A Step-by-Step-Guide on how to buy Factom (FCT)
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Factom (FCT) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Factom (FCT) As soon as your deposit has been verified, you will directly have access to your assets and you can launch purchasing and trading. To invest in Factom (FCT) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To locate Factom (FCT), you will need to insert the cointype (FCT) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we've marked this too. Click on “FCT/BTC” to go ahead.
Step 4 – Purchase Factom (FCT) Once you have spotted Factom (FCT), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled with the up-to-date rate Factom (FCT) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of FCT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of FCT. If you are glad, click on “Buy FCT”. Your plan will be filled as soon as a Vendor sells their FCT for the price you offered.
Step 5 – Withdraw Factom (FCT) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extended period of time. In order to withdraw your Factom (FCT), go to the tab called “Funds” and click on “Withdraw”. Factom (FCT) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Factom (FCT) by using the provided drop-down box. Enter the amount of Factom (FCT) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a take off.