Last update: Jun 6, 2022

How to Buy Bancor (BNT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Bancor. Depending on your country, you’ll have various trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Bancor

How to Buy Bancor – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Bancor of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy Bancor

Now that you have what you need to buy Bancor, head over to the market or buy section of the cryptocurrency trading platform and buy some BNT.

If the crypto exchange doesn’t have any Bancor on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Bancor first), and trade your Ethereum for Bancor.

Where to Buy Bancor (BNT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Bancor

  1. Sign into the exchange where you bought Bancor.
  2. Move your Bancor to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Bancor.

 

Crypto trading

How to Buy Bancor (BNT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Bancor in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Bancor if it’s available. If the exchange doesn’t have Bancor. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bancor), and trade your ETH for Bancor.

It’s also possible to check out our comparison of the cryptocurrency exchanges in Australia if you’re looking to learn more about which exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Bancor (BNT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Bancor in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Bancor if it’s available. If the exchange doesn’t have Bancor. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bancor), and trade your ETH for Bancor.

If you’d like to learn more about the exchanges we recommend, look at our list of the Canadian bitcoin exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Bancor (BNT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Bancor in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Bancor if it’s available. If the exchange doesn’t have Bancor. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Bancor), and trade your ETH for Bancor.

Or, if you’d like to know more about which exchanges we recommend, look at our comparison of the best places to buy bitcoin in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Bancor? BNT Rundown

Bancor is the only protocol that decentralizes staking and allows you to make money with a single token exposure while also providing full protection against impermanent losses. Bancor was launched in 2017 and is the first DeFi protocol.

It generates millions of dollars in monthly fees for depositors and offers up to 60% APR tokens such as ETH, WBTC or MATIC. Bancor DAO is a decentralized autonomous organisation owned by the community.

The "Bancor Network Token", also known as BNT, is the protocol token that is used to access the network. The protocol token is used by traders to provide liquidity to the available pools on the network. Anyone can contribute liquidity. Liquidity providers can contribute liquidity to a pool and are eligible for fees to trades that pass through it. Pool tokens will be given to liquidity providers. These tokens represent their share in liquidity, fees and Liquidity Mining Rewards.

Bancor, which is among the most audited and longest-running crypto projects, has received stellar ratings from top auditors such as Certik, PeckShield and Halborn. DeFiSafety gave Bancor a 96% safety score in 2021.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.