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 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 ‘Trade’ to execute the order.
Your capital is at risk
Where to Buy Biconomy?
We have listed some of the top platforms offering Biconomy as a tradable asset. The following platforms are chosen based on essential 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 
May 2022 as a tradable asset and has 70+ other cryptos available.
It is considered 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 has the most competitive fee structure, making your trading cheaper than 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 a free $100,000 demo account 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 imitate successful investor trades. Those who do not have much knowledge about trading or which crypto to buy can simply copy their moves and earn huge ROIs.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
- Competitive fees
- Highly regulated and safe
- Various deposit options
- Easy-to-use platform
- Excellent for new investors
- Supports crypto, CFDs, stocks, ETFs
- $5 withdrawal fee
- Lacks advanced trading features
- Supports staking for only 3 tokens
Your capital is at risk
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 
million. 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.
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.
- Wide range of crypto assets
- Various payment options
- User-friendly interface
- High-interest rate on crypto holdings
- High debit/credit card fees
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; Experienced traders and investors highly prefer it 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.
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 interests.
Binance makes KYC mandatory to keep user funds and information safe.
- Huge customer base
- Low trading fees
- Multiple payment options
- Wide options for cryptos
- High debit card/credit card fees
- No regulation
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 seamless for 
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. Users can use its wallet service to store their cryptos in cold storage directly on their devices.
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 and debit card transactions are also allowed but attract higher transaction fees.
- User-friendly interface
- Diversified crypto assets
- High liquidity
- High deposit fees
- High withdrawal fees
- High trading fees
Your capital is at risk
What is Biconomy?
Biconomy is a developer platform launched to simplify dApp transactions by eliminating common bottlenecks in blockchains. Its plug-and-play solution and simple APIs make web3 interactions smooth and seamless for end-users.
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
Your capital is at risk
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 significant 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 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:
- Governance:
Being a governance token, it gives its holders the right to propose and vote for changes in the Biconomy protocol. Such changes include introducing additional services, changing the network’s code, and disbursing treasury funds.
- 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.
- 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 validators and executors identify lousy behavior.
Biconomy Price
Biconomy, a newcomer to the cryptocurrency scene, marked its entry with an initial cost of approximately $11. The launch, however, proved to be tumultuous as its price experienced wild fluctuations in its early days. The cryptocurrency surged to a staggering $23 just one day after its debut, only plummeting to $5 within a week, leaving investors and enthusiasts on a roller coaster of market uncertainty.
Over the subsequent months, Biconomy’s value continued to dwindle, with its price range oscillating predominantly between $0.3 and $0.5 throughout the past year. A historic milestone was marked when Biconomy hit its peak value at an impressive $21.87, a moment that became the touchstone for its investors.
As the calendar turned to the year 2023, Biconomy managed to defy its prior tumultuous history by embarking on a positive trajectory. The early months of the year witnessed a remarkable growth surge, with its value surging by more than 13% within the first two months, signifying a potential turning point for the cryptocurrency.
The trading landscape for Biconomy currently displays a price of $0.230027, supported by a 24-hour trading volume of $36.37 million. The cryptocurrency commands a market capitalization of $150.70 million, with a market dominance of 0.01%, underlining its positioning within the broader cryptocurrency market. Biconomy’s value has soared by 15.33% in the past 24 hours, demonstrating its dynamic nature.
Reflecting on its historical highs and lows, Biconomy’s zenith was reached on December 2, 2021, with an all-time high of $21.45. Conversely, a nadir was reached on June 15, 2023, as the cryptocurrency recorded an all-time low of $0.204397. Biconomy’s lowest price post-ATH within its market cycles was $0.204397, while its highest point between cycles stood at $0.300916.
The prevailing sentiment regarding Biconomy’s future price trajectory is currently neutral as investors and analysts gauge its potential. Meanwhile, the Fear & Greed Index, a gauge of market sentiment, rests at 49, indicating a neutral outlook.
A key aspect of Biconomy’s profile lies in its circulating supply, which presently encompasses 602.72 million BICO tokens out of a maximum supply of 1.00 billion. The yearly supply inflation rate is 250.01%, creating 430.52 million BICO tokens over the past year. As Biconomy navigates the intricacies of the cryptocurrency market, all eyes remain fixated on its evolving journey and the potential it holds for investors and enthusiasts alike.
Biconomy Price Prediction
In a year filled with remarkable cryptocurrency developments, Biconomy (BICO) stands out as one of the most promising tokens. Analysts predict a significant surge in the BICO price during the second half of 2023, with a potential target of $0.380369.
The forecast suggests a gradual but steady rise, with no major drops expected. The optimistic projection of an average price of $0.355011 appears attainable, driven by anticipated collaborations and advancements within the Biconomy ecosystem. The token’s minimum value is expected to hover around $0.304296.
Recent developments have contributed to Biconomy’s positive trajectory. Notably, Biconomy announced the launch of its full-stack AA (Account Abstraction) SDK on @BuildOnBase. This development empowers developers to create seamless user experiences, reduce development time, and attract mainstream users by utilizing all available modules, including paymasters and bundlers.
The rumors are true…
Our full-stack AA SDK is now live on @BuildOnBase pic.twitter.com/JL7VKD8Owh
— Biconomy (@biconomy) August 4, 2023
Furthermore, Biconomy has solidified its position through strategic partnerships, such as collaborating with Decent. XYZ. This partnership resulted in the launching a commemorative gasless mint on PolygonLabs, leveraging the power of smart wallets and account abstraction. Such ventures and ongoing developments could have a positive impact on BICO’s price in the future.
Hello builders! Ready to witness the future of web3 UX? 😉
We've partnered with @biconomy and @decentxyz to launch a commemorative gasless mint on @0xPolygonLabs, fueled by the power of smart wallets and account abstraction.
Save the date: August 7th, 12PM PT pic.twitter.com/GFqNS4Bkyi
— 0xPass (@0xpass_io) August 1, 2023
While the cryptocurrency market remains subject to fluctuations, Biconomy’s impressive progress and innovations position it favorably for potential growth. Investors and enthusiasts eagerly anticipate the second half of 2023 as BICO’s value inches toward its forecasted heights.
Your capital is at risk
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 pay with PayPal. You must 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 to buy 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 additional transaction fees 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 the highest encryption 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 Crypto Wallet is used by Investors for storing NFTs and Cryptos
However, there are other wallet options 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. The waller is automatically updated when any buying or selling transaction is made.
Your capital is at risk
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 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 supported only on mobile devices. A mobile wallet makes sending and receiving cryptos across peers 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.
2nd Step – Complete KYC
Without completing KYC, you cannot proceed to trade. To verify your account, click the “Verify” option on your profile page. Upload your identity documents and complete the process.
3rd Step – Deposit Funds
Deposit funds through your preferred deposit mode. Click the “Deposit” button at the bottom right corner and type the amount you want to deposit to your eToro account.
The minimum deposit is $10 for UK and US residents.
4th Step – Buy BICO
Go to the search bar and search for “BICO.” Click the “Open Trade” button, enter the amount you want to buy, and click “Trade.”
Your capital is at risk
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 platform’s manifold advantages over other blockchain platforms.
All the platforms mentioned above 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
- 30 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
- Copytrade Professional Crypto Traders
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 to ensure that the exchange complies 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?
At the time of writing, the price of Biconomy is $0.24 with a market capitalization of $180 million.
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 its gradual price growth, 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. Using 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, 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.
