. You will also have access to the native OKEx wallet that you can download onto your phone via an app to store your BAT tokens.

Pros

  • Credible cryptocurrency exchange with more than 20 million clients
  • Over 400+ cryptocurrency pairs
  • Invest in digital tokens using a debit/credit card or wire transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation in the market and super secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Capital.com – Trade BAT With 0% Commission

capital.com review

If you prefer to trade BAT rather than invest in this asset, then Capital.com will allow you to do so without paying any commissions. This broker lists plenty of cryptocurrencies, subsequently giving you access to over 200+ digital asset markets. The key point here is that instead of taking ownership of Basic Attention Token, you will be speculating on its future price movements.

This is facilitated by giving you access to a derivative financial instrument called CFDs – which reflects the market value of BAT. CFDs allow you to trade in the short-term by going either long or short. In other words, you will be able to profit from both the rising and falling prices of this digital asset. In addition, Capital.com also offers leverage, so that you can stake more money than what you have in your trading account.

capital.com review

Lastly, we also prefer Capital.com because it is yet another broker that is heavily regulated. The platform holds licenses from the FCA, ASIC, and CySEC – providing you with multiple layers of security. In addition, the site also makes it easier to buy BAT coins from a minimum amount of just $20 for users who fund their accounts using a debit/credit card or an e-wallet. If you prefer a bank wire, then you will have to increase your first deposit to $500 to start trading Basic Attention Token.

Pros

  • Top-rated spread betting and CFD broker
  • Licensed by the FCA
  • $20 minimum deposit (debit/credit cards and e-wallets)
  • 0% commission on all markets
  • Tight spreads and no fee for making deposits or withdrawals
  • Supports thousands of financial markets
  • Convenient for Newbies

Cons

  • Experienced traders might consider the broker too basic
  • $500 minimum deposit on wire transfers
  • Not available in the US

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.50% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

How to Buy BAT  – Detailed & Explained in Full

We started this guide with a quick overview of how to buy BAT using the top-rated broker eToro. However, for those that are completely new to crypto investments, below we offer you a more detailed walkthrough so that you have a comprehensive understanding of what to do in each step.

Step 1: Open a Crypto Broker Account

When considering how to buy BAT, the first step is to make sure that you have a brokerage account fully equipped to make crypto investments. As we have already noted, eToro is one of the best sites that you can use to purchase Basic Attention Token in a cost-effective and safe manner. Signing up on this platform can be easily done in a couple of minutes.

how to join etoro

You can begin by visiting the eToro homepage and finding the ‘Join Now’ button. When the registration window pops up – fill in the username you want to use, your email address, and create a password for your account.

Next, eToro will ask you to submit some basic personal information – such as your full name, home address, and date of birth.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider. 

Step 2: Verify Your Identity

Since eToro is a regulated broker, the platform also requires you to complete the KYC process before you can buy BAT. This involves you submitting a copy of your government-issued photo ID and proof of your address.

  • For the former, you can provide a copy of your passport, national identity card, or driver’s license.
  • To verify your country of residence, you can upload a bank statement or a utility bill. 
  • Completing this step will ensure that you get unfettered access to all assets on eToro.
  • Moreover, a verified account is also necessary to make a withdrawal or to deposit over $2,500.

Since eToro has this process automated, you can complete the KYC step in a matter of few minutes and subsequently start buying BAT right away.

Step 3: Add Funds to Your Account

To complete the setup process, you will also need to ensure that you have sufficient funds in your brokerage account to buy BAT. On eToro, you can make a deposit using a debit/credit card, bank transfer, PayPal, Neteller, or Skrill.

All these methods process the transaction instantly, except for wire payments. On eToro, you will not have to be concerned about any fees if you are paying in USD. If not, the broker will charge you 0.5% of your deposit amount – which is still at the lower end compared to its competitors.

Step 4: Search for BAT

When you have a verified and fully-funded account, you can find the BAT trading page by simply searching for the asset on the eToro website.

eToro how to buy BAT

When you see the correct result load from the search box, click on the ‘Trade’ button next to BAT.

Step 5: Buy BAT

Upon arriving on the BAT trading page, you will see an order box like in the example below. Here, you will need to enter the stake amount you want to invest in BAT. eToro allows you to buy Basic Attention Token from a minimum of just $50.

buy bat etoro

Alternatively, you can also enter how many BAT  tokens you want to buy. Lastly, click on the ‘Open Trade’ button. eToro will then carry out your order of Basic Attention Token, and the coins will be added to your portfolio straightaway.

