Balancer is an Ethereum-based Defi project that is also behind its own native token – BAL. During its launch in June 2020, Balancer tokens traded at $15.20. Two months after the launch, the token price peaked at $37.01. Since then, the protocol has continued to grow in value.
If you’re wondering how to buy Balancer in a straightforward and cost-effective way, this guide will walk you through the process step-by-step.
A straightforward way to buy Balancer is through commission-free broker Capital.com. There’s no need for wallets as you won’t own or store the token on the platform. On the contrary, the CFD instrument will track the price of Balancer second by second.
Simply follow the quickfire walkthrough below to buy Balancer without paying any commission!
You can cash out your BAL trade by placing a sell order at any time. When you do, the proceeds will be added to your Capital.com account. You can then use the money to trade other DeFi coins or make a withdrawal!
Your capital is at risk – 67.7% of retail investor accounts lose money when trading CFDs with this provider.
If this is your first time buying a DeFi coin like Balancer online – the process is actually very simple.
If you need a more detailed tutorial, follow the walkthrough below to learn how to buy Balancer without paying any transaction fees or trading commission.
You will initially need to open a cryptocurrency trading account with a top-rated brokerage site. Once again, we think that Capital.com is the best option on the table here, not least because it offers 0% commission and the provider is heavily regulated.
So, head over to the Capital.com homepage and click on “Trade Now. You will then need to provide your basic personal information and contact details.
Now that you’ve opened an account, Capital.com will ask you to upload a couple of verification documents.
So, to complete the KYC process, simply upload a copy of your passport or driver’s license. Furthermore, you will need to provide proof of residency.
The document to verify your address may be a bank statement, utility bill, or credit card statement. Once all the documents are uploaded, the broker will verify them almost immediately.
Capital.com allows you to add money into your account with ease. There’s no charge for depositing and withdrawing funds, and you have the following payment methods at your disposal.
Now that you have money in your brokerage account, you can enter “BAL/USD” into the search box and proceed to click the pop-up result. This means that you will be trading Balancer against the US dollar.
After clicking the result, click on the ‘Buy’ button. This illustrates that you think the price of Balancer will rise against USD. You need to enter the staked amount and then confirm the position.
After you have confirmed the order, Capital.com will execute it instantaneously. Capital.com chooses the best price while placing your order.
If you wish, you can also specify the price that you want your buy order to be executed. This is useful if you have a target entry price in mind. Simply set up a limit order at Capital.com alongside the price you wish to make the purchase. Once the market triggers your desired price, the limit order will be executed.
It’s easy to cash out your BAL tokens whenever you want. Simply place a sell order, and Capital.com will execute it instantly and close the trade on your BAL CFDs. By doing this, your amount will be automatically added to your cash balance. Once your cash balance is updated, you can withdraw the cash whenever you please.
To recap, as you are buying CFD instruments as opposed to actual BAL tokens, you can leave the trade open for as long as you wish without needing to worry about external hacks or private keys. This is particularly advantageous to newbies.
Balancer is an automated market maker (AMM). This means that the platform is able to collect and provide liquidity, price sensor services, and self-balancing weighted portfolios. The BAL token is available on major exchanges and brokerages. But tread cautiously when buying Balancer because many of the platforms where the token is listed are not regulated.
By using a platform is not regulated – your money is at risk of theft. After all, such platforms are prone to external hacking, and therefore, a security breach would likely lead to your BAL tokens being stolen.
This is why we always suggested using a trusted and regulated crypto platform like Capital.com, where you can safely buy Balancer without needing to pay any commission.
Below, we discuss the reason for choosing Capital.com as the best broker to buy and sell DeFi coins like Balancer.
Capital.com is a trusted online brokerage where you can access Balancer and other digital instruments. The platform is secured, which can be attributed to the strict regulation of two reputable financial agencies-the FCA in the UK and CySEC in Cyprus. The brokerage site enables you to trade Balancer through CFDs.
There’ll be no need to search for a wallet or to face the hassles of safeguarding your wallet’s private keys and other associated security risks. The only requirement on Capital.com is to place your Balancer buy order. Once you complete the process, the broker executes it instantly. When initiating any Balancer CFDs trades, you can also choose a “short” position. In doing so, your sell order automatically positions you for a profit if the token’s value goes down.
You can also buy Balancer CFDs with leverage. This is one of the many benefits of using the platform. Leverage limits will vary depending on where you live – for example, those in Australia are capped to 2x. But, those based in other regions might get significantly more. Another benefit for Capital.com users is that the broker is a “spread only” operator and thereby charges zero commissions for buy or sell orders on Balancer.
When it comes to deposits and withdrawals – this top-rated brokerage site offers plenty of convenient options. This includes debit cards, Webmoney, Sofort, bank transfers, credit cards, ApplePay, and more. The broker doesn’t charge anything when making a deposit, which is commendable. You can also trade CFDs in other forms such as ETFs, Energies, Stocks, Indices, and Precious metals.
Your capital is at risk - 67.7% of retail investor accounts lose money when trading CFDs with this provider.
Balancer is just one out of many Defi tokens in the crypto market. Before investing in the asset, it's best to research deeply about the project.
If you’re unsure of its viability as an investment option, consider the factors below to aid your decision to buy Balancer or not.
The DeFi sector is becoming very prominent, especially for the decentralized exchanges (DEX) that facilitate digital currency transactions without the interference of intermediaries. Balancer is a reputable and dominant player in the decentralized finance space.
