Buy Balancer in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Balancer (BAL) in Australia, simply:
1 - Get an Ethereum wallet:
Since Balancer is an ERC20 token, you need an Ethereum wallet to purchase it. This is where you will store your purchased Balancer. You can get a free online wallet or purchase a hardware wallet. Elbaite is a non-custodial exchange. We do not hold your Balancer in a centralised wallet, meaning you are free to use any crypto wallet of your choosing.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3 - Pay for your Balancer purchase:
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your BAL in your wallet. The seller will never know your banking details, keeping your data private.
A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor. Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities. BAL is the governance token to the Balancer protocol, and are a keyway of decentralizing the governance of the protocol such that it remains resilient over time, and protected from the failure of any single stakeholder.
Why buy Balancer (BAL) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite’s wallet-to-wallet trading means that your Balancer is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
How do I store my Balancer (BAL)? There are many Ethereum-based wallet options you can explore when it comes to safely storing your Balancer, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Balancer safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Balancer as a long term investment.
More Balancer (BAL) information