The Bancor protocol makes it easy to exchange tokens across many pairs, with over 10,000 options and and an easy-to-use interface for token swap agreements. The platform’s decentralized exchange (DEX) network allows for P2P transactions without any third-party intermediary like an escrow agent or arbitrator.

This reduces downtime and increases efficiency by eliminating transaction costs associated with waiting on confirmation times. The native token of the platform, connecting all others, is the Bancor Network Token, also just known as Bancor coin or by its ticker BNT. In this guide, we’ll discuss if BNT is a good investment, how to invest in Bancor and where to buy BNT securely.

Where to Buy Bancor (BNT)

To buy BNT coins, first, know which crypto exchanges list them. Many exchanges and brokers have listed BNT due to its popularity. Based on our research, the best places to invest in Bancor are the following crypto platforms:

1. eToro – Overall Best Place to Buy Bancor in 2022

One of the most popular platform to buy Bancor coin is through eToro, which listed BNT on Feb 1st, 2022.

eToro charges trading fees on a spread-only basis, which ends up being comparatively cheaper for investors.

eToro however does not support leverage on crypto, which is one of the disadvantages as compared to its rivals. It’s simple interface is more suited to beginners and long-term holding of crypto. Day trading BNT is also possible although you might prefer to open a second account at Binance for its maker / taker fee system.

There are no deposit fees when you pay with USD while using your credit or debit cards or bank transfers. All you only need is just $10 to invest in BNT and other crypto assets.

eToro is a good choice for cryptocurrency investors as it offers access to over 60 different digital assets. CopyPortfolios are another useful feature for those who want to copy other seasoned traders for their investment in cryptocurrencies rather than monitor the 24/7 crypto markets themselves.

The eToro platform is regulated by the FCA, SEC, and ASIC. You can access the platform on the web using a laptop or a MacBook or an app that is available for iOS and Android devices.

eToro is also popular amongst investors as the best crypto staking platform.

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Simple Place to Buy Bancor Coin With a Debit Card

The Crypto.com platform makes it easy for users to invest in cryptocurrency by allowing them to purchase Bancor coins with a few clicks. With this platform, you can trade between leading currencies like Bitcoin (BTC) and Ethereum (ETH). Not only does buying cryptocurrencies come at an affordable price, but the exchange also has a robust safety mechanism.

Bancor is a popular coin on Crypto.com. There are many investors investing in BNT coins by making Visa and MasterCard payments. It has a 2% commission per purchase made. The trial period is 30 days after opening an account wherein investors can trade without paying any commission.

It offers 250+ digital tokens as well ranging from small/mid-cap coins to large-cap coins. It is compatible both as a desktop browser and a mobile app.

Crypto.com offers a diverse range of digital assets and has various payment options. These include debit cards, credit cards, bank transfers, etc. This platform is chosen by investors for its “Crypto Earn” tool that allows users to earn interest on their cryptocurrency holdings.

The Crypto.com DeFi Wallet enables easy access to your trading tools, no matter where you go. Crypto.com is also an NFT marketplace that assists users to invest in NFTs using cryptos without any hassle.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – User-Friendly Way to Buy Bancor Coin Today 

Coinbase listed BNT in December 2020. Recently appearing in the Superbowl half-time ads, Coinbase exchange has become a household name.

It is also open to the US, quickly becoming one of America’s most trusted crypto exchanges. Worldwide it has about 90 million users. Hence, this platform is trusted and tested by millions of investors to buy cryptocurrencies including Bancor Network Token.

Investing in Bancor at Coinbase is easy. You need to register an account and upload a copy of your ID. Then you can pay for your digital tokens instantly via a Visa or MasterCard deposit. This comes with high fees of 3.99% though, bank transfers are cheaper. We recommend those, and Coinbase Pro if you actively swing trade.

Coinbase is also a suitable platform to invest in other digital tokens aside from Bancor since it offers a wide range of assets. Its free wallet supports storing NFTs. If you’re looking for copytrading options, unlike eToro it doesn’t have that feature.

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Buy Bancor With Crypto at 0.10% Trading Fees

Binance added a BNT / BTC pair in Oct 2017 as part of the crypto bull run that year. This popular long-established crypto exchange has the highest trading volume and largest variety of altcoins and DeFi tokens.. When trading against BTC, ETH or USDT (Tether) – it has only a 0.1% trading fee. The BNT / USDT pair was added in Feb 2020.

Binance charges 3.5% on debit and credit card deposits and bank wire transfers costs $15 per transfer. Binance also supports deposits via ACH, which are free of charge.

Take note of the withdrawing charges that Binance comes with. It varies according to the withdrawal method and fiat. For Bancor, the withdrawal fee is 0.079 BNT.

