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How to buy Bella Protocol (BEL) in the US
A beginner's guide to buying and selling BEL in the US.
How to buy Bella Protocol
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Bella Protocol.
- Open an account on an exchange that supports BEL.
Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Bella Protocol.
- Buy Bella Protocol.
Complete your Bella Protocol purchase and then find the best wallet to store BEL.
What is Bella Protocol?
BEL is the native token of the Bella Protocol. It acts as both the utility and governance token for this network. Bella Protocol is an aggregator for existing decentralized finance (DeFi) platforms to give users a single point access to various tools in the DeFi ecosystem.The protocol aims to eliminate issues arising from high gas fees and slow network speed that affects blockchains like Ethereum, and also improve the user’s experience of the DeFi ecosystem. Bella was launched in September 2020. It was the first project to be distributed through Binance’s launchpool. They are backed by various firms including, Arrington XRP Capital and Ledger Capital.
Bella Protocol (BEL) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $110,298,316. The current price of Bella Protocol is $2.3, which is -1.571% lower than yesterday. Prices have ranged between $2.37 and $2.22 over the past 24 hours. All prices are listed in US dollars and accurate as of October 22, 2021 12:10 UTC.
Where to buy Bella ProtocolIf BEL is not available on exchanges in your local market, then you may need to use a decentralized exchange (DEX). Decentralized exchanges run on blockchains like Ethereum and allow users to trade directly with one another without the need for a middleman.
Decentralized exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
- Find BEL on a decentralized exchange and make sure Bella Protocol can be traded for ETH which is the native asset of Ethereum. Popular DEXs include:
- Buy ETH to trade for BEL – you can find check a list of exchanges that sell ETH.
- Transfer the ETH into a personal wallet to trade for BEL using a web 3.0 wallet like MetaMask to connect to the DEX.
Is it a good time to buy Bella Protocol?
The technical analysis gauge for Bella Protocol displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Bella Protocol based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Bella Protocol: moving averages, oscillators and pivots. Finder is not responsible for how BEL performs.
Bella Protocol at a glance
|Total BEL supply||100,000,000|
|All time high||US$9.99|
|Notable team members||Felix Xu, Yemu Xu|
|Token uses||Rewards, platform discounts, staking, governance|
Bella Protocol price performance over time
How to sell Bella Protocol
You can cash out your BEL with the same exchange you bought it through:
- Sign in to the exchange you have BEL on.
If you store your Bella Protocol in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of BEL you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Bella Protocol.
What to consider when buying Bella ProtocolInvesting in cryptocurrencies can be risky since it is a highly volatile and speculative market. Investors should always weigh all the factors affecting the economics of a certain cryptocurrency. Below are some of the facets that you should consider before allocating part of your portfolio to BEL:
- Supply: According to CoinMarketCap, at the time of writing (April 2021), there are 28.5 million coins in circulation. The maximum supply is capped at 100 million tokens.
- Zero gas fees: While Ethereum is transitioning its PoS 2.0 version, the issue of high gas fees is one of the main concerns surrounding the network. Considering that most DeFi protocols are based on the Ethereum blockchain, these high gas fees affect DeFi investors significantly. One of Bella Protocol’s main propositions is that it charges “zero gas fees” by subsidizing this fee for users.
- Competitors: Bella Protocol is not the only DeFi aggregation platform available in the market. There are several platforms and exchanges right now that are actively offering these services and have a proven track record to attract more consumers to their platform. Some of these platforms are 1inch, Matcha, ParaSwap, Zapper and Zerion.
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Disclaimer: Cryptocurrencies, including Bella Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BEL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Bella Protocol or any other cryptocurrency discussed.
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