Discover how to buy Bancor (BNT) in Turkey on an exchange you can trust

Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Bancor (BNT) is currently at
₺30.0121
+1.02%
4.5
How to buy Bancor (BNT) in 3 steps
Whether you’re new to crypto or an experienced trader, you can buy crypto using the OKX TR Exchange.
Step one
Get OKX TR
If you haven’t already, download the OKX TR app and sign up to get started.
Step two
Fund your account
Make a deposit using your preferred payment method.
Step three
Choose your crypto
Select the crypto you’d like to buy from the 3,000,000+ available on OKX TR.

What’s Bancor (BNT)? How can I buy it?

What is Bancor?

Bancor is a decentralized liquidity protocol that pioneered the concept of automated market makers (AMMs) in 2017. Launched on Ethereum, Bancor introduced on-chain liquidity pools that allow users to swap tokens directly without needing a traditional order book or a centralized intermediary. Instead, prices are determined algorithmically based on pool balances.

The project’s native token, BNT (Bancor Network Token), is used as a protocol token to facilitate cross-pool liquidity, governance, and certain risk-management mechanisms. Over time, Bancor evolved from its original bonding-curve design into a more advanced AMM architecture with features like single-sided staking, impermanent loss protection (ILP), and protocol-owned liquidity.

Bancor’s mission is to make on-chain liquidity more capital-efficient and user-friendly, particularly for long-tail tokens that lack deep centralized exchange markets.

How does Bancor work? The tech that powers it

Bancor’s core mechanics are built around AMM liquidity pools and the protocol’s native token, BNT. At a high level, here’s how it works:

  • Automated market maker pools

    • Liquidity pools hold pairs of assets that facilitate swaps. Unlike earlier AMMs that require symmetric deposits (e.g., 50/50), Bancor’s later versions emphasized single-sided staking, letting liquidity providers (LPs) deposit one asset and earn fees without needing to provide the counter-asset.
    • Swaps are priced algorithmically based on pool ratios, and trades incur a fee that is distributed to LPs and, in some designs, to the protocol treasury.
  • BNT as a protocol connector

    • Historically, BNT served as a connector token across pools. Instead of each pair needing its own dedicated pool, tokens could route through BNT, improving routing efficiency and enabling long-tail liquidity.
    • BNT issuance and burning mechanisms have been used to balance liquidity and manage ILP commitments. When demand for liquidity rises, the protocol could mint BNT to co-invest alongside LPs; conversely, when liquidity recedes, BNT could be burned.
  • Single-sided staking

    • A major UX innovation was allowing LPs to provide just one token (e.g., deposit only ETH or only a specific ERC-20) rather than both sides of a pair. Bancor’s protocol would pair deposits with BNT to create a balanced pool position under the hood.
    • This design simplified participation for LPs and helped attract liquidity to less liquid tokens.
  • Impermanent loss protection (ILP)

    • Impermanent loss occurs when the price of deposited assets diverges compared to simply holding them. Bancor introduced a protocol-level ILP mechanism that aimed to compensate LPs over time, funded in part by protocol fees and BNT token economics.
    • The design sought to make LP returns more predictable and less sensitive to market volatility. However, protocol-level ILP introduced complex risk management considerations, particularly in highly volatile markets.
  • Dynamic fees and routing

    • Bancor integrated dynamic fee mechanisms to respond to volatility and reduce value leakage to arbitrageurs. By adjusting fees algorithmically, the protocol sought to retain more value for LPs.
    • Smart order routing finds efficient paths for trades, often moving through BNT-linked pools to access deep liquidity across the network.
  • Governance and upgrades

    • Bancor DAO oversees parameter changes, pool whitelisting, fee policies, and upgrades. The DAO votes on proposals affecting ILP terms, emissions, and protocol risk parameters.
    • Over its lifecycle, Bancor released major iterations (e.g., Bancor v2, v2.1, v3), each refining ILP, single-sided liquidity, and capital efficiency.

Technical stack and security considerations:

  • Smart contracts on Ethereum (and previously on other chains) implement pool logic, mint/burn mechanics for BNT, routing, and fee distribution.
  • Oracles and on-chain price mechanisms can be used to manage dynamic fees and risk parameters.
  • Audits and formal verification are critical due to the protocol’s complexity. Like all DeFi systems, Bancor is exposed to smart contract risk, market risk, and governance risk.

