How to Buy Bancor (BNT) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Bancor and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Bancor.
  2. Register a new account.
  3. Fund your account.
  4. Buy Bancor.
BNT
$0.79518479730131

These steps are simple if you know where to buy Bancor cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Bancor (BNT) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Bancor Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

67

Only

67

of these exchanges sell Bancor.

We then filter down the entire set of possible marketplaces to only the ones that have active BNT markets.

32

Only

32

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase Exchange

VISIT Coinbase Exchange Read Review
Reasons we ♥ Coinbase Exchange
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 254
FUNDING:
Bank Transfer (ACH)
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Debit Card
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Wire Transfer
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Paypal
,
Apple Pay
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Google Pay
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SEPA
,
EFTCAD
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Interac
,
SGD Transfers
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3D Secure Card UK
,
Easy Bank Transfer UK
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Faster Payments UK
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Instant Card Cashouts UK
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PayPal UK
,

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Bancor cryptocurrency.

You can buy Bancor on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Bancor (BNT)

After registering and funding your account at , you should be able to buy Bancor after your deposit finishes processing. After you receive your BNT, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Bancor Exchanges

Bancor is also available on these exchanges:

coinbase pro
Coinbase Exchange


Frequently Asked Questions

Yes, Bancor is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase Exchange, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX.

You can buy Bancor instantly at Binance, Zengo, Coinbase Exchange using their instant buy feature or a credit card.

Yes you can buy less than one (1) BNT. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Bancor, you will need to deposit funds into your exchange account - which usually has no fees - and then buy BNT, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Bancor at Binance, Zengo, Coinbase Exchange.

Bancor Investment & Buying Guide

Diving into the innovative realm of decentralized finance, you’ve likely come across Bancor, a name that’s resonating with increasing frequency among savvy crypto enthusiasts. It’s a protocol that’s redefining liquidity and automated market making, but what sets it apart in the bustling ecosystem of digital assets?

As you explore the intricacies of Bancor, you’ll uncover a pioneering approach to on-chain liquidity that enables continuous and automated token conversions without the need for traditional exchanges. This isn’t just another cryptocurrency; it’s a glimpse into the future of decentralized trading.

Your journey into Bancor’s world will reveal its unique ability to provide liquidity to smaller tokens and its novel solution to the thorny issue of impermanent loss, positioning it as a key player in the DeFi landscape. Ready to unravel the secrets behind Bancor’s growing allure? Let’s delve in.

What is Bancor Cryptocurrency?

Bancor is a blockchain protocol that enables users to convert different types of digital currency directly and instantly instead of exchanging them on cryptocurrency markets. The protocol is known for its innovative smart contracts, called Bancor Network Tokens (BNT), which hold reserves of other ERC-20 tokens.

How Does Bancor Compare to Other Cryptocurrencies?

Unlike most cryptocurrencies that rely on traditional exchanges, Bancor’s liquidity network allows for on-the-fly conversions without matching buyers with sellers. This mechanism ensures liquidity and can significantly decrease the spread on transactions, which is especially beneficial for niche tokens with lower trading volumes.

Bancor addresses impermanent loss, a risk faced by liquidity providers on other decentralized exchanges, through a novel insurance mechanism. This feature protects users from the volatility that might erode their staked assets—providing a more stable environment for liquidity providers.

With cross-chain functionality, Bancor aims to extend liquidity to multiple blockchains, enhancing the interoperability and efficiency of DeFi operations. This positions Bancor as a bridge between different networks in the blockchain ecosystem, further distinguishing it from other cryptocurrencies with more limited capabilities.

On top of its innovative protocol, Bancor is governed by a decentralized autonomous organization (DAO), which empowers BNT holders to vote on upgrades and changes to the platform. It ensures a democratic approach to decision-making, differentiating it from centralized exchanges and cryptocurrencies without such governance mechanisms.

Bancor History & Growth

Bancor launched its platform in June 2017 following one of the industry’s largest token sales that time. The Bancor Network Token (BNT) serves as the default reserve currency for all the tokens in the Bancor network. By 2018, the platform had facilitated over $1.5 billion in token conversions, indicating rapid user adoption and significant market traction. Bancor introduced its version 2.1 in October 2020, bringing an innovative solution to the challenge of impermanent loss.

The network’s growth can largely be attributed to its continuous drive for innovation and user-centric features. With Bancor 3 announced, the platform promises further advancements in DeFi interoperability and user experience. Partnership with other blockchain entities and consistent upgrades help keep Bancor at the forefront of liquidity provision. The DAO’s active governance maintains a robust and evolving ecosystem, ensuring that BNT holders have a say in the strategic direction.

As Bancor continues to expand its liquidity pools across multiple blockchains, it remains a key player in the DeFi space. Your understanding of Bancor’s future potential is enhanced by recognizing its commitment to solving cross-chain liquidity challenges.

Buying Bancor with Different Payment Methods

In the vibrant world of cryptocurrencies, acquiring Bancor (BNT) can be done through various payment methods to suit your preferences and availability.

Buying Bancor with a Credit Card

Purchasing Bancor with a credit card is one of the simplest and fastest ways to enter the market. Major cryptocurrency exchanges offer this option, typically imposing a transaction fee that varies from platform to platform.

Buying Bancor with a Debit Card

Using a debit card to buy Bancor is as straightforward as a credit card transaction, providing instant access to BNT tokens. It’s essential to check if your bank supports transactions with cryptocurrency exchanges to ensure a smooth purchase experience.

