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 Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bancor Network Token (BNT) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate Bancor Network Token (BNT)

As soon as your deposit has been approved, you'll now have access to your funds and you can initiate invest and trading. To purchase Bancor Network Token (BNT) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To locate Bancor Network Token (BNT), you'll need to put the short name of the asset (BNT) into the search box, which is marked in the image. Be certain of having selected the right pairing, we've 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 – Purchase Bancor Network Token (BNT)

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

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

If you're glad, make a mouse click on “Buy BNT”. Your order will be filled as soon as a Vendor sells their BNT for the price you introduced.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. To withdraw your Bancor Network Token (BNT), go to the ”Funds” tab and mouse click on “Withdraw”. Bancor Network Token (BNT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

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

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (BNT) Bancor Network Token is stored inside your wallet, you are all done.
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