Why buy Bittensor with Kraken?

About Bittensor

What can you do with Bittensor?

Swap Bittensor for other assets

Learn more about Bittensor

1. How does Bittensor work?

   Unlike traditional currencies, Bittensor is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Bittensor. This decentralization means the holders and users of Bittensor can help to maintain the network.

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2. Where can I buy Bittensor?

   Most find that the easiest and most secure way to purchase Bittensor is through a reliable cryptocurrency platform like Kraken. While Bittensor can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Bittensor.

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3. How much does it cost to buy 1 Bittensor?

   At the current market rate, it costs $590.38 to purchase one TAO. Kraken makes it easy to buy & sell Bittensor with confidence.

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4. Can I buy $100 worth of Bittensor?

   Yes, Kraken offers a secure and easy to buy $100 worth of Bittensor. At its current price, $100 equals 0.17 TAO.

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5. Is Bittensor safe to buy?

   The Bittensor price can change dramatically based on market conditions. You should do your own research on Bittensor before buying.

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6. Is Bittensor available to buy and sell in my country?

   To find out if Kraken offers Bittensor in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Bittensor a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Bittensor may be a worthwhile purchase.

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8. Can I purchase Bittensor using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Bittensor?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Bittensor I can buy?

    You can buy as little as $10 worth of Bittensor on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Bittensor regularly.

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11. Can I buy Bittensor with a debit card?

    You can buy Bittensor using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Bittensor with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Bittensor using hundreds of other cryptocurrencies. Browse the Bittensor markets available on Kraken to see how much it costs to buy Bittensor with other cryptocurrencies.

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13. How can I keep my Bittensor safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Bittensor. When you choose to keep your Bittensor on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Bittensor?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Bittensor from Kraken to my crypto wallet?

    Yes, the Bittensor you buy on Kraken is yours. Kraken makes it easy to withdraw your Bittensor to any hot wallet or cold wallet that supports Bittensor. Simply enter the external wallet address and your Bittensor will be in your wallet a few moments later.

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16. Is it safe to leave my Bittensor on Kraken?

    We take every measure possible to keep the Bittensor you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Bittensor. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Bittensor?

    The current circulating supply of Bittensor is 7,379,766 TAO.

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