How to Buy Bancor (BNT) in the UK (2021)

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From the UK and looking to buy Bancor (BNT) with GBP?

Check out this quick guide for an overview of the best places where you get it in the UK.

Intro: Best Ways to Buy Bancor (BNT) in the UK

Here’s a quick overview of the best places where you can buy Bancor (BNT) in the UK.

ProviderPayment MethodFees
BinanceUK Bank TransferUp to 0.10%
Coinbase ProUK Bank TransferUp to 0.50%
CoinJarUK Bank Transfer1%
Crypto.com AppUK Bank TransferVariable

How to Buy Bancor UK

1. Cryptocurrency Exchanges

You can currently buy Bancor (BNT) on Binance and Coinbase Pro – which are two of the biggest and most popular cryptocurrency exchanges available in the UK.

You can deposit GBP into each of these cryptocurrency exchanges using a UK bank transfer (via Faster Payments). GBP that I’ve transferred over to Coinbase Pro has previously been credited in minutes. Binance doesn’t take much longer (10-15 minutes).

Binance has lower trading fees than Coinbase Pro but doesn’t allow you to DIRECTLY buy Bancor (BNT) with GBP. This means you’ll have to exchange your GBP for something that can be used to buy Bancor (BNT).

What Bancor (BNT) trading pairs are available on Binance?

Binance currently has 4 Bancor (BNT) trading pairs:

  • BNT/BTC
  • BNT/ETH
  • BNT/USDT
  • BNT/BUSD

If you want to buy Bancor (BNT) on Binance, you’ll need to exchange your GBP for one of these other cryptocurrencies.

What GBP trading pairs are available on Binance?

Binance currently has 16 GBP trading pairs available to UK residents:

  • ADA/GBP
  • BNB/GBP
  • BTC/GBP
  • CAKE/GBP
  • CHZ/GBP
  • DOGE/GBP
  • DOT/GBP
  • ENJ/GBP
  • ETH/GBP
  • GBP/BUSD
  • GBP/USDT
  • LINK/GBP
  • LTC/GBP
  • SXP/GBP
  • VET/GBP
  • XRP/GBP

One downside of cryptocurrency exchanges is that they’re nowhere near as beginner-friendly as using a broker. It can also take days (or longer) for them to respond to any support requests.

Check out my in-depth Binance review for more details.

Alternatively, head over to the Binance or Coinbase Pro website to learn more about either of these options.

2. CoinJar

Established in 2013, CoinJar is a cryptocurrency broker and exchange where you can easily buy Bancor (BNT).

It supports 23 other cryptocurrencies too – which includes Compound (COMP), Basic Attention Token (BAT), Algorand (ALGO), and other popular cryptocurrencies.

GBP can be deposited into CoinJar with a UK bank transfer (via Faster Payments). No other payment methods are currently supported. Anything I’ve sent over to CoinJar has typically been credited within minutes.

CoinJar charges a fixed fee of 1% when you buy Bancor (BNT) or any other cryptocurrency which it supports. When I’ve recently checked, I’ve found that the prices they quote for Bancor (BNT) are close to the real exchange rate (within about 0.5%).

That’s more expensive than using a cryptocurrency exchange – but also a lot more convenient and beginner-friendly.

Head over to their website or check out my CoinJar review to learn more.

3. Crypto.com App

With the Crypto.com app, you can buy Bancor (BNT) and more than 100 cryptocurrencies with a UK bank transfer, credit/debit card, or SEPA bank transfer.

The Crypto.com app was previously quite a simple and cheap way to buy loads of cryptocurrencies with GBP. However, I’ve recently noticed that the prices that they’re quoting are significantly above the real exchange rate.

When I’ve checked, prices quoted for Bancor (BNT) were about 1.5% higher than on exchanges like Binance or Coinbase Pro. If you go with them, ensure you double-check what you’re REALLY being charged.

The app isn’t as simple or intuitive as alternatives like CoinJar, Luno, or Coinbase either.

Download the app to check it out yourself, or give my Crypto.com review a read for more details.

Thanks for Reading!

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