Oleg Galeev

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How to Buy Balancer (BAL) in Canada: 7 Ways in 2025

Last updated March 18, 2025

How to Buy Balancer (BAL) in Canada: 7 Ways in 2025

Want to pick up Balancer (BAL) in Canada? I’ve got your back. Since jumping into crypto trading in Canada in 2016, I’ve tested over 50 exchanges to uncover the top ways for Canadians to buy BAL. With my YouTube channel, OCryptoCanada, and thousands of subscribers tuning in, I’ve sorted out what works best for us. Whether you’re new to the game or a crypto pro, this guide will steer you toward a savvy, informed choice.

Disclaimer: This article includes affiliate links. They help support OCryptoCanada, letting us keep delivering independent, no-frills content for you. No worries—these links don’t affect our rankings. After all, almost every exchange has a referral program, so it’s just part of the crypto gig!

Why Buy Balancer (BAL)?

Balancer (BAL) isn’t just another cryptocurrency—it’s the governance token for a smart DeFi platform, letting you create flexible liquidity pools and earn trading fees. Canadians might be drawn to its innovative yield potential and staking perks, whether you’re in Montreal or the West Coast. As of April 30th, one BAL costs . But a quick heads-up: crypto investments are risky, so always weigh the ups and downs before jumping in!

Where to Buy Balancer (BAL) in Canada in 2025

If you’re in Canada and looking to buy Balancer (BAL) in 2025, I’ve got some top platforms to share. Here’s my go-to choice for trading Balancer (BAL) with ease and confidence.

1. Coinbase (Most Reputable, Beginner-Friendly Option)

Coinbase is my go-to for Balancer (BAL) trading due to its easy interface and robust platform. Coinbase stands out as the most reputable exchange, best for beginners looking to buy Balancer (BAL) in 2025, with learning incentives to sweeten the deal—refer my video review!

Coinbase Canada is one of the safest due to its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), 98% cold storage for digital assets, 2FA, and insurance through the Coinbase Custody Trust Company for USD balances up to $250,000—I trust it for my trades. Coinbase Canada fees include a spread of about 0.50% on Balancer (BAL) transactions, with additional fees for certain payment methods like 3.99% for credit/debit card purchases; withdrawal fees vary but include a network fee for crypto. Over 200 cryptocurrencies are available for trading on Coinbase Canada, including Balancer (BAL). Deposit methods include Interac e-Transfer, wire transfers, and direct crypto deposits—here’s how I do it:

  • Sign up with Coinbase Canada (details below).
  • Deposit CAD via Interac e-Transfer.
  • Navigate to the trading section, select the Balancer (BAL) pair, and execute your order.

To sign up with Coinbase Canada, you need to provide your name, email, phone number, and government-issued ID for identity verification, ensuring compliance with KYC and AML regulations—keeps it secure and legit. If you’d be so kind as to use my referral link, it helps support my blog! For Canadian traders specifically, Coinbase Canada’s user-friendly mobile app and strong security make Balancer (BAL) trading accessible on the go—I’ve even imported my transactions to Koinly for easy tax reporting. 

2. Bitget (Global and one of the biggest crypto exchanges)

Bitget is my go-to for Balancer (BAL) trading due to its low fees and robust platform. Global and one of the biggest crypto exchanges, it’s ideal for daily trading with 800+ coins—a top choice for Canadians buying Balancer (BAL) in 2025. Not available in Alberta & Ontario—refer my video review!

Bitget is considered safe globally with regulatory licenses in the US, Canada (except Ontario), and Australia, alongside high-security measures like $300M in cold storage, 2FA, and monthly Proof of Reserves audits—I trust it for my trades. Bitget’s fees include a 0.1% spot trading fee for Balancer (BAL), which can be reduced to 0.08% with BGB token payment; futures trading fees are 0.02% for makers and 0.06% for takers. Deposits are free, withdrawal fees vary by cryptocurrency. Bitget supports trading for over 800 cryptocurrencies, including Balancer (BAL). Deposit methods include bank transfers, credit/debit cards (through third-party providers), and various crypto deposits—most Canadians use their P2P marketplace or simply deposit crypto, so here’s how I do it:

  • Sign up with a crypto-regulated exchange in Canada; I’ll use Coinbase in this example because of free deposits and very fast speed.
  • Deposit CAD via Interac e-Transfer (or bank transfer, but it will be longer).
  • A few minutes later, if funds arrive, buy USDC with them (stablecoin attached to USD).
  • Send the USDC to your Bitget wallet (I explained in detail in my video).
  • Trade received USDC on Bitget to USDT—now you have access to over 800 crypto pairs, including Balancer (BAL)!

