Balancer review

Swap fees are set by the pool you trade in, running from 0.001% to 10%. Each pool sets its own rate, so the cost of a trade depends on which pool you choose rather than on an account tier. Compare that with bunq, where taker fees run 0.25% to 1.99%.

No regulator or licence appears in the records, so there is no named regulator and no protection scheme to point to. As a decentralised exchange it runs on chain, and funds sit in a self-custody wallet you control. That structure differs from custodial platforms where a company holds the balance.

The pool lists 21 coins, which is a small selection next to established exchanges. Bitpanda lists from 650 coins by comparison, so a wide catalogue matters more, that platform fits better. A narrow list suits traders who only move a few major pairs.

No account is needed, because the exchange runs on chain and the feature list shows self-custody. You connect a wallet and trade directly against a pool, so there is no signup or identity check. Anyone who wants a hosted balance with a login should look at a custodial exchange instead.

Support runs on help centre and community, so answers come from a help centre and the community. There is no direct agent channel listed, which suits people comfortable troubleshooting in a community thread. If you want a staffed desk, a mainstream exchange fits better.

Self-custody means you hold the keys and accept the responsibility, which is demanding for a first trade. There is no account team to recover funds for you if a seed phrase is lost. Beginners usually start on a custodial platform that holds the balance for them.

Every pool sets its own swap fee within the 0.001% to 10% band, so read the fee before trading. A pool with a lower fee is not automatically safer, so check the token pair and liquidity. Balancing a few pools is common practice for onchain traders.