Balancer is a Decentralised Finance (DeFi) platform built on the Ethereum blockchain that functions as a Decentralised Exchange (DEX), a global liquidity pool, and an Automated Market Maker (AMM). Balancer’s AMM offers a unique way for users to swap ERC-20 tokens by creating and running openly accessible on-chain liquidity for a variety of ERC-20 tokens. Balancer acts as a non-custodial portfolio manager, a price sensor, and liquidity provider. Balancer lets users provide liquidity for multiple digital assets simultaneously, and Balancer’s AMM allows for a customisable number of assets and weights within a pool. Pools controlled by smart contracts that can implement any type of arbitrary trading strategy or logic and users can trade against any pool in the Balancer ecosystem for the best price execution. Balancer also allows for custom ratios for the assets in each pool. BAL is the native token of the Balancer platform. The BAL token is used for governance of the platform, as well as incentivisation features like issuance of rewards and whitelisting of liquidity mining pools.
The best place to buy Balancer is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Balancer (BAL). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of BAL is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Balancer with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BAL instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
4149 Reviews on
Fantastic Platform Easy for beginners to buy, sell, swap and create recurring orders. Swyftx rewards also makes it an enjoyable platform to use.
Swyftx is easy to use, has fast deposits and withdrawals. Their Help responses are always quick and helpful and you also get to live chat with a real ...
I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...
Great product and service
The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.