A Step-by-Step-Guide on how to buy Bancor Network Token (BNT)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your welcome $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bancor Network Token (BNT) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find Bancor Network Token (BNT) As soon as your deposit has been verified, you'll now have access to your funds and you can start purchasing and trading. To buy Bancor Network Token (BNT) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To discover Bancor Network Token (BNT), you'll need to put the shortname of the coin (BNT) into the search box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “BNT/BTC” to proceed.
Step 4 – Buy Bancor Network Token (BNT) Once you have spotted Bancor Network Token (BNT), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Bancor Network Token (BNT) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of BNT you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of BNT. When you are happy, click on “Buy BNT”. Your order will be filled when a Vendor sells their BNT for the price you gave.
Step 5 – Withdraw Bancor Network Token (BNT) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Bancor Network Token (BNT), hover over the ”Funds” tab and mouse click on “Withdraw”. Bancor Network Token (BNT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bancor Network Token (BNT) by using the provided drop-down box. Put into the amount of Bancor Network Token (BNT) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.