Buy BitDAO with a credit card
You can buy BIT for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at BitDAO price dynamics and history, get some answers to your questions, and find some useful links to read more about what is BIT.
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BitDAO live price chart
BIT price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
What is BitDAO?
BitDAO is a decentralized autonomous organization (DAO) focused on supporting the development of decentralized finance (DeFi), decentralized exchanges, and other blockchain-based projects. Founded in 2021 with backing from prominent investor Peter Thiel and other notable funds, BitDAO aims to accelerate DeFi innovation by funding research, development, and partnerships. It operates on the Ethereum blockchain, and its governance token, BIT, enables community voting and decision-making.
The purpose of BIT issuance is to empower holders with a say in the platform’s strategic direction. BIT token holders vote on proposals, helping direct funds for project grants, technology incubation, and more. With a capped supply of 10 billion BIT tokens, BitDAO intends to enable efficient funding across projects while promoting decentralization.
Key features
- Governance rights that enable holders to vote on funding allocations and protocol changes.
- Support for DeFi innovation through targeted funding to accelerate development.
- Partnerships with top blockchain projects to diversify the DeFi ecosystem.
- A high liquidity pool supported by major investors to enable extensive project funding.
The average fees on the BIT Network
Transactions on the BitDAO network leverage the Ethereum blockchain, where gas fees vary based on network activity. The BIT price (BIT to USD) often fluctuates with market conditions. Average gas fees range from $0.50 to over $20, depending on Ethereum traffic, but typically fall within a manageable range for most users when network congestion is low. This makes BIT transactions feasible, with periodic Ethereum network spikes influencing fee increases.
The BIT token wallets
Several wallets support BIT, ensuring secure storage options for investors. Here are five popular choices:
- MetaMask – A user-friendly and widely trusted Ethereum wallet for web and mobile.
- Trust Wallet – Known for its secure storage and simplicity on both Android and iOS devices.
- Ledger Nano S/X – A hardware wallet providing top-notch security for long-term storage.
- Coinbase Wallet – Offers convenient access to DeFi, suitable for users already on Coinbase.
- Trezor – Another hardware option, ideal for those looking for added security and offline access.
Where to buy BitDAO
BIT tokens are available on several major cryptocurrency exchanges, making it easy to buy BitDAO online. For users seeking the cheapest way to buy BitDAO, SwapSpace offers competitive rates, allowing investors to purchase BIT crypto with minimal fees and a smooth experience.
How to buy BitDAO
To buy BIT with a credit card on SwapSpace, follow these simple steps:
- Go to the SwapSpace platform and select BIT as your desired token.
- Enter the amount of BIT you wish to purchase.
- Choose your payment method, such as credit card or debit card.
- Review and confirm your order details.
- Complete your transaction, and your BIT will appear in your wallet.
What can I do with BitDAO after purchase?
Once you’ve purchased BIT, there are several ways to engage with the BitDAO ecosystem:
- Participate in governance by voting on funding proposals and strategic decisions.
- Hold BIT tokens as a potential investment in anticipation of price appreciation.
- Contribute to ecosystem projects by participating in token staking when available.
- Use BIT in DeFi applications that support the token, expanding its utility.
- Trade BIT for other assets on supported exchanges to diversify your portfolio.
You can buy BIT right here on SwapSpace — look below to find an instruction on how to buy BitDAO.
How to buy BIT on SwapSpace
On this page, we put USD in the “You send” and BIT in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination BitDAO address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
