A Step-by-Step-Guide on how to buy Balancer (BAL)
Step 1 – Join CEX.io You'll first need to purchase units of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto 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 illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Balancer (BAL) Once your deposit has been verified, you'll directly have access to your funds and you can initiate invest and trading. To purchase Balancer (BAL) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to find Balancer (BAL), you'll need to put the cointype (BAL) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “BAL/BTC” to advance.
Step 4 – Buy Balancer (BAL) Once you have discovered Balancer (BAL), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The field with the “Price” tag will be filled with the recent valuation Balancer (BAL) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of BAL you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of BAL. If you're glad, make a mouse click on “Buy BAL”. Your order will be filled as soon as a Vendor sells their BAL for the price you offered.
Step 5 – Withdraw Balancer (BAL) Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your Balancer (BAL), go to the tab called “Funds” and click on “Withdraw”. Balancer (BAL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Balancer (BAL) by using the given drop-down box. Enter the volumen of Balancer (BAL) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.