What makes Bancor unique?

  • Pioneer of AMMs and single-sided liquidity: Bancor was among the earliest protocols to demonstrate AMMs on mainnet and later brought single-sided staking to the mainstream, reducing barriers to liquidity provision.
  • Protocol-level impermanent loss protection: Bancor’s attempt to insure LPs against IL via a protocol mechanism was novel. While it improved user experience for depositors, it introduced intricate systemic risk that required active governance and parameter tuning.
  • BNT as a network connector: Using a native token to connect pools aimed to aggregate liquidity and deepen markets for long-tail assets without requiring a dedicated pool for every token pair.
  • Focus on long-tail token liquidity: Bancor historically emphasized supporting smaller-cap tokens that struggle to find deep liquidity elsewhere, attempting to create sustainable markets with fairer fee capture.

Bancor price history and value: A comprehensive overview

  • Early issuance and 2017–2018 cycle: Bancor’s token launched during the 2017 ICO wave. BNT experienced significant volatility in the subsequent bear market as interest in DeFi cooled.
  • DeFi summer (2020–2021): With DeFi’s resurgence, AMMs gained prominence and BNT benefited from renewed attention, especially after Bancor introduced single-sided staking and ILP. Trading volumes and total value locked (TVL) increased during the broader market uptrend.
  • Market drawdowns and risk events: As crypto markets turned risk-off and volatility spiked, the costs and sustainability of protocol-level ILP became focal points. Adjustments to ILP policies and emissions were made through governance to stabilize the system.
  • Competitive landscape: Uniswap, Curve, Balancer, and others intensified competition in AMMs, each offering different trade-offs: Uniswap for simplicity and deep liquidity, Curve for stable pairs, Balancer for flexible pool weights. Bancor’s differentiators centered on LP protection and single-sided staking, but sustaining these at scale required careful monetary and risk management around BNT.

Note: For current price, market cap, and TVL metrics, consult reputable, real-time sources such as CoinGecko, CoinMarketCap, DeFiLlama, and the Bancor app or governance forum. On-chain data changes rapidly and should be verified before making financial decisions.

Is now a good time to invest in Bancor?

This depends on your risk tolerance, thesis on AMM economics, and view on Bancor’s roadmap and governance. Consider the following:

  • Thesis-driven positives

    • If you believe single-sided liquidity and LP protection will remain compelling, and that Bancor’s tokenomics can sustainably support those features, BNT could benefit from renewed adoption.
    • A differentiated approach to long-tail liquidity could attract projects and communities that value protected LP returns and simplified participation.
  • Key risks

    • Protocol risk: Complex ILP and BNT mint/burn mechanics can create feedback loops in stressed markets. Changes to ILP terms or emissions can impact token value and LP yields.
    • Competitive pressure: Generalized AMMs (Uniswap v3+), concentrated liquidity, and new L2-native DEXs compete heavily on capital efficiency and fee income. Bancor must demonstrate durable advantages.
    • Market risk: BNT is correlated with broader crypto cycles; drawdowns can be sharp. Liquidity conditions and governance decisions can materially affect performance.
    • Smart contract and governance risk: Bugs, exploits, or contentious proposals could impact user funds or protocol economics.
  • Due diligence checklist

    • Read recent Bancor governance proposals and forum discussions to understand current ILP policies, BNT emissions, and protocol-owned liquidity strategies.
    • Review audits and security disclosures for the latest contract versions.
    • Monitor TVL trends, fee revenues, and utilization on analytics dashboards.
    • Compare projected LP returns and risks against alternative AMMs.

Bottom line: Bancor remains an influential AMM with notable innovations. Whether it is a good investment depends on your confidence in its ability to balance LP protection with sustainable tokenomics amid intense competition. Always diversify and only allocate what you can afford to risk.

References for further research:

  • Bancor documentation and app
  • Bancor governance forum and proposals
  • On-chain analytics and TVL metrics on DeFiLlama
  • Market data on CoinGecko/CoinMarketCap
  • Independent security audits and disclosures

Discover the different ways to buy crypto in Turkey

Here are a few step-by-step beginner’s guides to help you make your first purchase.

