What is Balancer (BAL)?
Balancer is an automated market maker (AMM) protocol and a decentralized exchange (DEX) on Ethereum and other EVM-compatible blockchains. It is one of the leading protocols in the DeFi section and offers many various services for crypto investors. The DEX was founded in 2018 by Fernando Martinelli and Mike McDonald.
How Balancer (BAL) Works
Similar to how most other AMMs work, Balancer enables users to trade directly with each other via liquidity pools and rewards liquidity providers with a portion of the trading fees. The special thing about Balancer is that it has seven different types of liquidity pools and may allow up to fifty different tokens in one single pool.
The seven types of liquidity pools in Balancer are:
- Weighted Pool
- Stable Pool
- MetaStable Pool
- Liquidity Bootstrapping Pool
- Managed Pool
- Boosted Pool
- Custom Pool
How Many Balancer (BAL) Tokens Are in Circulation?
BAL serves as the utility and governance token of the AMM. The total supply of BAL is 96,150,704 and the circulating supply is 44,707,457.65.
How to Buy Balancer (BAL)
Consider investing in Balancer (BAL)? It only takes 2 minutes to create an account on Bitget and start trading BAL.
Check out the available BA L trading pairs on Bitget!
Spot market
Balancer (BAL) Resources
Simple 3-step guide to buying BAL today in Monaco
Create your free Bitget account
Select a funding method
Complete your Balancer purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Balancer using a payment method of your choice:
Buy Balancer with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Balancer order.
How to buy crypto with credit/debit cardBuy Balancer with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Balancer is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Balancer order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Balancer order.Buy Balancer with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Balancer order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Balancer in your Bitget spot wallet
Bitget—where the world trades Balancer
How to buy Balancer for free
- Learn how to earn Balancer for free through the Learn2Earn promotion
- Earn free Balancer by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Balancer airdrops by joining On-going challenges and promotions
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FAQ
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Monaco (the Principality of Monaco) is a sovereign city-state located in the south of France, near the border of France and Italy. Except for the southern coastline by the Mediterranean Sea, Monaco is surrounded by France to the north, west, and east. Monaco is the second smallest country in the world after Vatican City.
The official language of Monaco is French, while Italian and English are well-spoken and understood by many of the Monaco residents. All French, Italian, and English are supported by both Bitget app and website.
The official currency of Monaco is the Euro (EUR). It only takes a few minutes for you to buy cryptos with EUR on Bitget. You can also enjoy services including Crypto Deposit, P2P, spot, and futures trading on Bitget. Whether you are in Monte Carlo, La Condamine, orFontvieille, Bitget is ready to serve you with any kind of cryptocurrency needs.
Tourism is one of the main sources of income in Monaco. Every year, many tourists are attracted by its luxurious urban lifestyle and pleasant climate. There is also the Formula One motor racing event, The Monaco Grand Prix, held on the Circuit de Monaco every May or June.
Monaco has the highest number of millionaires and billionaires per capita in the world. The yachts parked in the Monaco Habour, spectacular mansions on the hills, and The Monte Carlo Casino are all unique must-see attractions in Monaco.