BABB (BAX) is a cryptocurrency native to the BABB platform, a London-based FinTech company that aims to provide accessible financial services to individuals worldwide using blockchain technology. It facilitates peer-to-peer banking solutions, e-money accounts, and crypto-wallets, focusing on empowering financially underserved communities. The BAX token enables borderless, frictionless, and low-cost transactions within the Babb app, supporting conversions to other cryptocurrencies like BTC and ETH.
The cryptocurrency BABB (BAX) is used as the underlying token for all services provided by the BABB platform. It is used to pay for transaction fees, licensing, and other services within the platform. Additionally, BAX can be used for staking, which allows users to earn passive income.
To store BABB (BAX) tokens, you have several options:
Atomic Wallet: You can manage your BAX tokens using the Atomic Wallet app, which supports over 1,000 coins and tokens. The wallet is private, secured, and offers 24/7 online support.
Noone Wallet: Another option is the Noone wallet, which allows you to create a BAX address, send, and exchange over 1,200 coins and tokens directly within the app. It also offers 24/7 support.
Ledger Wallet: You can store your BAX keys on a Ledger device through Ledger Live under ETH/ERC20. This method is secure and allows you to manage your BAX tokens alongside other ERC20 tokens.
Babb App: If you hold BAX in the Babb app, you won't need to request a priority transaction for the swap. However, if you hold BAX in external wallets like Metamask or Trust Wallet, you will need to visit the priority request portal and submit your wallet address.
Cold Wallets: For cold wallets, you will need to ensure that any existing balance is removed from complicated smart contracts and DEXs before the swap date to avoid potential losses.
Remember to always be cautious of fraudulent activities and never transfer your BAX tokens to any address for the swap, as Babb will not ask you to do so.
To buy BABB (BAX) tokens, follow these steps:
Choose a Reliable Exchange: Find a trusted centralized exchange (CEX) or decentralized exchange (DEX) that supports BABB (BAX) trading. Some popular options include Kriptomat, Binance, MEXC, and KuCoin.
Create and Verify Your Account: Sign up for the chosen exchange and complete the verification process, which typically involves providing identification documents and enabling two-factor authentication.
Add Funds: Deposit funds into your exchange account using methods such as bank transfers, credit cards, or other cryptocurrencies like USDT, ETH, or BNB.
Buy BAX: Use the deposited funds to purchase BAX tokens. You can do this by selecting BAX from the list of available cryptocurrencies and entering the desired amount. Preview and confirm your transaction.
Transfer to Wallet (Optional): If you want to store your BAX tokens securely, transfer them to a crypto wallet like Trust Wallet, ensuring you have the correct wallet address and seed phrase.
Remember to always follow the specific guidelines and security measures provided by the exchange you choose, and be aware of market risks and price volatility.
