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).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Factom (FCT) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Factom (FCT) Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate invest and trading. To buy Factom (FCT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To spot Factom (FCT), you will need to insert the shortname of the coin (FCT) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “FCT/BTC” to go ahead.
Step 4 – Buy Factom (FCT) Once you have located Factom (FCT), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most recent valuation Factom (FCT) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of FCT you want to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole amount of FCT. When you are satisfied, click on “Buy FCT”. Your plan will be filled when a Vendor sells their FCT for the price you submitted.
Step 5 – Withdraw Factom (FCT) Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your Factom (FCT), go to the ”Funds” tab and mouse click on “Withdraw”. Factom (FCT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Factom (FCT) by using the given drop-down box. Drop in the amount of Factom (FCT) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.