A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your welcome $10.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Balancer (BAL) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (BAL) Balancer As soon as your deposit has been affirmed, you will directly have access to your finances and you can begin buying and trading. To purchase (BAL) Balancer on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find (BAL) Balancer, you will need to put the cointype (BAL) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “BAL/BTC” to advance.
Step 4 – Buying (BAL) Balancer As soon as you've spotted (BAL) Balancer, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our Limit Order. The field with the “Price” tag will be filled with the most latest rate (BAL) Balancer was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BAL you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete volumen of BAL. When you are satisfied, click on “Buy BAL”. Your order will be filled as soon as a Vender sells their BAL for the price you gave.
Step 5 – Withdraw Balancer (BAL) Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. To take off your Balancer (BAL), go to the tab called “Funds” and click on “Withdraw”. Balancer (BAL) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Balancer (BAL) by using the given drop-down box. Enter the amount of Balancer (BAL) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You may be requested for verfication via phone/email before a take off.