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Where to Buy Biconomy Token  – Beginner’s Guide

Biconomy aims to simplify blockchain transactions and offers premium functionalities. Our guide reviews how to buy BICO token in minutes via an FCA regulated crypto platform.
is Biconomy worth buying
is Biconomy worth buying

Biconomy is a multi-chain relayer protocol. It aims to simplify blockchain transactions and enhance the Web3 experience for developers. Its native token is BICO, which is in high demand among crypto investors with many recent CEX listings.

This guide focuses on the best platforms to buy Biconomy and where to store BICO tokens. If you are a new investor, this beginner’s guide will guide you through the process of investing in Biconomy.

How to Buy Biconomy – Step By Step Guide

  • Step 1: Open an eToro Account – Visit the eToro.com website and create a free account. Enter a username, email id, and password to create an account. Being a regulated platform, KYC is mandatory on eToro. Upload your driver’s license or passport as identification to verify your account.
  • 💳 Step 2: Deposit Funds – Make a deposit using any mode of payment like a credit card, debit card, bank transfer, PayPal, Neteller, or another mode of payment.
  • 🔎 Step 3: Search for Biconomy Coin – Type “BICO” into the search bar and click on search.
  • 🛒 Step 4: Buy Biconomy Coin – Click on “open trade”, enter the amount of BICO you want to buy and then click on ‘Trade’ to execute the order.

Buy Biconomy Now

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Where to Buy Biconomy?

We have listed down some of the top platforms that offer Biconomy as a tradable asset. The following platforms are chosen on the basis of important factors like competitive fee structure, regulations, safety features, and ease of use.

1. eToro – The Top Regulated Platform to Buy Biconomy

eToro is one of the leading social trading platforms for buying Biconomy. It listed the token on 31st eToro exchangeMay 2022 as a tradable asset, and has 70+ other cryptos available.

It is considered as one of the most reliable platforms for buying crypto for being regulated. It holds operating licenses from the Australian Securities and Investments Commission (ASIC), the Financial Industry Regulatory Authority (FINRA) in the United States, and the Financial Conduct Authority (FCA) in the United Kingdom.

As it operates under the scrutiny of government authorities, it ensures the highest transparency and safety for its users.

etoro buy biconomy

eToro has the most competitive fee structure, which makes your trading cheaper as compared to other platforms. It charges a flat fee of 1% for buying and selling crypto. This fee is automatically added to the market price of the token.

There is no joining fee. All eToro users receive receives a $100,000 demo account for free to help them practice demo trades.

There are no charges for fund deposits. However, $5 is charged for every withdrawal. The minimum withdrawal allowed is $30, while the minimum deposit is $50 ($10 for US and UK residents).

It is one of the most preferred platforms for new investors because it has a user-friendly dashboard. The website and the mobile app are both easy to use and navigate through each option. Its copy trading and copy portfolio features help new investors to imitate the trades of successful investors. Those who do not have much knowledge about trading or which crypto to buy can simply copy their moves and earn huge ROIs.

Pros
  • Competitive fees
  • Highly regulated and safe
  • Various deposit options
  • Easy-to-use platform
  • Excellent for new investors
  • Supports crypto, CFDs, stocks, ETFs
Cons
  • $5 withdrawal fee
  • Lacks advanced trading features
  • Supports staking for only 3 tokens

Buy BICO on eToro

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2. Crypto.com – Buy Biconomy with a Debit Card

Crypto.com currently offers a wide selection of cryptocurrencies (over 250) and has a user base of 50 Crypto.com logomillion. It provides good earning opportunities to its users by providing up to 14.5% per annum interest on crypto holdings.

It supports 20 plus fiat currencies to purchase cryptos. The platform’s Visa card is accepted for selected merchant payments and offers attractive discounts and rewards. It also works as an ATM card to withdraw money.

Bico crypto dot com

It recently added NFTs to its list of tradable assets and offers a wide range of NFTs for buying and selling. No fees are charged for purchasing NFTs.

