How to use
the Balanced app
Learn how to trade, earn, and borrow on Balanced.
Sign in to the Balanced app with a compatible browser wallet, or access it through the Hana wallet on iOS and Android.
Trade on the exchange.
Swap between a range of assets, and transfer value across blockchains within 20 seconds. All trades powered by SODAX.
From the Trade page:
- Choose which assets to swap and receive.
- Adjust the blockchains and recipient address if needed.
- Enter the amount to swap. The amount you can expect to receive will autofill with fees factored in.
- Click Swap and complete the transaction.
If your trade fails or takes more than 5 minutes, it will auto-cancel and return your funds.
Earn and borrow
with the money markets.
Put your funds to work with the most flexible cross-chain money market. You can supply a range of assets to earn interest, then use them as collateral to borrow crypto from any supported chain.
Learn more about the money markets.
Earn interest.
Supply crypto to earn interest at a variable rate until you withdraw. When signed in, you’ll see a list of assets available to supply on each blockchain, alongside your balance and the current interest rate.
Go to Markets > Your Markets, then:
- Click an available asset to expand it.
- Enter the amount, and watch your interest and borrowing power update in real-time.
- Click Confirm and complete the transaction.
To withdraw your crypto, expand the asset and reduce the amount.
Borrow crypto.
You can use the crypto you supplied on a specific chain to borrow any asset. There’s a 0.1% fee, and the variable interest rate will increase your debt over time.
From Markets > Your Markets:
- Click ‘Borrow an asset’ under the blockchain you’d like to borrow against.
- Choose an asset from the list, then choose which blockchain to receive it on, if applicable.
- Enter the amount, and watch your risk and interest update in real-time.
- Click Confirm and complete the transaction.
To repay your loan, expand the asset and reduce the amount.
Borrowing puts your crypto at risk.
Every asset supplied on the chain you borrow against is used as collateral. Your risk will increase if your supplied value drops or borrowed value rises. If your risk ever reaches 100%, the crypto you supplied on that chain will be partially liquidated. Keep an eye on your risk during price fluctuations, and limit your exposure to volatile assets.
Access legacy features.
If you used Balanced before 2026, you may need to repay loans, withdraw funds from liquidity pools and the Savings Rate, migrate assets, or trade crypto that’s no longer supported on the exchange.
Access Balanced’s old features through the legacy app, and read the Balanced docs if you need guidance.