Bancor Network wallet
The most secure hardware wallet for your Bancor Network
Safeguard your Bancor Network with Tangem. Experience the peace of mind that thousands of users trust worldwide.
How to secure your Bancor Network with Tangem?
When you buy or hold Bancor Network in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Bancor Network 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.
Get TangemWhy choose Bancor Network 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 Network (BNT)?
Bancor Network is an ecosystem composed of decentralized, open-source protocols designed to enhance on-chain trading and liquidity. At the heart of this ecosystem is "Carbon," a decentralized trading protocol enabling users to deploy automated trading strategies through custom on-chain limit and range orders. Additionally, "Fast Lane," another open-source arbitrage protocol within the network, empowers users to conduct arbitrage across Bancor's protocols and other on-chain exchanges.
What is a Bancor Network wallet?
A Bancor Network wallet is a tool for managing private keys specific to your Bancor Network address. It doesn't store Bancor tokens themselves but provides the means to access them on the blockchain. By generating and saving these private keys, a Bancor Network wallet allows you to send, receive, and control your BNT holdings efficiently.
How does a Bancor Network wallet work?
Bancor Network wallets handle blockchain accounts using pairs of public and private keys. The private key is crucial for accessing a specific Bancor Network account, so it must be kept secure. Conversely, the public key can be shared with others to receive BNT tokens. To authorize transactions, the private key is required. With Tangem Wallet, these private keys are securely stored in its chip.
What are the types of Bancor Network wallets?
Exchange Bancor Network Wallets:
Centralized platforms like Coinbase, Binance, and Kraken allow you to buy BNT with traditional currency, utilizing custodial wallets. However, they come with risks such as restricted account access.Software Bancor Network Wallets:
These applications are installed on your devices, enabling private key management for your BNT. While convenient, they are vulnerable to online threats and include types like mobile, desktop, and browser wallets.Mobile Bancor Network Wallets:
Applications designed for managing your BNT right from your smartphone.Desktop Bancor Network Wallets:
Installed on computers, storing your private keys on the device's hard drive or SSD.Hardware Bancor Network Wallets:
Provide offline storage for BNT private keys, like Tangem Wallet, offering enhanced security against cyber threats.
How to Choose the Best Bancor Network Wallet
Choosing a wallet depends on personal preferences, focusing on ease of use, security, and durability. For those aiming to securely store large volumes of BNT offline, a hardware wallet such as Tangem Wallet is a superior option.
Bancor Network BNT
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See all supported cryptosBancor Network FAQ
- You can buy Bancor Network 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 Network, 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 Network 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 Network, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- Galia Benartziis the co-founder of Bancor, the world's first open-source protocol ensuring on-chain liquidity between any blockchain-based asset, inventor of the Automated Market Maker, now a building block of Decentralized Finance (DeFi).
- Cryptocurrency, sometimes calledcrypto-currencyor crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.
- 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.
- Bancor (BNT) is a cryptocurrency linked to the Bancor network—a decentralized exchange and blockchain protocol that allows users to trade cryptocurrencies without relying on centralized exchanges or the need for user accounts.
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