Buy Balancer
in Romania

Balancer (BAL) was introduced to the crypto market in June 2020, initially trading at $20 USD. However, its value declined to below $10 by mid July and recovered to over $10 by the end of the month. In August, prices rose to near $30 before experiencing a 42% drop to $17 and eventually reaching a high of $38.50 in September. Despite reaching almost $19 in November, Balancer ended the year at $13.74. The following year, Balancer's prices rose, doubling in January and reaching a peak of $58 in February. The next few months saw significant price fluctuations, reaching highs of $67 and $73 in March and April, respectively, followed by drops of over 30%. Balancer hit its all-time high of $76.68 on May 4, 2021, showing year-to-date gains of 460%. At that time, its market cap was around $500 million, outperforming 62% of the top 100 crypto assets in just one year. The year 2022 was bearish for most of the crypto market as many crypto tokens experienced drastic falls, BAL too was not an exception. It ended 2022 on around $5.3 mark and started to rise as 2023 started ranging from 6 to 7 USD early on 2023. The price predictions for this cryptocurrency token have forecasted an average of $22.59 USD for BAL in 2025 and a promising average value of $140.69 USD by the year 2030. But please bear in mind that this is by no means a buying signal or a financial advice. We strongly advise you to seek further information from crypto market experts and study the movements of the market before deciding to invest in Balancer tokens or any cryptocurrency tokens at all.

Balancer is an automated market maker and decentralized exchange platform that was launched in March 2020 on the Ethereum blockchain network. This platform is designed as an open and accessible alternative to centralized exchanges and allows users to trade Ethereum (ETH) and assets based on the ERC-20 standard in a trustless and permissionless environment. An automated market maker is a decentralized exchange that uses a mathematical formula to price assets. In other words, unlike traditional exchanges that use an order book and bid/ask system, in automatic market makers, asset prices are determined based on a price algorithm.

Balancer allows users to exchange supported tokens, create a liquidity pool in order to add liquidity to the balancer protocol, and also invest in existing pools for yield farming of transactions. The Balancer cryptocurrency network has been developing since 2018 and its bronze version was launched in 2020. Since then, Balancer has become one of the top 15 decentralized exchange platforms on the Ethereum network in terms of transaction volume and one of the top 10 largest decentralized applications (DApps) running on the Ethereum network in terms of total asset value locked. 

Yes. According to Law 227/2015, transactions with virtual currencies including cryptocurrencies are legal and regulated by the Financial Supervisory Authority (ASF) and the National Bank of Romania (BNR). It is estimated that more than 423,000 people, or 2.20% of the population of Romania currently trade in the crypto markets.

Yes. According to Chapter X, Title IV of the Romanian Tax Code, the National Agency for Fiscal Administration (ANAF) states that revenues from crypto falls under the category of income from alternative sources, and profits, whether that is gains or income, are subject to Income Tax. According to the same tax code, you need to pay 10% Income Tax on both any capital gain or any additional income from your crypto investment activities in Romania, and this is if your total earnings throughout the financial year exceed 600 Lei.

Balancer (BAL) is used as a governance token to give holders the power to propose and vote on changes to the Balancer protocol. BAL is also used to pay for transaction fees on the platform, provide liquidity to pools, and access premium features. Additionally, BAL can be used as an investment and as a means of payment or as a trading asset with its value increasing based on supply and demand dynamics in the market. 

Anyone can use fiat currency deposits to purchase cryptocurrencies in Romania with the help of exchanges. Additionally, our exchange provides secure and fast transactions in Romania through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal without charging any transaction fees.