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Introducing Basic Attention Token (BAT)

Basic Attention Token (BAT) is a cryptocurrency designed to reward users for their attention and make the Internet more efficient. The token was originally proposed in a white paper by Brendan Eich, creator of JavaScript and co-founder of Mozilla. Shortly after its initial coin offering (ICO), BAT gained traction with both investors and developers alike. This page will hopefully tell you everything you need to know about Basic Attention Token.

What is Basic Attention Token (BAT)?

BAT is the token of the Brave Browser, a fast and private web browser that protects user privacy. BAT is a utility token designed to monetize user attention by allowing them to earn Brave’s Basic Attention Tokens (BAT) for viewing ads.

BAT can be used as a unit of account for ad-related services on the Brave platform. Advertisers will pay publishers in BAT based on user attention, and users will also reward content creators with BAT in return for their contributions to the platform.

Origins of Basic Attention Token (BAT)

Basic Attention Token was created in 2017 by Brendan Eich, creator of JavaScript and co-founder of Mozilla. BAT is an ERC20 token on the Ethereum blockchain.

Brave is a web browser that rewards users with Basic Attention Tokens (BAT) for their attention. Brave collects data about user browsing habits and then rewards publishers based on user engagement with content.

Basic Attention Token (BAT) in action

BAT is a utility token that rewards publishers, advertisers and users. BAT is used to buy ads on the Brave browser. Users can earn BAT for viewing ads or completing surveys. Publishers will be rewarded with BAT for their content and other contributions to the ecosystem, such as offering premium news articles free of advertisements.

Frequently asked questions

Is it safe to buy BAT on BTC Markets?

BTC Markets is an Australian-based exchange that allows users to purchase BAT using Australian dollars. If you're wondering whether or not it's safe to buy BAT in Australia, don't worry—at BTC Markets we take security seriously. We have ISO 27001 security and were the first Australian exchange to be awarded Blockchain Australia Gold accreditation.

BTC Markets was awarded the ISO 27001 certificate on the basis of its excellent risk management, operational flexibility and adaptability, data protection, customer and stakeholder trust, and legal compliance in one of the world’s fastest, most rapidly evolving industries.

How can I buy BAT with AUD Australia?

Whether you want to Buy BAT with AUD or Sell BAT with AUD you can be confident when using the BTC Markets exchange.

If you want to buy Basic Attention Token in Australia with BTC Markets, you have a variety of options available for purchasing. You can make payments through Osko or BPay which requires a personal bank account. Once you deposit your Australian dollars into your BTC markets account you can set a range of advanced orders to buy Basic Attention Token with AUD.

Is it easy to Sell BAT on BTC Markets?

If you want to sell your Basic Attention Tokens it’s easy with BTC markets. You can sell BAT directly at the active trading price through a market order or use BTC Markets advanced trading features to add your sale to our order book through limit orders at the desired sell price. Whichever you choose we have a range of options for traders to sell BAT in Australia in a safe and secure manner.

What can I do with my BAT holdings?

If you decide to be a trader of Altcoins and you make a decision on how to buy Basic Attention Token in Australia with BTC Markets, your next task is to decide how you intend to store your new assets. Basic Attention Token wallets in Australia are a top pick for many crypto traders due to their convenience and flexibility. The two main types of digital wallets are:

  • Hot wallets — A hot wallet is a storage system that operates on a browser or app and is usually connected to your trading platform. This gives traders the convenience of being able to trade, sell or store their Ripple in one place. However, cold wallet storage is more secure.
  • Cold wallets — These digital wallets can store your cryptocurrency offline, typically on a USB. Having your assets stored this way can reduce your risk of being hacked or exposed to other kinds of cybercrime. But keep in mind that if you misplace your cold wallet, you risk losing your assets. To prevent a mass loss, many traders opt to use a combination of cold and hot wallets to safeguard their assets.

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