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Bancor Network (BNT): How it works and where to buy it

Learn more about Bancor Network, why the BNT token is useful and where to buy it.

Learn about Bancor Network Learn more
Where to buy BNT Find BNT exchanges

Bancor Network Tokens (BNT) are the native tokens of Bancor Network.

The Bancor Network is a series of permissionless liquidity pools designed to facilitate more seamless trading and accessible liquidity in the DeFi space.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
CryptocurrencyBNT
Circulating supply~66,000,000 BNT
Maximum supplyVaries with demand
TypeERC20
PurposeMulti-purpose utility token

What is DeFi? Read the beginner’s guide

How does Bancor Network work?

At its heart, Bancor Network is a series of liquidity pools. It is intended to serve as a decentralized and permissionless alternative to the market making schemes which provide liquidity in centralized systems.

Put simply, its purpose is to ensure that people can make crypto-to-crypto trades faster and at lower cost. It builds these liquidity pools by rewarding people who make deposits into the Bancor Network pools.

The BNT token serves multiple purposes in this system: it’s an incentive mechanism, an admission token, an intermediary currency to help grease the wheels and a governance token.

What does BNT do?

BNT serves multiple functions:

  • Admission token. People are required to deposit BNT proportional to the amount of their other deposits.
  • Incentive. Rewards, in the form of a cut of the Bancor Network trading fees, can be paid to liquidity providers.
  • Intermediary currency. As a native, plentiful currency in the Bancor Network, BNT is available as an intermediary currency to enable more seamless exchanges.
  • Governance. BNT token holders can exercise governance rights over the network, for example, by voting on whether network fees are distributed to token holders.

How to buy BNT

Here’s a step-by-step guide on one way of buying BNT. Note that there might be other options available, so you may want to compare cryptocurrency exchanges to find the one that’s right for you.


Name Product Deposit methods Fiat Currencies Cryptocurrencies
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

50
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App (US)
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

76
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

386
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Revolut Cryptocurrency App
Revolut Cryptocurrency App
Bank transfer (ACH), Bank transfer (SEPA), SWIFT, Credit or Debit Card
USD, EUR, GBP, CAD, NZD, JPY, HKD, NOK, DKK & 9 more

21
cryptocurrencies

Buy and sell several popular cryptocurrencies through your Revolut account, set up recurring purchases and transfer it to other US users. You can’t transfer cryptocurrency to anyone who does not have an active Revolut account. Service not available in Tennessee.
ZenGo Cryptocurrency App
ZenGo Cryptocurrency App
Bank transfer (ACH)
USD

48
cryptocurrencies

Take advantage of ZenGo's unique self-custody system to buy, sell and spend and earn cryptocurrency in your own wallet.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

58
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

50
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
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