Introduction

Waves allow you to hold and transfer Bancor on its blockchain. This works through a so-called Multigateway approach: Bancors are sent to a user's deposit address available in the Waves wallet and after the deposit the user receives a Bancor token (wBNT) issued in the Waves blockchain. Every single Bancor token is backed 1:1 with the real Bancor.

Read more about What is a payment gateway?

How to receive Bancor

Open your Waves wallet. In the Bancor section click on the Receive button.

The following window will appear. Before proceeding please carefully read the conditions:

Please do not deposit BNT from smart contracts! Do not deposit other ERC20 tokens! Only Bancor is allowed.

Check if your wallet or exchange uses smart-contracts to withdraw Bancor. We do not accept such transactions and can’t refund them. You will lose that money.

The minimum amount of deposit is 2 Bancor, the maximum amount of deposit is 100 000 Bancor

If you will send less than 2 Bancor, you will lose that money.

Copy the shown Bancor address or Scan QR Code and send a payment.

Note: Processing may take up to 120 minutes.

How to send Bancor

Open your Waves wallet,
In the Bancor section, click on the Send button.

The following pop-up will appear.
Paste the Bancor address you want to send to as well as the amount of Bancor.
Please note that the gateway charges 0.4 BNT for the gateway fee as well as 0.001 Waves for the network fee. Before proceeding please carefully read the conditions.

After you have filled the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat the process.

Note: Processing may take up to 120 minutes.

How to transfer Bancor to another Waves account

You can send Bancors directly to another Waves account. Just use the recipient Waves address, click on the Send and fill-in the sending form.

Note. The network fee is only 0.001 Waves (no gateway fee)

After you have completed the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Send or Back to repeat the process.

How to use sponsored fee

Waves users can also use a sponsored fee to pay for outgoing transfers. Check your Portfolio, if you see a token with % icon. So it means you can change the default Waves fee to another sponsored token.

So how to do it? Just create an outgoing transfer described above and click on the WAVES under Transaction Fee. Choose an available sponsored token and click on the Continue button.


See more articles in the Transfers and Gateways chapter.

If you have troubles with our platform, please create a support ticket or write a question on our forum.

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