How to Buy Brett Coin (BRETT) in 2024

In 2024, there are more meme coins available to investors than ever before. Most of these are built on the Solana or Ethereum main chains but, sometimes, you’ll find a meme coin that’s been created on top of a Layer 2 network.

This is the case with Brett (Based), which was built on the Base Chain in February 2024. However, how do you know whether BRETT is worth investing in? And if you do decide to invest in Brett, do you even know how to buy Brett?

In this article, I explain exactly what Brett is and share my opinions on whether or not BRETT might be a good investment in 2024. I will also share how to buy BRETT in 2024.

How To Buy Brett: Quick Guide

If you want to know how to buy Brett crypto tokens, follow these simple steps:

1. Find a cryptocurrency exchange to use – either centralized or decentralized. Brett is listed on ByBit, Gate.io and Kucoin.
2. Create an account – follow KYC checks if necessary.
3. Add funds to your account or cryptocurrency wallet
4. Navigate to the “Brett (BRETT)” market page
5. Complete the order form – decide how many BRETT tokens you want to buy
6. Confirm the transaction by clicking ‘BUY’ or the exchange’s equivalent.
7. Transfer your Brett Coin to your private cryptocurrency wallet

What is Based Brett?

Brett (Based) is a meme coin built on the Base network, an Ethereum-based Layer 2 protocol. According to the website, Brett is “Pepe’s best friend on the Base” and the self-proclaimed “mascot of Base Chain”. The Brett token is based on a character from Matt Furie’s Boys’ Club comic – the cryptocurrency is considered a fan tribute to the original comic.

In terms of tokenomics, there is a maximum supply of 10 billion BRETT tokens. 85% of these are allocated to liquidity providers, 10% to the Brett treasury and 5% to a centralized exchange (CEX) wallet.

• Brett Website: https://www.basedbrett.com/
• Brett Twitter (X): https://twitter.com/BasedBrett
• Brett CoinMarketCap: https://coinmarketcap.com/currencies/based-brett/

Is Brett a Good Investment?

BRETT could be a good investment, although there is no guarantee that the cryptocurrency will perform well. Like most meme coins, the BRETT token has very limited utility, which means that it relies heavily on the wider cryptocurrency market and public opinion.

BRETT is built on the Base Chain, which is a popular Ethereum-based Layer 2. As the Base Chain continues to grow and more applications are built on the platform, any Base meme coins (BRETT included) could also experience growth. The Brett team talk about the potential for additional use cases and offerings as the network continues to grow, which could make the BRETT cryptocurrency a good investment.

However, the cryptocurrency market is massively volatile – this is especially true of meme coins. BRETT could witness severe and sudden price movements, making it a risky investment.

Best Exchanges to Buy Brett Token in 2024

How to Buy Brett in 2024

If you’re wondering how to buy Brett (BRETT), you’ll need to follow these steps.

Step 1: Choose an exchange

First, choose an exchange to buy BRETT on. If you’re new to cryptocurrency investing, you’ll want to use a centralized exchange (CEX) – they’re usually more user-friendly and have additional protections in place to keep you safe.

However, there are lots of different decentralized exchanges (DEXs) that allow you to buy BRETT, if you’d prefer.

How to choose a crypto exchange

When looking for a cryptocurrency exchange, you’ll need to find one that suits you and allows you to buy, sell and/or trade BRETT.

First, decide whether you’re looking for a centralized or decentralized exchange. The former enables you to buy BRETT and other cryptocurrencies using fiat currencies, and all transactions are facilitated by the platform itself. On the other hand, decentralized exchanges are peer-to-peer platforms that allow you to buy, sell and trade BRETT directly with other participants. A DEX will usually have a great selection of cryptocurrencies on offer, but can be less beginner-friendly than a CEX.

Then, take a look at the different fees charged by each exchange. The different fees to look out for include:

• Account Fees – Fees charged for opening an account. These are usually charged on a monthly, quarterly or yearly basis and will often be a very small percentage of your holdings.
• Deposit/Withdrawal Fees – Fees charged when you make a deposit or withdrawal. They’ll either be a percentage of the overall payment or a flat fee (for example, $5 every time you make a withdrawal).
• Transaction Fees – Fees charged for each transaction. Again, transaction fees will either be charged as a percentage of your purchase or as a flat fee depending on the size of your position.

Finally, make sure you’re picking an exchange that has good reviews and is trustworthy. Take a look online to see what people are saying about the CEX – in particular, look out for comments about deposits and withdrawals, customer support and how user-friendly the site is.

Step 2: Sign up and fund your account

Once you’ve chosen a platform, you’ll need to create an account. To do this, you’ll need to input some personal information such as your name, email address and physical address.

Keep in mind, centralized exchanges are required to conduct Know Your Customer (KYC) checks, which means that you’ll probably have to verify your identity by sending a photo of your passport or driving license.

