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Balancer

BAL

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.

About Balancer (BAL)

Balancer refers to itself as a protocol for programmable liquidity; the crypto community calls it a decentralizsd exchange (DEX), or, even more to the point, an automated market maker (AMM). 

Among the main technologies driving decentralised finance (DeFi), AMMs are smart contracts abetting autonomous, crowd-sourced liquidity pools that reward liquidity providers (token depositors) while feeding DEX platforms with tokens. 

Over $20 billion of assets were locked in DeFi contracts as of mid-January 2021. Driving that surge are AMMs such as Balancer.

Launched in June of 2020, Balancer allows users to engage in liquidity mining, depositing crypto assets (up to eight, in any ratio) into its liquidity pools. Access comes via purchased units of uniquely built indices comprising crypto holdings that exist on the network. It’s essentially software, running on Ethereum, designed to incentivise a decentralised network of computers to auto-operate a DEX.

How to buy Balancer (BAL)

With Uphold, you can set up an account, verify your identity and buy crypto with ease.

Here is how:

1. Go to Uphold.com and click ‘Sign up’

2. Enter your email address, phone number and your personal details

3. Tell us how you plan to use Uphold and provide some basic financial information (e.g., employment status and source of funds)

4. Verify your identity by providing an ID document and taking a ‘selfie’

… and you’re off to the races!

Just start trading.

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