How to Buy Badger DAO (BADGER) In the UK (2021)

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Looking for somewhere to buy Badger DAO (BADGER) in the UK without getting ripped off?

Check out his quick list of places where I’ve found it available in the UK.

How to Buy Badger DAO in the UK

1. Coinbase Pro

Founded in 2012, Coinbase is a well-known name in the industry – and the only cryptocurrency company that’s publicly listed (NASDAQ: COIN).

While you can buy Badger DAO (BADGER) on Coinbase, it’s cheaper to use Coinbase Pro. Whereas Coinbase has a decent interface that’s easy to use, Coinbase Pro is aimed at enthusiasts/traders and isn’t as simple to use.

One way that you can deposit GBP into Coinbase Pro is with a UK bank transfer (via Faster Payments). These tend to be processed quickly and it doesn’t cost anything.

Overview of Option #1
  • Create a Coinbase account.
  • Deposit GBP with a UK bank transfer (via FPS) to Coinbase Pro.
  • Buy Tether (USDT) with the GBP in your wallet.
  • Exchange this Tether (USDT) for Badger DAO (BADGER).

You’ll be charged up to 0.5% trading fees when using Coinbase Pro. However, you’ll only pay 0.01% in fees when buying Tether (USDT) with GBP – which is necessary to do, as there’s no GBP/BADGER pair on Coinbase Pro.

In total, this means you shouldn’t pay more than about 0.51% in fees when using Coinbase Pro to buy Badger DAO (BADGER).

Coinbase WebsiteCoinbase Pro Review

2. CoinJar

Founded in 2013, CoinJar allows UK and Australian residents to currently buy 42 cryptocurrencies – including Badger DAO (BADGER).

The cheapest way to buy Badger DAO (BADGER) on CoinJar is by depositing GBP with a UK bank transfer (via Faster Payments). If you take this route, then you’ll be charged a 1% fee to buy BADGER with GBP in your CoinJar wallet.

Because CoinJar can process GBP deposits via Faster Payments, transfers over to them tend to be credited within minutes (but it can take longer).

Alternatively, you can instantly buy any supported cryptocurrency on CoinJar with a credit or debit card. While this is simpler and quicker, you’ll pay a 2% fee instead (i.e., twice as much).

Overview of Option #2
  • Create a CoinJar account (doesn’t take long).
  • Deposit GBP with a UK bank transfer (via FPS).
  • Buy Badger DAO (BADGER) with the GBP in your CoinJar account.
  • It should be credited instantly to your Badger DAO (BADGER) wallet on CoinJar.

The advantage of using CoinJar over a cryptocurrency exchange like Coinbase Pro is that its web interface, and mobile app, are beginner-friendly.

CoinJar WebsiteCoinJar Review

What is Badger DAO (BADGER)?

Badger DAO (BADGER) is the governance token for Badger DAO (decentralised autonomous organisation). The organisation is technically called Badger DAO and the token is simply called BADGER, but most people use the terms interchangeably.

Founded in 2020 by Ameer Rosic, Albert Castellana, Chris Spadafora, and Alberto Cevallos, Badger DAO is an organisation that works to improve access to Bitcoin (BTC) in decentralised finance (DeFi) applications. However, as a DAO, Badger is technically run by community members, which includes anyone that holds BADGER governance tokens.

To understand why someone would want to be a part of Badger DAO, you first need to understand what Badger does.

Badger DAO bills itself as an organisation that builds “the infrastructure to bring Bitcoin (BTC) to DeFi”. The DAO states that it makes “it easy to bridge your Bitcoin (BTC) into other blockchains and start earning yield right away”.

The whole idea for Badger DAO started with the realisation that Bitcoin (BTC) is the largest cryptocurrency by market cap but that it doesn’t offer much access to the benefits of DeFi. That’s because most DeFi applications are built on non-Bitcoin networks, like Ethereum, Polygon, or Solana.

