A Step-by-Step-Guide on how to buy Bancor Network Token (BNT)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bancor Network Token (BNT) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Bancor Network Token (BNT) Once your deposit has been verified, you will instantly have access to your assets and you can launch buying and trading. To purchase Bancor Network Token (BNT) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find Bancor Network Token (BNT), you will need to put the shortname of the coin (BNT) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “BNT/BTC” to continue.
Step 4 – Acquisition of (BNT) Bancor Network Token As soon as you have found (BNT) Bancor Network Token, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The ”Price” field will be filled with the most latest price (BNT) Bancor Network Token was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of BNT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole quantity of BNT. If you are happy, click on “Buy BNT”. Your plan will be filled as soon as a Vender trades their BNT for the price you offered.
Step 5 – Withdraw (BNT) Bancor Network Token Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. In order to take off your (BNT) Bancor Network Token, hover over the ”Funds” tab and click on “Withdraw”. (BNT) Bancor Network Token can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BNT) Bancor Network Token by using the given drop-down box. Drop in the volumen of (BNT) Bancor Network Token you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.