Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.
Table Of Contents
Launched in 2018, Biconomy is a company striving to bring simplicity to DeFi. This means creating offerings for exchanges to streamline onboarding services, as while as transaction management.
Through a suite of SDK/APIs, Biconomy notes that it is able to offer the following capabilities to companies using its services.
- Onboard without paying gas through gasless transactions
- Pay gas in their favourite ERC20 token or your dApp token
- Avoid blockchain complexities such as changing network
- Enjoy lightning-fast confirmed transactions
These capabilities offered through use of Biconomy’s SDK/API suite is made possible by ‘meta transactions’. A process which allows for fees to be delegated to a third party – meaning that wallets empty of Ether can still interact with a blockchain.
BICO tokens function as governance tokens for the Biconomy blockchain. Not only can holders take part in decisions involving the network, these tokens can be staked, contributed to liquidity pools, and more.
Biconomy is notably backed by various heavy-hitters within the digital asset sector. These include but are not limited to,
- Coinbase Ventures
- Huobi Ventures
- Binance Launchpad
Biconomy CEO Ahmed Al-Balaghi, once stated, “Users will eventually not care what chains they are on, and cross chain mechanics will all be under the hood at the Dapp level where we will be a core part.”
To learn more visit our Investing in Biconomy (BICO) guide.
We list the top 5 exchanges that offer the ability to by Biconomy (BICO) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Biconomy (BICO) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally. USA residents are prohibited from purchasing Biconomy (BICO).
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Biconomy (BICO) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and it accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Biconomy (BICO).
This exchange currently accepts USA residents excluding Hawaii.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Biconomy (BICO) trading opportunities.
WazirX (INDIA Only)
WazirX is India’s biggest cryptocurrency exchange with over 400,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer Biconomy (BICO) trading opportunities and currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.
USA residents are prohibited.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
You may like
Investing In Biconomy (BICO) – Everything You Need to Know
Investing In Ethereum (ETH) – Everything You Need to Know
Investing In Avalanche (AVAX) – Everything You Need to Know
Avalanche (AVAX) vs Ethereum (ETH) – Everything You Need to Know
Investing in NEM (XEM) – Everything You Need to Know
Investing In Cardano (ADA) – Everything You Need to Know