A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Balancer (BAL) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Balancer (BAL) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase Balancer (BAL) on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”. To locate Balancer (BAL), you'll need to insert the short name of the asset (BAL) into the search box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this too. Click on “BAL/BTC” to proceed.
Step 4 – Purchase Balancer (BAL) After you've spotted Balancer (BAL), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Balancer (BAL) was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of BAL you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete volumen of BAL. If you are glad, click on “Buy BAL”. Your order will be filled as soon as a Vender trades their BAL for the price you offered.
Step 5 – Withdraw Balancer (BAL) Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. In order to take off your Balancer (BAL), go to the ”Funds” tab and click on “Withdraw”. Balancer (BAL) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Balancer (BAL) by using the given drop-down box. Drop in the quantity of Balancer (BAL) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.