Buy Bancor: A Comprehensive Guide on How to Buy BNT– Best Exchanges & Brokers

Bancor (BNT), a pioneering decentralized liquidity protocol, has gained significant traction since its launch. Its automated market-making and staking features attract many crypto enthusiasts. We’ll show you simple, fast, and secure ways to buy and store Bancor (BNT). To keep things short, we think that Coinbase is the best option to buy Bancor. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Bancor.

Buy Bancor on Coinbase

Coinbase is a regulated crypto custodian with licenses worldwide, ensuring it meets strict security standards under the supervision of financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for cryptocurrency custody. This highlights the exceptional security standards Coinbase upholds.

While you have the flexibility to use external wallets, Coinbase offers a highly secure environment for storing your Bancor (BNT). Unlike some platforms that impose withdrawal delays, Coinbase processes withdrawals immediately, allowing you to access your funds quickly.

Cost-effectiveness is another advantage. Coinbase’s fees are highly competitive at 0.15%, significantly lower than the industry average. To put this into perspective, some competitors charge as much as 1.5% per transaction.

Coinbase prioritizes user security with features like two-factor authentication (2FA), adding an extra layer of protection to your account. They also offer customer support, typically responding within 24 hours, ensuring users receive prompt assistance.

The platform is designed with ease of use in mind. Its intuitive interface caters to both novice and experienced traders. Additionally, Coinbase provides dedicated apps for Android and iOS, enabling users to manage their Bancor (BNT) holdings conveniently from anywhere.

How to Buy Bancor (BNT) on Coinbase

Step 1: Sign Up for Coinbase

To buy Bancor (BNT), you first need a Coinbase account. Visit Coinbase.com and click “Get Started.” Enter your name, email, and password, then click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires identity verification for regulatory compliance. You’ll need to upload a government-issued ID and provide personal details like your address and date of birth. This process usually takes just a few minutes.

Step 3: Add a Payment Method

To buy Bancor (BNT), you need to link a payment method. Coinbase supports:

• Bank Account: Lower fees and higher transaction limits.
• Credit or Debit Card: Faster transactions but higher fees.
• PayPal: Available for deposits and withdrawals in select regions.

Step 4: Buy Bancor (BNT)

Once your account is set up and your payment method linked, follow these steps to buy Bancor (BNT):

1. Go to the “Buy/Sell” section on the Coinbase dashboard.
2. Select Bancor (BNT) from the list of available cryptocurrencies.
3. Enter the amount you wish to purchase in your local currency or in BNT.
4. Choose your preferred payment method.
5. Review transaction details, including fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your Bancor (BNT) Securely

After purchasing BNT, it will be stored in your Coinbase wallet. For added security, consider transferring your BNT to a personal wallet, such as a hardware wallet from Ledger or Trezor.

Benefits of Buying Bancor (BNT) on Coinbase:

• User-Friendly Interface: Easy for beginners and experienced traders.
• High Security: Coinbase employs industry-leading security measures like two-factor authentication (2FA) and insurance for stored funds.
• Multiple Payment Options: Supports bank transfers, credit/debit cards, and PayPal.

Buy Bancor on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its high security and user-friendly platform. Binance allows users to buy, sell, and trade a wide variety of cryptocurrencies, including Bancor (BNT). In this guide, we’ll walk you through how to buy and trade Bancor (BNT) on Binance.

Step 1: Register on Binance

To start buying Bancor (BNT), you need to create an account on Binance. While identity verification is not mandatory, completing the verification process allows you to increase your daily withdrawal limit. Without verification, you can still use all platform features but with a lower withdrawal limit.

Step 2: Buy Bancor (BNT) with a Credit Card

To buy Bancor (BNT) via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Bancor (BNT) as your cryptocurrency and select your payment currency (EUR, USD, etc.).
3. Enter Your Personal Information: Fill in the required fields with your details.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card details.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport or other government-issued ID.

Important Notes Before and After Your Purchase

• BNT Price Fluctuation: The Bancor (BNT) amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you may be asked to reconfirm the transaction.
• Transaction Fees: Binance charges a small transaction fee, which varies based on payment method.
• Transaction Limits: The daily limit for purchases varies based on verification level.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history on Binance.

Step 3: How to Trade Bancor (BNT) on Binance

If you already own cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Bancor (BNT). Here’s how:

1. Deposit Ethereum (ETH) or Other Crypto: If you have Ethereum (ETH) or another supported cryptocurrency, you can deposit it into your Binance account. If you don’t have ETH yet, you can buy it on Binance or another exchange and transfer it.
2. Access the Deposit Section: Click on “Funds” in the navigation bar and select “Deposit.”
3. Find Your Crypto Wallet Address: Search for Ethereum (ETH) or another trading pair and find your deposit address. Use this address to transfer funds from another exchange or wallet.
4. Exchange for Bancor (BNT): Once your funds arrive, go to the “Markets” tab, search for “BNT/ETH” or another relevant pair, and place an order.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading with leverage for advanced users, allowing you to amplify trades with higher risk. Make sure to understand leverage before using it.
• Security: Activate two-factor authentication (2FA) to protect your account. Binance provides multiple security features, including cold storage for crypto funds and insurance coverage for major losses.

