Bancor Network is a decentralized crypto exchange that focuses on the DeFi sector by allowing easy integration with Dapps. Bancor is one of the pioneers of the DeFi sector. Bancor network allows for the exchange of tokens across different blockchain networks. The BNT token serves as both the governance and the utility token. It runs on Ethereum and EOS, and for every trade on the platform, the tokens are converted to BNT for transactions. The gas fees from the trade generate rewards for the liquidity providers (LPs) who locked their BNT tokens on the exchange. BNT also serves as the governance token in the ecosystem.
The fastest, most convenient way to purchase Bancor is to purchase it on ICONOMI. We check Bancor live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Bancor by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Bancor is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bancor, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bancor in their structure.