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).

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. 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 Exchange? (Just follow this guide)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Bancor Network Token (BNT)

As soon as your deposit has been affirmed, you will directly have access to your funds and you can commence buying and trading. To purchase Bancor Network Token (BNT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to spot Bancor Network Token (BNT), you'll need to insert the shortname of the coin (BNT) into the search box, which is marked in the picture. Be certain of having selected the correct grouping, we have highlighted this also. Click on “BNT/BTC” to advance.

Step 4 – Purchase Bancor Network Token (BNT)

As soon as you've found Bancor Network Token (BNT), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation Bancor Network Token (BNT) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of BNT you like to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole volumen of BNT.

If you're happy, click on “Buy BNT”. Your plan will be filled as soon as a Vendor trades their BNT for the price you offered.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. In order to take off your Bancor Network Token (BNT), go to the ”Funds” tab and click on “Withdraw”. Bancor Network Token (BNT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bancor Network Token (BNT) by using the provided drop-down box. Put into the quantity of Bancor Network Token (BNT) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.