How to Buy Balancer (BAL)

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).

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Balancer (BAL) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Balancer (BAL)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can launch purchasing and trading. To buy Balancer (BAL) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To discover Balancer (BAL), you'll need to insert the short name of the asset (BAL) into the search box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've marked this also. Click on “BAL/BTC” to proceed.

Binance Hot To Buy Balancer (BAL)
Binance How to Buy (BAL) Balancer
Step 4 – Purchasing Balancer (BAL)

As soon as you've discovered Balancer (BAL), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most latest price Balancer (BAL) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of BAL you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of BAL.

When you are happy, make a mouse click on “Buy BAL”. Your order will be filled when a Vender sells their BAL for the price you submitted.

Step 5 – Withdraw Balancer (BAL)

Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. To take off your Balancer (BAL), hover over the ”Funds” tab and click on “Withdraw”. Balancer (BAL) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Balancer (BAL) by using the given drop-down box. Put into the quantity of Balancer (BAL) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored Balancer (BAL).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BAL) Balancer is stored within your wallet, you are all done.

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