Binance operates in the US by partnering with Binance.US although it’s a more scaled back version that Americans can access.

After you buy Bancor, you can use the Binance Trust Wallet app to store your crypto holdings.

Cryptoassets are a highly volatile unregulated investment product.

What is Bancor (BNT)?

The Bancor Protocol is a standard for new generations of cryptocurrencies that are called Smart Tokens. It allows you to hold any token and convert it into another with no counterparty, but at an automatically calculated price.

Bancor provides continuous on-chain supply between cryptocurrencies. It does this through clever technology that redefines how people buy and exchange tokens in the evolved investment ecosystem.

Is Bancor a Good Investment?

A question that many investors ask is if at all their cryptocurrency is worth it. The fact remains that only a small percentage of these crypto tokens have any fundamental worth. You’ll need to do some research and analyze the use cases of these cryptos to make a sound investment decision. Before you put your money on risky tokens including BNR, read our review of Bancor to have more insights.

Decentralized Exchanges

Decentralized exchanges (DEXes) are becoming increasingly popular. They are gaining more momentum against their centralized counterparts. Bancor is an example of such a decentralized exchange.

• Bancor does not require a third party to store your funds. Instead, you always directly control your coins and you conduct transactions directly with whoever wants to buy or sell your coins.
• Bancor makes it possible for you to create an account instantly and start trading right away.
• The servers of decentralized exchanges including Bancor are spread out across the globe which means a lower risk of server downtime.

Bancor Network Trading View

Bancor has an interface that is intuitive and easy to understand. In addition to this, it offers a variety of different views that all have something special about them. These include an order book or price chart for your chosen cryptocurrency plus historical data on orders entered by users. This helps you to make an informed decision.

Bancor Pools

Bancor pools’ liquidity has over $2.2 billion in volume. The percentage of BNT staked here is 76.93%. Using Bancor pools you can stake tokens and earn rewards and fees with impermanent loss protection.

For instance, the ETH/BNT pool has a fee of 0.10%. It offers over 60% returns on BNT and a 7% return on ETH. The USDC pool has a 0.20% fee and offers 56.94% on rewards on BNT and 51.17% on BNT. The USDT pool has a 0.20% fee. It offers rewards at 65.53% and 72.08% of BNT.

Bancor Data

Bancor uses Dune analytics. It offers volume, trading, and market performance data by using this. The daily volume of the token, monthly Bancor USD volume, liquidity stakes ranked by size, BNT supply, and more information can be found. It will also have details on Bancor’s unique protected positions and wallets.

Bancor Token

Bancor Network’s native is BNT. It is the default for all smart tokens on the network. In 2017, Bancor’s ICO raised more than $144 million in funds. Bancor supports the liquidation of other tokens also. But the tokens must comply with the ERC-20 or EOS standards.

Roadmap

Bancor has not given out a formal roadmap, but they focus on and continue improving the platform with new features. In May 2021, Bancor announced three pillars of development:

Token Onboarding

Open Bancor’s doors to maximum assets by lowering the barrier to whitelisting. It also makes bootstrapping and incentivizing liquidity cost-effective and easier.

Financial Access and Control

Design powerful financial tools for LPs. This would help to earn high returns on idle assets and enable earnings management, user-friendly.

World-Class Trading Venue

Offer the best prices on a wide array of assets to capture a growing share of the total volume of crypto trading. It claims to ensure a world-class trading experience by offering advanced charting and analytics. It also brings novel tools for professional and retail investors.

Bancor Price

The Bancor price today is around $2.8 with a total market cap of over $700,000,000. The circulating supply as of now is over 200,000,000 BNT coins.

Bancor price history via Coinbase

It should be noted that right from its inception, the BNT price has mostly been stuck in an accumulation cycle without much movement to the upside over the years.

Although there were developments in blockchain technology, this asset remains at a low valuation, not having a bull cycle or ‘pump’ like other altcoins. The price of Bancor did spike to $10 at the beginning of 2018 (the end of the 2017 bull run when Bitcoin crashed from $20k). Later it reaccumulated again for years, pumping to $9.36 during the 2021 bull run.

Its price movements tend to rely on Bitcoin and the wider crypto markets rising in marketcap. The bullish case however is that BNT is yet to ever pump of its own accord, and if it does, the longer an asset spends accumulating in a sideways trading range, the more explosive the breakout to the upside tends to be.

Bancor Price Prediction

Many investors are confident that BNT will have a bull run and in the short-term see price acceptance above $3. Bancor has established a fast, reliable network and enhances the user experiences of the product. These features can add to the BNT coin’s value and it might cross $3.55 in 2023.

Considering the technological announcements and progress of the financial scenarios, it could BNT retests its ATH by 2024 in the run-up to the Bitcoin halving that year.

