Balancer price AUD (BAL)
Balancer price chart
The below Balancer price chart tracks the price of Balancer against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
$5.9142
- %
Low: $
High: $
$5.9142
Low: $
High: $
- %
Market cap
$329.9M
Volume 24hr
$10.8M
Supply
56.3M BAL
Max supply
96.2M BAL
What is Balancer?
✓Automated portfolio manager ✓Trading platform ✓Governance token
Balancer is an automated portfolio manager and trading platform. Firstly, users deposit assets to a Balancer pool, which is a portfolio of up to eight crypto assets with designated weightings. Then as certain assets appreciate and the portfolio needs to be rebalanced, assets are lent to traders who take advantage of arbitrage opportunities. In return, users receive a fee. Those fees are paid with the protocol’s native token BAL, which is also used for governance.
In essence, instead of paying fees to portfolio managers to rebalance a portfolio like in traditional finance, users collect fees from traders who rebalance their portfolio by exploiting arbitrage opportunities. Balancer initially began as a research project at the software consulting firm BlockScience in 2018, founded by Fernando Martinelli and Mike McDonald.
How do I buy Balancer?
- Deposit funds into your Cointree account using our fast and convenient options.
- Enter the amount of Balancer that you would like to buy.
- Confirm your purchase and Balancer will be instantly delivered to your Cointree account.
Don't have an account? Click here to get started
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Common Balancer questions
What is an automated portfolio manager?
Automated portfolio management removes tedious tasks like rebalancing and checking to ensure proper asset allocation. Robo-advisors are cheaper in terms of cost than using a traditional advisor.
Does Balancer have a token?
Yes. Like many modern DeFi applications, Balancer features its own native utility token, known as the BAL. This is used for participating in the governance of the Protocol and can be earned by providing liquidity or trading on the platform.
What is the market cap of Balancer?
Balancer has a market cap of $136.8M Australian dollar and a maximum supply of 100 million.
Where do I store my Balancer?
You can store your Balancer tokens in your free multi-coin wallet on Cointree. When you create an account, you'll receive a [multi-coin wallet](https://www.cointree.com/learn/cryptocurrency-wallets/) that can store any cryptocurrency supported on the Cointree platform.
You can also send your BAL token to a hardware wallet, such as a Ledger. Just enter the address and send it directly from your wallet on Cointree.
Buy Balancer (BAL)
Use the price calculator below to enter the amount of AUD you want to buy in Balancer. You can also switch to convert BAL to AUD.
Why is Cointree the best place to buy Balancer in Australia?
Easy and convenient
Easily deposit Australian dollars using a convenient method such as PayId/OSKO and then simply follow our step-by-step instructions to make your first purchase of Balancer.
Fast and transparent
Buy Balancer in Australia within minutes. Our low fees are backed up with transparent quotes, so you can buy more Balancer with every dollar invested.
Safe and secure
Buy Balancer with confidence knowing that you're using an AUSTRAC regulated Australian exchange that's been operating since 2013 and is protected with bank-level encryption.
Made for you
An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs. Plus, tracking of your portfolio performance can be done with ease.
What can you do with your Balancer?
Deposit Balancer
Be free to move your Balancer when you want. Instantly deposit and withdraw Balancer into your Cointree wallet with just a few clicks.
Hold Balancer
Many members buy and hold their Balancer as a long-term investment. You can hold your Balancer in your free multicoin wallet on Cointree or transfer it to a private wallet.
Trade Balancer
You can instantly trade any portion of your Balancer for any other digital currency within just a few clicks, and at the lowest rates in Australia.
Send Balancer
When you buy Balancer in Australia with Cointree, you can quickly and easily send your Balancer to any other Balancer wallet.
Spend Balancer
You can spend Balancer purchased in Australia when you’re online shopping or in physical stores. More and more Australian businesses are accepting Balancer every day.
Learn About Balancer
Cointree provides a comprehensive [learning hub](/learn/) to turn you from a beginner buying their first Balancer, to an expert holding a diversified portfolio of cryptocurrencies.
Buy in just a few minutes
Start with as little as AUD $20 and deposit instantly with your bank account.