An Ethereum-based app, Balancer supports a decentralized exchange, meaning it lets users trade cryptocurrencies. Balancer’s cryptocurrency, known as BAL, supports the app and users receive it as reward.
Balancer and the BAL coin use an interesting approach. The system watches over investments of various cryptocurrencies in liquidity pools. When the value of one coin drops, the system “balances” to preserve as much of the original investment value as possible.
As a result, Balancer makes it easier to secure your investments and increases your chances of making a profit from your cryptocurrency.
Balancer offers an interesting combination of an index fund-style system that pays out its own branded cryptocurrency. By letting people trade cryptocurrencies, Balancer also lets anyone add liquidity to a trading pool and purchase a stake for potential profits.
Balancer and its BAL crypto coin are mainly designed for investing in cryptocurrencies. The BAL coin is used for liquidity when making investments in crypto, rather than being used as a currency to buy material things. Accordingly, traditional investors familiar with stock and index-fund investments will find it easy to pick up on how Balancer works.
Balancer stands out because it lets users trade on a decentralized platform through an app. The platform doesn’t have any permissions or strict requirements, so you can participate in trading crypto at a global level without any restrictions.
As well, Balancer lets anyone add liquidity to a trading pool and make passive income from their earnings. This way you can leverage your wallet earnings in more ways than with a direct investment. Just add your earnings to a Balancer trading pool.
Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.
After you sign up, you’ll need to verify your account.
Over 90% of our members get verified immediately, and then start trading right away.
You can buy BAL right away at the best rates.
Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.