The 5 Best Ways To Buy Balancer (BAL) In 2022

What Are The Best Ways To Buy Balancer (BAL) In 2022?

Last Updated March 24th 2022
14 Min Read

Balancer took automated market-making (AMM) to new high highs when it was launched on the Ethereum blockchain in March 2020. In this article, Trading Education shares our top 5 best ways to buy Balancer (BAL) in 2022. Throughout the entirety of this material, you will learn more about the best cryptocurrency exchanges to buy Balancer by considering numerous essential factors.

Balancer protocol is a core building block of decentralized finance infrastructure. It is a unique financial primitive and permissionless development platform that allows users to earn profits through its native asset BAL by contributing to customizable liquidity pools.

Due to the numerous opportunities available in automated market-making (AMM), Balancer, Uniswap, and others continue to see huge patronage. 

Once a protocol sees huge user activity, the automatic effect is the buying of its novel token. 

In Balancer’s case, its cryptocurrency BAL continues to see huge liquidity daily. As of Jan. 1, 2022, BAL has recorded at least $9 million in daily trading volume. Due to the 29% plunge in the valuation of BAL buoyed by negative crypto market sentiment in 2022, many traders and investors have been considering the token as an asset with huge long-term potential. 

Therefore, it is not surprising to see millions of traders asking questions about the potential of the token based on the possibilities of the Balancer Protocol. 

Two of the questions you should find answers to are, where can I buy Balancer (BAL) and how to buy it

Once you answer these questions, you will realize that when it comes to finding the best ways to buy Balancer, few cryptocurrency exchanges are of top quality. 

By following this resourceful material to the end, you will also get to know that your geographical location and preferences play a great role in knowing the best places to buy Balancer.

 TABLE OF CONTENTS:

Best 5 Exchanges To Buy Balancer (BAL)

Skimming through search engines to find the best ways to buy Balancer is an arduous task. This is why Trading Education Research embarked on a journey towards finding the best places to buy BAL coin based on certain factors. 

In all, our analysts and experts found out that there are approximately 47 exchanges that support the trading of Balancer. After embarking on a one-on-one study of each of the exchanges, our researchers observed several issues that most traders ignore when investing in Balancer and other digital assets. 

Some of these issues were related to security, customer service, limits, payment methods, geographical restrictions, fees, reputation, regulation, limits, and insurance among others.

Trading Education will like you to know that essential factors you should always consider when risking your hard-earned money include reputation, geographical restriction, payment methods, security, regulation, and limits. 

Once an exchange provides these, you should know that you have one of the best ways to buy Balancer. 

The following are the best exchanges to buy Balancer that has been recommended to millions of our readers. Most of the exchanges have also been used extensively by most of our personnel. And the winners are eToro, Coinbase Pro, OKX, Binance, and other Honorable Mentions. 

1. eToro  

As one of the oldest exchanges in the centralized and decentralized finance space, eToro was launched in 2007. 

After 7 years of supporting the trading of stocks and other assets, eToro added support for digital assets in 2014. In 15 years, the multi-asset exchange has operated without any incidents related to scams or hacks. In addition to this, eToro supports more than 100 countries, and serves more than 23 million users, as of June 2021.

As one of the highly liquid exchanges in the space today, eToro records high volumes daily. With such a great reputation and support of several geographical areas, it is not surprising to find millions of people that want to trade digital assets via their platform. 

Across Google, Yahoo and other search engines, some of the trending questions include is Balancer (BAL) on eToro, can I buy Balancer (BAL) on eToro, does eToro add support for Balancer (BAL), how do I buy Balancer (BAL) on eToro, and when did eToro add support for Balancer (BAL)

Yes! eToro supports the trading of Balancer and announced this on March 1, 2022. To those that ask the question, how do I buy Balancer on eToro, follow the steps below? 

