Buy Bancor Network Token in Canada
Bancor Network Token made simple
Everything you need to know about Bancor Network Token and how to start investing in it.
+$0.02 (1.90%) past 24 hours
- Market Cap
- 24h low - high range
- $1.03 - $1.09
Bancor (BNT) is the native token of the Bancor Protocol, a decentralized exchange native to Ethereum that lets you swap cryptocurrencies. Bancor is similar to Uniswap in its design; the major difference is that the Bancor Protocol uses the BNT token to carefully manage the reserves of tokens that other users supply to make these trades happen.
Why Wealthsimple Crypto?
Wealthsimple Crypto lets you buy and sell cryptocurrencies all in one easy-to-use app. And as Canada’s first regulated crypto platform, you can trust that your coins are in good hands. How simple is it?
- Sign up in minutes right from your phone or laptop
- Start trading crypto with as little as $1
- No account minimums
- No clunky dashboards — just one super simple app
- Best of all: you don’t need to be an expert in crypto or blockchain to get started
What can you do with Bancor?
Aside from speculating on its price, you can stake BNT within the Bancor Protocol and earn the token for providing liquidity to the protocol. If you stake BNT within a specific liquidity pool, you’ll earn vBNT, a governance token that you can use to determine the parameters that define that Bancor Protocol.
Is Bancor Network Token a smart investment?
Crypto carries risks — but generally speaking, our advice (regardless of whether you’re investing in Bancor Network Token or stocks) is: never invest what you can’t afford to lose. The smartest way to grow your money long term is with a diversified, low-cost portfolio that tracks the market.
How we keep your Bancor Network Token safe
As Canada’s first regulated crypto trading platform, we’re required to meet certain requirements — like using only qualified custodians (like Coinbase Custody) for cold storage.
FYI: Wealthsimple Crypto is not an exchange itself. Instead, we work with multiple exchanges to give you the best Bancor Network Token prices.
And to make sure your coins are extra protected, we’ve partnered with Coincover for an extra layer of security.
If you’re holding crypto outside of Wealthsimple, that’s no problem. You can safely transfer your Bancor Network Token to your Wealthsimple account in just a few taps.
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More info about Bancor Network Token
Want to take a deeper dive? Check out these articles about Bancor Network Token and the world of crypto.
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Ready to get started?
Download the Wealthsimple Trade app, create your account, and start trading Bancor Network Token with just $1. It’s that simple.
Yep! When you open a Wealthsimple Crypto account, you can get started with anywhere from $1 to $1,500 instantly.
Generally speaking, the CRA treats cryptocurrencies as a commodity. Here’s what they say:
Any income from transactions involving cryptocurrency is generally treated as business income or as a capital gain, depending on the circumstances. Similarly, if earnings qualify as business income or as a capital gain then any losses are treated as business losses or capital losses.
Always keep solid records of any Bancor Network Token transactions. If you use Wealthsimple Crypto to buy or sell cryptocurrencies, we’ll generate some of those tax documents for you.
Bancor Network Token’s current market cap is 141,572,266.
The current price for Bancor Network Token in Canadian dollars is $1.06.
Buying Bancor Network Token with Wealthsimple is, well, simple. The first thing you need to do is open and fund a Crypto account in the Wealthsimple Trade app. You can connect your bank account and add up to $1,500 instantly.
From there, follow these steps: 1. Tap the magnifying glass icon in the top right corner of your screen 2. Type in Bancor Network Token 3. Tap Buy 4. Enter the dollar value of cryptocurrency you'd like to buy and tap Continue 5. Review the order details and tap Confirm order
You can choose between two different order types when buying Bancor Network Token. A market order lets you buy or sell crypto immediately at the best available price at the time. A limit order lets you buy or sell crypto at a specific price or better.
You can withdraw funds from the cash balance in your Crypto account and move those funds to your bank account. Withdrawals typically take around 2 - 3 business days.
A crypto wallet — often called a “hot wallet” — is a location for holding crypto “on-chain” (i.e. linked to the blockchain versus off-chain cold storage.) Many users use wallet applications to help them manage their blockchain addresses, since each chain uses its own addresses.