A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your welcome 10 Dollar.
Step 2 – Transfer Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Balancer (BAL) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Balancer (BAL) Once your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To invest in Balancer (BAL) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find Balancer (BAL), you will need to put the cointype (BAL) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “BAL/BTC” to continue.
Step 4 – Purchasing Balancer (BAL) After you have found Balancer (BAL), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the most latest rate Balancer (BAL) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BAL you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of BAL. If you are glad, make a mouse click on “Buy BAL”. Your order will be filled when a Vender sells their BAL for the price you offered.
Step 5 – Withdraw (BAL) Balancer Unless you're trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (BAL) Balancer, go to the ”Funds” tab and mouse click on “Withdraw”. (BAL) Balancer can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BAL) Balancer by using the given drop-down box. Drop in the quantity of (BAL) Balancer you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, click on “Submit”. You may be requested for phone/email verification ahead of a take off.