How to Buy Bancor Network Token (BNT) in Anguilla

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

Step 1 – Signup to Coinmama

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Bancor Network Token (BNT) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Find Bancor Network Token (BNT)

Once your deposit has been approved, you will now have access to your funds and you can launch invest and trading. To purchase Bancor Network Token (BNT) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To find Bancor Network Token (BNT), you'll need to put the short name of the asset (BNT) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have marked this also. Click on “BNT/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bancor Network Token (BNT)
Step 4 – Acquisition of Bancor Network Token (BNT)

Once you have discovered Bancor Network Token (BNT), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled automatically with the most latest price Bancor Network Token (BNT) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of BNT you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete quantity of BNT.

When you are happy, click on “Buy BNT”. Your order will be filled when a Vender sells their BNT for the price you submitted.

Step 5 – Withdraw Bancor Network Token (BNT)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your Bancor Network Token (BNT), hover over the ”Funds” tab and click on “Withdraw”. Bancor Network Token (BNT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bancor Network Token (BNT) by using the provided drop-down box. Put into the amount of Bancor Network Token (BNT) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Congrats! You have successfully bought and safed Bancor Network Token (BNT) in Anguilla.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Bancor Network Token (BNT) is safe in your wallet, you are finished.

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