Balancer Review (October 2026): Fees, US States and Licenses

Best for: Custom multi-token pools

5.0/10

US access 20%9.0
Regulation 20%3.0
Security record 15%6.0
Cost 15%5.0
Range 10%4.3
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyNon-custodial
App Store— Not verified

Our verdict

Balancer is a decentralized exchange whose website is run by the Cayman Islands-based Balancer Foundation and Balancer OpCo Limited. Its terms do not exclude US persons. DefiLlama showed about $49.7 million in TVL and $259 million in 30-day volume on October 5, 2026. A November 2025 exploit of V2 pools drained about $128 million across six chains.

Pros

Terms do not exclude US persons
Deployed on Ethereum and at least nine other chains
Formal verification by Certora cited in official docs

Cons

About $128 million lost in November 2025 V2 exploit
TVL about $49.7 million per DefiLlama
Pool fees not published on a single official page

Balancer fees

Maker / taker: — Not verified
Simple buy: — Not verified
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network (gas) fee only; funds stay in the user's wallet
Minimum deposit: — Not verified

Is Balancer available in my state?

Balancer Terms of Use (last updated November 2025) bar sanctioned persons and use where local law prohibits it; US persons are not excluded.

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Crypto

Is Balancer regulated?

US operator: Balancer Foundation and Balancer OpCo Limited (website operators)
Parent company: — Not verified
State licenses: — Not verified
New York license: — Not verified
Founded: — Not verified
Headquarters: Cayman Islands

How secure is Balancer?

Proof of reserves: N/A (non-custodial)
Audits: Certora (per Balancer security docs); bug bounty on Immunefi
Insurance: — Not verified

Incidents since 2019

2025exploitNov 3, 2025: rounding-error exploit of Balancer V2 pools on six chains, about $128 million lost, per DefiLlama.
2026exploitAug 30, 2026: rounding-error exploit of Balancer V1 on Ethereum, about $234,000 lost, per DefiLlama.
2023exploitAug 2023: spot-price manipulation of Balancer V2 pools, about $800,000 lost, per DefiLlama.
2023hackSept 2023: front-end compromise, about $238,000 lost, per DefiLlama.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Balancer

Spot
Earn

Swaps and liquidity provision in Balancer pools through the balancer.fi interface.

Apps: Web
Support: — Not verified

Balancer FAQ

Is Balancer regulated in the US?

US customers are served by Balancer Foundation and Balancer OpCo Limited (website operators).

Can I withdraw crypto from Balancer to my own wallet?

Yes. Balancer lets US users send crypto to an external wallet.

Does Balancer require ID verification?

No account or ID check is needed for on-chain swaps on Balancer.

Alternatives to Balancer

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.