How to buy Bancor in Canada

Newton makes it fast and easy to buy, sell and hold 70+ cryptocurrencies in Canada.

What is Bancor (bnt)?

Launched in 2017, Bancor (BNT) is the only decentralized staking protocol that allows you to earn money with single-token exposure and full protection from impermanent loss. This token allows traders to provide liquidity for pools available on the network. The liquidity providers will receive pool tokens that represent their share of liquidity, fees, and liquidity mining rewards in the pool. Bancor generates millions in fees per month for depositors, offering high yield APR staking on over a handful of tokens. Since swap fees are earned, more BNT is eventually burned than what was initially supplied by the protocol. This excess of BNT is then burned to offset the cost of impermanent loss, deflating the overall supply of Bancor long term.

Why Bancor?

Bancor (BNT) is built on the Ethereum network and the EOS network. Its most compelling reason for use is that you can use Bancor to convert value between coins on different blockchains. Bancor aims to incentivize users to deposit assets into pools. The pool consists of a pair of tokens and a reserve of BNT cryptocurrency. After depositing coins in a pool, they receive a new token in return. This is known as a pool token. It allows the user to retrieve the original amount they locked in the protocol.

Bancor Resources

https://www.bancor.network/

https://whitepaper.io/coin/bancor

https://www.reddit.com/r/Bancor/

Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.

Where do I buy Bancor?

Here's how to buy Bancor in Canada.

Direct Purchase

You can buy cryptocurrency online, or send and receive it directly from another individual in person or over the web.

Via a regulated Brokerage or Exchange

Many people find it easier to purchase Bancor through a trading platorm like Newton.

Why Newton?

Newton offers a dead-simple way to buy and sell cryptocurrency in Canada at prices that most other platforms simply cannot afford to compete with.

Where do I buy Bancor in Canada.

Here's how to buy Bancor in Canada

1

Sign-up in Canada for an account.

Create an account and add funds or choose an amount of your currency to trade.
2

Trade fiat or crypto for stablecoin.

Trade your chosen currency into a stablecoin.
3

Send to your desired exchange.

Find an exchange that offers bnt, then transfer your crypto to that exchange.
4

Initiate purchase and you're done.

Go through the steps to purchase, and that's it.

Why use stablecoins when transferring to an exchange?

Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.

It's easy to get started

Buy & Sell Bancor quickly on your phone or computer.

1

Create an account.

Provide some basic details about yourself to get verified. This process usually takes less than 5 minutes!

2

Fund your account.

Connect your bank account or utilize Interac e-Transfers to add or withdraw funds seamlessly.

3

Start buying.

You can start buying and selling crypto quickly and easily right away on your phone or on web browser.

Why you'll love trading Bancor on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and tight spreads. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

On average our prices are 0.5–0.7% above spot at volumes of up to 3 BTC. This makes our overall price 3x lower than a leading competitor who charges approximately 2.25% in spread + fees.

World-class security.

Newton uses machine learning to detect and prevent account takeover attempts, a common form of cryptocurrency fraud.

Low-cost and no-commissions.

Trading and funding your account is absolutely free. Transfer cryptocurrency to and from your account at no cost (we cover up to the first $5 in network fees).

Unique & functional design.

We take a first principles approach to design, resulting in an easy-to-use experience that is unlike any other exchange.

Works on any device.

Get started on your web browser, or download the Newton app for Android and iOS to take control of your crypto on-the-go.

Proudly Canadian.

We want cryptocurrency to be taken seriously, so we go above and beyond to make sure we're compliant with current and anticipated Canadian regulations.

Where do I keep my Bancor?

After you've purchased crypto, the next step is to find the best way to secure it.

Wallets are often considered to offer some of the best security for your cryptocurrency. While you have the option of keeping your assets on Newton, Newton is primarily a low-fee cryptocurrency trading platform, and not a wallet service.

While we have institutional third-party custody to keep customers' digital assets safe, many individuals who buy cryptocurrency consider transferring a portion of holdings to external wallets for personal custody.

What can you do with my Bancor?

Explore a variety of uses, options and processes.

Governance

More secure staking for rewards

Cross-chain conversions

Start buying Bancor in minutes.

Get started with as little as $10 CAD.