How to Buy Balancer (BAL) in the UK (2021)

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Looking to buy Balancer (BAL) in the UK?

In this quick guide, I’m going to cover some of the most popular platforms in the UK where you can get this cryptocurrency in 2021.

Overview: Where to Buy Balancer (BAL) in the UK

Here’s a quick overview of where you can buy Balancer (BAL) in the UK.

ProviderPayment MethodFees
Coinbase ProUK Bank TransferUp to 0.5%
CoinJarUK Bank Transfer1%+
CoinJarCredit & Debit Card2%+
BC BitcoinUK Bank Transfer3% (Exclusive Discount) AppUK Bank TransferVariable Rate AppCredit & Debit Card2.99%

Keep reading on for an overview of these platforms.

How to Buy Balancer UK

1. Coinbase Pro

Founded in 2012, Coinbase is one of the longest-running and most well-known cryptocurrency exchanges around.

In 2021, Coinbase Pro remains one of the lowest-cost ways to buy cryptocurrency for UK residents.

Here’s what I like about it:

  • You can deposit GBP with a simple UK bank transfer (for free) into Coinbase.
  • Funds sent via a UK bank transfer are credited quickly (within minutes).
  • Maximum fees on Coinbase Pro are 0.5% per trade.
  • Has GBP trading pairs for many of the popular cryptocurrencies that it supports.

But although Coinbase Pro allows you to trade and store Balancer (BAL), you can’t directly buy it with GBP. This means you’ll need to convert your GBP into Bitcoin (BTC), then exchange that for Balancer (BAL) on the BAL/BTC market.

As this requires two trades, you’ll be paying closer to 1% in fees when using Coinbase Pro as a route to go from GBP into BAL.

Coinbase Website

2. CoinJar

CoinJar has been around for quite a while too – founded in 2013, UK and Australian residents can use it to buy Bitcoin (BTC) and a growing number of cryptocurrencies.

Balancer (BAL) is one of the cryptocurrencies that they’ve recently added to their platform. This brings the total supported cryptocurrencies on the platform to more than 25.

Here’s what I like about it:

  • It’s much easier to use than cryptocurrency exchanges like Coinbase Pro.
  • You can deposit GBP with a UK bank transfer (for free) into CoinJar.
  • Alternatively, you can instantly buy Balancer (BAL) with a credit or debit card.
  • Fixed fees are 1% if you buy Balancer (BAL) using funds in your CoinJar wallet.
  • If you use a credit or debit card, you’ll be charged a fixed fee of 2% instead.

The only thing you need to consider is that the exchange rate you’re quoted might sometimes be higher than what you get on a cryptocurrency exchange with lots of trading volume.

CoinJar WebsiteCoinJar Review

3. BC Bitcoin

Established 2017, BC Bitcoin is a UK-based cryptocurrency broker that allows you to buy and sell almost any cryptocurrency you want. This includes popular coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) – as well as tokens like Balancer (BAL).

Although BC Bitcoin supports other payment methods, making a UK bank transfer is the cheapest way to buy Balancer (BAL) with them.

You would normally be charged 5% when buying any cryptocurrency that isn’t Bitcoin (BTC) on BC Bitcoin. However, if you sign-up through our custom portal you’ll be charged a lower rate of 3% when buying with a UK bank transfer.

The only thing that might put you off is that there’s a higher minimum order value (£250) than alternatives like CoinJar.

Get Exclusive DiscountBC Bitcoin Review

Best Balancer (BAL) Wallets

Balancer (BAL) is a token issued on the Ethereum (ETH) network. This means that you should be able to receive, store, and send Balance (BAL) using any ERC-20 capable wallet.

Two popular browser extensions that can be used to store Balancer (BAL), but also interface with the Balancer DeFi app, are Metamask and Coinbase Wallet.

Alternatively, you can also keep your Balancer (BAL) token inside multi-coin wallets like Exodus or Coinomi or a hardware wallet like the Ledger Nano S or Trezor One.

For other options, check out this site.

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