Buy Bancor on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken is a highly secure and regulated cryptocurrency exchange, adhering to strict security standards and being overseen by financial authorities. Institutional investors trust Kraken for cryptocurrency custody, underscoring the high level of security the platform provides.

Kraken allows users to store their Bancor (BNT) tokens securely while also offering the flexibility to transfer them to external wallets. Unlike some platforms, Kraken processes withdrawals swiftly, ensuring you have quick access to your funds.

Kraken’s trading fees are highly competitive, structured in a tiered manner, with the lowest fees starting at 0.16% for makers and 0.26% for takers. These rates are notably lower than many competitors in the market.

User security is a top priority at Kraken, with advanced security features such as two-factor authentication (2FA) and encryption to protect your account. The platform also provides reliable customer support that typically responds quickly.

Kraken is designed to be user-friendly, accommodating both beginners and experienced traders. Its intuitive interface, along with mobile apps for Android and iOS, allows users to manage their Bancor (BNT) holdings and execute trades conveniently on the go.

How to Buy Bancor (BNT) on Kraken

Step 1: Sign Up for Kraken

To start buying Bancor (BNT), create an account on Kraken. Visit Kraken.com and click on “Create Account.” Enter your name, email, and a secure password, then click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You will need to upload a government-issued ID and provide your address and date of birth. This process typically takes just a few minutes.

Step 3: Add a Payment Method

To buy Bancor (BNT), you must link a payment method. Kraken supports multiple options:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for instant purchases, though fees are slightly higher than bank transfers.
• Wire Transfers: Supported in several countries for larger purchases.

Step 4: Buy Bancor (BNT)

Once your account is set up and a payment method is linked, you’re ready to buy Bancor (BNT)!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Bancor (BNT) from the list of available cryptocurrencies.
• Enter the amount you want to purchase in your local currency or in BNT.
• Choose your preferred payment method.
• Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your Bancor (BNT) Securely

After purchasing Bancor (BNT), it will be stored in your Kraken wallet. For enhanced security, consider transferring your BNT to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on an exchange.

Benefits of Buying Bancor (BNT) on Kraken:

• User-Friendly Interface: Kraken’s intuitive design makes it easy for both beginners and experienced traders.
• High Security: Kraken employs industry-leading security measures, such as two-factor authentication (2FA) and insurance for funds held in its vault.
• Competitive Fees: Kraken offers low trading fees, making it an attractive option for all types of investors.
• Multiple Payment Options: Kraken supports a variety of payment methods, including bank transfers, credit cards, and wire transfers.

Buy Bancor on Kriptomat

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a relatively young cryptocurrency exchange, but no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies, including Bancor (BNT), directly using Euro, USD, and other fiat currencies. Additionally, you can send your BNT tokens directly to an external wallet. However, it is important to note that Kriptomat currently restricts trading to Europe, meaning investors from regions like the USA cannot access the platform.

The platform prioritizes a user-friendly and modern interface, making it easy for anyone to buy and trade cryptocurrencies. This makes Kriptomat our top recommendation, especially for beginners. When it comes to security and trustworthiness, Kriptomat stands out with its two licenses from the Estonian government.

Another major advantage of Kriptomat is its fee structure. Unlike many exchanges and brokers that add a price premium, Kriptomat charges no markup—your purchase price corresponds to the real-time market price of Bancor (BNT). The platform only applies a nominal transaction fee, which is always transparently displayed before completing an order.

Set Up a Bancor (BNT) Account on Kriptomat

Kriptomat adheres strictly to European Union regulations and requires full identity verification. To buy Bancor (BNT) on Kriptomat, you first need to create an account. Visit the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up where you must enter your first and last name, email address, and a secure password.

Kriptomat will send you a verification email. Click the link to verify your account. Once done, you can log in with your newly created credentials. However, you are not finished with registration yet.

Before you can purchase Bancor (BNT) and access additional features, you must verify your phone number. Kriptomat will send an SMS with a verification code that you must enter on the platform. Next, due to strict EU regulations, you will need to complete full identity verification. Click on the corresponding prompt to proceed.

A new pop-up will appear, asking you to provide your address details (street, house number, city, country). You must also upload a photo or scan of your passport or ID card. Kriptomat offers a fast and convenient mobile verification option. Simply follow the SMS link sent by Kriptomat and complete the verification on your smartphone.

