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Buy Biconomy today
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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
How to buy Biconomy (BICO) in the UK
Learn how to buy Biconomy (BICO) on 7+ crypto exchanges in our step-by-step guide.
Biconomy (BICO) is the 211th largest cryptocurrency by market cap, valued at US$133,407,685.
Biconomy is a highly volatile asset capable of major price swings in a single day. Today BICO is trading for $0.239727 USD, which is higher than yesterday's trading price of $0.2195009128 USD. Over the past year, Biconomy's price has seen a decrease of -65%.
So before you buy Biconomy, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy Biconomy.
How to buy Biconomy in 4 steps
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.
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Compare crypto exchanges
The easiest way to buy Biconomy is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Biconomy
You can now exchange your funds for Biconomy. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Biconomy to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy Biconomy in the UK
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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Biconomy guide up-to-date
- BICO price data is regularly updated through data feeds so you always have the latest information.
- Biconomy performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Biconomy?
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 UK 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.
What will I need to buy Biconomy?
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.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BICO with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Biconomy?
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.
Best Biconomy wallets to store your BICO
You can keep your BICO on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BICO below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Biconomy a good investment?
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:
- Gasless transactions: Gas fees have been a huge stumbling block for widespread cryptocurrency adoption and, unfortunately, there are very few dApps, layer-1 and layer-2 blockchains that offer gasless transactions to end-users. Biconomy provides a solution to this problem, which could help adoption. However, while the offer of gasless transactions is beneficial to end-users, dApps will still need to foot the bill. The adoption of Biconomy by dApps will determine the demand for the native BICO token.
- Earning rewards.: BICO token holders have several ways to earn token rewards. As the protocol requires liquidity for decentralised exchange (DEX) trading pairs, users can deposit BICO tokens as liquidity to earn extra BICO in addition to trading fee rewards. In addition to providing liquidity, the Biconomy protocol is also set to introduce staking within 2022. Users will soon be able to stake BICO tokens as a delegator to support the ecosystem and in return earn interest.
- Governance: In the future, the team behind Biconomoy aims to launch a decentralised autonomous organisation (DAO) to manage the operations of the protocol. BICO token holders will soon be able to propose or vote on all decisions that affect the future of the project.
- Established partnerships: Biconomy’s suite of products, APIs, and SDKs have already been adopted by multiple crypto platforms including Curve, Perpetual Protocol and Decentral Games. The more platforms that adopt Biconomy’s technology the higher the demand for BICO.
- Multi-chain interoperability: As a protocol to be used with a wide range of decentralised applications Biconomy has ensured that native modules can interact with several blockchain networks. Networks that are currently compatible with Biconomy include Ethereum, Polygon, xDai, BNB Chain, Moonriver, Moonbeam, Arbitrum, and Fantom.
- Audits: Biconomy’s smart contracts have been audited by four different firms: QuantStamp, MixBytes, Certik, and Halborn. Although the protocol has been audited, like any decentralised finance (DeFi) protocol, audits do not guarantee that there will be no future exploits. For those interested in BICO it may be worth reviewing a couple of Biconomy’s audits.
Today's Biconomy price versus ATH
Compare today's price of Biconomy ($0.239727 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.
Biconomy's price: $0.239727
ATH date: December 02, 2021
ATH date: December 02, 2021
1.12%
Biconomy ATH: $21.45
How to trade, convert or sell Biconomy
You can convert or sell your BICO with the same exchange you bought it through:- Sign in to the exchange you have BICO on.
- If you store your Biconomy in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of BICO you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Biconomy.
- Complete your transaction and move your BICO to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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