Built on the ERC-20, Ethereum network – Bancor is a new class of crypto. Coined as Smart Tokens, the Bancor network is able to take a type of crypto asset and provide the ability to swap them for another on it’s network, without having to rely on lining up buyers and sellers. This is possible through the unlimited liquidity provided by the Bancor network.Volume of the orders and given demand at any time, may affect the price of the swap.
BNT tokens are the backbone of the Bancor network, as each asset is swapped for BNT, and then again from BNT into the desired asset. Similar to other DeFi exchanges and platforms, users are able to earn yield from providing liquidity to the network.
To buy Bancor Token with Swyftx, you will need to sign up for a free trading account by entering your name, phone number, email and creating a secure password. After verifying the details you have entered, you will need to verify your identity by uploading a copy of either your passport or drivers licence (this is an Australian Government regulation that applies to lal exchanges). This process only takes a few minutes, and once verified, you can then deposit AUD into your account and buy Bancor.
With the goal of making cryptocurrency investing easy and more accessible, the Swyftx trading application is full of benefits and features that make it an ideal platform for both new and experienced traders. Based in Australia, Swyftx has an Australian based customer support team that offers both live chat and phone support, a demo mode, price triggered buy and sell orders, recurring orders, a large variety of payment methods, easy tax reporting and more.
Swyftx has lower spreads and cheaper trading fees than many of our closest competitors.
Verify online instantly without uploading documents and deposit AUD to start Bancor trading in less than 2 minutes.
Breached password detection and Two Factor Authentication help protect your account from scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.