Buy BAT – Best Place to Buy Basic Attention Token

Choosing the right platform to make your BAT investments is no easy feat. You need to analyze a variety of factors that covers safety, the fee structure, the user-friendliness of the interface, and more.

To help you make the right decision, we will discuss what your main options are when it comes to buying BAT.

Online Cryptocurrency Broker

If you are one to prioritize the safety and security of your investments, then your best option is to choose a broker that holds at least one valid license. There are several advantages to using a platform like eToro to buy BAT – such as:

  • A regulated broker will ensure that you will be able to buy BAT directly with fiat currencies such as US dollars.
  • Brokers like eToro have to follow guidelines to ensure the security of your investments, including KYC verification and segregation of client funds.

As you can see, buying BAT via an online broker offers you multiple layers of protection. Moreover, with eToro’s in-built crypto wallet, you will also be able to store your Basic Attention Token coins safely.

Cryptocurrency Exchange

Cryptocurrency exchanges have gained in popularity over the years. However, if you are considering how to buy BAT from such a platform, there are a few things that you need to be aware of. First and foremost is the fact that these sites are rarely regulated – meaning, they do not hold licenses from any financial authorities, adding to the risk of your investments.

Coinbase how to buy BAT

Moreover, for the same reason, you will not want to leave your BAT tokens on these exchanges. Instead, you are advised to withdraw the digital coins you purchase to a private crypto wallet, which can be quite cumbersome.

In addition, when buying Basic Attention Token via cryptocurrency exchanges, you likely won’t be able to make a deposit with fiat money – so that’s debit/credit cards and bank transfers out of the equation. Given these factors, you will want to stick with a regulated broker when buying BAT online.

Ways to Buy BAT

Thanks to online cryptocurrency platforms, your options when learning how to buy BAT are no longer limited to lengthy bank wire transfers. Instead, brokers like eToro have integrated various payment methods for you to pick from.

Buy BAT With Debit Card

If you are looking to buy BAT in the fastest way possible, then using a debit card is likely the best option. Brokers like the eToro process this payment method instantly, allowing you to complete the purchase of Basic Attention Token within seconds.

However, make it a point to check whether there are any additional charges associated with using debit cards to buy BAT. On eToro, making a deposit using this payment method is entirely free – unless you are paying in a currency other than USD, which will incur a 0.5% fee.

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Buy BAT With Credit Card

Brokers like eToro also allow you to buy BAT by paying with your credit card. As this method is instant, you will be able to complete your purchase of Basic Attention Token right away.

That said, you should also be wary of the cash advance fee – which might be charged by your service provider This could be anywhere between 3 to 5% – so it would be wise to check with your card issuer before using a credit card to buy BAT.

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Buy BAT With Bank Account

If you do not mind waiting a few business days for your deposit to arrive, then a bank transfer might also be a viable option. At many brokers, this also comes with the advantage of being a fee-free payment method to buy BAT.

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Buy BAT With Paypal

If you already possess a PayPal account, then this offers another way to buy BAT instantly. eToro is one of the very few brokers that supports this method, so you will be able to purchase Basic Attention Token right away.

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Buy BAT With Bitcoin

As we mentioned earlier, not every cryptocurrency provider allows you to buy BAT with fiat money. Exchanges like OKEx will require you to trade Basic Attention Token for another digital asset like Bitcoin.

The two notable advantages of using this option are the reduced fees and the lack of KYC requirements. If you do not have access to BTC, you can also buy this cryptocurrency using a different digital asset first – such as Tether or Ethereum.

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Why Should you buy BAT?

Cryptocurrencies are generally considered a high-risk category among tradable assets. As such, you will want to make sure that the long-term prospects of BAT align with your investment plans.

Here are a few reasons why you might find Basic Attention Token a perfect addition to your crypto portfolio.

Value Proposition

Digital advertising has become a multi-billion dollar industry. However, the team behind BAT has found a gap in the current marketplace – which could be leveraged by using blockchain technology. The Brave platform seeks to eliminate the current drawbacks and breaches of privacy in the industry and introduce a new way of doing business.

eToro how to buy BAT

In other words, Brave eliminates the middleman that in its current form – controls the digital advertisement industry. Instead, the platform rewards both users and advertisers directly. By investing in BAT, you will be putting your money into this project – which has the potential to make growth should its concept take off in the near future.

Practical Utilities

While your options are in the thousands when it comes to cryptocurrencies, it can be a challenge to find one that is worth your attention.

