Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong.

Buy Bancor in the UK

Bancor

BNT
£0.000GBP
Figures shown refer to the past. Past performance is not a reliable indicator of future results. Pricing data is provided by CoinJar.
BNT price calculator
GBP
BNT

Overview

#384Popularity
DEXAsset type
2016Active since

What is Bancor?

Why investors buy Bancor (BNT): If you are in the world of , you’ve probably heard about Bitcoin and Ethereum. But what about ? Let’s explore Bancor Network Token (BNT) and how it aims to revolutionise liquidity in the crypto market.

What is Bancor (BNT)?

Bancor is more than just another cryptocurrency. It’s a blockchain protocol designed to tackle a critical issue: liquidity. Imagine having a token that is difficult to exchange for other tokens because there’s no active market for it. That’s where Bancor steps in.

The liquidity problem

Most tokens face liquidity challenges. While Bitcoin and Ethereum have bustling markets, smaller tokens struggle to find buyers and sellers. Bancor aims to change this by creating a network that directly converts tokens without relying on traditional exchanges.

Smart tokens and the Bancor Protocol

Bancor’s secret sauce lies in its Smart Tokens. These aren’t your typical coins; they’re like digital chameleons. Here’s how they work:

No middleman exchange

Instead of going through an exchange, Smart Tokens convert directly between different ERC-20 tokens. No need to wait for buyers or sellers – it’s all done on the blockchain.

Money that holds money

Smart Tokens hold reserves of other tokens within their smart contracts. Think of them as digital piggy banks filled with various coins. When you want to convert, they shuffle their reserves to make it happen.

Liquidity magic

By creating Smart Tokens, Bancor ensures that even lesser-known tokens can be traded globally. Suddenly, that obscure token you’ve been holding becomes more useful.

Real-world use case

Imagine a local community token for a sustainable farming project. It’s essential within that community, but no one outside knows about it. With Bancor, that token can gain global liquidity. Farmers can convert it to other tokens, trade it, or even use it for purchases.

Bancor and tokens

Bancor aims to build a future where millions of tokens coexist, each serving a unique purpose. Plus, Bancor’s native currency, BNT, plays a crucial role. It’s used for governance decisions and as a reward token.

Where can you buy and store BNT?

You can find BNT on CoinJar. Just search for “Bancor Network Token” or “BNT.”

If you’re interested in buying Bancor Network Token (BNT) on CoinJar, here’s a step-by-step guide to get you started:

Sign up for CoinJar

First, create an account on CoinJar by downloading the CoinJar app on iOS or Android. Complete the account verification process by providing the necessary identification details. UK residents are required to take an assessment and then wait 24 hours (see below).

Deposit funds

Transfer funds from your bank account to CoinJar using various methods.

Bank Transfer: Use standard bank transfers.

PayID: Instantly transfer funds using PayID.

Osko: Another quick payment option.

Wire Transfer, SEPA, or Faster Payments: Choose the most convenient method for you.

Navigate to the trading section

Log in to your CoinJar account.

Go to the trading section within the app.

Select Bancor (BNT)

Specify the amount

Enter the amount of BNT you want to purchase.

Confirm the transaction

Review the details of your purchase.

Confirm the transaction to buy BNT.

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Cash, credit or crypto?

Buy Bancor using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.

How to buy Bancor with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountCreate an account with CoinJar and verify your ID.
Step threeMake a purchaseBuy more than 60 cryptos using Faster Payments, SEPA, bank transfer, or a debit card.
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Standard Credit Card warning  If you use a credit card to buy cryptocurrency, you would be putting borrowed money at a risk of loss. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to i

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Important Note for UK Residents: If you come across this article, remember that cryptocurrency investment is high-risk. Be prepared to lose your entire investment. No protection is guaranteed if things go wrong.  Remember, this article does not constitute

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