Where to buy Bancor
Bancor’s native BNT token used to power the Bancor network can be bought from various trading platforms such as Binance and eToro. Below are some of our recommended crypto exchanges and brokerages where you can find Bancor and add it to your trading portfolio.
Why buy Bancor?
With Bancor, users can deposit crypto assets into a liquidity pool and earn a share of the platform’s trading fees. How much they make will be based on the amount of crypto they have added to the platform.
One of the most attractive aspects of parking liquidity in Bancor is its “safe staking”. This is a mechanism that protects against impermanent loss (IL). IL is when a liquidity provider’s asset pair fluctuates in price, and a short-term loss is incurred. To mitigate this risk, which occurs in times of high volatility, Bancor has instituted IL insurance, which covers 100% of liquidity provider funds.
Right now, there’s a big demand in crypto for trustless, reliable yield platforms and staking services. Many investors will want to earn a yield on their coins when they’re not trading them or when they plan on holding their digital assets for a long time. Staking on Bancor is ideal, and any increased demand is great for BNT.
Where to store your BNT
You can keep your BNT tokens on the trading platform you purchased them from. If you'd prefer to have more control over your tokens and greater security, then investing in a hardware wallet may be preferable. Hardware wallets are small non-custodial USB wallets that provide greater securprotectionyour assets. Some of the best hardware wallets on the market are provided below.
