How to Buy Bancor (BNT)
Are you looking to gain exposure to the emergent decentralized exchange market? Maybe you would like to earn fees on your crypto holdings with Bancor.
If so, you may want to consider BNT, the native cryptocurrency token of Bancor, an automated market maker (AMM). Bancor is designed to provide liquidity to cryptocurrency markets without requiring a financial institution to manage it directly.
Bancor’s decentralized exchange incentivizes users to lock up cryptocurrency in liquidity pools in exchange for a share of the fees paid when they are bought and sold by traders.
Not sure yet why you’d want to buy BNT? Feel free to read our What is Bancor? guide, which offers a more extensive breakdown of the project’s technology and vision.
Ready to dive in?
If you just want to start buying BNT right away, click the button below to begin.
Why buy BNT?
You may want to consider buying BNT if you want to:
- Lend BNT to a liquidity pool and earn more cryptocurrency
- Invest in decentralized exchange platforms
- Stake BNT to participate in the platform’s governance
- Support the development of applications on the Ethereum blockchain
- Diversify your long-term crypto investment strategy
Where can I buy BNT?
While there are a number of ways to buy BNT, purchasing it through a trusted global exchange like Kraken might be easiest.
Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world and offers the lowest fees in the industry.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard your funds. This matters because if you lose the private key to your BNT wallet, it can be challenging if not impossible to recover your funds.
How much BNT can I buy?
Looking to buy a small amount of BNT? Don’t worry, Kraken offers a minimum order size of 1 BNT to help you gain exposure without placing a large order.
Of course, you can also execute larger BNT buy orders as well. Crypto traders purchase or trade 30,000 BNT or more on Kraken exchange.
Where to keep your BNT
Once you buy BNT, your Bancor tokens will be stored on Kraken.
Kraken is secure, but it’s always safest to keep your BNT in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions. This enables you to control your own crypto funds.
When choosing a crypto wallet for your BNT, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
Of note, Bancor is a platform built on top of Ethereum, thus BNT can be stored in any Ethereum wallet.
Start buying Bancor
Ready to take the next step towards contributing to decentralized exchange protocols? Click the button below to buy BNT on Kraken today!