To sign up with Bitget, you need to provide your name, date of birth, nationality, identity document number, plus a photo of your ID and a selfie for KYC verification, ensuring compliance with AML and CTF regulations. Navigate to “Spot Trading,” select the Balancer (BAL)/USDT pair, and execute your order. If you’d be so kind as to use my referral link , you’ll get a 50 USDT bonus when depositing over 500 USDT that helps support my blog! For Canadian traders specifically, Bitget’s 24/7 support in English and French and user-friendly mobile app make Balancer (BAL) trading smooth.

3. MEXC (The cheapest exchange with the most coins)

MEXC is my go-to for Balancer (BAL) trading due to its low fees and vast coin selection. The cheapest exchange (0.02% fees) with over 2,000+ coins, it’s a top choice for Canadians buying Balancer (BAL) in 2025—no KYC with high limits, though it’s not available in Canada, but accessible via VPN at your own risk. Refer my video review!

MEXC is considered safe with licenses from Estonia and the US, alongside robust security like 98% cold storage, 2FA, withdrawal whitelisting, and a Proof of Reserve system ensuring assets are over 100% backed—I trust it for my trades. MEXC isn’t registered under Canadian securities laws, so they technically don’t provide services for Canadians with some feature limits due to compliance, but many use VPNs—I’m using PureVPN—and still trade thanks to its extreme low fees and no-KYC option. MEXC charges 0% for spot makers and 0.1% for takers on Balancer (BAL), with futures at 0% for makers and 0.01% for takers; deposits are free, withdrawal fees vary by cryptocurrency. MEXC supports over 2,900 cryptocurrencies, including Balancer (BAL). Deposit methods include crypto transfers; no direct fiat options, but third-party services like Banxa or MoonPay can help.

To sign up with MEXC, you don’t need KYC for basic trading, which prioritizes user privacy, but higher withdrawal limits or some features require ID verification. Navigate to the trading section, select the Balancer (BAL) pair, and execute your order. If you’d be so kind as to use my referral link, you’ll get a $20 bonus that helps support my blog! For Canadian traders specifically, MEXC’s low fees and variety make Balancer (BAL) trading smooth.

4. Uphold (A unique platform allowing users to trade both crypto and metals)

Uphold is my go-to for Balancer (BAL) trading due to its versatility and solid platform. A unique platform allowing users to trade both crypto and metals with a self-custody wallet, it’s a top choice for Canadians buying Balancer (BAL) in 2025.

Uphold is considered safe with Money Transmitter Licenses across several US states, an MSB license in Canada, and compliance with European regulations like MiFID II. It offers 2FA, cold storage for crypto, and regular security audits—I trust it for my trades. It is legal in Canada under the MSB registration. Uphold’s fee structure includes a spread on Balancer (BAL) transactions which can range from 0.5% to 1.5%, with specific fees for crypto, bank transfers, and card transactions; withdrawal fees vary, including a fee for crypto withdrawals. Uphold supports over 120 cryptocurrencies for trading, including Balancer (BAL). Deposit methods include bank transfers, credit/debit cards, and crypto deposits.

To sign up with Uphold, you need to provide personal information including your name, date of birth, address, and a government-issued ID for KYC verification, ensuring compliance with AML regulations and user security. If you’d be so kind as to use my referral link, it helps support my blog! For Canadian traders specifically, Uphold’s unique features and strong security make Balancer (BAL) trading smooth.

5. Newton (A regulated Canadian exchange with low fees)

Newton is my go-to for Balancer (BAL) trading due to its low fees and reliable platform. A regulated Canadian exchange that covers network fees when swapping crypto, it’s a top choice for Canadians buying Balancer (BAL) in 2025—refer my video review!

Newton is considered safe with its registration as a Restricted Dealer with the Canadian Securities Administrators (CSA), FINTRAC MSB registration, and 95% cold storage for crypto assets—I trust it for my trades. It also implements 2FA, daily off-site backups, and is legally compliant for operations in Canada. Newton doesn’t charge trading fees directly; instead, it earns from the spread between buy and sell prices for Balancer (BAL), typically 0.5% to 1%. Deposits and withdrawals are free for most methods, but network fees apply for crypto withdrawals. Newton supports trading for over 70 cryptocurrencies, including Balancer (BAL). Deposit methods include Interac e-Transfer and direct crypto deposits.

To sign up with Newton, you need to provide your identity through KYC, including a government-issued ID and proof of address, ensuring compliance with Canadian regulatory standards for preventing fraud and money laundering. If you’d be so kind as to use my referral link, you’ll get a $25 bonus that helps support my blog! For Canadian traders specifically, Newton’s low fees and strong security make Balancer (BAL) trading smooth.