The minimum average deposit for trading on Crypto.com is $1. The platform is available as a mobile app as well that is compatible with iOS and Android phones. Crypto.com facilitates various funding options such as credit/debit cards, ACH transfers, crypto.com Pap, and more.

Pros
  • Wide range of crypto assets
  • Various payment options
  • User-friendly interface
  • High interest rate on crypto holdings
Cons
  • High debit/credit card fees

Buy BICO on Crypto.com

Your capital is at risk

3. Binance – Best Place to Buy Biconomy for Advanced Traders

Binance is the largest crypto trading platform in terms of trading volume, It is highly preferred byBinance experienced traders and investors as it offers customizable technical charts with built-in indicators. These help in doing advanced technical analysis for active trading.

It charges the lowest trading fees by charging a flat rate of 0.1% of each trade. For investors who make transactions using the platform’s native token Binance Coin (BNB), the charge is much lower.

Bico Binance

The minimum deposit required is just $10. Users can use various deposit methods. P2P transfer of crypto is also available. There are no charges for deposits. Withdrawal fees are charged, which are determined by the blockchain network.

It offers a large selection of crypto pairs and trading pairs. Through its Binance Earn programs, users can earn staking rewards on their cryptos and as well as interests.

Binance makes KYC mandatory to keep user funds and information safe.

Pros
  • Huge customer base
  • Low trading fees
  • Multiple payment options
  • Wide options of cryptos
Cons
  • High debit card/credit card fees
  • No regulation

Buy BICO on Binance

Your capital is at risk

4. Coinbase – Best User-friendly Platform to Buy Biconomy

Coinbase is yet another user-friendly platform that makes the trading experience a seamless one for Coinbase Logonew investors.

The platform is licensed to engage in money transmission in most U.S. jurisdictions. It is also registered as a Money Services Business with FinCEN.

The platform has put in place advanced security features to protect users’ holdings and personal information from malicious attacks. Its wallet service can be used by users to store their cryptos in cold storage directly on their devices.

Bico coinbase

The major drawback is the fee structure. The maker fee ranges from 0.00 to 0.40 % while the taker fee ranges from 0.05% to 0.60% depending on the pricing tier.

Available deposit and withdrawal modes are ACH, Wire (USD), SEPA (EUR), and Swift (GBP). Credit card and debit card transactions are also allowed but attract higher transaction fees.

Pros
  • User-friendly interface
  • Diversified crypto assets
  • High liquidity
Cons
  • High deposit fees
  • High withdrawal fees
  • High trading fees

Buy BICO on Coinbase

Your capital is at risk

What is Biconomy?

Biconomy is a developer platform launched with the aim of simplifying dApp transactions by eliminating common bottlenecks that exist in blockchains. Its plug-and-play solution and simple APIs make web3 interactions smooth and seamless for end-users.

what is biconomy

Biconomy’s infrastructure provides the following advantages for users:

  • Users can get on board with the protocol without paying gas fees
  • Users can pay gas fees in any ERC 20 token of their choice
  • Users can use third parties to pay for transaction fees
  • Eliminates various other blockchain complexities
  • Fast settlement of transactions
  • Provides a non-custodial and gas-efficient relayer infrastructure network

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Is Biconomy a Good Investment?

Biconomy aims to revolutionize the Web3 experience for users by addressing the common complexities of blockchain. The following features make it a good investment option-

Non-Custodial and Trustless

It provides a non-custodial platform for users. It does not manage or save users’ private keys. As such, it does not have access to users’ data.

Developer Friendly

Its easy plug-and-play solution makes it an intuitive platform for developers. No major code changes are required. It is compatible with most existing systems and Web3 wallets as well.

Scalable Relayer Infrastructure

Highly scalable; both horizontally and vertically to integrate with your DApp and other blockchain transactions.

Platform and Blockchain Agnostic

Provides a multichain network to facilitate cross-blockchain communication. The platform can be integrated using Javascript SDK. Its APIs can also be used on other platforms.

