Buy Baby Bitcoin Guide (June, 2023)
Buying crypto is not an easy task, various factors comes into play and are to be considered, such as location and protocol, before buying them. Also all cryptocurrencies are not same and thus are comparatively harder to obtain than others. Baby Bitcoin is considered amongst one of them.
So now let’s talk about what is baby bitcoin
Baby bitcoin is a token baby bitcoin is cryptocurrency that focuses on entertainment related platforms, It mainly focuses on social actions like helping children in social vulnerability situations, etc. It was launched in July 2021.Baby Bitcoin is not currently supported across Coin base’s vast ecosystem.
Now the question is Investing in Baby Bitcoin good? The answer is it is purely dependable on your personal risk appetite and what are your trading goals.
Best Platforms to buy baby bitcoin in 2023:
So now let’s move on how and where to buy baby bitcoin.
- First step in buying baby bitcoin is Checking CoinMarketCap to see where you can buy Baby Bitcoin and with which currencies
CoinMarketCap provides a list of purchasing options for different cryptocurrencies. So you can search for baby bitcoin on coinMarketCap. Tap on the “Market” near the price chart to see a list of places where you can buy Baby Bitcoin and also the currencies that you can use to obtain it.
Under “Pairs” you’ll see the BBTC, a shorthand for baby bitcoin, plus a second currency (Bitcoin can be purchased with the help of second currency). For example, if you are using U.S Dollar to purchase BBTC, look for BBTC/USD.
- Second step is selecting the platform to make the purchase of baby bitcoin.
In this step the platforms should be compared on the basis of security, reliability, and liquidity. For this step research of different platforms is very important. And then the platform which is more secured, reliable and liquid able should be selected.
- Third and the final step is to purchase the baby bitcoin on your chosen platform
This step may differ platform to platform as every platform has a different way of doing things. Some platforms are very easy to use, while some are comparatively difficult. Also it must be kept in mind, that purchasing crypto with another crypto is a difficult task as it involves first creating a crypto wallet that supports Baby Bitcoin and then buying the first currency and using it to buy Baby Bitcoin on the platform you chose. Thus, purchase should always be made with fiat currency as is it is an easy option.
Alternate Platform for buying baby bitcoin: Binance
There are various platforms for buying cryptocurrencies like coin base, binance, kraken, Trade station Crypto, etc.
Binance is considered as favourites as it constantly reviews and adds cryptocurrencies that can be used on the Binance platform and also is one of the cheapest platform. Although Baby Bitcoin is currently not listed on Binance, but you can buy it by connecting your crypto wallet to a decentralised exchange.
Steps to buy Baby Bitcoin in 2023:
Follow the step-by-step guide below to buy baby bitcoin from binance.
Download a Binance Wallet
There are several crypto wallets and Binance appears to be the most favourite one. If you are using pc, the you can download Google Chrome and the wallet Chrome extension and in case you are using your mobile phone, you can download the wallet from Google Play or iOS App Store.
Also the Chrome extension and mobile app should be official. Make sure of it by visiting the Binance’s website.
Next step is Setting up your Binance
Now after downloading register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app. Make sure to keep your seed phrase safe and also note the wallet address somewhere as you will be needing it later in the further steps.
Buy BNB Chain as Your Base Currency
Once when you are done withthe setup, Buy the BNB chain by logging in to your binance account and proceeding to the Buy & Sell crypto webpage.
Send BNB Chain from Binance to Your Crypto Wallet
After successfully buying the BNB Chain, go to your Binance wallet section and look for the BNB Chain you have purchased earlier. Click on withdraw and fill up all the information required. Now set the network to BNB Chain, and provide your wallet address you have noted earlier in step 2 and the amount you want to transfer and click the withdraw button. BNB Chain will appear in your Binance.
Choose a Decentralized Exchange (DEX) and connect your wallet
There are various DEXs to choose from. But the DEXs must support the wallet selected earlier in Step 2. With Binance wallet, Pancake Swap is the best option to make the transaction.
Connect your Binance wallet to the selected DEX by using your wallet address from Step 2.
Trade Your BNB Chain with the Coin You Want to Get
After connecting the wallet, select your BNB Chain as the payment and choose Baby Bitcoin as the coin you want to acquire.
This step must be followed if Baby Bitcoin Doesn’t Appear, Find its Smart Contract
In case theBaby Bitcoin does not appear on the DEX, find the smart contract address of the baby bitcoin. Then copy the address and paste it into Pancake Swap. Make sure the address you get is official.
Apply the Swap button
Now click on the Swap button and the process for buying baby bitcoin will be complete.