Want a say in how Balancer rewards its users? If yes, you may want to purchase BAL, the cryptocurrency that powers this emerging protocol for asset exchange.
Ready to dive in?
Why buy BAL?
By providing liquidity to Balancer, you can receive rewards in the form of BAL, Balancer’s native cryptocurrency. But there are other ways to get BAL besides earning it.
- Diversify your long-term investment strategy
- Lend BAL to a liquidity pool and earn more cryptocurrency
- Invest in decentralized lending and borrowing platforms
- Stake BAL to participate in the platform’s governance
- Support the development of applications on the Ethereum blockchain.
在Kraken, 我们将安全视为重中之重, 确保我们拥有最先进的技术、政策和程序以保护客户的资金。在安全问题上，我们不会妥协，您也不应该妥协。
How much BAL can I buy?
Looking to buy BAL on a budget? Don’t worry, Kraken offers a minimum order size of 0.3 BAL to help you gain exposure to a variety of assets.
Of course, you can also execute larger BAL buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 500 BAL or more on Kraken.
How to buy BAL on Kraken
Follow the steps below to start buying BAL on Kraken:
Sign up for a Kraken account.
First, enter a valid email address, create a new username and set a strong password to protect your account.
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can buy BAL with cryptocurrencies like BTC and ETH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded with cash, you’re ready to buy BAL. You’ll also get access to our advanced charting tools, 24-hour global client support and futures trading*. All of these features are why millions of global traders love Kraken.
*Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying BAL, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your BAL
Once you buy BAL, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to keep your BAL in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
Balancer is a platform built on top of Ethereum, meaning BAL can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your BAL, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold BAL in their accounts, we highly encourage you to separate your BAL holdings into multiple wallets.
Ready to take the next step toward trading on emerging asset exchange protocols? Click the button below to buy BAL on Kraken today!