How to Buy Bancor (BNT) in Australia
Bancor (BNT) is your smart crypto wallet — decentralized, simple and secure. Buy Bancor on Digital Surge, Australia’s trusted cryptocurrency exchange.
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How to Buy Bancor on Digital Surge in 3 Easy Steps
Buying Bancor has never been easier. Follow these quick steps to get started.
01.
Create an account
Sign up & verify on your mobile or desktop
02.
Deposit funds
Deposit AUD instantly with PayID
03.
Start trading
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Bancor Price & Market Data
Check out the latest Bancor price, stats, and market data.
Stats
- Market cap
- $38.97M
- Circulating supply
- 107.85M BNT
- Max supply
- 110.54M
- 24h trading volume
- $201.02K
- Rank
- #669
- All-time high
- $13.71 AUD Jan 9, 2018
- All-time low
- $0.191694 AUD Mar 13, 2020
About Bancor
Your smart crypto wallet. Decentralized, simple and secure.
Decentralized Exchange (DEX)
Exchange-based Tokens
Decentralized Finance (DeFi)
Automated Market Maker (AMM)
Ethereum Ecosystem
1 BNT =
$0.37 AUD
-1.25%
What is Bancor and How Does It Work?
Bancor is a decentralized protocol that enables automated token trading through liquidity pools, eliminating the need for traditional order books. Launched in 2017, Bancor was one of the first platforms to introduce the concept of automated market makers (AMMs), which later became fundamental to decentralized finance (DeFi). The protocol uses its native BNT token to facilitate trading and provide liquidity across various cryptocurrency pairs.
The Bancor protocol operates through smart contracts that automatically calculate exchange rates based on mathematical formulas, ensuring continuous liquidity for supported tokens. Users can trade cryptocurrencies directly from their wallets without relying on centralized exchanges or finding specific buyers. Bancor’s unique design includes impermanent loss protection for liquidity providers and single-sided staking, making DeFi participation more accessible to everyday users.
- Automated Market Maker – Enables continuous token trading without order books
- Impermanent Loss Protection – Shields liquidity providers from certain risks
- Single-Sided Staking – Allows earning rewards without providing token pairs
- Cross-Chain Trading – Supports tokens across multiple blockchain networks
- Governance Token – BNT holders can participate in protocol decisions
Why Buy Bancor?
Bancor appeals to users seeking exposure to decentralized finance innovation and automated trading protocols. The BNT token serves multiple utilities within the Bancor ecosystem, including governance participation, liquidity provision, and accessing advanced trading features. As DeFi continues expanding, Bancor’s established position as a pioneering AMM protocol and its unique features like impermanent loss protection make it attractive to those exploring decentralized trading solutions. The protocol’s cross-chain capabilities also position it well for the multi-blockchain future of cryptocurrency.
Bancor Storage Tips
How to Store Bancor Securely
After purchasing Bancor, you can store it securely in your Digital Surge wallet for easy access and trading. For additional security, you can transfer your BNT to:
Use Ethereum-Compatible Wallets
Store BNT in MetaMask, Trust Wallet, or hardware wallets supporting ERC-20 tokens.
Keep Private Keys Secure
Never share your wallet private keys and consider hardware wallets for large amounts.
Verify Contract Addresses
Always confirm you're using official Bancor contract addresses when interacting with the protocol.
Frequently Asked Questions
Yes, buying Bancor in Australia is legal. Digital Surge is registered with AUSTRAC, complying with Australian anti-money-laundering and counter-terrorism-financing requirements for cryptocurrency exchanges.
BNT tokens serve multiple purposes including participating in protocol governance, providing liquidity to earn rewards, accessing advanced trading features, and staking for additional benefits within the Bancor ecosystem.
Bancor offers impermanent loss protection through its protocol design, which can compensate liquidity providers for losses that occur due to price fluctuations between paired tokens over time.
Yes, Bancor supports trading for hundreds of different tokens through its automated market maker system, allowing you to swap between various cryptocurrencies directly through the protocol.
We offer low and transparent trading fees starting from 0.1%, with no hidden costs. View our fee structure here.
You can deposit AUD instantly using PayID or via bank transfer — both with zero deposit fees. Most PayID deposits arrive in under 60 seconds.
Yes, in compliance with Australian regulations, all users complete a quick identity verification. Most verifications are approved within minutes, so you can start trading fast.
400+ Cryptocurrencies & Counting
What Other Tokens Can I Buy?
Bancor is just the beginning! Explore and trade over 400+ cryptocurrencies, including:
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Aave (AAVE) – An open-source lending and borrowing protocol.
JUST (JST) – A DeFi protocol for lending and stablecoin minting on TRON.
Ethena (ENA) – A synthetic dollar protocol built on Ethereum.
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