How to Sell Balancer (BAL)
No longer interested in facilitating exchanges on Balancer? It might be time to sell BAL.
Whether you’ve earned BAL providing liquidity to Balancer pools or you’re simply seeking to try out another DeFi platform, Kraken allows you to sell BAL for other crypto assets like ETH, as well as Swiss francs (CHF) and euros (EUR).
Kraken offers over 150 trading pairs in total, so, depending on how you decide to sell BAL, you can gain exposure to a wide range of other assets (including other DeFi cryptocurrencies).
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some BAL!
New to crypto?
For more details on how BAL derives its value, read our official “What is Balancer?” guide.
Why sell BAL?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell BAL for other cryptocurrencies or fiat.
You might sell BAL if you want to:
- Adjust your long-term crypto strategy
- Reduce your exposure to emerging DeFi protocols that automate financial services
- Capture gains from liquidity you provided to Balancer
- Exchange BAL for other crypto or fiat currencies
- Provide liquidity to other DeFi platforms
How to sell BAL on Kraken
If you’re ready to go ahead and sell BAL, follow these simple steps below:
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Sign up for a Kraken account.
You just need an email address, username and a strong password. -
Verify your account.
All you need is your name, birth date, country of residence and a phone number. -
Send BAL to your Kraken Address
If you want to sell BAL for another cryptocurrency (like KNC or SNX), first you’ll need to create a deposit address in your Kraken account. Depositing BAL on Kraken is as easy as transferring it to any cryptocurrency address.If instead you want to sell BAL for a fiat currency (like USD or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.
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Sell BAL
Once your account has received funding, you can begin selling BAL and other cryptocurrencies on Kraken.Simply open the New Order page, fill out the order form and click SELL. Check our BAL price charts to time the market for the best possible selling times.
Having trouble selling BAL? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling BAL
Not sure if you want to sell? You can always continue holding BAL. If you do, be sure to bookmark our pricing page so you can spot sale opportunities if and when they arise.
