Zengo provides a safe and secure platform to swap Bitcoin (BTC) for Basic Attention Token (BAT). Following this guide, you will learn how to swap your BTC into BAT tokens or vice versa with a few easy steps.
Bitcoin (BTC) is the first cryptocurrency that has gained widespread acceptance and recognition. Initially developed in 2008 and officially released in 2009 by the anonymous person Satoshi Nakamoto, the digital currency has gained global recognition. It is also an open-source, public-domain cryptocurrency, meaning anyone can get involved. Bitcoin operates independently of traditional banking structures and promotes a democratized financial ecosystem. Bitcoin runs on a blockchain, a network of connected data blocks that keeps track of individual transactions. Moreover, Bitcoin harnesses a proof-of-work (PoW) algorithm, enabling coin creation through mining. The growing popularity of Bitcoin as a payment gateway is undeniable, with many international firms embracing it. As a result of its worldwide recognition, it has become more valuable and pronounced in global commercial organizations.
The Basic Attention Token (BAT) is an ERC-20 token launched by Brendan Eich and Brian Bondy in 2017 and is based on the Ethereum network. It is a currency used by Brave as part of its web browser. A minimal amount of BAT can be earned by using Brave. The platform aims to improve efficiency and fairness in digital advertising, offering rewards to holders for viewing advertisements and fair compensation to content creators.
A safe and secure platform is available at Zengo for users who wish to trade BTC for BAT. To proceed, download the Zengo app from Google Play or the Apple App Store. Once you have set up an account and completed the onboarding process, you can start trading.
When your Zengo account is set up, follow these instructions to swap your BTC for BAT:
Open your Zengo app and click the “Actions” button on the main menu.
Then press “Trade.”
Select the BTC and BAT pair (or vice versa) and type in the amount you wish to trade.
Please review all the details of the transaction and press “Confirm.” Zengo will notify you once the transaction is completed.
Swapping BTC for BAT with Zengo’s advanced wallet is safe and efficient. Below are some reasons for choosing Zengo as your primary crypto and NFT wallet:
Zengo, as a non-custodial wallet, delivers safe and secure access to your digital holdings and allows you to maintain complete control over your private keys. Zengo’s wallet combines top-notch security with ease of use, making it suitable for beginners and experienced traders.
Zengo lets you trade a broad spectrum of crypto assets at low and competitive fees. Zengo does not charge for wallet transfers, although network fees still apply. With Zengo, you can also choose the amount of gas you want to pay. It is possible to pay more for faster transactions, or you may save money if you are not in a hurry. You can learn more about our network fees here.
You do not need to worry if you lose your mobile device or accidentally delete the Zengo app. With Zengo’s smart biometric recovery system, you can access your crypto and NFT portfolios. In order to access your account again, simply reinstall the Zengo app, sign it, and use the face ID to confirm your identity and your digital assets will be accessible.
Cryptocurrency trading can be exciting for many, but there are also risks coming with it: the prices fluctuate considerably, and the market is largely unregulated. With Zengo, you have a secure platform for your cryptocurrency and NFT holdings, but remember, we don’t dispense any financial advice. Always conduct your research before investing in any type of crypto or NFTs.
If you have further questions, learn more about trading BTC for BAT with Zengo in the FAQ section below.
Bitcoin (BTC) is a decentralized token operating on its own blockchain platform. Two parties can carry out a Bitcoin transaction without the involvement of a third party. One of its unique features is its limited supply of 21 million coins and its proof-of-work consensus mechanism for creating new coins through mining. In contrast, the Basic Attention Token is a utility token that seeks to reshape digital advertising. The Brave browser rewards users for viewing advertisements and compensates content creators fairly.
A trade from one coin to another simply swaps a certain amount through Zengo’s swapping feature.
Yes, having a reliable crypto wallet is essential when trading BTC for BAT tokens. In Zengo, you get all of that, plus additional features and security.
Yes, minimum trading amounts may depend on market fluctuations. You can learn more about this currency pair’s minimum and maximum limits. Simply check the Zengo app, go to the trading function, and pick BTC and BAT to see the latest limits. Click here to learn more about Zengo’s fees and limitations.
Zengo’s non-custodial crypto wallet allows you to exchange BTC and BAT for various cryptocurrencies, such as ETH, DOGE, LINK, XTZ, SAND, and VGX. Specific pairs will be available based on current market conditions, so make sure you check the app first. To get the most up-to-date information, open the Zengo app, tap “Actions,” then tap “Trade,” and select your desired trading pair.
Yes, Zengo allows you to transfer your digital assets to external wallets without limitations. Access your Zengo app, choose BTC or BAT, click “Actions,” select “Send,” specify the amount and destination address, and follow the on-screen guidance to confirm the transfer.
Zengo will notify you once your BTC to BAT trade has been completed. The app’s transaction history also shows the status. When the trade is successful, it will change to “Trade Received” instead of “Trade Pending.”
Yes, through Zengo’s fiat-to-crypto on-ramp gateway, purchasing both BTC and BAT with fiat currency is possible. You can use payment methods like MasterCard, Visa, Apple Pay, and bank wire transfers with Zengo to buy digital assets. Begin your purchase by opening the app, tapping “Actions,” selecting “Buy,” choosing your desired token, and then setting the amount and payment method.
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