Skip to content Skip to footer

How to Buy Factom (FCT)

A Step-by-Step-Guide on how to buy Factom (FCT)

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive your welcome $10.

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Factom (FCT) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Factom (FCT)

Once your deposit has been approved, you'll now have access to your finances and you can launch purchasing and trading. To purchase Factom (FCT) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to find Factom (FCT), you'll need to insert the cointype (FCT) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “FCT/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Factom (FCT)
Step 4 – Buying Factom (FCT)

As soon as you have located Factom (FCT), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our Limit Order.

The ”Price” field will be filled with the up-to-date valuation Factom (FCT) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of FCT you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole quantity of FCT.

When you're happy, make a mouse click on “Buy FCT”. Your plan will be filled when a Vendor trades their FCT for the price you gave.

Step 5 – Withdraw (FCT) Factom

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (FCT) Factom, go to the ”Funds” tab and mouse click on “Withdraw”. (FCT) Factom can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (FCT) Factom by using the given drop-down box. Put into the volumen of (FCT) Factom you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, click “Submit”. You could be asked for email/phone verification ahead of a take off.

Congratulations! You have successfully bought and safed Factom (FCT).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Factom (FCT) is safe within your wallet, you're done.