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 Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Balancer (BAL) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find Balancer (BAL) As soon as your deposit has been confirmed, you will now have access to your funds and you can start invest and trading. To buy Balancer (BAL) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To find Balancer (BAL), you'll need to insert the cointype (BAL) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “BAL/BTC” to go on.
Step 4 – Acquisition of Balancer (BAL) Once you've located Balancer (BAL), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date price Balancer (BAL) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BAL you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete amount of BAL. When you are satisfied, click on “Buy BAL”. Your plan will be filled as soon as a Vender trades their BAL for the price you offered.
Step 5 – Withdraw Balancer (BAL) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. To take off your Balancer (BAL), hover over the tab called “Funds” and click on “Withdraw”. Balancer (BAL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Balancer (BAL) by using the given drop-down box. Put into the amount of Balancer (BAL) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.