TOP > Cryptocurrency > How to Buy Basic Attention Token (BAT) in the Philippines
November 16, 2018 Updated

By using the Brave browser, publishers, advertisers, and users can earn and exchange BAT powered by the ethereum blockchain.



Basic Attention Token (BAT) and its own web browser, Brave, are disrupting the landscape of digital advertising. By using the Brave browser, publishers, advertisers, and users can earn and exchange BAT powered by the ethereum blockchain.

As of this writing (October 3, 2018), in order to get BAT, you will need to purchase it through cryptocurrency exchanges. In this article, we will teach you how you can buy Basic Attention Tokens in the country.

What is Basic Attention Token (BAT)?

BAT is the token for its Brave platform, a web browser that has a built-in ad blocking system and protects its user’s personal information.

How does it work?

Brave browser blocks malvertisements and trackers. It uses the ethereum blockchain’s ledger system to anonymously track the sites and content you’ve visiting so its publishers can be paid with BAT.

So I’m still getting tracked?

Yes, but the information gathered is completely anonymous and will never leave your device. It will just let Brave know what advertisements are most relevant and what you’d want to see. Aside from that, for every “attention” you give to an advert, Brave will calculate its “Attention Value” to reward the advertisers and publishers.

With the “attention” the user provided, the user will get BAT, the Brave browser, advertiser, and the publisher. It is a way for users to monetize their “attention” while also giving back to the advertiser, publisher, and the browser.

“Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.” – Basic Attention Token website

Where to Buy Basic Attention Token in the Philippines?

You will need to use cryptocurrency exchanges such as Abra, Changelly, and traditional trading platforms in order to get one.

Step 1: Getting BTC

In order to buy BAT in cryptocurrency exchanges, you will need to fund your cryptocurrency wallet with BTC first. We will choose BTC as it is one of the most liquefiable crypto in the market. You can easily purchase bitcoin in the Philippines through cryptocurrency wallets such as Cons.ph, Abra, or Changelly.

How to Buy Bitcoins using Coins.ph

Coins.ph is one of the top cryptocurrency wallets in the Philippines because of its convenience. It received its virtual currency exchange license from BSP on September 2017. As of this writing, the wallet can support PHP, BTC, ETH, BCH, and XRP. (As of October 3, 2018)

Steps:

  1. Sign up and Register for a Coins.ph account (Register here!)
  2. Verify your account and complete necessary KYC (know-your-customer)
  3. Have your Philippine fiat ready and cash in your account via:
    1. 7-Eleven Cliqq Kiosk
    2. Palawan Pawnshop
    3. UnionBank or other bank accounts
  4. Once you have PHP in your Coins.ph wallet, convert it to BTC
  5. Transfer this BTC to your cryptocurrency exchange of choice.

How to Buy Bitcoins using Abra

  1. Register to Abra (Register here! Don’t forget to start with +63 for Philippine numbers.)
  2. Verify your account and complete the necessary KYC.
  3. Have your Philippine fiat ready and add money to your wallet by using
    • Union Bank account
    • Abra teller
    • Tambunting Pawnshops and other affiliated pawnshops
    • Bitcoin transfer
    • Litecoin transfer
    • Bitcoin Cash transfer
  4. Once you have your account funded, you can now exchange it to bitcoin (BTC)

How to Buy Bitcoin using Credit Card / Debit Card

If you want to buy BTC using your credit/debit card, you can also choose Changelly. It is a cryptocurrency broker that will also let you purchase litecoin, bitcoin cash, and ether using your card.

Steps:

  1. Sign up and register to Changelly (Register here!)
  2. Choose as to whether you want to purchase crypto using USD or EUR
  3. Choose what token you want to purchase. It can be bitcoin, bitcoin cash, litecoin, or ethereum.
  4. Put your correct token address. For the sake of this article, put your BTC address.
  5. Complete the KYC requirements.
  6. Input your credit card or debit card information.
  7. Verify if all the information is correct.
  8. Receive your tokens.

Step 2: Trading your BTC to BAT

Abra

Abra is a cryptocurrency wallet and exchange app that lets its user exchange different cryptocurrencies and fiat within its app. Currently, it has three natively supported coins bitcoin, litecoin, and bitcoin cash. Users can exchange these tokens to 25 other cryptocurrencies and 50 fiat currencies.

Steps:

  1. Register to Abra (Register here! Don’t forget to start with +63 for Philippine numbers.)
  2. Verify your account and complete the necessary KYC.
  3. Have your Philippine fiat ready and add money to your wallet by using
    • Union Bank account
    • Abra teller
    • Tambunting Pawnshops and other affiliated pawnshops
    • Bitcoin transfer
    • Litecoin transfer
    • Bitcoin Cash transfer
  4. Once you have your account funded, you can now exchange it to *basic attention token (BAT).

