How To Buy Basic Attention Token UK – Buy BAT In Under 5 Minutes

For the majority of internet users, banner blindness is common when purposefully ignoring online ads, but what if there was a monetary incentive to engage with them? 

Basic Attention Token (BAT) is a crypto designed to create an incentive around digital advertising that is both beneficial to consumers and marketers. 

If you’re wondering how to buy Basic Attention Token in the UK, this beginner’s guide covers everything you need to know!

Table of Contents

#1 Broker to Buy BAT – eToro

1
$50Exclusive promotion
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  • 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

How To Buy BAT – Choose a Top Broker or Crypto Exchange

The best way to buy BAT in the UK is with an online trading platform or crypto exchange. But with so many options out there how do you choose the right provider that’s right for you?

To speed up the process, we’ve identified the five best online brokers and cryptocurrency exchanges that allow you to buy BAT tokens in the UK on a budget. 

  1. eToro – Overall Best Broker to Buy BAT UK
  2. Coinbase – Best Crypto Exchange to Buy BAT for Beginners
  3. OKEx – Best Low-Cost Exchange to Buy BAT UK
  4. Binance – Top-Rated Cryptocurrency Exchange to Buy BAT with Low Commissions
  5. Coinjar – Best Crypto Exchange to Buy BAT UK with low crypto deposit fees

Continue reading this guide to learn more about each of these top-rated crypto trading platforms.

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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

How to Buy Basic Attention Token in the UK – A Quick Guide For 2021

Let’s cover how to buy MANA in four simple steps with eToro:

  • Step 1: Open a trading account with the trusted copy trading platform eToro.
  • Step 2: Verify your account – As part of the KYC (Know Your Customer) process you will need to upload proof of identity and address, such as a passport and recent bank statement. 
  • Step 3: Fund your Trading Account – Depositing funds into your eToro account is quick and easy. Simply choose from a range of payment methods such as a credit/debit card, bank transfer, or via PayPal, and deposit at least £200 with a 0.5% conversion fee.
  • Step 4: Buy BAT – Type ‘BAT’ into the search bar at the top of the screen, tap on ‘Trade’ and buy Basic Attention Tokens with a minimum investment of just $25. 

Finally, you can buy BAT by tapping on ‘Open Trade’. You can also store your Basic Attention Tokens safely in the eToro Money crypto wallet. At eToro you can buy, sell and store 17 of the most popular cryptos from the comfort of your own home. 

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 the UK

With a quick Google search you’ll be exposed to a huge range of online crypto exchanges and brokers all claiming to offer the cheapest fees and best features. But how do you separate the best from the average? 

We’ve picked the five best crypto exchanges to buy BAT in the UK so that you can start participating in the volatile crypto market with a top-rated and trusted online broker. 

1. eToro – Overall Best Broker to Buy BAT UK with Tight Spreads

eToro logo

During our research, we found that eToro is the best crypto trading platform to buy BAT in the UK for the following reasons. Launched in 2006, eToro currently serves over 20 million active traders and is regulated by several top-tier financial authorities. eToro is a widely popular fintech company that grants access to CFDs, forex, real stocks, ETFs, cryptos and fractional share trading.

What cryptos fees are charged and how many account types are there? 

When you purchase cryptocurrencies on eToro, you take ownership of the digital assets and you can store them on the eToro Money crypto wallet. As such, the cost of buying BAT involves the typical spread for BAT which is 2.9%. Furthermore, you can invest with as little as $25 and diversify your crypto portfolio with a mix of the hottest digital assets on the market. 

eToro buy BAT

In terms of non-trading fees eToro does not charge any deposit fees or account fees. It does, however, charge a withdrawal fee of $5 and an inactivity fee of $10 after 12 months of non-use. Additionally, the only available account base currency is USD, so any deposits or transactions made with non-USD currency incur a 0.5% conversion fee. 

eToro was designed with beginner traders in mind, and in keeping with its user-friendly nature you can choose either a demo account or a live trading account. The account opening process is fully digital and seamless as it only takes a few minutes to complete. 

