How and where to buy BasketCoin (BSKT) crypto coin
The BasketCoin crypto is incredibly difficult to buy, due to the shortage of trading platforms which offer it. The one exchange offer 1 pair. Detailed information, including pairs, market cap and fees read below.
Where to buy BasketCoin
Step 1You need an account with a cryptocurrency exchange that supports Bskt coin. All of them provided on our site. Register it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
PancakeSwap (v2) | 0.25 / 0.25 | MEDIUM | No | $4578 |
Transfer or buy with P2P this coin: BUSD.
Step 3Switch to spot market on exchange and type the token name in search box. Choose between available trading pairs, then set order and push Buy BSKT button.
Congratulations!
After you click buy, the Bskt token will be available on your account on the trading platform. Remember that just moving your coins from exchange into cold wallet, you help better protect your finances. It's not only shorten your risk if your exchange or account gets cracked, but if you pick a “cold,” or offline, wallet, your Bskt token becomes virtually unbreakable. Only downside is generally have to pay a small fee to transfer your coins off of the crypto exchange.
What is BasketCoin
"Deflationary token, secured with a basket of cryptocurrencies, with the possibility of staking. BasketCoin is: Deflationary, With collateral - covering its value, With the system of repurchase and burning of BSKT tokens. A fee of 2% of the value of each transaction will be taken from the transfer - half is burned out, the other half goes to the staking/reward redistribution pool which indeed speeds up the process of reducing supply. Smart Contract itself assumes that a total of 90% of all BSKT will be burned -> supply will decrease from 21,000,000 to 2,100,000 The BSKT token is secured with a basket of seven cryptocurrencies that cover its value. The security so adopted is intended to ensure a constant and stable increase in the value of tokens. Thanks to the correct match of coins in our basket, its value is less susceptible to fluctuations appearing in the cryptocurrency market. The BSKT token security chart looks like this: Bitcoin (BTC) – responsible for 25% of the value of the coverage, Ethereum (ETH) – responsible for 25% of the coverage value, Polkadot (DOT) – responsible for 10% of the coverage value, Smarkey (SKEY) – responsible for 10% of the coverage value, YfDAI.finance (YF-DAI) – responsible for 10% of the coverage value, USD Coin (USDC) – responsible for 10% of the coverage value, Basketcoin (BSKT) – responsible for 10% of the coverage value. All listed cryptocurrencies that make up the BSKT basket will be used to generate additional profits on platforms such as: Crypto.com (profits of 3%-12% APR), YF-DAI (profits up to 72% APR), Swissborg (profits up to 20% APR), and other decentralised profit-generating platforms in DeFi format. Revenues from these platforms will be used in the repurchase process for the redemption and burning of BSKT tokens, contributing to a significant reduction in supply on the secondary market
Video Review
BasketCoin - How it works [EN] - full version
Statistics and Externals
Concepts of hashing algorithm not applicable to Bskt cryptocurrency.
Price and supply
The current total supply is 14.9 millions, with a circulating supply of 0 BSKT as of Oct 2024. The BasketCoin max supply is 2417871.
The price of BasketCoin is $0.138587 as of 08:22 PM. The price was declined on 0% over the past 24 hours. The recent price action left the token's market capitalization at 960.2 thousands USD. Thus far previous 30 days, the BasketCoin coin has a change of 0%.
FAQ
What crypto exchange can I buy BasketCoin token?
BasketCoin coin can be bought from one exchange. And these are some of them: PancakeSwap (v2).
Is BasketCoin cryptocurrency a good investment?
The Bskt token is a risky asset that has strong possibility of devalue. Because of high volatility of all crypto industry you should understand: you can lose all of your invested funds, any cryptocurrency has a possibility price to crash to zero and unexpected changes in market can lead to sharp and sudden moves in price. But on the other hand of that it's chance to become rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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