Bittensor (TAO) is an innovative decentralised protocol combining blockchain and machine learning. Traditional AI models are unsuitable for operating with it, as Bittensor lets different machine learning models collaborate and earn TAO tokens according to their generated informational value. It encourages the decentralised development of artificial intelligence by leveraging blockchain as the driving force for collaboration and global resource sharing.
AI held in decentralised form with Bittensor makes it very exciting, scalable, safe, and flexible. Are you eager to know how to buy Bittensor (TAO) to be part of the next revolution? Let’s get going!
How to Buy Bittensor in 4 Easy Steps
Here’s how you can buy Bittensor tokens in 4 easy steps.
Step 1: Choose a Crypto Exchange Platform
First, select a reputable crypto exchange that will let you buy Bittensor. Some of the crypto exchanges having trading support for Bittensor include Binance, OKX, KuCoin, MEXC, and HTX. It would be wise to use a reliable and user-friendly exchange.
Before you join, please check the reputation of the exchange, the level of security, and how they treat their customers. Also, check that the exchange favors your preferred currency, whether in USD or EUR or cryptocurrencies such as USDT, ETH, or BTC. A researched choice will simplify the buying process and also secure your investments.
Step 2: Register on any of the Platform
After selecting a crypto exchange that supports Bittensor, the next thing would be registration on the said platform. This entails the input of personal details like your name, email address, phone number, and residential address.
Also, you are supposed to complete the KYC process by submitting a valid ID for identification. A valid ID varies based on the region of your residing so prepare the necessary documents beforehand.
On completion of these steps, you will have success in registering and verifying your account smoothly, thus facilitating hassle-free trading of Bittensor.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
Once the exchange account has been confirmed, you are all set and can now buy Bittensor. To begin with, fund your account using any payment method you prefer which can be a bank transfer, credit or debit cards, or digital wallets.
You can directly exchange fiat currencies such as USD on Kraken and Crypto.com and Euros on Kraken and Bitvavo or you can trade Bittensor by swapping other altcoin pairs, USDT, USDC, or BTC.
Select your payment method, enter the quantity of Bittensor you’d like to buy and complete the transaction. This ensures a seamless buying experience.
Step 4: Store the Cryptocurrency in a Wallet
Now that you have bought Bittensor, it needs to be stored safely within a compatible wallet. Start by going to the exchange account you have used to buy Bittensor, and then find the withdrawal section that includes altcoins. In this section enter the public address of your wallet, which should support Bittensor; there are many wallets you can use, such as Ledger, MetaMask, Trust Wallet, Atomic Wallet, and Exodus.
Then, introduce the amount of Bittensor to be sent, and then confirm your transaction. Now,your Bittensor funds of Bittensor are safe and wouldn’t be subjected to possible risks associated with leaving it on the exchange.
Also read: How to Stake Stratis
Popular video guides on buying Bittensor (TAO)
Also read: The crypto ecosystem closely
Where to buy Bittensor (TAO)
Kraken is one of the oldest cryptocurrency exchanges, founded back in 2011 by Jesse Powell, who lays claims on high security and an extensive list of assets. The services provided by this exchange include spot trading, staking, and margin trading for beginners and advanced traders. Kraken is also associated with high liquidity and by the rules, which means that trading on this platform can be very smooth.
Factsheet
|
Operational Since: |
2011 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
Kraken charges different fees for different types of deposits |
|
Cryptos Listed: |
500+ |
|
Trading Fees: |
0% to 0.40% of the total cost |
|
Fiat Currencies Supported: |
USD, EUR, GBP, JPY, CAD etc. |
|
Trustworthiness: |
Safe and Reliable |
Binance is the largest cryptocurrency exchange globally by trading volume, with a daily trading volume of $76 billion and 90 million users. The platform facilitates the buying, selling, and storing of digital assets, supporting over 350 cryptocurrencies and numerous trading pairs. Binance’s ecosystem includes diverse services such as Binance Labs, Launchpad, Trust Wallet, and Binance Academy, among others.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | PayPal, Debit/Credit, UPI, Crypto |
Deposit Fees: | Nil |
Cryptos Listed: | 500+ |
Trading Fees: | 0.1% per trade |
Fiat Currencies Supported: | USD, EUR, GBP, AUD and more |
Trustworthiness: | Safe and Reliable |
Gate.io started in 2013, is one of the oldest cryptocurrency exchanges because it offers a wide range of digital assets as well as advanced trading options. It has been funded by Lin Han since then, and it supports spot trading, margin trading, staking, as well as future contracts. Gate.io also boasts its security features, liquidity, and user-friendly interface, catering to new and experienced traders alike. It accommodates several fiat-to-crypto pairs for trading, such as USDT and BTC.
Factsheet
|
Operational Since: |
2013 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
500+ |
|
Trading Fees: |
0.2% per trade |
|
Fiat Currencies Supported: |
Multiple, including USD, EUR, and GBP |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where can you buy Bittensor with a credit or debit card?
You can buy TAO coins directly with a credit or debit card on exchanges such as Kraken. You can enter the number of TAO tokens you need, verify the amount of fiat currency it asks in exchange, and proceed with the transaction. Additionally, you can also buy altcoins such as Bitcoin, USD Coin or Tether with a debit or credit card and then exchange them with TAO tokens.
What will you need to buy Bittensor?
To acquire Bittensor (TAO), the following assets are necessary to initiate the process:
- Crypto Exchange Account: Create a verified account on a cryptocurrency exchange, for example, Kraken or Crypto.com. Verification for the account is required by validating the identity of the account owner using an ID to ensure security.
- Debit/Credit Card: One will need a debit or credit card to buy exchangeable cryptocurrencies. This is crucial because Bittensor is often traded for through swapping.
- Fiat Money: You can buy exchangeable cryptocurrencies using USD at Kraken and Crypto.com or Euros at Kraken and Bitvavo.
- Crypto Wallet: A safe crypto wallet is necessary to keep your Bittensor after you have bought it.
- Primary Cryptocurrency: Bittensor can be swapped using altcoin pairs such as USDT, USDC, and BTC, so you will need to have a primary cryptocurrency for this swap.
What is the easiest way to buy Bittensor?
The easiest way of purchasing TAO is through direct purchase using the popular user-friendly crypto exchanges: Kraken, Crypto.com, or Bitvavo. It begins with setting up an account verified on one of these platforms. This usually includes some process of proofing one’s identity to secure the platform and ensure adherence to the full set of regulatory requirements.
After that is done and your account gets verified, it can be used to buy exchangeable cryptocurrencies like USDT or USDC and BTC, having used a debit/credit card. Kraken and Crypto.com enable users in the U.S. to buy this cryptocurrency in USD. European users can use Kraken and Bitvavo to buy with Euros. Once you obtain the appropriate cryptocurrency, you simply swap it for Bittensor on these exchanges.
Best wallets to store your Bittensor (TAO)
To store your Bittensor (TAO), consider the following wallets that are highly rated for their features as well as their security:
- Ledger: Hardware wallets, such as Ledger, are very secure since you store the private key offline. So, your assets are safe from online threats and hacks.
- Trezor: Trezor is another hardware wallet that offers offline storage of your Bittensor by offering security from cyber risks and also with a user-friendly interface.
- Metamask: is a wallet with which you will be able to conduct transactions and trade fairly easily. It accepts all sorts of tokens, fits into most decentralized applications without causing a problem, and is a more practical option for very active traders.
Always store your wallet information and recovery phrases in a secure location. This practice is always important so you can access Bittensor if your device goes missing or fails.
