How to buy Bancor Network Token (BNT) in Australia

Learn how to buy Bancor Network Token (BNT) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Bancor Network Token

1. Compare crypto exchanges

The easiest way to buy Bancor Network Token is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.

4. Buy Bancor Network Token

You can now exchange your funds for Bancor Network Token. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Bancor Network Token to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Bancor Network Token in Australia

Find an exchange to buy, sell and trade BNT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 6 of 22
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

363
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

312
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

303
cryptocurrencies

Finder Exclusive: Sign-Up & Verify to get $10 in Bitcoin.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

273
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

366
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Apple Pay, Bank Transfer (PayID/Osko/BPAY), Google Pay
AUD, GBP

53
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
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Compare up to 4 providers

Steps on how to buy Bancor Network Token

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Bancor Network Token.

  1. Compare cryptocurrency exchanges that support BNT.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Bancor Network Token.
  4. Buy Bancor Network Token.
    Complete your Bancor Network Token purchase and then find the best wallet to store BNT.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Bancor Network Token

Before acquiring any cryptocurrency, it’s essential to thoroughly research your purchase and be fully aware of any risks involved. Cryptocurrencies are complex and speculative, so make sure you consider a wide range of factors before you buy.

If you’re thinking of buying BNT, take the following into account:

  • Tokenomics: Unlike many other tokens, BNT can be both inflationary and deflationary. Most newly created BNT tokens are only created to match the token (TKN) liquidity that is staked on the platform. This is done to provide impermanent loss protection to users, which incentivises the use of the platform. When TKN liquidity is removed or BNT is staked by users, the protocol-minted BNT is burned (just as though it never existed), along with the fees it accrues. This should ultimately be deflationary for BNT. The elastic supply of BNT is to provide liquidity to the platform and should not be detrimental to BNTs price.
  • Competitors: Bancor is just one of many decentralised protocols attempting to provide liquidity to traders. Automated market makers (AMM) have become quite popular as the DeFi ecosystem has evolved, with major players like Uniswap and PancakeSwap cornering a large portion of the market.
  • Use-case: Beyond providing liquidity and participating in Bancor’s pools, the BNT token has a number of other uses. BNT can be staked in exchange for additional rewards. In the latest V2 update, those that stake BNT will be issued vBNT which can be used for governance rights on the Bancor platform or be used in further staking opportunities. vBNT holders can participate in governance by voting on proposals pertaining to the development of the Bancor platform.

How to sell Bancor Network Token

You can cash out your BNT with the same exchange you bought it through:

  1. Sign in to the exchange you have BNT on.
    If you store your Bancor Network Token in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of BNT you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Bancor Network Token.

Disclaimer: Cryptocurrencies, including Bancor Network Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BNT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Bancor Network Token or any other cryptocurrency discussed.

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