Deposit

Drop some crypto or your local currency into your account.
This is the preferred method for those looking to diversify their assets.
1

Create an OKX TR account

Download the OKX TR mobile app and sign up using your email address or phone number.
2

Get verified

Complete identity verification to secure your account. You’ll just have to provide your ID, a selfie, and some personal information.
3

Fund your account

Tap on the Deposit button on the homepage and select your deposit method. Select your preferred deposit option, such as bank transfer.
4

Start a deposit

Follow the instructions to complete your Bancor deposit or bank transfer.
5

Confirm your deposit

If prompted, confirm your deposit on your bank’s associated mobile banking app.
6

Place a buy order

Tap the Buy and sell button on the homepage. Use the dropdown to select BNT, and enter your desired amount. Tap Preview to review your order, and tap on the Buy button to complete your purchase.
7

All done

We’ll notify you once your purchase is complete. That’s it. You own crypto.
1

Create an OKX TR account

Download the OKX TR mobile app and sign up using your email address or phone number.
2

Get verified

Complete identity verification to secure your account. You’ll just have to provide your ID, a selfie, and some personal information.
3

Start a trade

Tap the Buy button on the homepage. Use the dropdown to select BNT.
4

Enter an amount

Enter the amount of Bancor you’d like to purchase in your local fiat currency.
5

Choose your payment method

Tap on Payment method and select Card. Tap on Preview to view your purchase details. Then, tap the Buy button to complete your purchase.
6

Confirm your order

If prompted, confirm your purchase on your bank’s associated mobile banking app.
7

All done

We’ll notify you once your purchase is complete. That’s it. You own crypto.
1

Get the OKX TR app or Wallet extension

Download the OKX TR mobile app on your mobile device or install the OKX Wallet extension.
2

Set up your wallet

Go to the menu and find Web3 Wallet. Follow the instructions to create or import a wallet. Make sure to back up your seed phrase.
3

Fund your wallet

Deposit your crypto into your OKX Wallet to cover your crypto purchase and network fees. You can make a direct deposit through the Exchange or receive the tokens from another wallet.
4

Find your next purchase

You can search for your desired crypto, paste its contract address directly into the search bar, or find it on the Tokens page.

Note:
Tokens with the same symbol can exist on multiple networks or may be forged. Always double-check the contract address and blockchain to avoid interacting with the wrong tokens.
5

Trade your crypto on OKX DEX

You can either select the token you want to buy and start trading right away, or find the token in your preferred trading mode on our Trade page.

Choose the token you’re paying with (e.g., USDT, ETH, or BNB), enter your desired trading amount, and adjust slippage if needed. Then, confirm and authorize the transaction in your OKX Wallet.

Limit order (optional):
If you’d prefer to set a specific price for your crypto, you can place a limit order in Swap mode.

Enter the limit price and trading amount, then place your order.
6

Receive your crypto

Check your order status using the Explorer or on the History page. If your transaction is successful, you’ll receive your crypto in your wallet.
7

All done

You can now track and transfer your crypto, all in one place. That’s it. You own crypto.
Complete tasks, earn rewards, kick-start your crypto journey.
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Make informed decisions

Here are some things to look out for when deciding where to buy crypto.
Asset verification
Ensure your assets are protected at all times.
Make informed decisions
High liquidity
High trading volumes enhance liquidity on an exchange.
Transparency
Historical market data should be available to you at all times.
Security
Ensure the exchange has taken steps to keep your account safe.
Make informed decisions

How to get Bancor for free

Invite friends, earn rewards
See how you can get free Bancor when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Bancor grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Bancor airdropped to you when you join campaigns.

How to buy Bancor (BNT) FAQ

Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Bancor BNT safely on a trusted exchange like OKX TR.
Choose the best exchange to buy Bancor (BNT) depending on your individual needs. Factors to consider when picking the best place to buy Bancor (BNT) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX TR.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Bancor. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX TR, which offers the ability to buy and sell Bancor (BNT), as well as fiat withdrawal options.
This depends on the method you use to convert Bancor (BNT) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.

Disclaimer

This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.