  • Firstly, sign up for an eToro account with your full legal name, provable residential address, active phone number, and active email address.
  • Secondly, go through a smooth verification process where you provide government-issued identification cards that have your full legal name, and signature. More often than not, you will be asked to provide a bank or credit card statement to prove your address.
  • Thirdly, you must deposit fiat in the form of USD, EUR, or GBP, and this can be done through several payment methods.
  • Finally, navigate to the Balancer (BAL) page, and order any amount of BAL coins. They will be processed and added to your portfolio. 

Before you invest in Balancer, it would be in your interest to know the pros and cons of eToro. 

Pros:

✅ Has one of the lowest trading fees in the space today. 

✅ Can be accessed via the World Wide Web and applications can be downloaded through Google Play and Apple Store. 

✅ Payment Methods supported allows users to deposit without any fees. 

✅ Supports many payment methods such as bank transfers, bank cards (VISA, MasterCard, and Maestro), PayPal, Skrill, and co. 

✅ Highly regulated exchange with offices in the United States and the United Kingdom. 

✅ Demo account with $10,000 in virtual funds to help beginners learn about trading. 

✅ Has one of the best security encryptions that protects your custodial account. 

✅ Copy-trading allows novices to copy and follow the trading patterns of highly experienced traders. 

✅ Growing cryptocurrency support (55 coins are supported as of March 2022). 

Cons:

Customer service is not the best. 

Does not support direct crypto deposits. 

Does not support crypto-to-crypto markets. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Binance 

By far, this cryptocurrency exchange is the largest platform by trading volume. Launched in 2017, Binance is part of the Binance ecosystem and serves 28.6 million users, as of October 2021. 

In the updated report by Statista that tracks the biggest cryptocurrency exchanges based on 24-hour volume, Binance retained its position as the number one platform with the most liquidity. 

On that day, Binance recorded more than $13 billion. Although the exchange continues to be mired by regulatory problems in the United Kingdom and Canada, Binance is still the most used cryptocurrency exchange globally. 

Serving more than 180 countries, it is not surprising to find millions in search results about the exchange in 2022. 

Binance supports the trading of Balancer and announced this on 6th August 2020. What’s more, Binance is the top market for the trading of Balancer. 

Before you zoom into investing in Balancer, you should get to know more about the pros and cons of Binance. 

Pros:

✅ Accessible (Binance app can be accessed via Apple and Google Play Store. Exchange can also be accessed on the World Wide Web). 

✅ Regulated (Possesses the necessary licenses of operation in several jurisdictions). 

✅ Provides some form of anonymity for basic account holders. 

✅ Beginners can thrive in the Binance communities. 

✅ Highly secured (your holdings are protected by the latest security encryptions). 

✅ Periodical reports are provided to help traders stay in touch with new developments in the crypto finance space. 

✅ Supports 318 cryptocurrencies (as of Tuesday, March 22, 2022). 

✅ Supports 1,248 markets (as of Tuesday, March 22, 2022). 

✅ High-Speed Exchange (processes millions of orders daily). 

✅ Staking helps users earn decent annual percentage yields. 

✅ Many payment methods are supported. 

✅ Has one of the lowest trading fees in the exchange space. 

Cons:

Complexities of the platform (not beginner-friendly). 

Complex verification system. 

Faces regulatory problems now and then. 

There are limitations to the Binance version in the United States. 

Does NOT support Skrill, PayPal, and co. as payment methods. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. OKX 

As one of the biggest cryptocurrency exchanges by daily volume, OKX, like Binance, was launched in 2017 to serve the growing needs of the crypto public. OKX aims to provide a safe, reliable, and stable environment for the trading of digital assets. 

As of March 2022, there are 20 million users on OKX with many countries supported. 

OKX is a rebrand of OKEX which was mired in some hacking incidents in previous years. This is the primary reason why millions question whether OKX provides the same services as OKEX. 

You can buy BAL on OKX because the exchange supports the token for trading. 

This was announced in July 2020. OKX is the second-largest exchange for the trading of BAL. As of writing, the trading volume of BAL on OKX was more than $1.5 million. 

