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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
$50
Mobile AppYes
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
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.
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 2022
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
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.
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 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.
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 trading
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.
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 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
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 and
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.
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.
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
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 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.
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.
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 with
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.
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.
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.
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.
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.
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.
83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko
Select Broker
Rating
5.0
4.3
5.0
Mobile App Rating
10/10
9/10
1/10
Mobile App
Wallet
Number of Coins
74
15
60
Trading Fees
Spreads
N/A
N/A
Deposit Fees
N/A
N/A
N/A
Withdrawal Fees
5 USD
N/A
N/A
Regulated
N/A
CBI and MiFID in Europe
N/A
Min. Deposit
50$
$100
N/A
Leveraged Trading
N/A
1:2 for cryptocurrencies
N/A
Bitcoin
$22574.89
$22429.61
$22440.79
Ethereum
$1582.56
$1572.37
$1577.86
XRP
$0.37
$0.37
$0.37
Tether
$1.01
N/A
$1.01
Litecoin
$89.74
$89.38
$89.29
Bitcoin Cash
$125.37
$125.68
$125.74
Chainlink
$6.89
$6.92
$6.83
Cardano
$0.33
N/A
$0.34
IOTA
$0.22
$0.22
$0.22
Binance Coin
$294.85
N/A
$292.22
Stellar
$0.09
$0.09
$0.09
Bitcoin SV
N/A
N/A
$37.57
EOS
$1.18
$1.18
$1.18
Monero
N/A
N/A
$146.85
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller
Giropay
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.
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.
Basic Attention Token
