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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bancor Network Token (BNT) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Bancor Network Token (BNT)

As soon as your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To invest in Bancor Network Token (BNT) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate Bancor Network Token (BNT), you will need to insert the short name of the asset (BNT) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “BNT/BTC” to advance.

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

Once you've located Bancor Network Token (BNT), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Bancor Network Token (BNT) was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of BNT you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of BNT.

When you're satisfied, click on “Buy BNT”. Your order will be filled when a Seller trades their BNT for the price you submitted.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your Bancor Network Token (BNT), hover over the ”Funds” tab and click on “Withdraw”. Bancor Network Token (BNT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bancor Network Token (BNT) by using the given drop-down box. Enter the volumen of Bancor Network Token (BNT) you'd like to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Kudos! You have successfully bought and stored Bancor Network Token (BNT).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (BNT) Bancor Network Token is safe in your wallet, you are done.

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