How to buy Biconomy (BICO) in Australia

Learn how to buy Biconomy (BICO) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Biconomy

1. 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.

2. 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.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, poli and osko payments are widely accepted.

4. Buy Biconomy

You can now exchange your funds for Biconomy. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Biconomy to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Biconomy in Australia

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 provider.

1 - 6 of 7
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

303
cryptocurrencies

Finder Exclusive: Sign-Up & Verify to get $10 in Bitcoin.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

273
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Apple Pay, Bank Transfer (PayID/Osko/BPAY), Google Pay
AUD, GBP

53
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

340
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

255
cryptocurrencies

Buy 240+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP and more

184
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
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Compare up to 4 providers

Steps on how to buy Biconomy

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Biconomy.

  1. Compare cryptocurrency exchanges that support BICO.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Biconomy.
  4. Buy Biconomy.
    Complete your Biconomy purchase and then find the best wallet to store BICO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Biconomy

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.

How to sell Biconomy

You can cash out your BICO with the same exchange you bought it through:

  1. Sign in to the exchange you have BICO on.
    If you store your Biconomy in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of BICO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Biconomy.

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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