*Since BAT is not a natively supported token, in order to withdraw the token, you will need to exchange it first to either bitcoin, litecoin, bitcoin cash, or any fiat currencies.

Changelly

Changelly is a cryptocurrency broker, this means it works just like a money changer and changes one token to another. Unlike traditional trading platforms, users can not set their own buy/sell price but instead have to use the token’s market price. Changelly has over 100 altcoins that you can exchange and can also let you buy bitcoin using a credit card/debit card. Transactions using Changelly is easy and quick as it can only take 5-30 minutes.

Steps:

  1. Sign up and register to Changelly (Register here!)
  2. Choose the token “YOU HAVE” to BTC. Input the amount of BTC you have.
  3. Choose BAT on “YOU GET”.
  4. Click on Exchange!
  5. You will go to the next page, don’t forget to tick on the “I’ve read and agree…” and click on Next.
  6. Put your BAT address. Click on Next.
  7. Confirm the transaction if it’s correct. Click on Next.
  8. Changelly will give you a QR code to scan where you can send your BTC. You can also copy the address.
  9. Wait for the exchange within 5-30 minutes.
  10. Receive your BAT in your BAT Wallet.

Traditional Cryptocurrency Exchanges

Traditional cryptocurrency exchanges are your traditional open book trading platforms. Users of this kind of exchange have the ability to set their own buy/sell price or use the market price of a token. In BAT, there are various trading pairs available such as BAT/BTC, BAT/ETH, BAT/KRW, BAT/TRY, BAT/BNT, BAT/BNB, BAT/USD, BAT/USDT, BAT/PLN, BAT/INR, and BAT/WETH. For the sake of this article, we will go with the BAT/BTC pair.

Steps in Buying BAT using Binance

  1. Register and verify your e-mail address (Register to Binance here!)
  2. Fund your Binance account by going to Funds > Deposit > BTC
  3. Use your BTC in your cryptocurrency wallet such as Coins.ph, Abra, Bitbit.cash, etc and then transfer it to your Binance wallet.
  4. Go to Exchange and search the BTC/BAT trading pair
  5. Put the amount of BAT you want to buy and you can either set the price or buy using the market price.
  6. After completing the purchase, go to Withdraw > BAT.

The steps shown above are almost the same in other traditional cryptocurrency exchanges.

BAT Wallet

Basic Attention Token (BAT) is an ERC-20 compliant token. This means MyEtherWallet or any wallet that supports ERC-20 token can store it. Its browser, Brave, also has its own wallet. Hardware wallets such as Ledger Nano and Trezor are also compatible and will keep your tokens safe.

Lifetime BAT Price Chart

CoinMarketCap recorded the very first BAT price at 0.168230 USD on June 1, 2017. Its price went on a roller coaster ride when it dipped to its lowest at 0.069762 on July 16, 2017. Just like other cryptocurrencies that got its peak in December 2017 to January 2018, BAT peaked at 0.953641 USD on January. As of this writing, the token price is still highly volatile but for the month of September, it is dancing around 0.15 to 0.2 USD a piece.

BAT – Different from other Coins

Basic Attention Token is a reward for Brave users, advertisers, and publishers. It disrupts digital advertising by using its own Brave browser with its ad blocking abilities. Its users can also earn BAT by giving their “attention” to the advert.

Basic Attention Token Key People

  • Brendan Eich, Founder, Vision, Strategy, BAT (LinkedIn)
  • Brian Bondy, Co-Founder, Browser Engineering Lead, BAT (LinkedIn)
  • Yan Zhu, Security & Privacy Engineering, BAT
  • Scott Locklin, BAT Smart Contracts & Economics, BAT (LinkedIn)
  • Bradley Richter, Brand & Interaction Design, BAT (LinkedIn)
  • Catherine Corre, Communications, BAT (LinkedIn)
  • Brian Brown, Go-to-Market, BAT
  • Marshall Rose, Ledger & Wallet Systems, BAT (LinkedIn)

Overall

BAT is the primary token used in the Brave browser. It is the reward that Brave users, advertisers, and publishers get. The Brave browser has its own native ad blocker that blocks malvertisements and trackers. It uses the ethereum blockchain to anonymously track the sites and content you’re visiting so its publishers can be paid with BAT. The team stresses that the information gathered is completely anonymous and will never leave your device.

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