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Exchange Bitcoin to Basic Attention

Exchange in 3 steps

  1. Enter the desired amount of Bitcoin and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Bitcoin to the address from your order, after the required network confirmation, Basic Attention (ERC20) will be sent instantly.

What do you need to know?

­You only need 1 confirmation of the Bitcoin blockchain for the exchange
­Bitcoin transaction confirmation speed depends on the level of blockchain network congestion, more in our article
­We use segwit Bitcoin addresses for faster and cheaper transactions, if your wallet does not support this type of address, contact technical support to change the address
­Our exchanger only sends transactions to the original BAT contract

Bitcoin is the first decentralized cryptocurrency

Bitcoin is the oldest and most popular cryptocurrency. Its dominance index over other cryptocurrencies ranges from 30% to 80%.

What if I can't send Bitcoin to your wallet?

Most likely the fact that your wallet does not support sending on SegWit Bitcoin address. We use SegWit, because thanks to this technology, transactions are included in blocks more faster and the miner's fee is much lower than in other versions, so the transaction is faster and cheaper. You can read about versions and differences of Bitcoin addresses in our article.

If your wallet does not support sending to SegWit addresses, we recommend that you think about changing your Bitcoin wallet, as it uses outdated technology.

Also, if you want to make an exchange you can always contact our support, we will change the wallet address inside your order to the standard one in real time.

How to estimate the confirmation time of the transaction?

There are several ways to estimate the time of confirmation of the transaction, but you need to understand that it is impossible to calculate it accurately since many factors affect the passage of your transaction, you can read more in our article.

  • The easiest way to find out when the first confirmation of the network is to go in the service of collecting statistics from BitcoinFees Earn.com there you can see when your transaction gets into a block, depending on the fee which you sent it.

  • You can also use the Explorer Blockchair.com where you can see the priority of the transaction. The first number is what place in the queue is a transaction, the second how many transactions are pending (e.g. priority 1676/9495). Each block includes approximately 2500 transactions, we see that our transaction is in 1676 place in the queue, and therefore must pass in the next block.

It is important to note that to increase the number of confirmations, a new block must appear, blocks in bitcoin can go from 1 to 75 minutes. The average time of Bitcoin block appearance is 10 minutes.

You can read more in our article about the confirmation time in the Bitcoin network.

A Brief History of Basic Attention

In 2017, Brendan Eich, creator of the popular JavaScript programming language and co-founder of the Mozilla Firefox browser, launched Basic Attention, a decentralized platform. The project includes its own BAT token on the Ethereum blockchain (ERC-20 protocol) and the Brave browser.

According to the creators of the Basic Attention platform, online advertising is extremely ineffective. To solve this problem, the Brave browser was created, which blocks unnecessary ads. Users who choose to watch ads are rewarded for their time spent in the form of a BAT token.

BAT smart contract

Our exchanger only sends transactions to the original BAT contract. Transactions are not sent to addresses of third-party contracts.

My order is completed, but I cannot see the funds in my wallet, what should I do?

We send Ethereum tokens with an average fee so that the receiving party does not have to wait long for the receipt. But sometimes, with the increased load on the Ethereum network, the transaction can get stuck in the mempool and not get into the block. The status of such a transaction is "Pending". The etherscan.io explorer gives information about the expected processing time of a transaction, but you need to understand that this value is not exact and may change depending on the situation.

If a transaction sent by us cannot be confirmed for a long time, contact technical support with a request to push the transaction through.