You will need to take and upload a photo of your ID (front and back) and, in the final step, provide a selfie for facial recognition verification. You can allow Kriptomat to access your camera directly from your smartphone.

If you plan to buy Bancor (BNT) using a SEPA bank transfer, you must also add your bank account to your Kriptomat profile. However, if you are using Neteller, Skrill, or a credit card, this step is not required. Once you have completed these steps, you will gain full access to Kriptomat’s features.

Buy Bancor (BNT) on Kriptomat

Buying Bancor (BNT) on Kriptomat is simple and intuitive. First, navigate to the “Buy/Sell” tab (Step 1) and select the “Buy” option (Step 2). Below, choose Bancor (BNT) as the cryptocurrency you want to purchase.

Next, select one of the four available payment methods (Step 3). If you choose SEPA bank transfer, you must first add your bank account to your Kriptomat profile. The other options (credit card, Neteller, Skrill) allow you to purchase Bancor (BNT) instantly without additional data entry.

In Step 4, enter the amount of Bancor (BNT) you want to buy. Click “Buy Bancor” to review the transaction fees. Once you confirm the transaction, Kriptomat will complete your order.

After purchase, Kriptomat will confirm the transaction and redirect you to the “My Wallet” section. Your Bancor (BNT) balance will appear within seconds.

Store Your Bancor (BNT) Securely

While Kriptomat provides a secure environment for storing your Bancor (BNT), we recommend transferring your tokens to a personal wallet for additional security. Consider using a hardware wallet like Ledger or Trezor for maximum protection.

Advantages of Buying Bancor (BNT) on Kriptomat:

• User-Friendly Interface: Designed for beginners, Kriptomat provides an intuitive and seamless trading experience.
• Secure Platform: The exchange follows strict European security regulations and offers advanced verification features.
• Transparent Fees: Kriptomat charges minimal transaction fees and no hidden markups.
• Multiple Payment Methods: Users can buy Bancor (BNT) using bank transfers, credit cards, Skrill, and Neteller.

Buy Bancor at Anycoin

Anycoin is a popular cryptocurrency exchange platform that provides a simple and secure way to buy and sell Bancor (BNT) and other cryptocurrencies. It caters to both beginners and experienced traders, offering an intuitive interface and various features designed to make crypto trading easier and safer.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin provides a straightforward and clean platform, making it easy for new users to start trading Bancor (BNT) while allowing advanced traders to access more features.
2. Wide Selection of Cryptocurrencies: Anycoin supports multiple cryptocurrencies, including Bancor (BNT), Ethereum (ETH), Bitcoin (BTC), and more, making it easy to diversify your portfolio.
3. High Security Standards: Security is a top priority, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. This ensures your BNT tokens are safe from potential threats.
4. Low Fees: Anycoin offers competitive trading fees, making it an attractive option for those looking to minimize costs while trading Bancor (BNT).
5. Multiple Payment Methods: Users can purchase Bancor (BNT) using various payment methods, including bank transfers, credit cards, and PayPal, depending on their location.
6. Fast Transactions: Transactions on Anycoin are processed quickly, allowing users to buy Bancor (BNT) without long delays.
7. Support for Wallets: While Anycoin provides its own wallet for storing Bancor (BNT), it is also recommended to transfer assets to a personal wallet for added security, such as a hardware wallet.
8. Dedicated Customer Support: Anycoin offers customer support to assist users with any issues or inquiries related to their transactions or accounts.
9. Mobile Apps: Anycoin has mobile apps available for Android and iOS, enabling users to manage their portfolios and execute trades on the go.

How to Buy Bancor (BNT) on Anycoin:

1. Create an Account: Visit the Anycoin website and click “Sign Up.” Enter your name, email address, and create a secure password. You will receive a verification email to confirm your account.
2. Verify Your Identity: Anycoin requires identity verification to comply with regulations. You may need to provide a government-issued ID and personal details.
3. Link a Payment Method: To buy Bancor (BNT), link a payment method. Anycoin supports various options, including bank transfers, credit cards, and PayPal.
4. Make Your Purchase: After verification and linking your payment method, navigate to the “Buy” section, select Bancor (BNT), and enter the amount you want to purchase. Review transaction details and fees, then complete your purchase.
5. Store Your Bancor (BNT) Securely: After purchasing Bancor (BNT), it will be stored in your Anycoin wallet. However, for better security, it is recommended to transfer your tokens to a personal wallet, such as a hardware wallet.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s user-friendly interface makes cryptocurrency trading accessible to all users.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, ensure the safety of your BNT holdings.
• Variety of Cryptocurrencies: Anycoin supports multiple digital assets, including Bancor (BNT).
• Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective choice for traders.
• Fast Transactions: Transactions are processed quickly, ensuring timely access to your purchased Bancor (BNT).

