A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Join CEX.io You'll first need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Balancer (BAL) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Balancer (BAL) As soon as your deposit has been affirmed, you'll now have access to your finances and you can initiate invest and trading. To purchase Balancer (BAL) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover Balancer (BAL), you'll need to put the cointype (BAL) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've marked this too. Click on “BAL/BTC” to advance.
Step 4 – Buying Balancer (BAL) Once you've discovered Balancer (BAL), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Balancer (BAL) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BAL you wish to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of BAL. If 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 extended time period. In order 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) Locate Balancer (BAL) by using the given drop-down box. Drop in the volumen of Balancer (BAL) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You could be requested for email/phone verification ahead of a take off.