Why buy Balancer with Kraken?

About Balancer

What can you do with Balancer?

Swap Balancer for other assets

Learn more about Balancer

1. How does Balancer work?

   Unlike traditional currencies, Balancer is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Balancer. This decentralization means the holders and users of Balancer can help to maintain the network.

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2. Where can I buy Balancer?

   Most find that the easiest and most secure way to purchase Balancer is through a reliable cryptocurrency platform like Kraken. While Balancer can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Balancer.

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3. How much does it cost to buy 1 Balancer?

   At the current market rate, it costs $2.84 to purchase one BAL. Kraken makes it easy to buy & sell Balancer with confidence.

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4. Can I buy $100 worth of Balancer?

   Yes, Kraken offers a secure and easy to buy $100 worth of Balancer. At its current price, $100 equals 35.21 BAL.

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5. Is Balancer safe to buy?

   The Balancer price can change dramatically based on market conditions. You should do your own research on Balancer before buying.

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6. Is Balancer available to buy and sell in my country?

   To find out if Kraken offers Balancer in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is Balancer a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Balancer may be a worthwhile purchase.

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8. Can I purchase Balancer using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying Balancer?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Balancer I can buy?

    You can buy as little as $10 worth of Balancer on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Balancer regularly.

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11. Can I buy Balancer with a debit card?

    You can buy Balancer using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy Balancer with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Balancer using hundreds of other cryptocurrencies. Browse the Balancer markets available on Kraken to see how much it costs to buy Balancer with other cryptocurrencies.

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13. How can I keep my Balancer safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Balancer. When you choose to keep your Balancer on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling Balancer?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer Balancer from Kraken to my crypto wallet?

    Yes, the Balancer you buy on Kraken is yours. Kraken makes it easy to withdraw your Balancer to any hot wallet or cold wallet that supports Balancer. Simply enter the external wallet address and your Balancer will be in your wallet a few moments later.

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16. Is it safe to leave my Balancer on Kraken?

    We take every measure possible to keep the Balancer you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Balancer. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Balancer?

    The current circulating supply of Balancer is 61,074,876 BAL.

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