Let us analyze the pros and cons of OKX. 

Pros: 

✅ Supports 274 cryptocurrencies (as of Tuesday, March 22, 2022). 

✅ Supports 441 markets (as of Tuesday, March 22, 2022). 

✅ Highly liquid exchange with more than $3 billion in daily volume. 

✅ Regulated (ensure Know Your Customer is strictly adhered to). 

✅ Secured with bank-level SSL encryption and cold storage. 

✅ Great customer service. 

✅ Well-established exchange. 

✅ Three-way accessibility (World Wide Web, Google Play, and Apple Store). 

✅ Several payment methods. 

✅ Staking is available to help you earn decent annual percentage yields. 

Cons:

NO demo accounts. 

Cannot be accessed by residents of the U.S. 

Cannot do much without passing 1st level of KYC. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Coinbase PRO 

Formerly known as GDAX, Coinbase PRO was launched in 2015. 

As one of the most popular cryptocurrency exchanges globally, Coinbase PRO is among the largest exchanges by volume. 

It’s the largest cryptocurrency exchange by volume in the United States. This is the primary reason why as of March 2022, the exchange boasts of more than 73 million registered and verified users in more than 100 countries. 

This is why the platform is talked about in the same breath as Binance, eToro, and OKX. Because of the extensive mileage it has through its reputation, Coinbase PRO is one of the exchanges that introduces novices to cryptocurrency investing. 

Coinbase allows the trading of BAL and announced this on October 6, 2020. 

Coinbase PRO is the third-largest exchange for BAL and as of writing, the trading volume of BAL on the exchange topped $600,000. 

Let us assess the pros and cons of Coinbase 

Pros:

✅ Supports 127 cryptocurrencies (as of Tuesday, March 22, 2022). 

✅ Supports 386 markets (as of Tuesday, March 22, 2022).

✅ Highly insured platform. 

✅ Highly secured exchange. 

✅ Can be accessed by residents in all states in the U.S. 

✅ Highly regulated exchange. 

✅ User-friendly application. 

✅ Many payment methods (bank transfer, bank cards, and PayPal among others). 

✅ Relatively low trading fees. 

✅ Accessible via the World Wide Web and Apple and Google Play Stores. 

✅ Provides customer support. 

Cons:

Customer support could do with improvement. 

Supports a small number of cryptocurrencies. 

5. Honourable Mentions 

Aside from the aforementioned best ways to buy Balancer, there are other exchanges to buy BAL in 2022 and beyond. 

Some of the best places to buy BAL are BitGlobal, DigiFinex, Gate.io, Bithumb, Kucoin, Kraken, Bitfinex, WazirX, Gemini, Crypto.com, Bitvavo, FTX, BitMart, BTSE, Nami, HitBTC, Poloniex, BKEX, BTSE, AEX, Bitrue, CoinTiger, and CoinJar among others.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Introduction To the Crypto World Of Balancer 

Balancer is a protocol that is part of the more than 18,000 crypto projects in the market today. 

There is a huge chance that there will be more than 20,000 cryptos by the end of 2022. 

Because Balancer was built on the Ethereum Network and Ethereum has the largest ecosystem in the entire crypto finance space, the protocol comes into contact with several areas of the space. 

Among others, Balancer comes into contact with cryptocurrencies, stablecoins, exchanges, decentralized finance, decentralized applications, decentralized cloud storage, decentralized oracle networks, crypto wallets, and non-fungible tokens

Although you come across some of these terminologies and others daily, you may not know what they entail. Here are important things you should know about Balancer. 

