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.
|Binance||UK Bank Transfer||Up to 0.10%|
|Coinbase Pro||UK Bank Transfer||Up to 0.50%|
|CoinJar||UK Bank Transfer||1%|
|Crypto.com App||UK Bank Transfer||Variable|
How to Buy Bancor UK
1. Cryptocurrency Exchanges
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).
Binance currently has 4 Bancor (BNT) trading pairs:
If you want to buy Bancor (BNT) on Binance, you’ll need to exchange your GBP for one of these other cryptocurrencies.
Binance currently has 12 GBP trading pairs available to UK residents:
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.
Established in 2013, CoinJar is a cryptocurrency broker and exchange where you can easily buy Bancor (BNT).
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 (around 0.5% higher).
That’s more expensive than using a cryptocurrency exchange – but also a lot more convenient and beginner-friendly.
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 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.
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