6. Kraken (A global exchange with considerably low fees)

Kraken is my go-to for Balancer (BAL) trading due to its low fees and robust platform. A global exchange with 200+ crypto assets available in the Canadian market, it’s a top choice for Canadians buying Balancer (BAL) in 2025!

Kraken Canada is considered safe with its FINTRAC MSB registration, 95% cold storage for crypto assets, 2FA, and independent security audits—I trust it for my trades. It’s legally compliant to operate in Canada, having filed a pre-registration undertaking with the OSC to become a Restricted Dealer. Kraken Canada charges a 0.16% maker fee and 0.26% taker fee on the Pro platform for Balancer (BAL) volumes up to $50,000 in 30 days, with fees decreasing as volume increases. Deposits via Interac e-Transfer have a 0.5% fee, and withdrawal fees vary by method. Kraken Canada supports trading for over 200 cryptocurrencies, including Balancer (BAL). Deposit methods include Interac e-Transfer, wire transfer, and direct crypto deposits.

To sign up with Kraken Canada, you need to provide KYC information like your name, address, and a government-issued ID, ensuring compliance with AML regulations and enhancing user account security. If you’d be so kind as to use my referral link, it helps support my blog! For Canadian traders specifically, Kraken’s low fees and strong security make Balancer (BAL) trading smooth.

7. KuCoin (One of the largest global exchanges by volume)

KuCoin is my go-to for Balancer (BAL) trading due to its low fees and robust platform. One of the largest global exchanges by volume, it’s a top choice for Canadians buying Balancer (BAL) in 2025—technically not allowed in Canada but still used by many for advanced trading. Not available in Alberta & Ontario.

KuCoin’s safety is based on features like proof of reserves, 98% cold storage, 2FA, and a fund for asset security—I trust it for my trades. However, in Canada, KuCoin is not compliant with current securities laws, resulting in a ban in Ontario and unavailability in other provinces for new KYC. It’s not legally operating in Canada as a regulated exchange, but some users still manage to use it with VPNs or existing accounts—I recommend PureVPN. KuCoin charges a 0.1% spot trading fee for both makers and takers on Balancer (BAL), with potential reductions for holding KCS tokens; futures trading fees are 0.02% for makers and 0.06% for takers. Crypto deposits are free, but withdrawal fees vary by cryptocurrency. KuCoin supports trading for over 700 cryptocurrencies, including Balancer (BAL). Deposit methods include various cryptocurrencies; there are no direct fiat deposit options available in Canada.

To sign up with KuCoin, you typically don’t need KYC for basic trading, but for higher withdrawal limits or certain features, you might need to provide ID. However, due to regulatory issues, new Canadian user verification is not supported for KYC compliance in Canada. If you’d be so kind as to use my referral link, it helps support my blog! For Canadian traders specifically, KuCoin’s low fees and variety make Balancer (BAL) trading smooth.

How to Keep Your Balancer (BAL) Safe

For short-term trading, keeping BAL on Coinbase or Kraken is fine—they’ve got solid security. But for long-term holding (think snowy staking seasons!), transfer it to a secure crypto wallet. Exchanges can get hacked, and I’ve seen it happen. I’ve covered the best wallets for Canadians in another guide—check it out for my top picks. Quick tip: a hardware wallet like Ledger or a software one like Trust Wallet (with BAL support) keeps it safe. Stash that seed phrase somewhere secure (not your phone!).

How to Sell Balancer (BAL) in Canada

Ready to cash out? Selling BAL is a snap:

  • Move your BAL back to your exchange wallet.
  • On Coinbase or Uphold, hit “Sell” and convert to CAD. Bitget or KuCoin? Swap BAL to BTC/ETH, then CAD on Newton or NDAX.
  • Withdraw via e-Transfer or wire. For the slickest cash-out tricks, watch my video for fees and timing tips!

Frequently Asked Questions (FAQs)

Can I buy BAL in Canada?

Yes! Coinbase, Bitget, Uphold, Kraken, and more—6 exchanges—list BAL. Bitbuy, NDAX don’t yet.

Which exchange is best for buying BAL in Canada?

Coinbase or Uphold for CAD ease. Bitget’s low-fee but needs crypto first. Crypto.com’s a solid pick too.

Is buying BAL a good investment?

BAL’s DeFi yield has potential, but crypto’s volatile—only risk what you’re okay losing.

Disclaimer: This article includes affiliate links. They help support OCryptoCanada, letting us keep delivering independent, no-frills content for you. No worries—these links don’t affect our rankings. Almost every exchange has a referral program anyway, so it’s just part of the crypto gig!

I hope this guide helps you grab BAL in Canada with ease. Crypto’s a wild ride—do your research and stay sharp.

Happy trading!

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Author

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. 

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