Bounty Hunters need BNTY tokens to reduce platform fees and unlock more monthly disputes. Also, Bounty Sheriffs need BNTY to review submissions made by Bounty Hunters.
Hence, if you are new to Bounty0x, you might want to buy some BNTY to get access to these additional platform features.
To make the process as easy as possible for you, here is a step-by-step guide on how to buy BNTY on Kucoin.
1. Create an account on Kucoin
First of all, you need to create an account on Kucoin. All you need is an email address as identity verification is not required by this exchange.
2. Deposit BTC or ETH
After you created your Kucoin account and verified the email that you linked to it, the next step is to deposit some Bitcoin or Ether on the exchange.
You can do so in the "accounts" or "deposits" section of Kucoin.
If you don't have any Bitcoin or Ether yet, then you need to buy some first. One of the easiest ways to buy Bitcoin or Ether is Coinbase.
3. Use the BTC or ETH to buy BNTY
After your Bitcoin or Ether deposit arrived, look for the BNTY/BTC market or the BNTY/ETH market. Now, simply place a buy order for your desired amount of BNTY.
4. Create a MetaMask Ehereum Wallet
After your buy order got filled and you have the BNTY, it's time to create a MetaMask wallet.
MetaMask enables you to safely store Ethereum and hundreds of ERC-20 tokens like BNTY.
Setting up a MetaMask wallet is simple and won't take you more than 2 min.
5. Withdraw your BNTY to the MetaMask wallet
After your MetaMask wallet is set-up and you stored your recovery phrase somewhere safe, you now have to send your BNTY from Kucoin to the MetaMask wallet.
Note: it may take up to 1 hour for Kucoin to process your withdrawal.
6. Log into your Bounty0x account and stake!
Finally, as soon as your BNTY Tokens arrive in your MetaMask wallet, simply go to your Bounty0x account, connect MetaMask to the platform, and that's it!