Bancor’s initiatives on education, outreach, and innovations will add to the value of the token in the long-term.

Cryptoassets are a highly volatile unregulated investment product.

Ways of Buying Bancor (BNT)

To buy BNT, you must choose your payment method carefully. Using one of the best brokers that we have reviewed, you can pick any one of the following payment options:

Buy Bancor With Credit Card or Debit Card

Investing in Bancor is easy with eToro. All you need to do is open up your account and choose how much money you want to invest in BNT. The verification process is simple and takes only a few minutes. Choose a credit or a debit card as your preferred payment option and make the purchase.

There are charges that you need to be mindful of. For instance, Coinbase charges higher charges when you purchase crypto with credit cards and Crypto.com has a 2.99% charge for using debit cards. On the other hand, eToro offers USD-backed deposits absolutely free.

Buy Bancor With Paypal

You can buy and sell cryptocurrencies with PayPal on eToro.com without any charges like many other platforms. There’s no need to deposit money or wait for bank transactions when using this site – just enter your PayPal details and buy BNT without any inconvenience.

Buy Bancor Without KYC Verification 

Bancor can be bought and sold on many exchanges. The KYC process is required to ensure your safety. You may opt for a P2P platform but the affair might be risky. Instead, choose a broker like eToro as it is highly regulated and has a simple KYC verification process.

Best Bancor Wallet

Once you know how to buy Bancor coin, you must think about how you wish to store the holdings. Bancor tokens are generally stored in private wallets. You can download these by using a mobile app or desktop software. Some of the leading providers are Phantom Wallet, Sollet, and Solflare Wallet. These give exclusive access to your private keys.

Stringent security controls are required to prevent exposing your BNT tokens to potential hackers. If you are looking for a beginner-friendly wallet to store your Bancor tokens, consider eToro Money Crypto Wallet.

The wallet is available free of charge for iOS and Android users. It has been designed by considering the needs of novice crypto investors. In case you misplace your private keys or forget your wallet password, eToro ensures its regain.

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Bancor – Tutorial

For detailed knowledge on how to invest in BNT at a low-cost and efficiently, our guide will help you out. You can use your tokens either to buy the best NFTs or trade it on eToro. The following are the steps in this regard –

Step 1: Open an eToro Crypto Account 

Firstly go to eToro official website and click on ‘Join now’. When you click on ‘Join Now’, a form appears. Fill out this online application form carefully.

Enter your full name and contact details to get started. Your personal details are required to create an authorized account. eToro keeps your information private and safe.

Step 2: Upload ID

To invest in Bancor coin at eToro, get yourself verified. This process takes place instantly so it will take just 1-2 minutes.

To prove your identity, upload a government-issued document. This could be a passport. As proof of residence, you can upload either recent bank statements or utility bills.

Step 3: Deposit Funds

eToro is a suitable place for beginners as it gives you easy access and flexibility. The minimum deposit on eToro is $10. On this platform, you can buy BNT with different payment methods – Visa or MasterCard, bank transfers, PayPal, Skrill, etc.

With a variety of deposit options, you need not pay any fees while buying Bancor tokens. All payments are denominated in US Dollars on eToro.

Step 4: Search for Bancor

On the eToro dashboard, go to the search board and type ‘Bancor ’. When it appears, click on ‘Trade’. eToro will instantly show up a list of relevant markets for your trades.

Step 5: Buy Bancor

eToro enables traders to use fiat currency to purchase cryptos. Use the slider to choose how much money you wish to deposit into your eToro account. Click on ‘Open Trade’ to confirm your investment.

How to Sell Bancor

To sell Bancor coins on eToro, the process is similar to buying them. You are not required to pay any fees when you want to cash out your tokens. All you need to do is head over to the portfolio section and place an order. The price will be reflected on the eToro platform.

Conclusion

Many claim that the Bancor protocol is the solution to low liquidity and poor adoption in crypto. With the decentralized Bancor network entering the crypto market, exchanging one token for another has become easier and more convenient.

The Bancor platform may seem daunting at first, although its not necessary to use it in order to invest in Bancor, that can be done just by buying and holding Bancor Network Token (BNT) if you believe in the project long-term. Do your own research (DYOR) and don’t invest all your funds in one altcoin as some altcoin projects do fail. While there are several platforms to buy and trade BNT, always pick a licensed and regulated platform.

The FCA, ASIC and CySEC regulate eToro and it is SEC compliant in the US. With a low minimum deposit (starting from $10 in the US and UK), eToro is popular with investors especially those new to crypto.

It also has a portfolio you can replicate for DeFi coins, of which Bancor is one given its decentralized applications. For example eToro will assign a weighting to your portfolio for each DeFi coin, so you’ll hold coins like AAVE alongside BNT to diversify.

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