Buy Bancor at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Bancor (BNT), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraged trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a range of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions.
2. High Liquidity: Bybit is known for its high liquidity, which is particularly beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and long-term investors.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, enabling them to amplify their positions and increase potential profits. However, this also comes with higher risks, and it’s important to use leverage cautiously.
4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders.
5. Security Features: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions. These measures help ensure the safety of user funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, allowing users to trade and manage their crypto assets on the go.
7. Fast Transactions: Bybit ensures quick and seamless transactions, with fast order execution speeds, crucial for volatile markets.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform.
9. Customer Support: Bybit provides 24/7 customer support to assist users with any issues or questions through live chat, email, and other communication channels.

How to Buy Bancor (BNT) on Bybit:

1. Create an Account: Visit the Bybit website and click “Sign Up.” Enter your email address and create a secure password. After registering, you will receive a verification email to activate your account.
2. Verify Your Identity: Bybit may require you to complete a KYC (Know Your Customer) verification process. This involves uploading a government-issued ID and some personal information to verify your identity.
3. Deposit Funds: Once your account is set up, fund your account by depositing cryptocurrencies such as Ethereum (ETH), Tether (USDT), or Bitcoin (BTC), which can then be used to purchase Bancor (BNT).
4. Buy Bancor (BNT): Navigate to the “Spot” trading section, select Bancor (BNT) as the cryptocurrency you wish to purchase, and choose your trading pair (e.g., BNT/USDT).
5. Enter the amount of BNT you want to buy and review the transaction details before confirming the purchase.
6. Store Your Bancor (BNT): After purchasing Bancor, you can store it in your Bybit wallet. However, for added security, it’s recommended to transfer your Bancor tokens to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor).

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for features like margin trading, leverage, and access to a variety of crypto assets.
• Fast Execution and High Liquidity: The platform ensures fast order execution and deep liquidity, which is crucial for active traders.
• Security: Bybit prioritizes user security with features like two-factor authentication (2FA), cold storage, and an insurance fund.
• Mobile Trading: Bybit’s mobile apps allow users to trade and monitor their portfolios from anywhere.
• Competitive Fees: Bybit offers low trading fees, making it an attractive platform for traders looking to minimize costs.
• 24/7 Support: Bybit provides round-the-clock customer support to resolve any issues quickly.

Best Bancor wallet: Electrum

When using a desktop wallet, we have had very good experiences with the Bancor Electrum Wallet. We will show you briefly how to download and use it. First, you have to go to the official site and download the wallet (click!). Clicking the link will take you to the website where you can download the wallet. Scroll down a bit and click on the button “Download Electrum“.

Now you will land on a page where you have to choose the appropriate wallet for your operating system. If you are using Windows, you will need to download the Wallet version for Windows. For example, if you are a Windows user, click on “Windows Installer” (see picture: red arrow). If you want the app for Android, select the installer accordingly:

Once the file is downloaded, click on the setup file. Select a directory where the wallet should be installed and click on “Install”. The installation should not take longer than 2 minutes. When complete, click “Close”.

Congratulations: the wallet is installed. Now you start the Bancor Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will first ask you how to connect to a server. As a beginner, we recommend selecting “Auto connect” at this point.

The Electrum software will then detect that you have not yet created a wallet. Simply click “Continue” and name the wallet if desired. You will have different wallet types to choose from. If you find setting up the wallet difficult, we recommend choosing the “Standard wallet” option, which is free and works efficiently.

For extra security, you may opt to create a “Wallet with two-factor authentication“. This requires a smartphone and the Google Authenticator app, available on the App Store and Google Playstore. Using two-factor authentication enhances wallet security but incurs a small cost.

After clicking “Next”, a new seed must be generated. The seed depends on the address form. We recommend choosing “Segwit” as it is the most commonly used format. The seed consists of 12 words, which act as your key to the wallet in case you forget your password or lose your device. Write down the seed securely on paper and store it safely.

In the next step, you will need to enter the seed again. If done correctly, Electrum will prompt you to create a password. A strong password should include numbers and special characters. This password is required each time you open the wallet, so keep it safe.

Now you are ready to use the Bancor Electrum Wallet. The “Receiving Address” needed for transactions can be found in the upper right corner under the “Receive” tab. Copy this address and enter it at an exchange or wallet where you wish to receive Bancor (BNT). Once you input your Bancor wallet address and select a payment method, complete your transaction. Generally, transactions should be credited to your wallet within 24 hours.

If you have any questions, feel free to write us a comment, we will be happy to help you!