A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and receive Funds.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Balancer (BAL) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Balancer (BAL) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can commence purchasing and trading. To buy Balancer (BAL) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Balancer (BAL), you'll need to put the short name of the asset (BAL) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “BAL/BTC” to advance.
Step 4 – Purchase (BAL) Balancer As soon as you've located (BAL) Balancer, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation (BAL) Balancer was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of BAL you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the complete volumen of BAL. When you're happy, make a mouse click on “Buy BAL”. Your plan will be filled as soon as a Vender sells their BAL for the price you submitted.
Step 5 – Withdraw Balancer (BAL) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time period. To withdraw your Balancer (BAL), hover over the tab called “Funds” and mouse click on “Withdraw”. Balancer (BAL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Balancer (BAL) by using the given drop-down box. Drop in the amount of Balancer (BAL) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.