Certain CEXs also test you on your knowledge of trading, investing, crypto and the wider financial markets. They may also ask you to confirm your financial goals, risk-appetite and trading budget. All of this is done to ensure that you’re confident and understand the risks associated with trading and investing.

Once you’ve created an account, you’ll need to fund it. When using a centralized exchange, this is done by making a deposit using a fiat currency of your choosing. Find the “Deposit” page, choose your preferred payment method and follow the instructions to add funds into your account.

Step 3: Search for BRETT

Now that you’ve funded your account, you’ll need to find the Brett (BRETT) page. To do this, use the platform’s search function to access the “Brett” market page. Alternatively, you’ll be able to find it by filtering by “Meme Coins” or accessing tokens built on the Base Chain. This process will depend on the exchange in question, although you should always have access to a search bar.

Step 4: Fill out the order form

Once you’re on the market page, click “Buy”, “Trade”, “Open Position”, or something similar. This will open up an order form which will allow you to buy BRETT tokens.

When filling out the order form, you’ll need to confirm how many BRETT tokens you want to purchase or how much fiat currency you’re looking to spend. The platform should confirm which fees will be charged, as well as what the USD to BRETT exchange rate is.

You can usually choose between purchasing BRETT tokens instantly (market order) or buying them at a certain price in the future (limit order).

Step 5: Place an order

Always double-check that the information is correct before you confirm the order. Make sure you’re aware of – and happy with – any fees being charged.

Once you’ve checked your order information, click “Buy” or “Trade” and wait for confirmation that the order has gone through.

Step 6: Send your BRETT to a wallet

After buying BRETT, you should send it to a self-custodial wallet for safekeeping. Most centralized exchanges will allow you to store BRETT on their site, but this isn’t usually the safest method. 

Instead, create a wallet that is compatible with BRETT. Because Base Chain is built on Ethereum, most Ethereum-compatible wallets should accept BRETT, including MetaMask and Trust Wallet.

To send your BRETT tokens, copy your private wallet address and use this to send BRETT from the CEX to your crypto wallet. Remember that your exchange will likely charge fees for this transaction and that the payment may take a few minutes to go through.

How to Sell Brett Coin

It’s all well-and-good knowing how to buy Brett Coin, but you should also know how to sell BRETT too. Thankfully, the process is relatively straightforward:

1. Transfer your BRETT tokens back to your centralized exchange
2. Access your BRETT holdings and click “Sell”
3. Exchange your BRETT holdings for a fiat currency of your choosing
4. Withdraw your fiat currency to your bank account

Can You Trade Brett Coin?

It’s perfectly possible to trade Brett Coin. The easiest and most common way of doing this is by using a decentralized exchange such as UniSwap or SushiSwap.

To do this, you’ll need to have cryptocurrency within a wallet that is compatible with the decentralized exchange that you’re looking to use.

Connect your wallet to the DEX and find the “Brett (BRETT)” market page. From here, you should be able to find the option to “Swap” or “Trade”. Choose which token you want to swap for BRETT and decide how much you want to trade.

Click to confirm that you’re happy to finalize the transaction, but make sure that you have enough crypto in your wallet to cover any potential gas fees.

Will Based Brett Go Up?

There is no way of knowing whether Brett will increase in value. However, it’s a popular meme coin that has previously experienced significant price growth. For example, BRETT saw a price increase of more than 500% between May and June 2024, which shows that it has potential as an investment.

To understand whether the price of BRETT will go up, you should look at the wider cryptocurrency market, as well as the performance of Base Chain-based and Ethereum-based meme coins.

Are Meme Coins a Good Investment in 2024?

Meme coins could be a good investment in 2024. Meme coins typically move separately to the wider cryptocurrency market, with the most popular meme coins sometimes experiencing moves to the upside while mainstream cryptocurrencies are seeing their value decrease.

For example, Pepe (PEPE), a popular Ethereum-based meme coin, saw a price increase of more than 1,400% between February and May 2024, which shows that meme coins are still incredibly popular in 2024.

However, meme coins are incredibly risky and there is no guarantee that the meme coin market will be a good investment in 2024. If you want to invest in meme coins, consider allocating a small percentage of your portfolio to them – because of their high volatility, it’s still possible to make a profit even with a small investment, but this way, you won’t be risking too many of your funds on such a risky asset.

Final Thoughts

Brett is one of the most popular meme coins in 2024. It is built on a rapidly growing Ethereum Layer 2 solution, which could suggest that it’s positioned well for growth and adoption.

However, BRETT is a meme coin, making it an inherently risky proposition. With limited utility, make sure you understand the risks before deciding to buy BRETT tokens.

If you would like to add Brett to your portfolio, you can buy the coin from several prominent exchanges including KuCoin and ByBit. To buy Brett coin, you will need to create an account with an exchange and connect a payment method to your account.

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