According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Ethereum-powered decentralized platform
- Ability to create pools with various assets
Our Evaluation of Balancer
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Balancer is a high-risk cryptocurrency exchange with the TU Overall Score of 1.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Balancer clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Balancer is a strong option for users seeking to trade and invest in cryptocurrency outside of centralized exchanges. It offers flexible tools for creating and earning from liquidity pools while aligning incentives with community governance.
Brief Look at Balancer
Balancer is a decentralized exchange launched in 2020 on the Ethereum blockchain. It functions without intermediaries, allowing users to trade tokens and supply liquidity. On the platform, users can exchange assets, participate in liquidity pools, and earn a share of transaction fees.
A key component of the Balancer ecosystem is the utility token BAL, which supports platform governance. Users can earn BAL by providing liquidity or trading on the exchange, and then use the tokens to vote on development proposals and protocol changes. This governance model encourages user participation and promotes decentralization by giving the community a voice in the platform’s direction.
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- Liquidity pool management with customizable fee structures
- Support for up to eight assets in a single pool
- Automated market maker (AMM) that sets prices through algorithmic models and enables direct token swaps
- BAL token rewards for governance participation
- High gas fees on the Ethereum network
- Complexity for beginners unfamiliar with decentralized finance (DeFi)
Balancer Summary
| 💻 Trading platform: | Ethereum-powered decentralized platform |
|---|---|
| 📊 Accounts: | No traditional accounts; trading is conducted via wallets |
| 💰 Account currency: | ERC-20 tokens (ETH, DAI, USDC, etc.) |
| 💵 Deposit / Withdrawal: | Via cryptocurrency wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | None |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the liquidity pool |
| 💱 Commission: | No |
| 🔧 Instruments: | ERC-20 tokens (ETH, DAI, USDC, etc.), WBTC (Wrapped Bitcoin), WETH (Wrapped Ether) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Via browser |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Automated execution through liquidity pools |
| ⭐ Trading features: | Ability to create pools with various assets |
| 🎁 Contests and bonuses: | No |
Balancer provides traders with a decentralized platform for token trading without the need for intermediaries. Transactions occur through automated liquidity pools, where asset prices are set based on the ratio of tokens in each pool. The platform supports a wide range of ERC-20 tokens, including ETH, DAI, and USDC. It is recognized for its flexibility, transparency, and user-friendly interface.
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Balancer commissions and fees
Balancer received a 1.15/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- Discount system for high trading volume
- Spot fee above industry average
- Deposit fee may be applied
- Withdrawal fee may be applied
What are Balancer trading fees?
We analyzed Balancer’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Balancer trading fees vs competitors
| Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,22 | 0 | 0.194 |
What are Balancer deposit and withdrawal fees?
| Deposit fee, % | |
| Withdrawal fee, % |
Does Balancer offer P2P trading?
No, Balancer does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Balancer received a 0/10 rating for its deposit and withdrawal services. Balancer offers limited funding options and may charge fees, which could be inconvenient for many users.
- Instant deposit options
- No support for bank card payments
- Withdrawal fee applies
- Bank transfers not available
Deposit and withdrawal options
Balancer supports the following deposit and withdrawal options:
Balancer Deposit and withdrawal options vs competitors
| Balancer | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| PayPal | No | No | Yes |
What is Balancer minimum deposit?
The minimum deposit at Balancer is - USD/USDT or - BTC. The minimum trade size is - USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Balancer minimum deposit vs competitors
| Balancer | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | |
| Minimum deposit, BTC | 0,0005 | 0,0001 | |
| Minimum trade amount, USD/USDT | 0,00001 | 1 |
Does Balancer support fiat money?
Balancer does not support fiat currencies; only cryptocurrencies are accepted.
Contacts
| Official site | https://app.balancer.fi/#/trade |
|---|
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