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 – Transmit 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 alike. 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 Trader? (Follow this manual)

Make sure you have chosen the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Bancor Network Token (BNT)

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can start invest and trading. To purchase Bancor Network Token (BNT) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

To spot Bancor Network Token (BNT), you will need to put the cointype (BNT) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “BNT/BTC” to go on.

Step 4 – Buy Bancor Network Token (BNT)

Once you have discovered Bancor Network Token (BNT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order.

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

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

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. In order to take off your Bancor Network Token (BNT), hover over the ”Funds” tab and click on “Withdraw”. Bancor Network Token (BNT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bancor Network Token (BNT) by using the given drop-down box. Put into the quantity of Bancor Network Token (BNT) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.