How to buy Bittensor (TAO) without Commissions: Step by Step

If you want to buy Bittensor in an easy, fast and secure way, you’ve come to the right place. We will go directly to the information you need to know so that in a few minutes you can own this cryptocurrency. Omitting all the information that many times is given but is not necessary and important, and makes it tiresome for you to follow a tutorial. Here, you can see the step by step, even with a summary for those who are even more in a hurry and want to buy it before it continues to rise in price.

Where to Buy Bittensor

To buy Bittensor there are not many platforms, and it is currently not listed on any major Exchange such as Binance. Even so, you don’t need to know how to use a wallet which can be complicated for a new user who has never used one, since gate.io does have this cryptocurrency so you can buy it, sell it or withdraw it from their platform once you have bought it. So we will use this platform for this example.

Therefore, we are going to show you how you can buy Bittensor with gate.io, as we consider it the most comfortable and easy way, and the way we do it . Especially for new users with little experience using DEFI. If you are an advanced user, you can also buy it in decentralized exchanges with your own wallet, with the advantages and risks that this also has and are important to take into account.

In case you can’t watch the video or are having trouble with it, we’re going to go through the step-by-step in full detail just below so you won’t get lost at any point.

Detailed Step by Step

Bittensor is not found in many other exchanges yet. Therefore, we must use these two platforms. Since it is the best option to buy this cryptocurrency, while saving on commissions.

The first step is to make a deposit in our gate.io account. To get funds in gate.io, the best and cheapest option is to send them from another exchange such as Binance, as the platform has higher commissions for depositing funds by card or transfer. It is possible that in the future this will change, and it will be even the same or very similar to deposit directly in gate.io with your card. So don’t rule out this option either. Which you can find at Buy Crypto. So it is up to you to decide which option is best for you.

In this case, for the example we will use binance, and we will send USDT (Tether), as it is the cryptocurrency used to buy Bittensor. If you deposit directly in gate.io, we recommend you to buy USDT, as it is the cryptocurrency that allows you to buy any other cryptocurrency within gate.io.

In our case, we already have USDT in our binance balance, but you can find a guide in our blog. With usdt, we will go to wallet, fiat and spot and click withdraw on USDT.

Now. the next step is to go to gate.io, and go to deposit. Here, we will have to click on tron/TRC-20 network, as it has the lowest commissions and only costs a dollar or less commission. We copy the address and go back to binance to paste it.

Once in binance, we must indicate the address, the same network, tron (trc-20) and the amount to withdraw the USDT. We confirm with our email and mobile, and that’s it. Remember that you must indicate the trc-20 network to avoid problems when sending your funds.

Now, you just have to wait for the USDT to arrive in your Gate.io balance. It usually takes a few minutes until they are available and ready to use. Once they arrive, go to wallet and spot account, search for USDT and click on trade.

You will see the panel to buy and sell cryptocurrencies. Here, search for TAO, and you will see TAO/usdt pair appear.

We will go down and indicate the amount we want to buy from Bittensor. Here, if you want to use all your usdt, just click on the number above and it will place the total. At the top of Price you will see the current price of the cryptocurrency. We recommend you to indicate the market option, so that when you click on the button, the cryptocurrency will be bought directly at the current market price. And thus avoid placing a lower price and that the order is not executed. So mark to market for ease of use.

Once you have indicated the amount you want to buy, it only remains to click on the buy button and confirm the purchase with the message that we will see. And we would already have it.

So quick and easy, if you go to your balance you can see the amount of Bittensor you have bought thanks to these steps .

You have been able to see that in a few minutes, you can buy this cryptocurrency, and that it is not at all complicated once you follow these steps.

To sell your cryptocurrency, the process is the same. Just go back to the previous panel that we found, but this time we will go to the sell part, which stands out for being red. Just do the same steps indicating the amount you want to sell, and click on the magic Sell button. And you will have USDT again, to do with them whatever you want. Either wait for a better opportunity to buy back this cryptocurrency, invest in others or withdraw it to another platform or wallet.