What payment methods does eToro support? 

Funding your eToro account is straightforward as traders have several payment options at their disposal. This social trading platform accepts credit/debit cards, PayPal, Neteller, Skrill, bank transfers, and more with zero fees for USD deposits. 

Is eToro safe?

eToro copyportfolio

eToro is fully regulated and authorized by the UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Australian Securities and Investment Commission. eToro complies with the latest regulations which means it holds 90% of all client funds in segregated bank accounts, as well as providing negative balance protection.

Pros

  • Trade 17 crypto assets with market-leading spreads and zero commission
  • Access commission-free stocks listed on 17 international markets
  • The minimum investment when buying cryptos is just $25
  • Regulated by the UK’s FCA, CySEC and ASIC
  • eToro supports a variety of payment methods such as PayPal and debit cards.

Cons

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 – Best Crypto Exchange to Buy BAT for Beginners

According to coinmarketcap.com, Coinbase is one of the largest cryptocurrency exchanges, with a market cap of over $47bn and an average 24-hour tradingCoinbase logo volume of over $1.4 billion. Coinbase (NASDAQ: COIN) made a blockbuster IPO (initial public offering) on the NASDAQ exchange in April 2021, raising $500 million from shareholders who valued the crypto exchange at $8 billion.

When you buy and sell cryptos on Coinbase, you will have to pay a standard commission of 1.49% per slide. There is also a Coinbase fee when you convert one crypto into another. This spread amounts to 2% which is above average when compared to its competition. 

Coinbase buy BAT

Deposit and Withdrawal fees

You can fund your Coinbase account with a cryptocurrency, but most beginner crypto traders in the UK are more accustomed to using a traditional payment method such as a credit or debit card. With this in mind, you may be surprised to learn that when you use a debit card to deposit funds you will need to pay a 3.99% deposit fee. There is a 2% charge for debit card withdrawals while bank transfer withdrawals are free of charge, given that you will have to wait a couple of business days for your funds to be processed. 

Coinbase

Coinbase offers a range of payment methods such as debit cards, cryptocurrencies, and bank transfers. A UK bank transfer can be used to avoid the high 3.99 percent Coinbase fee on debit card deposits and transactions.

Is Coinbase safe? 

Coinbase complies with all the applicable laws and regulations in each jurisdiction that it offers its services in. Coinbase is also registered as a Money Services Business with FinCEN. 

Pros

  • User-friendly crypto exchange platform ideal for beginners and advanced traders
  • Streamlined account opening process
  • Supports debit cards and bank transfers
  • No inactivity fees & $0 minimum deposits 
  • Registered as a Money Services Business with FinCEN

Cons

  • 3.99% debit card deposit fee

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. OKEx – Best Low-Cost Exchange to Buy BAT UK

Founded in 2014 by Star XU, OKEx is a top-rated cryptocurrency exchange based in the Seychelles. Some of OKE’s main features include crypto spot andOKEX derivative trading. OKB, OKEx’s utility token can be used to buy services and products on the exchange. OKB can be used to measure and pay trading fees, give users access to voting and governance on the crypto platform, and works as an incentive for crypto enthusiasts to hold OKB. 

Serving more than 20 million traders, OKEx allows you to buy Basic Attention Token with ease. Moreover, if you already own a crypto asset you can deposit it into the OKEx crypto wallet and trade it for other cryptocurrencies of your choice. 

What are the OKEx crypto trading fees?

OKEx uses a maker-taker fee model. In Layman’s terms, makers are traders who increase the liquidity of the exchange’s order book by placing limit orders that are not executed immediately and are therefore available for other traders to use. 