Badger DAO now offers a variety of products, such as Badger Bridge, Interest Bearing Bitcoin, and Sett Vaults so that Bitcoin (BTC) holders can participate in the world of DeFi. The organisation is still in its infancy, but it’s rapidly growing as more investors want to make the most of their Bitcoin (BTC) holdings.

What are the benefits of holding Badger DAO (BADGER)?

BADGER is a governance token for Badger DAO. Its primary function is to allow asset holders to vote and participate in governance issues within the DAO. If more investors want to participate in the DAO in the future, some traders think the price of BADGER tokens might rise.

Additionally, holders of BADGER tokens can get some unique benefits within the Badger DAO DeFi ecosystem. Other uses of the token include:

  • Staking & Rewards: BADGER token holders can stake their assets in the DAO’s Sett Vaults. This provides BADGER-WBTC liquidity in Uniswap or Sushiswap. You can receive rewards for staking your tokens in the form of BADGER or bBADGER (the representation of BADGER in Sett Vaults.
  • Supply Collateral: Holders of BADGER tokens can supply their tokens as collateral in CREAM Finance in exchange for rewards.
  • Crypto-Backed Loans: BADGER tokens can be used as collateral if you want to borrow money from Fuse or Unit Protocol.
  • Savings Pool: Anyone that holds BADGER tokens can add their tokens to a pool on Pooltogether. In exchange, you can receive POOL tokens and you can win weekly prizes.

Keep in mind that Badger DAO is still very new. Therefore, the various uses of the BADGER token beyond governance voting will likely change and grow over time.

Best Badger DAO (BADGER) Wallets

BADGER is an ERC-20 token, so you can store the keys to it in nearly any ERC-20-supported wallet.

However, in addition to Ethereum, BADGER tokens are also traded on the Polygon, Binance Smart Chain, and Fantom (coming soon) networks. If you’re trading BADGER on a non-Ethereum network, you need to have a wallet that supports those networks.

But since most BADGER tokens are ERC-20 tokens, we’ll focus primarily on ERC-20 compatible wallets here.

Some of the best software wallets for storing the keys to BADGER tokens include:

  • MetaMask: One of the most popular wallets available, MetaMask operates primarily on the Ethereum network. It’s available as a mobile app and as a browser extension for easy access to DApps. You can also configure MetaMask wallets to operate on the Binance Smart Chain, Fantom Opera, and Polygon networks. MetaMask even has a direct integration with the staking platform for Badger’s Sett Vaults.
  • Atomic Wallet: A popular multi-currency wallet, Atomic Wallet is a highly featured mobile and desktop app that can support all ERC-20 tokens. It also has support for the Polygon and Binance Smart Chain networks. Atomic Wallet integrates with the Badger DAO app using WalletConnect.
  • Trust Wallet: Developed by the team at Binance, Trust Wallet is a non-custodial software wallet that’s available as a mobile app. It offers support for ERC-20 and BEP-20 tokens, among others. Trust Wallet also has an in-wallet decentralised exchange (DEX) and a feature that lets you buy crypto using a credit card. You can connect your Trust Wallet to the Badger DAO app using WalletConnect.

If a hardware wallet is more your style, you have plenty of options to choose from for storing the private keys to your BADGER tokens.

Popular hardware wallets for BADGER include:

All Trezor and Ledger devices can store the keys to all ERC-20 tokens, including BADGER.

However, neither Ledger Live nor Trezor Suite (the Ledger and Trezor wallet interfaces) support BADGER. As a result, you’ll need to pair your device with MetaMask, MyEtherWallet, or another similar service to manage your tokens. But if you integrate your Ledger or Trezor device with MetaMask, you can use that to access all the features of Badger DAO with your tokens.

Another hardware wallet option is the Ellipal Titan. Ellipal wallets aren’t as popular as Trezor or Ledger devices, but they offer high-end security and a user-friendly touchscreen. The Ellipal Titan wallet interface also has full support for BADGER tokens so you can manage your assets right from your wallet. It also connects with the Badger DAO app using WalletConnect.

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