How to Buy Bancor Network Token (BNT)

A Step-by-Step-Guide on how to buy Bancor Network Token (BNT)

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and getting your first 10 Dollar.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange 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 sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate Bancor Network Token (BNT)

Once your deposit has been affirmed, you will instantly have access to your finances and you can begin invest and trading. To buy (BNT) Bancor Network Token on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover (BNT) Bancor Network Token, you'll need to put the shortname of the coin (BNT) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “BNT/BTC” to proceed.

How to buy Coin on Binance 1 Bancor Network Token (BNT)
Step 4 – Purchasing (BNT) Bancor Network Token

After you've located Bancor Network Token (BNT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our Limit Order.

The “Price” field will be filled automatically with the recent tariff (BNT) Bancor Network Token was traded for. This can be changed to your desired rate. The “Amount” field is the amount of BNT you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of BNT.

If you are glad, click on “Buy BNT”. Your order will be filled when a Seller sells their BNT for the price you gave.

Step 5 – Withdraw (BNT) Bancor Network Token

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

Find Bancor Network Token (BNT) by using the given drop-down box. Put into the amount of Bancor Network Token (BNT) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored Bancor Network Token (BNT).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (BNT) Bancor Network Token is stored in your wallet, you are done.