OKEx buy BAT tokens

Takers work in the opposite direction, by taking liquidity from the order books by placing market orders. At OKEx, the maker-taker fee rates are based on customer tiers, trading markets, and asset classes. OKEx’s maker-taker fee model starts at 0.1% for traders holding less than 500 OKB tokens. The trading fees are calculated based on whether you will be placing spot, futures, perpetual swaps, or options trades.

When it comes to deposits and withdrawals, OKEx does not charge fees, but you will need to pay a minimum Bitcoin network fee when withdrawing BTC from the exchange. 

How can I buy cryptocurrency on OKEx?

On OKEx, users can open and verify an account, and start buying and selling Bitcoin and other altcoins immediately with credit cards, debit cards, bank transfers, and other supported payment methods. On March 25th, 2021 OKEx announced that it added more fiat currencies and payment methods for P2P trading. 

  • Newly supported currencies: BYN, COP, MXN, PEN, GHS, KES, ZAR, EGP, AUD, CAD, EUR and GBP. 
  • Newly supported payment methods: Mercadopago, Yape, Plin, Bundle, Vodafone Cash, M-Pesa, Chipper Cash, FNB eWallet, Revolut, Interac e-Transfer and Wise.

OKEx homepageIs OKEx safe? 

As with most crypto exchanges, OKEx is not regulated by the FCA or any other regulatory institution as cryptocurrencies are not covered by investor protection schemes. However, when you use OKEx as your Bitcoin Wallet provider, you trade confidently knowing that the exchange uses the best security protocols out there. OKEx holds Bitcoin in cold wallets which means that all crypto wallets are disconnected from the internet. Furthermore, the passwords required to gain access to the private keys are held by people in different countries. Users can also use two-factor authentication, which ensures that setting up and using an OKEx crypto wallet is convenient as well as safe. 

Pros

  • Accepts a wide range of payment methods
  • Zero deposit fees
  • Maker-Taker fee rate structure
  • Access a wide range of 150 cryptos
  • Store your digital assets in OKEx’s SA secure crypto cold wallet 

Cons

  • Not authorized or regulated by the FCA

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. Binance – Top-Rated Cryptocurrency Exchange to Buy BAT with Low Commissions

Binance

Binance is one of the largest cryptocurrency exchanges, with a daily volume of $13 billion. Binance, situated in the Cayman Islands, was founded in 2017 and already has over 15 million users.

Binance has low trading fees when you compare them to its main rivals. The fee for spot trading is only 0.1 percent, and the fee for instant buying and selling is 0.5 percent. BNB is the Binance ecosystem’s native DeFi token. Depending on your location, Binance accepts both fiat and crypto deposits. Additionally, you have a choice of payment methods including cryptos, credit and debit cards, and bank transfers. Non-trading expenses include a 1.8% fee for depositing funds with a debit/credit card for UK-based traders.

Buy BAT tokens on Binance

Binance urges customers to complete the identity verification process since it lets you withdraw a larger quantity of money while also protecting against identity theft and money laundering practices. 

Binance Homepage

Pros

  • Facilitates the highest recorded daily trading volumes above $13bn 
  • Buy and sell 50+ cryptos
  • Market-leading trading commission as low as 0.1% per slide
  • User-friendly platform with high liquidity levels
  • Debit/Credit card, local bank transfer deposits accepted

Cons

  • Not regulated by the FCA, and is facing increasing scrutiny from global financial regulators

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. Coinjar – Best Crypto Exchange to Buy BAT UK with low crypto deposit fees

You may think that CoinJar is just another standard cryptocurrency exchange, but this couldn’t be further from the truth. CoinJar provides clients withCoinjar exchange access as well as a crypto wallet, and a variety of crypto management services. With a CoinJar account you can trade a range of cryptocurrencies with low fees. The fully digital onboarding process is simple and can be completed in a matter of minutes. 