  • Balancer operates as an automated market maker (AMM) and this is mostly found in the decentralized exchange (DEX) space. Aside from Balancer, there are others such as Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), and others. Exchanges are independent platforms created to facilitate the exchange of fiat to crypto and crypto for other digital tokens. 
  • Balancer runs on the blockchain technology of Ethereum. Blockchain technology enables the creation, distribution, storage, and trading of BAL. If Balancer was a train, imagine blockchain as the railway that allows BAL to move from one person to the other. 
  • BAL has the attribute of divisibility that makes cryptocurrencies valuable. BAL can be divided into 8 decimal points (1.00000000). For $10.35, if you are unable to buy a whole coin, and can purchase $5 of BAL, you can get approximately 0.48309178 BAL. 
  • Crypto wallets that support the storing of BAL such as MyEtherWallet, Atomic Wallet, TrustWallet, Ledger, and Trezor are software and hardware created purposely to facilitate access to the Ethereum Network and the Balancer Protocol. They assist in the transferring and storing of BAL securely and safely. 

In your quest to invest in BAL, you will be coming across several terms as you learn more about the best ways to buy BAL. 

Do not forget to answer where you can buy BAL and how to buy BAL. 

Failure to do this can see you face geographical restrictions, limits, and customer support problems.

Don't Miss: Balancer (BAL) Price Prediction

Payment Methods For Buying Balancer (BAL)

  • Cash: This is the only method that will allow you to buy Balancer without revealing your identity. 
  • PayPal: Per many analysts and experts, this is one of the best ways to buy BAL due to $0 in depositing and withdrawal fees.
  • Bank: Per many analysts and experts, this is one of the best ways to buy BAL due to the extensive background checks involved. You can buy more BAL tokens using this method.
  • Debit/Credit Cards: Per many analysts and experts, this is one of the fastest and easiest ways of buying Balancer. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Cheapest Place To Buy Balancer (BAL) 

eToro is the cheapest place to buy Balancer on our list because you can deposit without any fees. Therefore, you can buy the total worth of the amount of money deposited.

The Safest Way To Buy Balancer (BAL)

The safest ways to buy Balancer are eToro, Binance, Coinbase PRO, and OKX because they are all regulated and have the necessary encryptions to protect your custodial account.  

The Easiest Ways To Buy Balancer (BAL)

eToro is the easiest way to buy Balancer if you have an active debit or credit card. 

The Fastest Way To Buy Balancer (BAL) 

The fastest ways to buy Balancer are to find exchanges that are highly accessible, especially on smartphones. Since eToro, OKX, Coinbase PRO, and Binance can be accessed via Google Play and Apple stores, they are the fastest exchanges to buy Balancer. 

How Do I Buy Balancer (BAL) Near Me?

You can only buy Balancer near you if you are a fully verified customer of the aforementioned exchanges. Through that, you can buy BAL near you through applications on your smartphone.   

Check Out: The Top 15 Cryptocurrencies To Buy In 2022

Best Ways To Buy Balancer (BAL) Anonymously

The best way to buy Balancer anonymously in 2022 is to join an investing pool. It is not impossible but it will be difficult to find any exchange whether centralized or decentralized that will help you buy Balancer without revealing any aspects of your identity.  

Best Places To Buy Balancer (BAL) with Debit/Credit Card

The best places to buy Balancer with a debit or credit card are on exchanges that support them as a payment method. Since eToro, Binance, and Coinbase support debit and credit cards, they are the best places to buy Balancer.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Best Ways To Buy Balancer (BAL) With PayPal 

The best ways to buy Balancer with PayPal are to find exchanges that support PayPal as a payment method. Since eToro and Coinbase PRO support PayPal, they are the best ways to deposit funds through PayPal. 

Best Ways To Buy Balancer (BAL) With Your Bank Account 

eToro and Coinbase are the best ways to buy Balancer with your bank account. 

See You On The Other Side!

There you have it, Trading Education has given you a comprehensive review about the best places to buy Balancer in 2022 and beyond. 

The only way you can learn more about Balancer and other areas of the space is to take a stake in BAL. The crypto trading asset has worked for several investors and may work for you as well. 

eToro — Top Cryptocurrency Platform To Buy Balancer

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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