Buy Bancor Network Token (BNT)


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What is Bancor (BNT)?

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. 

How to Buy Bancor Token with Swyftx?

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.

Why Buy Bancor with Swyftx?

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.

How to Buy Bancor in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy BNT

Frequently Asked Questions

Where is the best place to buy Bancor?

The best place to buy Bancor is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Bancor?

Yes, Swyftx is a safe and secure platform to buy and sell Bancor (BNT). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of BNT determined?

The price of BNT is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Bancor with credit card?

Swyftx does not allow you to directly buy Bancor with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BNT instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.