CoinJar charges different fees for makers and takers. The fees for takers when trading fiat-to-crypto pairs vary between 0.10%-0.50% depending on the volume of transactions. While this could be a disadvantage, it can be offset by the 0% makers fee. When it comes to crypto-to-crypto trading, the taker fee is just 0.10% which is below the industry average, and market makers incur a 0% fee. These crypto-to-crypto trading fees are a huge selling point for CoinJar making the exchange stand out from the rest. 

CoinJar buy BAT

Fiat-to-crypto trading is supported on the exchange, which makes CoinJar ideal for beginner crypto traders. Users can deposit fiat funds into their accounts with bank transfers or credit cards. The latter is typically not accepted by most crypto exchanges out there. All of these payment methods are free of charge but the only fiat currencies that are accepted at CoinJar are EUR, GBP, USD, and AUD. 

When it comes to security, CoinJar uses 2FA and password protection for crypto wallets with 90% of all clients’ funds stored offline in geographically redundant, secure places. 

Coinjar

Multi-signature technology is also used by CoinJar to store crypto assets in secure hot wallets.

Pros

  • User-friendly platform ideal for beginners 
  • Access to 30+ crypto assets
  • Low maker-taker fees
  • £5 minimum deposit
  • 90% of client crypto-funds are held in cold wallets. 

Cons

  • Not suitable for advanced crypto traders 

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

How to Buy BAT in the UK – Detailed & Explained in Full 

In this segment of our beginner’s guide we’ll explore how you can buy Basic Attention Token in the UK in less than 5 minutes with eToro. 

Recommended Broker
eToro
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CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

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Capital.com
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CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

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CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
311014
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$66944.54$67004.79$67172.13
Ethereum
$4161.99$4088.47$4098.68
XRP
$1.17$1.14$1.16
Tether
$1.00N/AN/A
Litecoin
$208.07N/A$205.42
Bitcoin Cash
$655.26N/A$651.08
Chainlink
$27.17N/A$27.58
Cardano
$2.26$2.20N/A
IOTA
$1.24N/A$1.21
Binance Coin
$511.07$587.90N/A
Stellar
$0.40$0.39$0.39
EOS
$4.79N/A$4.73
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

Step 1: Open a Trading Account

With eToro being the best platform to buy BAT in the UK, the first step to buying Basic Attention Tokens in the UK is to head over to the eToro official website and register an account. 

eToro open account

To get the ball rolling, simply click on the button marked ‘Join Now’. This will take you to an online registration page where you can fill in your details including name, email address, and a password. 

After that, you’ll be asked to provide additional information such as your social security number and residential address. Lastly, once you have verified your phone number the account sign-up process will be finished. 

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 account

As part of the KYC process you need to upload both proof of ID and address which can be in the form of a valid passport and a recent utility bill. 

The verification process can take between 1-2 working days, and eToro will contact you once your brokerage account is verified. 

Step 3: Deposit funds into your account

The minimum first-time deposit is set at $200, and all subsequent deposits are set at a minimum of $50. The fastest payment method, in terms of instant processing times, to use on eToro is with a debit/credit card, or an e-wallet such as PayPal or Skrill.  

These payment options are processed instantly, in contrast to bank transfers that typically take between 4-7 business days. Depositing funds into your eToro trading account is safe as Secure Socket Layer (SSL) technology is used for all transactions, which ensures that your personal data is protected.

When it comes to non-trading fees, there are no deposit or account fees, and withdrawals are set at a rate of $5 per transaction. 

Step 4: Search for BAT

eToro search BAT

After successfully depositing funds into your account you can search for ‘BAT’ in the search bar at the top of the screen. 

Step 5: Buy Basic Attention Token UK

eToro open trade BAT

When you click on the ‘Trade’ button you will be able to buy BAT using the order window. From here you can specify the investment amount, bearing in mind that the minimum investment for cryptos on eToro is $25. 

Buy Basic Attention Token – Best Place to Buy BAT in the UK

What is the difference between a cryptocurrency exchange and a crypto broker? In this section of our beginner’s guide, we’ll cover the answer to this key question so you can choose the right platform for your trading goals. 

