Best place to purchase BAL at true cost with zero fees and markups
Balancer is listed on the Crypto.com App today, 1 February 2021. BAL joins a growing list of 90+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO).
A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor. Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.
With BAL added to the Crypto.com App, users can now purchase it at true cost with no fees. As Crypto.com also offers a Visa Card, this adds additional utility to BAL as users can easily convert cryptocurrencies into fiat currencies and spend at over 60m merchants globally.