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Biconomy (BICO) is the 392nd largest cryptocurrency by market cap, valued at US$118,931,956.
Biconomy is a highly volatile asset capable of major price swings in a single day. Today the price of BICO is $0.126868, which is lower than yesterday's trading price of $0.1328218733. Over the past year, Biconomy's price has seen a decrease of -75%.
So before you buy Biconomy, make sure you understand these unique risks as well as its legal and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions on how you can buy Biconomy.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade BICO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Biconomy is a multi-chain relayer protocol that enables end-users to seamlessly interact with Web3 decentralized applications (dApps). The plug-and-play protocol is aimed at simplifying the onboarding process for dApps by eliminating the need for fees, the navigation through wallets, and the need to set up Remote Procedure Calls (RPCs) that are usually required when connecting Web3 wallets to a blockchain. This simplicity is achieved through Biconomy's innovative product suite that includes: Mexa, Forward, and Hyphen.
According to the Biconomy website, Mexa, Forward, Hyphen, have been developed to improve the user experience of the Web3 ecosystem. Firstly, the Mexa module allows dApps to absorb gas costs so users don't have to pay for every interaction. By absorbing gas costs, users can often be more inclined to use the services offered. Secondly, when it is impractical for a dApp to cover users' gas costs, the Forward module can be implemented which allows users to pay for gas fees using other ERC-20 based tokens instead of ETH - adding an additional level of flexibility. Finally, Hyphen is a cross-chain bridge that allows users to efficiently and instantly transfer tokens across different blockchains, including second-layer protocols. This is achieved through the use of multiple liquidity pools that are stored on different blockchain networks.
The native utility and governance token of the Biconomy protocol is called BICO. It is used to pay for all network fees that take place within the Biconomy ecosystem and can also be used to vote on future development proposals.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Biconomy.
Once you've created an account, you will need to deposit funds to buy BICO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy BICO:
The easiest way to buy BICO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying BICO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Biconomy has been performing recently.
You can keep your BICO on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
When buying any cryptocurrency it is important to understand the risks associated with the underlying technology. In particular, buyers of BICO should consider the following:
Compare today's price of Biconomy ($0.126868 USD) against its all-time-high price of $21.45 USD on 02 December 2021. The closer the bar is to 100%, the closer BICO is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including Biconomy, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BICO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Biconomy or any other cryptocurrency discussed.
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