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: May 11, 2023
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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?

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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.

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1
Min. Deposit
$ 10
Best offer
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, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2
Min. Deposit
$ 50
Best offer
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Payment Methods:
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.
3
Min. Deposit
$ 10
Best offer
User Score
9.2
24/7 Support for all Traders
Trade Margins, Indices & Futures
Highly-rated mobile app with super low rate fees
Start Trading
Payment Methods:
American Express, Apple Pay, Credit Card, Debit Card, Discover, Google Pay, Mastercard, Visa
Full Regulations:

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

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Step 1. Find an exchange

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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

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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

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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

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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
Best offer
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:
AdvCash, Afterpay, Bank Transfer, Banxa, Cash, CashU, Check, Credit Card, Debit Card, Discover, EPS, Giropay, Google Pay, Ideal, Klarna, Mastercard, MoneyGram, Neosurf, POLi, PayPal, Payeer, Payoneer, Perfect Money, PicPay, Przelewy24, Rapid Transfer, SEPA, Simplex, SmartPay, Swish, Trustly, UnionPay, Venmo, Visa, Volt, WeChat, WebMoney, Western Union, Wire Transfer, Yandex, Yandex Money, mPay, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , paysafecard, postepay, skrill
Full Regulations:

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

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Step 1. Find a broker

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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

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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

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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

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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

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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?

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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?

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

Pros

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  • 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

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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?

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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?

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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:

Basic Attention Token (BAT/USD), Bancor (BNT/USD), and 0x (ZRX/USD) are some of the best Ethereum ecosystem tokens you can get before August ends. Basic Attention Token made an announcement that on August 19, 2022, Brave purchased 388,000 BAT, where the company has bought nearly 2.35 million BAT tok
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 (CVC)? On April 12, 2022, Civic (CVC)

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

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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.

Get started with BNT



Sources & references
Risk disclaimer
Charlie Hancox
Financial Writer
Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.