How to Buy Bancor Network Token (BNT)

A Step-by-Step-Guide on how to buy Bancor Network Token (BNT)

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bancor Network Token (BNT) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Bancor Network Token (BNT)

As soon as your deposit has been verified, you will now have access to your funds and you can begin purchasing and trading. To buy Bancor Network Token (BNT) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To spot Bancor Network Token (BNT), you will need to insert the short name of the asset (BNT) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “BNT/BTC” to continue.

Binance Hot To Buy Bancor Network Token (BNT)
Binance How to Buy (BNT) Bancor Network Token
Step 4 – Acquisition of Bancor Network Token (BNT)

After you've discovered Bancor Network Token (BNT), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our Limit Order.

The ”Price” field will be automatically filled with the most up-to-date tariff Bancor Network Token (BNT) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of BNT you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of BNT.

If you are satisfied, click on “Buy BNT”. Your order will be filled when a Vendor sells their BNT for the price you submitted.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you're trading, never keep your crypto coins on an Crypto Exchange for an extended time frame. To take off your Bancor Network Token (BNT), hover over the tab called “Funds” and click on “Withdraw”. Bancor Network Token (BNT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bancor Network Token (BNT) by using the given drop-down box. Put into the amount of Bancor Network Token (BNT) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.

Binance Withdraw

Congrats! You've successfully purchased and safed Bancor Network Token (BNT).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (BNT) Bancor Network Token is stored in your wallet, you are done.

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