Bancor
About Bancor
Bancor (BNT) is one of the first Decentralized Finance (DeFi) protocols ever, with its early, 2017 inception. Bancor’s users can trade and earn on the same platform, without any registration, or sign-up process. With Bancors staking features, users can deposit many crypto tokens, such as WBTC, AAVE, MATIC, ETH, LINK, and more, to potentially earn an annual percentage rate (APR) on their holdings, while reportedly being fully protected from impermanent loss. The entire ecosystem is governed by its Decentralized Autonomous Organization (DAO), where BNT holders have a direct say in various aspects of Bancor based on voting power awarded proportionally to their token holdings. Additionally, the Bancor Network Token (BNT) can be used to provide liquidity for Bancor’s exchange, in return for a share in all related transaction fees and interest.
In the last hour, Bancor's price has seen a change of +0.61%, and over the past 24 hours, its price has moved by +1.02%. Over the previous week, Bancor's price has moved by +11.09%. The current price of Bancor is OMR 0.1363, accompanied by a trading volume of 809.6k in the last day. Bancor's price is currently 98.51% below its all-time high of OMR 9.1500, which remains the highest price Bancor has achieved since its launch. The circulating supply of Bancor stands at 101.5M, translating to a total market capitalization of 13.83M.
Market stats
Frequently asked questions
How to invest in Bancor?
Rain offers you a number of ways to start investing in Bancor, including buying Bancor through bank transfers or by using your bank card. To purchase Bancor on Rain, you can select Bancor in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Bancor with card?
Once you add your bank card to your Rain account, you can use it to buy Bancor directly. You can start by adding your card to your payment options on your Rain account. To purchase Bancor using your bank card, you can select Bancor, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Bancor through bank deposit?
Rain enables you to buy Bancor using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Bancor. To do that, you can select Bancor in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Bancor?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Bancor successfully:
On your Rain account, select Bancor then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Bancor into cash?
Rain gives you the opportunity to sell Bancor and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Bancor and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Bancor?
If you would like to receive Bancor in your Rain account, simply click on Receive and select Bancor from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Bancor to avoid possible loss of funds.
How to send Bancor?
You can easily send your Bancor from your Rain account to any external wallet by clicking on Send and selecting Bancor from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Bancor with Rain?
When you buy Bancor with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Bancor on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Bancor wallet?
A Bancor wallet is where you can securely store Bancor. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Bancor address?
A Bancor address is a string of unique characters that is tied to your Bancor wallet. The address functions just like a bank account number and it is what you use in order to send Bancor from your wallet, or to receive Bancor to your wallet.
What trading pairs available for Bancor?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Bancor with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Bancor with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Bancor?
You can trade Bancor with any amount above $30 or equivalent in your account's currency. You can start trading Bancor now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Bancor?
Besides Bancor, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Bancor built on?
Bancor is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Bancor safe?
To keep your Bancor safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Bancor be in next 5 years?
Price predictions for Bancor over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Bancor taxable?
Trading Bancor may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Bancor's ATH?
Bancor’s all-time high (ATH) was OMR 9.1500 on 19 Jun 2017. This represents the highest recorded market price of the asset to date.
What is the market cap of Bancor?
With a market capitalization of 13.83M, Bancor is ranked 286 among other crypto assets.
What is the all-time high of Bancor?
The highest valuation of Bancor since its launch was at OMR 9.1500, marking its all-time high.
What is the 24-hour trading volume of Bancor?
The trading activity of Bancor over the last 24 hours was at 809.6k, highlighting its liquidity in the market.
How many Bancor are there in circulation?
There are approximately 101.5M units of Bancor currently in circulation, affecting its market dynamics.
What is the relative popularity of Bancor?
Bancor market cap is around 13.83M.
When was Bancor created?
Bancor was introduced on 12 Jun 2017.
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