Basic Attention Token (BAT) is the decentralized digital currency designed to improve digital advertising. You can perform BAT exchange at BestRate.org. This cryptocurrency is designed to improve the efficiency of online advertising. The issues that it aims to resolve are related with advertising costs, decreasing the phone battery due to mobile ads, privacy violation, etc. The BAT plaform can be helpful for advertisers, as well as for publishers and users.
The token BAT that is based on Ethereum and fuels the project can be exchanged within advertising network of publishers, advertisers and users. Also, it provides a lot of options for services that depend on user attention. BAT can be used on the Brave platform which is used for tracking and managing activities of the advertising network.
In order to exchange Bitcoin to Litecoin you need to set up a wallet for both of these currencies first. We recommend to use the wallet named Jaxx.
Set up Jaxx wallet on your PC
1. First, you need to install the Jaxx application on your PC. You can do it by the link below:
2. If you have multiple alternative currencies select the custom wallet:
3. Select the virtual currencies you possess, including BAT:
4. Select the fiat currencies you possess:
5. On the next step, Jaxx will ask you if you want to backup your wallet. Agree, as this is very important in terms of security of your digital funds.
6. Jaxx will generate a mix of 12 words that are not related with each other, which makes it really difficult to remember. Write down this word set somewhere in a paper notebook or any other item that can’t be hacked via internet.
7. Type this word mix on the next step:
8. Then Jaxx will ask you if you want to set up a security PIN. Agree and proceed to the next step. Set up your 4-digit PIN-code and verify it:
That’s it, now you have a Jaxx wallet on your PC.
How to exchange Bitcoin to Basic Attention Token
If you want to exchange BTC to ANT using some other cryptocurrency you possess, first select the currency you own and put in the amount.
Select the BAT exchange rate that works best for you.
Type your BAT wallet address to the textfield.
After that BestRate.org will generate the address for you. Copy it, and after that you will see that the transaction was created, its status will be on your screen.
How to sell Basic Attention Token
If you want to sell Basic Attention Token and buy another type of digital currency, first select the currency you want to buy and put in the amount. Then repeat all the steps described above.
BestRate.org provides you with the best BAT exchange rates so that you could maximize your profits.
Advantages of using BAT
BAT cryptocurrency and the Brave browser give advertisers, publishers and users the following advantages.
The data that the Brave browser collects about users’ online behavior never leaves the device. The third-party trackers are blocked by default and can’t get any information about the users.
Improved ad matching
The browser gather such information about users as the URLs they visit, active tabs, search keyword entry data, browsing history, etc. All this information allows advertisers to target their campaigns to the users that are really interested in the product.
As users don’t have to call out to external servers for tracking scripts on every page they open. This helps them to browse pages faster and to spend mobile battery less.
Any asset secured by cryptography can be called a cryptoasset. Launched in 2008, bitcoin is the first cryptoasset in the financial world, as all other altcoins are its derivatives. In most cases, cryptoassets are based on blockchain technology.
The online platform where you can exchange Bitcoin for altcoins or trade altcoins directly between one another.
This is the name of a public ledger where all the crypto transaction history is kept.
Market capitalization is a very important index for any cryptoasset as it shows the strength of this or that coin. It is calculated by multiplying the total value of the coin supply by the price per coin.
BAT investment strategy
Cryptocurrency trading has given crypto enthusiasts an excellent tool for making money. High volatility of the market makes it possible to make good gains on day-trading.
However, if you don’t want to spend most of your time looking for buy-sell signals you can use “buy&hold” strategy. In this case, you buy BAT, keep it on your wallets till its price grows and then sell it for profit.
BAT has a good technology in its basement and it has all the chances to take over traditional browsers offering its users relevant advertising. This will make its price soar.
The service TradingView can be helpful for such a strategy as it allows you to set up notifications for the price changing.
Please, note that we don’t give any financial advice here, This article is for information purposes.
Where to keep BAT
Ledger Nano S
This is a hardware wallet and it is considered one of the most secure tools for storing cryptos. With this hardware device only you have access to your funds as it is not connected to the world wide web. It’s fully compatible with Mac, Windows, Linux and Android and gives you freedom to keep as many BAT coins on it as you wish.
As Basic Attention Token is based on a ERC20 standard, it can be stored on MyEtherWallet together with similar altcoins.
How to transfer BAT securely
Cryptocurrencies give their users freedom to transfer funds without having to pay high fees for the third-party governance systems. Such transactions are cheap and fast and are much more effective than traditional ways of payment.
However, the lack of authority to govern transactions can lead to money losses if you are not attentive enough. If you send your BAT coins to a wrong address nobody wll help you to retrieve them.
Here are security the best practices for transferring BAT coins.
Never type a wallet address manually
BAT wallet addresses consist of many digits and numbers and are very hard to memorize. If you type the BAT wallet address manually there’s a very good chance to make a mistake and lose your coins. That’s why you should always only copy and paste recepients’ addresses and never type them manually.
Look up the transaction fee
Typically, transaction fees with cryptocurrencies are much lower than what banks and other traditional financial institutions charge you. However, you should still be careful and look up the fee before sending BAT to make sure that the sum is reasonable.
Double check the address
Cryptocurrencies are a juicy target for all sorts of hackers. There are special visures on the web that are designed for stealing your digital coins. When such a virus penetrates your PC it changes your recipient’s wallet address to the one that belongs to hacker and thus you send your coins to an evildoer.
To avoid losing your funds in such a way always check the address where you plan to send oyur coins. Look up for the first and the last few items of the address and make sure that they are correct.
Test before sending
If you plan to send a really big amount of BATs to your recipient make a test transaction first. Send a small amount of coins, and if everything works smoothly send the rest.