  • An indicator of tokens with long-term prospects is that in most cases – these coins come with some kind of practical utility. Fortunately, Basic Attention Token falls under this category of digital assets.
  • The web browser Brave, upon which BAT functions, already has over 30 million monthly active users.
  • As a platform, Brave focuses on both speed and privacy. It blocks unnecessary ads or trackers that can impede your browsing experience or compromise the security of your personal data.
  • This web browser also incentives its users by remunerating them with BAT tokens for viewing advertisements on the platform.

As the Brave browser is to be adopted on a larger scale, this utility alone is an aspect that can drive up the price of Basic Attention Token. Moreover, this digital asset is also compatible with several other operating systems – which adds to its distinct advantages.

Low Entry Point

If you are looking to gain exposure to cryptocurrencies by risking a small amount, then buying BAT can be a good addition to your portfolio. After all, this coin offers you a low entry point ($0.63 at the time of writing) into this highly volatile market.

Coinmarketcap how to buy BAT

This means that with just $100, you can buy over 150 BAT tokens. With brokers like eToro allowing you to invest from just $50 – such a low-risk strategy is indeed possible. Since its launch in 2017, the Basic Attention Token has steadily increased in value. The coin has also managed to survive the bear market of 2018 – which is a major plus-point.

The Cost of Buying BAT

No matter where you choose to buy BAT, the process will involve paying some fees. Depending on the broker, the types of charges can vary dramatically.

Regardless, there are two important types of fees that you need to be aware of when learning how to buy BAT.

Deposit Fees

Deposit fees when buying BAT are charged every time you fund your account. How much this comes down to will depend on your broker as well as the payment method you use. For instance, on Coinbase, debit card transactions will cost you a 3.99% fee, while on Binance, you will end up paying up to 4% – depending on where you live.

In contrast, all deposits made in USD are free on eToro. If you deposit funds in a currency other than USD, you will only be liable to pay 0.5% – in order to cover the costs of exchanging your money into US dollars.

Trading Fees

After you have made a deposit, the next fee you need to be concerned about is the commission. This is often denoted as a percentage – which you need to calculate against your investment amount.

Again, you will find that cryptocurrency exchanges like Coinbase charges high commissions at 1.49% per slide. Whereas eToro allows you to buy BAT on a spread-only structure.

Risks of Buying BAT

it goes without saying that cryptocurrencies like BAT are highly speculative. In other words, before you invest your hard-earned money into this asset, you should carefully evaluate the following risks:

Volatility

Perhaps, the most important aspect that adds to the risk of buying BAT is that it is notoriously volatile. After all, the value of this digital asset rose by over 600% in the first four months of 2021, only to go down by nearly 70% by the second half of the year.

Regulation

Cryptocurrencies as an asset class are unregulated. For this reason, there is no telling when a particular government will enforce new guidelines and how it might affect this market.

Reliance on the Brave Browser

As we noted earlier, BAT operates on the Brave platform almost entirely. In other words, at present, this cryptocurrency relies heavily on the adoption of this web browser. Even though Brave has some notable advantages, the market is still largely dominated by tech giants like Google Chrome and Safari. Therefore, it is likely a big ask for the Brave network to obtain mass adoption.

Selling BAT: A Quick Overview

When you are considering how to buy BAT, it is inevitable that you should also think of what you are going to do with the coins you own, and importantly, how you are going to cash out. The process of cashing out your Basic Attention Token investment will depend primarily on how you bought these tokens and where you are storing them.

For instance, if you choose a broker like eToro, you will be able to leave your BAT coins within the platform itself. Since the site is regulated, not only does this offer a safer way to hold on to your digital for the long term, but you will also be able to sell them easily.

On eToro, you simply need to open your portfolio to find BAT and click on the ‘Sell’ button. The broker will add the proceeds from the sale to your account balance and the funds will be available to withdraw.

However, if you have chosen a cryptocurrency exchange to buy BAT, you might have transferred the tokens to a private wallet for safekeeping. If this is the case, you will first have to transfer your BAT tokens to your brokerage platform so that you can sell them.

How & Where to Buy BAT in USA – Conclusion

Our detailed and comprehensive How to Buy BAT Guide has covered all the crucial information you need to make an investment into this digital asset. You should now know which platforms are the best for your financial goals, the risks and rewards associated with Basic Attention Token, which payment methods you can use, and the steps you need to follow to purchase this cryptocurrency.

Perhaps, the most important takeaway from this guide is that you should never compromise on the safety of your crypto provider. If you are considering how to buy BAT right now – it is well worth considering eToro. This broker is regulated and enables you to buy BAT with a debit/credit card or e-wallet in just five minutes!

Buy BAT From $50 Now at eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.