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 Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have 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 Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're 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 instantly have access to your assets and you can initiate purchasing and trading. To invest in Bancor Network Token (BNT) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Bancor Network Token (BNT), you will need to put the short name of the asset (BNT) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “BNT/BTC” to go ahead.

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 located Bancor Network Token (BNT), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The ”Price” field will be filled with the most up-to-date price Bancor Network Token (BNT) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of BNT you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of BNT.

If you're happy, make a mouse click on “Buy BNT”. Your plan will be filled when a Vendor trades their BNT for the price you introduced.

Step 5 – Withdraw Bancor Network Token (BNT)

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

Find Bancor Network Token (BNT) by using the given drop-down box. Drop in the quantity of Bancor Network Token (BNT) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (BNT) Bancor Network Token is stored inside your wallet, you're all done.

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