Online Cryptocurrency Broker 

A cryptocurrency broker is a company that acts as the intermediary between the crypto markets to open the door for crypto enthusiasts to buy and sell digital assets. A cryptocurrency broker like eToro offers financial services for traders who want to buy and sell cryptos. 

Crypto brokers are the most suitable environment for beginners just entering the crypto markets interested in buying Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and other altcoins. Trading cryptos for fiat currencies, and vice versa, is carried out between the online broker and the buyer and seller. 

eToro trade markets

Trading cryptocurrencies on a trusted broker comes with several advantages such as being able to buy and sell crypto assets at prices set by the broker itself. Furthermore, a cryptocurrency broker is also a great place to invest in a small amount of cryptos. 

eToro is a cryptocurrency broker that is user-friendly and offers cheap trading and non-trading fees to help beginner traders keep their trading costs to a minimum. 

To use eToro, all you need to do is register an account, use a variety of payment methods to deposit funds, and then you can start buying and selling digital assets from the comfort of your own home, or even from your mobile device via the eToro mobile trading app. 

Let’s define what a cryptocurrency exchange is

If you want to trade cryptocurrencies with other buyers and sellers directly, you should consider using a cryptocurrency exchange. A cryptocurrency exchange, unlike a crypto broker, offers an online platform for buyers and sellers to trade cryptocurrencies for other digital currencies or fiat currencies with one another at current market prices.

Binance crypto exchange

As a result, the exchange of fiat currencies and cryptocurrencies takes place directly between buyers and sellers, with the crypto exchange simply providing the platform rather than acting as an intermediary. 

Cryptocurrency exchanges are ideal platforms for advanced cryptocurrency holders and investors who seek to profit from market price swings via speculation of volatile and highly liquid assets. 

Ways to Buy BAT UK

How can I buy Basic Attention Token in the UK? We’ll cover some of the safest and most convenient ways to buy BAT with a trusted crypto broker or exchange. 

Buy BAT with a Debit Card 

If you have a Visa or Mastercard debit card, this is by far the most convenient way to purchase BAT in the UK. To purchase cryptocurrency with a debit card, the broker or exchange must be licenced and follow KYC procedures.

Buy BAT with a Credit Card 

Buying cryptos with a credit card can be difficult as you may face restrictions issued by the crypto exchange or by the credit card company itself. For example, Coinbase does not accept credit cards as payment methods, whereas other cryptocurrency exchanges only support Mastercard and Visa credit cards. 

Nevertheless, even if the exchange accepts credit cards this does not guarantee that the credit card issuer will allow you to send funds to a crypto exchange in the UK, especially as the FCA has recently cracked down on crypto trading in the UK.  

As well as the service fee, the crypto exchange could charge a credit card fee. For instance, the crypto exchange may charge you a portion of the transaction total to trade fiat currencies for digital assets. 

Buy BAT with a Bank Transfer

You can also buy Basic Attention Token in the UK via a bank transfer if you don’t mind waiting between 4-7 business days for your funds to be credited to your account. This option is ideal for new traders on a budget as most brokers do not charge a fee for bank transfer deposits.

At eToro you can make instant deposits via online banking – Trustly, as well as Rapid Transfer which do not require any additional registration and the processing times are instant. 

Buy BAT With PayPal

If you want to buy BAT in the UK with the online payments system – PayPal, you’ll be happy to learn that you can do so on eToro. Alternatively, you can also deposit and withdraw funds via Neteller and Skrill. 

Buying BAT with PayPal on eToro is easy and fully digital. Simply open a trading account, enter your deposit amount, and select PayPal as your preferred payment option. When the payment is complete, you can go ahead and invest in BAT with a $25 minimum investment. 

Buy BAT with Bitcoin

Most altcoins can’t be purchased using USD, so you’ll have to buy Bitcoins (BTC) and then trade them for the altcoins you want on a crypto exchange or online broker. Remember that your Bitcoins will be converted to BAT. 

