How and Where to Buy Based Gold (BGLD) – Detailed Guide
- What is BGLD?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade BGLD
- Last Step: Store BGLD securely in hardware wallets
- Other useful tools for trading BGLD
- Frequently Asked Questions
- Latest News for BGLD
- BGLD Price Prediction and Price Movement
What is BGLD?
What Is Based Gold (BGLD)?
Based Gold is an ERC-20 token of the native is a decentralized gaming token that will act as the main currency in a metaverse-based casino.
Holders of BGLD will get direct access to the casino to wager on games, join lotteries, raffles, and get access to exclusive NFT[non-fungible tokens] drops.
We aim to bring transparency and decentralization to the online casino world, where users will share gaming revenue.
Revenue will also be reinvested into the casino, and users can vote on new features. Your wallet will connect directly with the casino. All transactions will be executed using smart contracts and 100% verifiable on-chain.
Related Pages:
Check out Axie Infinity (AXS) – another pet-oriented trading game incorporating NFTs.
Check out Adventure Gold (AGLD) — the token that kicked off the text-based NFT craze.
Find out about the top NFTs games in 2021, and how CryptoBlades and Axie Infinity compare.
Learn how NFTs work in our guide to non-fungible tokens.
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
How Many Based Gold (BGLD) Coins Are There in Circulation?
Based Gold has a maximum total supply of 88.8 million BGLD. No more can ever be minted.
There are only 37,457,601 BGLD tokens currently in circulation. 57.818 % of the total supply (51,342,399 BGLD) is locked in a token vesting contract that's been audited by Certik.
They are intended future liquidity provisioning, staking, gaming, casino's, marketing, developments & project ecosystem.
How Is the Based Gold Network Secured?
Based Gold is an ERC-20 token on Ethereum.
Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and open source projects like Based Gold and Adventure Gold. ERC-20 is the token standard followed by almost all tokens on the Ethereum blockchain. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
When Will Based Gold Trading Begin?
Based Gold trading began on Jan. 20, 2022.
Where Can You Buy BasedGold (BGLD)?
BGLD is available on popular Decentralized Exchanges (DEX) like Uniswap V2, 1inch exchange and DODO exchange.
Direct link to buy this token on Uniswap V2 click here. Direct link to buy this token on 1inch click here. Direct link to buy this token on DODO click here.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, BGLD or any other token in CoinMarketCap education portal — Alexandria.
BGLD was first tradable on 5th Sep, 2021. It has a total supply of unknown. As of right now BGLD has a market capitalization of USD $4,399,346.97. The current price of BGLD is $0.0549 and is ranked 3990 on Coinmarketcap and has recently surged 100.78 percent at the time of writing.
BGLD has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BGLD.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
But we are not done yet, since BGLD is an altcoin we need to transfer our ETH to an exchange that BGLD can be traded. Below is a list of exchanges that offers to trade BGLD in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit ETH to the exchange from UpHold. After the deposit is confirmed you may then purchase BGLD from the exchange view.
Last Step: Store BGLD securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your BGLD for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy BGLD with cash?
There is no direct way to buy BGLD with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy BGLD in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy BGLD or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Based Gold's fundamentals and current price here.