Buying Bancor with Apple Pay

For iOS users, some exchanges and digital wallets have integrated Apple Pay for a convenient and secure way to buy Bancor directly from your device. The integration makes purchasing BNT as easy as buying any other digital product or service.

Buying Bancor with Paypal

PayPal’s embrace of cryptocurrencies allows users to buy Bancor with a familiar payment service. However, it’s critical to verify whether the exchange you choose supports PayPal for cryptocurrency purchases, as availability may vary.

Buying Bancor with a Bank Transfer

For larger transactions, a bank transfer to buy Bancor might be the most cost-effective method due to lower fees compared to card payments. Processing times can be longer, but many find the savings worth the wait.

Remember, irrespective of the chosen payment method, it’s vital to ensure that you’re dealing with reputable platforms and keeping your personal and financial information secure.

Keeping Your Bancor Safe

Ensuring the security of your Bancor (BNT) tokens is as crucial as selecting the best payment method for your purchase. You’ll need a secure place to store your BNT after buying them.

Software Wallets

Software wallets provide convenient access to your funds on-the-go. They’re applications that can be installed on your smartphone or computer. Not all software wallets are created equal; opt for ones with strong security measures like two-factor authentication and regular updates. Note that while they’re more accessible, they can be vulnerable to online threats.

Hardware Wallets

Hardware wallets are the gold standard for keeping your cryptocurrency secure. They store your private keys offline, making them immune to online hacking attempts. These tangible devices might be a bit pricier, but the security they offer is unmatched. Remember to keep your hardware wallet in a safe place to avoid physical theft or damage.

Selling & Withdrawing Bancor

When you’re ready to sell your Bancor (BNT) tokens, most exchanges provide a straightforward process. Just like buying, you’ll need to navigate to the exchange platform where your BNT tokens are held and select the option to sell. You can typically choose to sell at market price for immediate transactions or set a limit order to sell when the price reaches a certain point. Exchange liquidity is crucial here, as a lack of it can affect the ability to sell quickly and at your desired price.

Fees and Transaction Speed are two important factors to consider when withdrawing your funds. Each platform has different fees for withdrawing, and the speed can vary based on network congestion.

Platform Withdrawal Fee Estimated Transaction Speed
Exchange A 0.1% 10-30 minutes
Exchange B 0.2% 60-90 minutes
Exchange C Fixed Rate 30-60 minutes

After selling your BNT, transferring the proceeds to your bank account involves linking your bank to the exchange. You must also verify your identity to comply with KYC regulations. It’s crucial to ensure that all your information is up-to-date to avoid any potential delays in the withdrawal process.

Is Bancor a Good Investment?

When considering an investment in Bancor, you should look at its unique features. Bancor provides a mechanism for automatic liquidity provision, a standout in the DeFi space.

Bancor’s native token, BNT, has practical use within its ecosystem. Staking BNT in liquidity pools can yield transaction fee rewards for users.

The platform’s upgrade to Bancor 3 promises to introduce new features such as auto-compounding rewards and protection against impermanent loss. These innovations could potentially increase BNT’s value proposition.

Market volatility can affect Bancor just like any other cryptocurrency. Always remember to only invest what you can afford to lose.

Historical data shows that BNT’s price has experienced significant fluctuations. Researching trends and market sentiment is key in making an informed decision.

Before investing, consider factors such as the project’s roadmap, team credibility, and partnership announcements. Keeping an eye on these can provide insights into Bancor’s future potential.

Bancor Price Predictions

Predicting the price trajectory of cryptocurrencies like Bancor (BNT) requires analyzing both historical trends and future market potentials. Technical analysis tools are commonly employed to forecast possible price movements, looking for patterns in the charts that might indicate future performance.

Fundamental analysis, on the other hand, considers the underlying factors such as technology upgrades and ecosystem expansions. Bancor’s upcoming developments could impact its demand, and consequently, its price.

Recently, expert crypto forecasters have offered varied predictions for Bancor’s price. These are often based on sophisticated algorithms and market sentiment analysis. The general consensus among several analysts suggests a cautious but optimistic outlook for Bancor’s future valuation.

Cryptocurrency markets are known for their volatility. Just as BNT has experienced significant fluctuations in the past, its future prices could also display sharp ups and downs.

Investors often look to currency’s total value locked (TVL) in the protocol as an indicator of its health and growth potential. Bancor’s TVL can provide insight into the level of trust and investment stakeholders place in the platform.

Before considering any investment, including Bancor, it’s wise to review the latest market data and expert analyses. While historical performance is not indicative of future results, it provides valuable context for your investment decision-making process.

Remember that many external factors, such as regulatory changes or global economic conditions, can significantly influence cryptocurrency prices. Staying informed about the broader financial landscape can give you an edge in understanding possible price changes for Bancor.

Please note that price predictions should not be taken as a guarantee. Always perform your due diligence before making any financial commitments.

Additional Info

Armed with a thorough understanding of Bancor’s buying and selling processes, secure storage solutions, and investment insights, you’re now equipped to navigate the Bancor ecosystem with confidence. Remember to prioritize security and conduct your own research when engaging with cryptocurrencies. Bancor’s unique position and potential for innovation make it a noteworthy consideration for your portfolio. Stay vigilant, keep an eye on market trends, and let informed decisions guide your investment journey with Bancor.

Bancor (BNT)
Price
$0.79518479730131
24h Change
-2.0
7d Change
-1.1