Bitvavo makes Basic Attention Token as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Basic Attention Token?
Basic Attention Token (BAT) is designed to respond to the shortcomings in the current advertising market. Basic Attention Token wants to use blockchain technology to set up a decentralized platform on which advertisers pay to be allowed to advertise, whereby publishers receive a fee for the content they create and where users are paid to watch advertisements (on a voluntary basis). All these payments are made in Basic Attention Tokens.
How does Basic Attention Token work?
Basic Attention Token is based on the Ethereum blockchain and is used within the Brave internet browser. All advertisements are automatically blocked and only the advertisements that are open to the user are displayed. In this way, users only see advertisements that they are interested in, advertisers only pay for users who are actually open to the advertising and publishers receive a fair compensation. All these transactions are settled in the Basic Attention Token, which can be sent free of charge between the relevant parties.
How to buy Basic Attention Token?
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Basic Attention Token. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
How to store Basic Attention Token?
Storing Basic Attention Token and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Basic Attention Token without any technical knowledge. Here is a brief overview of the existing wallet options to store your Basic Attention Token:
Hosted wallets are wallets where the private keys to your Basic Attention Token are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Basic Attention Token online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Basic Attention Token. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Basic Attention Token, and if malicious parties have access to your device, your private keys (and therefore your Basic Attention Token) can be stolen.
A hardware wallet is a physical device on which you can store your Basic Attention Token offline. It is one of the safest ways to store your Basic Attention Token, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Basic Attention Token is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Basic Attention Token. Once you have purchased Basic Attention Token on Bitvavo, you can choose to send your Basic Attention Token from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.