Last update: Jun 6, 2022

How to Buy Balancer (BAL)

So you’re looking for a guide on how to buy Balancer. Depending on where you live, you’ll have various cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Balancer – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Balancer of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Balancer

Now that you have what you need to buy Balancer, head over to the market or buy section of the crypto trading platform and buy some BAL.

If the crypto exchange doesn’t have any Balancer on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Balancer first), and trade your Ethereum for Balancer.

Where to Buy Balancer (BAL)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Balancer

1. Sign into the crypto exchange where you bought Balancer.
2. Move your Balancer to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Balancer.

 

How to Buy Balancer (BAL) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Balancer in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Balancer if it’s available. If the exchange doesn’t have Balancer. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Balancer), and trade your ETH for Balancer.

Or, if you’d like to know more about which exchanges we prefer, read our list of the safest crypto exchanges in Australia.

How to Buy Balancer (BAL) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Balancer in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Balancer if it’s available. If the exchange doesn’t have Balancer. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Balancer), and trade your ETH for Balancer.

Alternatively, if you want to know more about the exchanges we like, check our list of the Canadian cryptocurrency exchanges.

How to Buy Balancer (BAL) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Balancer in the UK, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Balancer if it’s available. If the exchange doesn’t have Balancer. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Balancer), and trade your ETH for Balancer.

Alternatively, if you want to know more about which exchanges we recommend, look at our list of the cryptocurrency brokers in the UK.

Considering buying Balancer? BAL Rundown

Balancer, an automated market maker ( AMM), was launched in March 2020. It was built on Ethereum blockchain. Accomplice and Placeholder raised a seed round of $3M. Balancer protocol acts as a self-balancing weighted Portfolio, price sensor, and liquidity provider. Users can make profits by using its newly introduced token ($BAL), and contributing to customizable liquidity pool.

In that anyone can create token pools, Balancer is similar Uniswap or Curve. The pool automatically adjusts to ensure that tokens are equally weighted, regardless of price changes. One unique feature is that more than one token may be added, and ETH is not required.

While Balancer is not the first DeFi protocol that makes use of AMMs it brings a fresh approach to liquidity. Uniquely, the protocol allows liquidity providers to have up eight assets per market that are weighted according to percentage and automatically rebalanced.

Users don't need to deposit 50% of their desired asset with Balancer. They can choose how much they want to deposit in supported assets. Balancer Lab's unique feature is the ability to make high returns on assets in low demand by arbitrage opportunities or slippage-reduction.

Related:

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