Multi-Currency Support

On most blockchain networks, users can pay transaction fees only through the underlying powering token. However, Biconomy supports any ERC20 for carrying out network transactions on the ETH blockchain.

What is BICO Used For?

 BICO is the native utility and governance token of the Biconomy protocol. It is used for the following purposes:

  1. Governance:

Being a governance token, it provides its holders with the right to propose and vote for changes in the Biconomy protocol. Such changes include introducing additional services, changing the network’s code and disbursement of treasury funds.

  1. Network Fees:

It is the fueling token of the protocol. Transaction fees across the protocol are paid in BICO by node operators. They also earn in BICO when they perform any work on the network.

  1. Staking:

Staking is allowed for holders, validators, and executors. Rewards are earned in BICO in proportion to the BICO stake. The network also slashes BICO stakes when bad behaviour is identified on the part of validators and executors.

Biconomy Price

Biconomy is currently trading at a market price of approximately $0.55 with a market cap of $80 million. The price of the token has shown considerable growth in the first half of 2022.

Biconomy price

After making some corrections in the month of Feb, March, and Apr 22, its price began to rise from May 22 and is currently displaying a bullish trend.

Biconomy‌ ‌Price‌ ‌Prediction‌

BICO’s price is predicted to cross the mark of $2.14 by the end of the year 2022. For 2023, it is predicted that the BICO price will remain in the range of $2.03 to $2.39.

By the year 2025, BICO is expected to reach a new high of around $3.32.

Buy BICO Now

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Ways‌ ‌of‌ ‌Buying‌ Biconomy

Here are some of the ways through which you can buy Biconomy:

Buy‌ ‌Biconomy‌ ‌with‌ PayPal‌

If you don’t wish to provide your bank details on the exchange, you can choose to pay with Paypal. You will need to open a Paypal Account (if you don’t have one already) and then connect your exchange account to PayPal.

eToro supports Paypal to buy Biconomy without paying any deposit fee only if paid in USD.

Buy‌ ‌Biconomy‌ ‌with‌ ‌Credit‌ ‌or‌ ‌Debit‌ ‌Card‌ ‌

You can also use your debit or credit card for buying Biconomy. However, credit card charges are generally high on almost every platform. Further, your bank and card charges will additionally increase the cost. However, eToro does not charge any additional transaction fee for buying through a debit or credit card.

Best‌ Biconomy ‌Wallet‌ ‌

To store your Biconomy holdings safely and securely, we recommend using the eToro wallet. It has in place the highest encryptions to protect your data against unauthorized access and tampering.

Further, it uses two-factor authentication (2FA) and analytic behavior machine learning to safeguard your assets.

eToro allows users a secure way to recover their data in case they ever lose access to their private keys.

Etoro wallet

eToro Crypto Wallet is used by Investors for storing NFTs and Cryptos

However, there are other wallet options as well if you want to explore them. But first, you must know how crypto wallets work, the different types of wallets and their features.

Crypto wallets are directly connected to an asset’s blockchain. When any transaction of buying or selling is made, the waller is automatically updated.

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Types of Wallets, Which are Highly Recommended for Cryptos-

  • Hardware Wallet

A hardware wallet is also known as a cold storage wallet. It stores your keys offline and therefore is very difficult to hack. It is very convenient for day-to-day use but is a little expensive.

  • Software Wallet

A software wallet is similar to software that runs on your computer or laptop. It is always online and hence more vulnerable to cyber threats.

  • Mobile Wallet 

A mobile wallet is a software wallet that is supported only on mobile devices. With a mobile wallet, sending and receiving cryptos across peers is very easy and convenient. It is also very prone to cyber-attacks.