Bittensor Price (TAO)

what is Bittensor?

Bittensor’s vision of a decentralized AI company has captivated a number of people in the fields of Artificial Intelligence and computer science, who have longed for an alternative to the top-down world created by our current tech giants. However, the promise of what Bittensor is and can be has been masked by high technical barriers to understanding, and therefore has not been well digested by non-technical audiences.

The purpose of this article is to answer why Bittensor matters to the world, why you should care, and why we need to build it together. These are fundamental questions, and each will require us to dig deeper into the history of cryptocurrency, and how Bittensor is uniquely positioned to play a significant role in the future that is being written today.

SUMMARY

The invention of Bitcoin was a revolutionary moment for humanity because it introduced two simultaneously linked but distinct technological innovations, reshaping the way humans organize themselves. First, it was the first decentralized currency in history, providing humanity with a shared value system that could not be altered by vested or centralized interests. In doing so, Bitcoin promised a future of fair and anti-fiat finance.

Secondly, and to achieve this goal, it gave birth to the original, disseminated and permissionless digital commodities market. This second point has not gone unnoticed by anyone who has been watching closely: the computational power of the Bitcoin network, measured in raw hashing power, has far exceeded the potential of any one company or government.

Bittensor is essentially a language for writing numerous decentralized commodity markets, or “subnetworks,” situated under a unified token system. These distinct markets operate through the Bittensor blockchain, allowing each to interact and unite on a singular computing infrastructure. By analogy, Bittensor brings the same kind of abstraction that Ethereum added to Bitcoin to execute decentralized contracts, but on Bitcoin’s reverse innovation: digital marketplaces.

Compared to Bitcoin and other cryptocurrencies that attempt to leverage digital marketplaces, Bittensor has built a framework that provides ease of creating these viable and enormously powerful systems. However, its genius lies in the fact that each of these interconnected markets is connectable, and available, to the whole. Building a hierarchical network of resources, which ultimately culminates in the production of intelligence; intelligence harnesses computation, which harnesses data, which harnesses storage, and finally harnesses oracles and data fetching and ad infinitum, all within the same ecosystem.

This is Bittensor’s overarching vision: to direct the power of digital markets toward society’s most important digital commodity: artificial intelligence. Not only to build the most powerful intelligence network, but also to ensure that the benefits and ownership of machine intelligence are in the hands of mere mortals. Bottom-up, rather than top-down.

The goal of Bittensor and the function of this technology base have several implications. For developers, a language for writing bespoke, computer-like commodity markets that allows them to take advantage of the enormous size, cost-effectiveness and natural functionality of decentralized market systems. For front-end customers, Bittensor offers access to resources at a cheaper price and without intermediaries; non-disclosable, not falsely self-proclaimed as “open”. For the Bittensor network as a whole, creating Artificial Intelligence, openly and equitably on ordered and dependent submarkets. And finally, for the world, to ensure that the all-important commodity of intelligence is owned by all.

Bittensor is similarly also a computer – albeit with different problems, such as market mismatches – but programmable, with the potential to become the most powerful computer ever created. And it is a shared computer: it is not directly owned by any entity and is available to anyone. To direct, to govern, to contribute and, most importantly, to benefit from the technological products it produces.

UNDERSTANDING BITTENSOR

Understanding Bittensor is difficult for exactly the same reason it is powerful. This is because most of Bittensor’s computational power is not concretely defined, but is abstracted under markets. For example, Bittensor leverages machine learning models to create intelligence products, but it also leverages physical storage to create storage products. Meanwhile, it does not define the details of how these resources are produced. Instead, Bittensor simply defines the market that will reward those products for being available to the network.

Abstractions like this are the crucial element of how Bittensor is able to leverage huge swaths of resources: without defining how a computer interacts with Bittensor markets, the market leaves room for innovation around how that problem will be solved. In other words, without directly buying or inventing the computers that connect to the network, that problem is left in the hands of thousands of incredibly talented people around the planet, who achieve that goal in diverse and creative ways.