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 Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bancor Network Token (BNT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find Bancor Network Token (BNT)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can initiate purchasing and trading. To purchase Bancor Network Token (BNT) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover Bancor Network Token (BNT), you will need to put the short name of the asset (BNT) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we have marked this also. Click on “BNT/BTC” to proceed.

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

Once you have discovered 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 image). For now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff Bancor Network Token (BNT) was traded for. You can change this to your desired price. The ”Amount” field is the amount of BNT you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of BNT.

If you're glad, click on “Buy BNT”. Your order will be filled as soon as a Seller trades their BNT for the price you gave.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Bancor Network Token (BNT), go to the tab called “Funds” and click on “Withdraw”. Bancor Network Token (BNT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bancor Network Token (BNT) by using the given drop-down box. Enter the amount of Bancor Network Token (BNT) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (BNT) Bancor Network Token is stored inside your wallet, you're finished.

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