How to Buy Balancer (BAL) in Australia

A Step-by-Step-Guide on how to buy Balancer (BAL) in Australia

Step 1 – Signup to Coinmama

You will first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Balancer (BAL) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find {Balancer (BAL)|(BAL) Balancer}

As soon as your deposit has been approved, you'll immediately have access to your finances and you can start buying and trading. To purchase {Balancer (BAL)|(BAL) Balancer} on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot {Balancer (BAL)|(BAL) Balancer}, you'll need to insert the shortname of the coin (BAL) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this also. Click on “BAL/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Balancer (BAL)
Step 4 – Purchase {Balancer (BAL)|(BAL) Balancer}

After you've discovered {Balancer (BAL)|(BAL) Balancer}, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our Limit Order.

The ”Price” field will be filled with the most latest price {Balancer (BAL)|(BAL) Balancer} was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of BAL you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of BAL.

When you're glad, make a mouse click on “Buy BAL”. Your plan will be filled when a Seller sells their BAL for the price you submitted.

Step 5 – Withdraw {Balancer (BAL)|(BAL) Balancer}

Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To take off your {Balancer (BAL)|(BAL) Balancer}, hover over the tab called “Funds” and click on “Withdraw”. {Balancer (BAL)|(BAL) Balancer} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Balancer (BAL)|(BAL) Balancer} by using the given drop-down box. Enter the quantity of {Balancer (BAL)|(BAL) Balancer} you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored Balancer (BAL) in Australia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the {Balancer (BAL)|(BAL) Balancer} is stored within your wallet, you're finished.

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