It is rated as the 10th largest protocol with more than $2.5 billion Total Value Locked. It has become one of the leading automated market maker protocols in the market. As the DeFi space continues to grow, the value of AMMs like Balancer will likely continue to increase, and this is a good thing for the native token BAL.
Holders of the token can make capital gains on their investments should its value rise. Moreover, adding tokens to Balancer’s liquidity pool positions a user to make more profits as dividends.
Due to the growing popularity and adoption of DeFi, more and more tokens are surging every day. Some DeFi coins like WBTC have since traded above $34,000 and YFI in excess of $31,000. It is now difficult to invest in those top-ranking coins without digging a large hole in your bank balance.
In the case of BAL tokens, however, the digital asset is currently trading at just $16.92 each. This is a great way to build a large portfolio of digital currencies with a small amount of cash. With just $200, you can buy up to 11.820330969 BAL tokens.
Balancer has had its fair share of price volatility in recent times. But the price history of its token is very encouraging. The token has previously soared above $70. It also plummeted but recovered quickly and has gained over 181% since then.
This implies an imminent growth for the Balancer token as it continues to gain. Also, some commentators expect the price to increase following the launch of the Balancer V2 that promises lower gas fees for traders in the DeFi space.
It’s not easy to get the perfect price prediction for the Balancer token, given the volatility that characterizes the crypto market. But it is safe to say that the AMM has the potential for more adoption due to its mode of operation, services, and promises.
More so, the launch of Balancer V2 promises lower gas fees for traders. This could be a driving force to encourage more traders to transact on the exchange. According to some crypto analysts, Balancer will possibly increase in the long term.
Some predictions position the token at $221.36 in 2026. With a five-year investment plan, this would work out to gains of over 1200%. Of course, there is no guarantee that Balancer price predictions like this will ever come to fruition.
If you’re planning to buy Balancer from an exchange and hold it for a long time to leverage price increase, you need to get a wallet for your tokens. But your choice must be a safe and reliable crypto wallet that cybercriminals cannot compromise.
More importantly, you should avoid keeping Balancer tokens in a web wallet offered by an unregulated exchange. Such action could expose your tokens to online thieves.
To help out with this decision, we present the best Balance wallets for storing your tokens.
Hardware wallets are popular for high levels of security. The Ledger Nano wallet is widely recommended in the crypto space. Ledger Nano supports more than 1,250 cryptocurrencies, including BAL.
You can store many tokens on this wallet, and it is also compatible with many devices such as smartphones, desktops, and laptops. Ledger Nano is designed to be portable to enable ease of use.
Trezor wallet is another popular hardware wallet to store your Balancer tokens. It supports all ERC-20 tokens plus many other cryptocurrencies you can think to buy.
The wallet is secure, easy to use, and offers a physical device where you can store your private keys. You can also recover your funds through a mnemonic seed phrase if the wallet is damaged, compromised, or lost.
If you're a first-timer in the crypto investment space, the Atomic wallet is the right option to store your Balancer tokens. It is simple to use through operating systems like iOS, Linux, Android, etc. The wallet supports all ERC-20 tokens, BEP2 tokens, and more than 300 cryptocurrencies in the market.
The Atomic wallet supports crypto swaps through its exchange known as "Atomic Swaps." Users can exchange their tokens for other supported assets, including Balancer.
Note: Always bear in mind that trading Balancer on Capital.com eliminates the need for a crypto wallet. The asset doesn’t exist on the platform; meaning you can speculate on the future value of BAL tokens without needing to own or store them.
This guide has discussed the many ways in which you can buy Balancer tokens from home. The whole process can seem daunting for a newbie, especially when you think about the hassles of choosing the best wallet for storing your Balancer tokens. Also, when you consider the demands of safeguarding your private keys, you may feel burdened.
After considering these challenges, we think that buying Balancer CFDs through a strictly regulated broker like Capital.com is the best option. This brokerage site charges zero commission and offers leverage facilities. Best of all, as you are trading CFDs, you don’t need to worry about downloading a wallet and safeguarding your private keys.
All you're expected to do is to invest a few minutes in opening your account and deposit funds with an e-wallet, credit/debit card, or bank transfer.
How much is Balancer?
Balancer prices fluctuate like other cryptocurrencies in the market due to the changes in their demand and supply. As of the time of writing, the Balancer price stands at $16.92 per token.
Is Balancer a buy?
As always, you should only buy Balancer if you have performed lots of research on the potential of the digital asset and the wider DeFi market. But from its price history since launch, the protocol has recorded a commendable increase in value. So, investing in Balancer for your long-term financial goals might be a good move given its various price predictions - but there is a possibility of incurring losses too.
What is the Minimum number of Balancer tokens you can buy?
There is no minimum number of tokens when investing in Balancer. Now that the price is much lower than its prior all-time highs, you can buy any number based on your budget.
What is the balancer all-time high?
On May 4, 2021, the Balancer token hit an all-time high of $74.77.
How do you buy Balancer tokens with a debit card?
You can buy Balancer tokens with a debit card on brokerage sites that support it. If you prefer to trade Balancer CFDs, Capital.com supports debit/credit cards and other payment methods.
How many Balancer Tokens are there?
The set maximum supply of Balancer tokens stands at 100 million. However, as of the time of writing, there are more than 6,943,831 BAL tokens already in circulation.
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