Balancer wallet
The most secure hardware wallet for your Balancer
Switch to Tangem for secure Balancer storage. Trusted by thousands, now featuring cutting-edge security!
How to secure your Balancer with Tangem?
When you buy or hold Balancer in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Balancer Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose Balancer wallet with Tangem.
Privacy
No registration and KYC required to use the app. We don't track your data.
Security
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Convenient designs
Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Customer care
Fast support for your needs. Live chat and email support for customers from all over the globe.
What is Balancer (BAL)?
Balancer serves as a non-custodial portfolio manager, liquidity provider, and price sensor on the Ethereum blockchain, offering innovative solutions in decentralized finance. The primary function of the Balancer Protocol Governance Token, known as BAL, is to empower liquidity providers by allowing them to participate in the governance of the network.
What is a Balancer wallet?
A Balancer wallet safeguards your private keys, thus enabling you to manage your BAL holdings. It is important to note that your BAL tokens themselves are kept on the blockchain, while your wallet is simply a tool that stores your keys securely. This allows you to access, oversee, and perform transactions with your BAL tokens on the Ethereum network.
How does a Balancer wallet work?
Balancer wallets utilize a pair of cryptographic keys – public and private – to control blockchain accounts. The public key is available for others to send BAL tokens, whereas the private key, necessary to access and manage your funds, should remain confidential. Tangem Wallet's innovative design results in securely generating and storing your private keys on its hardware.
What are the types of Balancer wallets?
Exchange Balancer Wallets:
Centralized platforms such as Binance and Coinbase offer custodial wallets for purchasing BAL tokens with traditional currency, although this method presents potential risks like restricted account access.Software Balancer Wallets:
These wallets are downloadable applications for personal devices that manage your BAL tokens. While user-friendly, they are susceptible to malware attacks. Varieties include mobile, desktop, and web-based wallets.Mobile Balancer Wallets:
Applications tailored for smartphones, facilitating easy management of your BAL tokens on the go.Desktop Balancer Wallets:
Software installed on personal computers, where private keys are stored on hard drives.Hardware Balancer Wallets:
Secure, offline storage options such as Tangem that significantly mitigate online attack risks, offering robust security for digital assets.
How to Choose the Best Balancer Wallet
Selecting a suitable wallet relies on your individual preferences and requirements, particularly concerning ease of use, reliability, and security. To keep substantial BAL holdings safe, a hardware wallet like Tangem is advisable due to its secure offline features.
Balancer BAL
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See all supported cryptosBalancer FAQ
- You can buy Balancer on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of Balancer, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for Balancer depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for Balancer, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
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