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Bancor Governance wallet

The most secure hardware wallet for your Bancor Governance

Store your Bancor Governance confidently. Join a large user base trusting Tangem for secure, self-custodial solutions.

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How to secure your Bancor Governance with Tangem?

When you buy or hold Bancor Governance in Tangem, it secures your private keys in many ways:

How to get a Bancor Governance Crypto Wallet?

Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.

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Firstly

Get the Tangem Wallet.

Take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.

Then

Sync Tangem Wallet with our App.

During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose Bancor Governance wallet with Tangem.

Privacy

No registration and KYC required to use the app. We don't track your data.

Security

Your private keys are encrypted and never leave your device. Only you have control over your funds.

Convenient designs

Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.

24/7 Customer care

Fast support for your needs. Live chat and email support for customers from all over the globe.

What is Bancor Governance (VBNT)?

vBNT, the governance token of the Bancor network, is acquired by staking Bancor Network Tokens (BNT) in approved liquidity pools. This token not only represents a stake in the pool, much like a Liquidity Provider (LP) token, but it also empowers the holder with voting rights within Bancor’s governance framework.

What is a VBNT wallet?

A VBNT wallet safeguards the private keys essential for managing your VBNT address. Importantly, it does not store the VBNT itself; the cryptocurrency exists on the blockchain. The main role of a VBNT wallet is to generate and secure these private keys, facilitating access to and management of your VBNT holdings. Essentially, a VBNT wallet is a tool for storing, sending, receiving, and managing VBNT assets.

How does a VBNT wallet work?

VBNT wallets operate using pairs of public and private keys to manage blockchain accounts. The private key is crucial for securing access to a particular VBNT account and should be kept confidential. The public key can be freely shared to receive VBNT. To withdraw your assets, the corresponding private key is required. Tangem Wallet generates and secures these keys within its chip-based system.

What are the types of VBNT wallets?

  • Exchange VBNT Wallets:
    Platforms like Coinbase, Binance, and Kraken offer custodial wallets for buying VBNT with fiat currencies. However, these central exchanges present risks such as potential access denial.

  • Software VBNT Wallets:
    These are applications installed on devices to manage private keys and VBNT. While user-friendly, they are susceptible to malware and online threats. Variants include mobile, desktop, and web-based wallets.

  • Mobile VBNT Wallets:
    Applications that facilitate the management of VBNT on smartphones.

  • Desktop VBNT Wallets:
    Installed on personal computers, these wallets save private keys on local storage.

  • Hardware VBNT Wallets:
    Offer safe offline storage, like Tangem, protecting against online vulnerabilities.

How to Choose the Best VBNT Wallet

The ideal wallet is subjective and should align with your preferences, focusing on usability, reliability, and security. To protect against online threats and ensure the safety of substantial amounts, a hardware wallet such as Tangem is advised.

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Bancor Governance FAQ

  • You can buy Bancor Governance on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
  • For long-term storage of Bancor Governance, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
  • Transfer fees for Bancor Governance depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
  • To create a wallet for Bancor Governance, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
  • Bancor isa blockchain protocol that allows users to convert different virtual currency tokens directly and instantly instead of exchanging them on cryptocurrency exchanges like Coinbase. BNT is the Bancor Network Token, which is the primary token used within the Bancor network.
  • The founders of Bancor areEyal Herzog, Guy Benartzi, and Galia Benartzi, visionaries in the blockchain industry.

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