How‌ ‌to‌ ‌Buy‌ ‌Biconomy‌ ‌-‌ ‌Tutorial‌ ‌

eToro is our top recommendation for the best platform to buy Biconomy. The following tutorial will help you to execute your first Biconomy order:

1st Step – Sign Up with eToro

Go to the eToro home page to register on eToro Official Website. Enter your email and password, choose a username and create your account. There is no account-opening fee charged on eToro.

etoro signup

2nd Step – Complete KYC

Without completing KYC, you cannot proceed to trade. To verify your account, click on the “Verify” option on your profile page. Upload your identity documents and complete the process.

etoro verification

3rd Step – Deposit Funds

Deposit funds through your preferred deposit mode. Click on the “Deposit” button at the bottom right corner and type the amount you want to deposit to your eToro account.

etoro deposit funds

The minimum deposit is $10 for UK and US residents.

4th Step – Buy BICO

Go to the search bar and search for “BICO.” Click on “Open Trade” button, enter the amount you’d like to buy and click on “Trade.”

etoro buy biconomy

Buy BICO on eToro Now

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How to Sell Biconomy

  • Click on the “Portfolio” button to view the coins available
  • Select “BICO”
  • Click on the red cross on the right side
  • A pop-up will appear with the coin’s value and your profit or loss of the trade at that price
  • Click on “Close Trade” ‌to execute the sale

Conclusion‌ ‌

Above is your complete guide on where to buy Biconomy. It is a promising investment option for the manifold advantages offered by the platform over other blockchain platforms.

All the above-mentioned platforms are good to go for buying BICO. But our top recommendation is eToro. The platform is safe, secure, user-friendly, and highly regulated.

Read More:

eToro - Our Recommended Crypto Platform

Our Rating

eToro exchange
  • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
  • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
  • Free Demo Account, Social Trading Community
  • Free Secure Wallet - Unlosable Private Key
  • Staking Rewards for holding ETH, ADA or TRX
  • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
eToro exchange
68% of retail investor accounts lose money when trading CFDs with this provider.

FAQs When Buying Biconomy

Which is a reliable exchange to buy Biconomy?

Many exchanges enable the trade of Biconomy coins. However, you must always go for a regulated exchange as this will ensure that the exchange is compliant with all the regulations. We recommend using the reputed social trading platform eToro.

Is Biconomy a good investment?

It can be a good long-term investment. Biconomy 2025 price forecast predicts the price to increase double compared to what it is right now. Although cryptocurrencies are highly speculative, according to some analysis, Biconomy might cross the $3 mark in 2025.

What’s the price of Biconomy now?

The price of Biconomy at the time of writing this is $0.5559 for one BICO. BICO has a current circulating supply of around 144,000,000 coins.

What’s the all-time high for Biconomy?

The all-time high for Biconomy was $21.45 in December 2021.

Will Biconomy reach the $10 mark soon?

Biconomy will not reach the $10 mark soon. It has drastically increased since its all-time high in December last year. However, some speculators are hopeful of it gradual growth in price, given that people adopt the coin and use it more for transactions.

Where should I store my Biconomy coins?

Storing your BICO coins or any other cryptocurrency is easy. When you use reliable platforms like eToro and Binance, you can simply store your holdings in their wallets. Note that when you buy the BICO coin, it is deposited into your account. You have the option of sending it to an external wallet if you wish to move your coins out of an exchange.

Is KYC mandatory for eToro users to trade Biconomy?

Yes. The KYC process is a necessary part of trading on eToro. To complete the KYC, you will need to verify your identity by filling in relevant information and uploading the required documents. The purpose of this process is to ensure that only authentic users get through the platform, which helps to ensure protection against potential fraud.

Is there a limit on Biconomy total supply?

Yes. The transactional infrastructure network Biconomy has a total supply of 1 Billion BICO coins.

Is Biconomy on eToro?

Yes. Biconomy was listed on eToro in May 2022.

Is Biconomy on Binance?

Yes. It is available on Binance. It was listed on the platform in December 2021.

Is Biconomy on Coinbase?

Yes. The platform listed the token in December 2021.

Has crypto.com listed Biconomy for trading?

Yes. It listed Biconomy on its platform in December 2021.

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