Binance allows you to exchange Bitcoin for other altcoins without needing to undergo the KYC process. Furthermore, Binance charges an entry commission of 0.1% making this method of buying BAT one of the cheapest. 

Why Buy BAT UK?

Cryptocurrencies have huge potential when it comes to revolutionizing the financial system as we know it. With that said, some altcoins will experience more growth than others in the short and long-term future. The challenge for crypto enthusiasts is to identify the best digital assets for 2021 with the highest potential to yield the best ROIs (return on investments).

eToro BAT chart

With that in mind, we consider Basic Attention Token to be one of the best cryptos to invest in the UK for the following reasons:

BAT addresses an ongoing problem

Intrinsically, online ads are a normal part of browsing through the internet. However, the issue stems from the biggest tech giants who monopolize online ads by tracking and monitoring user behaviour to saturate the world wide web with targeted and invasive online advertising.

Does BAT and Brave Browser provide a solution to the growing issue that is online advertising? Brave Browser was created by Brendan Eich and seeks to revolutionize the way companies market their ads online, transitioning from a quantitative to a qualitative approach. Brave Browser was also set up to provide fair distribution of ad revenues to marketers, publishers and users. Brave Browser uses a blockchain-based payment gateway with the Basic Attention Token at the forefront of its ecosystem.

Brave Browser has been downloaded over 100 million times

Unlike many other cryptocurrency concepts, Basic Attention Token is already a solution that can be used through its Brave Browser software. Brave Browser is available for Windows, OS X, and Linux computers, as well as iOS and Android mobile devices. Brendan Eich, the browser’s designer, claims that Brave Browser is 40% quicker on computers and 4 times faster on smartphones than Google Chrome.

BAT.org

Brave Browser achieves such high browsing speeds because it does not have to deal with cookies, trackers and the myriad of online ads that have become one with the functionality of global browsers such as Google Chrome and Apple’s Safari. 

On November 2nd, 2020 Brave announced that figures passed 20 million monthly active users and 7 million daily active users. This represents a 124.7% increase from the same period in 2019.  

CEO and co-founder of Brave Browser, Brendan Eich had the following to say about the strong performance of this new browser: “Users are fed up with surveillance capitalism, and 20 million people have switched to Brave for an entirely new Web ecosystem with an opt-in ad economy that puts them back in control of their browsing experience. The global privacy movement is gaining traction, and this milestone is just one more step in our journey to make privacy-by-default a standard for all Web users.”

Brave’s unprecedented growth is evident throughout the ecosystem:

  • As of November 2nd 2020 there are approximately one million Verified creators and publishers, up from 300,000 in 2019, a 3.2x increase in a year.
  • With over 2 billion ad confirmation events to date, Brave Ads campaigns are now supported worldwide. Over 460 advertisers have run 2,215 ads, which includes mainstream companies such as Verizon, The Home Depot, The New York Times, Progressive Insurance, Newegg, Chipotle, Chess.com, Privacy.com, PayPal/Honey, Ledger, Amazon, Harry’s Razors, CBS, KIND snacks, Logitech, Lenovo, Grubhub, Belkin, and more.
  • Brave Ads campaigns experience an average CTR (click-through rate) of 9% which is a lot higher than the current industry average of a mere 2%, with many brands reporting even higher impressions, traffic and engagement. 
  • Brave’s total supply of BAT is 1.5 billion and its current circulating supply is just under 1.49 billion, indicating its widespread appeal and adoption by users around the world. 
  • BAT price hit an all-time low of $0.06621 in 2017 but peaked at $1.65 in April 2021, representing an increase of 2392.07% within 4 years of its existence. 
  • Brave users can support content creators on YouTube, Twitch and other social networks and websites by activating Brave Rewards and its integrated Brave wallet that is compatible with both desktop and mobile devices. Brave Rewards allows users to send BAT as a donation for relevant and valuable content. Brave users earn Basic Attention Token by choosing to view Brave ads that maintain the users’ privacy. 
  • During the last year, Brave has merged with the likes of Gemini, Binance, Guardian VPN, TAP Network, and other top-trusted companies to boost its business offerings and the utilization of BAT as a dominant cryptocurrency. 

