How & where to buy Bancor (BNT) online

Bancor is a cryptocurrency trading protocol, and the platform's native token, BNT, is used as an intemediary for users to trade tokens between. In this guide, we explain how and where to buy BNT.
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Updated: Jun 28, 2022

On this page, find out everything you need to know before you invest in Bancor tokens. We delve into the platform’s potential as an investment, look at the different considerations you should make depending on your own investment strategy, and provide a list of the best places to get BNT coins.

What are the best exchanges to buy Bancor on?

If you want to get BNT right now, check out the platforms we have listed below; they are the best places to buy Bancor crypto online. Otherwise, to learn more about this cryptocurrency project and what it has to offer for investors, read on.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:
3
Min. Deposit
$ 0
Promotion
User Score
9.5
Earn high, borrow low
Earn up to 17% yield on their crypto
Buy coins, earn yield, borrow, and transfer with no fees.
Start Trading
Payment Methods:
Full Regulations:

How to buy Bancor online – a step-by-step guide

Step 1. Find an exchange

The easiest, fastest and most affordable place to purchase coins is a crypto exchange. These are giant online marketplaces that allow users to buy, sell and trade a wide variety of cryptocurrency tokens.

When it comes to BNT, our two favourite platforms that support the coin are Binance and Bittrex. We have outlined what makes each of these services stand out from the competition below:

  • Binance: Binance is the most popular trading platform around by trading volume, making it a good choice for investors and traders with varying levels of experience. Sign up with Binance today >
  • Bittrex: Bittrex offers an easy-to-use interface that will please beginners, and it also doesn’t scrimp on the more advance technical tools that crypto connoisseurs crave. Join Bittrex now >

Step 2. Sign up and fund your account

Now you have chosen an exchange to get BNT tokens, you need to sign up to create an account and fund it before you can make any purchases. This is a simple process that involves filling out some contact details and providing a copy of your photo identification if it is required.

Then, add funds to your account from an accepted source. For instance, you could add fiat money like GBP via a bank transfer or a cryptocurrency like Bitcoin from your wallet.

Step 3. Purchase

Now your account is funded, you can spend your capital on any desired assets – in this instance, Bancor coin. Simply search for the coin’s ticker, BNT, and enter the number of coins you want to purchase. Before you execute your transaction, make sure you check you are content with the price you are paying and the fees you are incurring. If everything is to your liking, finalise the purchase and the BNT will be added to your exchange account.

Step 4. (Optional) Get a suitable wallet

If you are going to be holding onto your BNT for the foreseeable future to speculate on its value, a wallet can provide a highly useful layer of security to protect your funds from theft. Here are two of our favourite options for you to consider:

  • CoolWallet: CoolWallet lets you to manage your funds via a convenient app, and it also allows you store them in an offline device so you don’t have to compromise on security. Set up Coolwallet today >
  • Freewallet: Freewallet is a low-fee crypto wallet that has grown to become one of the most popular options on the market. Join Freewallet now >
1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to trade Bancor – a step-by-step guide

Step 1. Find a broker

If you want to trade cryptocurrency effectively, we recommend using a crypto broker. These are regulated platforms that allow you to open and close trades quickly to take advantage of market volatility. A platform like eToro is the best place to look first.

Step 2. Deposit money

Just like you have to create an account and deposit funds to use an exchange, you have to do the same with a broker. With brokers, payment options can often be more flexible, and some even support PayPal.

Step 3. Learn how to perform technical analysis

At the centre of any successful trading strategy is fundamental analysis. This is the process of reading charts and identifying trends so you can predict what price action will unfold in the near future. Be sure to complete our short-term trading course for a detailed overview of the many aspects of technical analysis.

Step 4. Decide whether to go long or short

When trading BNT coin, you can go long or short. Going long means you believe it is set to rise in value while going short means you believe the opposite. Both of these strategies can be successful in the right economic conditions, and it is important you understand the different options they present before you start trading.

Step 5. Make the trade

Now you have completed the previous four steps, you can start trading Bancor tokens. However, if you don’t feel ready to risk any of your capital, try out a demo account first so you can learn the ropes and test your strategies before facing potential capital loss.

Should I invest in Bancor?

Bancor is a platform that is all about empowering traders, meaning that if you want to use BNT tokens as a route towards a completely open marketplace with no barriers to entry, investing makes sense. It allows users to quickly convert tokens into their wallets without relying on a crypto exchange.

Moreover, if you simply believe in the project’s credentials and feel it will continue to grow, investing may also make sense. However, it is important to check up on the overall health of the market first. In a bull market, altcoins like BNT are more likely to thrive, whereas, in a bear market, the opposite can be true.

Well over $1 billion in value is locked into Bancor, and this number looks set to rise in the coming years. From humble beginnings, the platform has grown to become a serious crypto contender.

Still undecided?

If you still haven’t made up your mind about BNT yet, check out the pros and cons of Bancor below.

Pros

  • Provides an easy-to-use and completely open market
  • Users no longer need to rely on exchanges to purchase tokens
  • Decetralised with a transparent voting system for BNT token holders
  • No need for bids, asks, or market makers like you would find with a traditional exchange
  • Low counterparty risk

Cons

Before we conclude our guide, check out the additional considerations below and decide if you want to invest in Bancor.

1. Is now a good time to buy Bancor?

This largely hinges on what kind of investor you are. If you want to purchase BNT and hold it for the long term in the hope of price accretion, it is usually a good time to invest because it is still at an early stage of adoption and could be set to grow. However, short-term traders will need to pay much closer attention to technical market dynamics to work out if it is the right time to make a move.

Bancor is built on Ethereum and EOS, two highly successful protocols. This means it has a strong technical foundation to grow from in the coming years, and it provides a level of liquidity that is extremely desirable in the crypto sector.

Make sure you read some of the latest Bancor analysis below if you are still wondering whether or not now is a good time to invest your money in BNT tokens:

2. What problem does Bancor solve, and what are its investment prospects?

Bancor makes it fast, easy and affordable to convert tokens directly from a user’s wallet. Some people are dissatisfied with the services offered by decentralised exchanges (DEXs), and Bancor plugs this gap with a service that provides competitively priced trading of ERC20 tokens. Moreover, the benefits of staking are another route to returns for savvy investors.

However, with no margin trading feature, and no trading platform in general, Bancor is slightly limited in its applications compared to some of its competitors. The interface consists of a simple order box, which might appeal to some, but for others, it will lack flexibility.

Make sure you read up on the most recent trending news pieces on the subject of Bancor by clicking any of the links below:

Civic CVC/USD, 0x ZRX/USD, Bancor Network Token BNT/USD, and Basic Attention Token BAT/USD are all a part of the Ethereum ETH/USD ecosystem of tokens. Today, we are going to go over each token individually to see which one is worth getting. Should you buy Civic…

3. Do you want to hold Bancor for the long term?

There are two different ways you can seek exposure to the price performance of BNT. First, you can purchase it, store it in a wallet and hope it rises in value. Alternatively, you can trade it via a broker in an effort to accelerate your returns. Here are the different considerations you should make for each strategy.

Considerations for a long term investment strategy

For long-term investors, focus on locating a reliable crypto exchange. Then, sign up, deposit funds, and purchase the number of BNT coins you want to hold. Finally, you may want to consider opening a wallet so you can store your BNT safely.

Considerations for a short term trading strategy

If trading is more up your street, find a broker with low trading fees that supports BNT. Then, you need to hone your strategies and carry out the technical analysis required to ensure success.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.