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How to Buy Factom (FCT)

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Factom (FCT) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Factom (FCT)

As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate purchasing and trading. To buy Factom (FCT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to discover Factom (FCT), you'll need to put the shortname of the coin (FCT) into the search-box, which is highlighted in the image. Make sure you have selected the right 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 – Purchasing Factom (FCT)

As soon as you've found Factom (FCT), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The ”Price” field will be filled with the most latest price Factom (FCT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of FCT you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of FCT.

If you're glad, make a mouse click on “Buy FCT”. Your order will be filled as soon as a Vender sells their FCT for the price you introduced.

Step 5 – Withdraw Factom (FCT)

Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Factom (FCT), hover over the tab called “Funds” and click on “Withdraw”. Factom (FCT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Factom (FCT) by using the given drop-down box. Enter the amount of Factom (FCT) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed Factom (FCT).

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the Factom (FCT) is safe inside your wallet, you are finished.

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