The Cost of Buying BAT

When you buy BAT in the UK, you will be charged fees in the same respect that you would when investing in or trading stocks or forex. With this in mind, there are two important fees to consider:

Deposit fees

Fees for deposits vary depending on the payment method and the platform’s pricing structure. Because eToro uses USD as its account base currency, it does not charge a fee for USD deposits. The 14 fiat currencies accepted by the discount broker are EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, and CZK. eToro charges a 0.5 percent fee when you deposit in non-USD currency. 

Trading Fees & Commissions

When you buy and sell any tradable asset, you will almost certainly be charged a trading fee and/or commission. Nevertheless, you can trade 17 cryptocurrencies on eToro without paying a cent in commissions. The spread, or the difference between the bid and ask prices, is the only fee you’ll have to pay.

For example, when buying BAT on eToro you will pay a spread of 2.9%. Digital assets can be stored in the secure eToro Money crypto wallet. eToro’s fully-fledged and secure crypto wallet provides multiple security features to protect against unauthorized access, including multi-signature facilities, DDoS protection, and standardisation protocols.

Risks of Buying BAT in the UK 

Cryptocurrencies are speculative financial instruments, and given their decentralized nature, they are prone to high levels of market volatility. So, before you buy BAT in the UK make sure you consider the following risks:

Volatility

The cryptocurrency markets are notoriously volatile. When you look at historical price charts you can see that crypto market prices have much higher peaks and lower declines when compared to other safe-haven investments such as spot gold. 

Regulations  

Even though cryptocurrencies are not regulated by financial regulatory bodies, online brokers and crypto exchanges are required to register with them to offer their services. Amidst growing concerns around money laundering the UK’s FCA has recently banned the crypto exchange Binance from conducting any regulated activity in the UK. 

BAT has Competition

Basic Attention Token is not the only DeFi token trying to revolutionize digital advertising. Some of BAT’s main rivals include the likes of DOVU, Experts.com, and Yieldbot. 

Selling BAT: A Quick Overview

Most long-term investors buy BAT to sell later for a profit. The selling process is often simple depending on the payment method and whether the crypto coins are held in a third-party or integrated wallet. 

For instance:

  • If you bought Basic Attention Tokens from the copy trading platform eToro and stored them in the eToro Money crypto wallet, by tapping on the button marked ‘Sell’ you could cash out immediately. 
  • The funds are then available to be withdrawn back to your bank account, debit card, or e-wallet. 

On the other hand, if you purchased BAT from a crypto exchange and stored the digital assets in a private crypto wallet, you would first need to deposit your Basic Attention Tokens back into the exchange and then sell it for another cryptocurrency or a fiat currency. 

How to Buy BAT UK – Conclusion

After reading this beginner’s guide you now have everything you need to know about buying BAT in the UK. We’ve covered all the key metrics from choosing the right crypto exchange or broker to the risks and benefits of investing in this digital asset. 

Are you ready to buy Basic Attention Token in the UK today? If so we recommend eToro because not only is it designed specifically for beginner traders, but it is fully regulated by the FCA, offers copy trading tools, and allows you to trade cryptos with tight spreads and zero commission. 

To get started right away, simply follow the link below and start trading with 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

FAQs

What is Basic Attention Token?

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About Dassos Troullides PRO INVESTOR

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, and crypto trading. In particular, Dassos is skilled at breaking down complex financial topics to help new and advanced investors make better trading decisions. Dassos also writes for TradingPlatforms.com, BuyShares.co.uk, LearnBonds.com, InsideBitcoins.com and ForexCrunch.com