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Bancor is a cryptocurrency similar to Bitcoin in that it is based on a blockchain, but Bancor does have some differences. Bancor has what are called Bancor Network Tokens or what might be referred to as Smart Tokens. They are contract-based tokens created by Bancor that store the balances of other tokens or connectors.
Bancor is still a blockchain that stores a record of transactions on a database or ledger and that means no central authority is in control and transactions are anonymous. The advantage that Bancor might have in the future is that it can be used with other cryptocurrencies. In a sense, Bancor eliminates the need for a middleman in cryptocurrency trading.
Bancor can be purchased like other cryptocurrencies where users buy and sell using an exchange. Bancor can also be bought directly from the company which is another difference from many other cryptocurrencies.It can also be used as Bitcoin Sports Betting
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How do I buy Bancor?
You can buy Bancor by using one of the currency exchanges such as Kraken or Bitfinex. These exchanges allow you to use a credit or debit card or bank transfer to buy Bancor. You can then send Bancor to your sportsbook account and you can withdraw Bancor from your sportsbook account to your digital wallet.
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