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 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

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

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate Factom (FCT)

Once your deposit has been verified, you'll immediately have access to your assets and you can begin purchasing and trading. To buy Factom (FCT) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Factom (FCT), you'll need to put the short name of the asset (FCT) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have marked this too. Click on “FCT/BTC” to advance.

Step 4 – Buy Factom (FCT)

After you've found Factom (FCT), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the most recent tariff Factom (FCT) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of FCT you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete volumen of FCT.

If you are satisfied, make a mouse click on “Buy FCT”. Your plan will be filled when a Vender trades their FCT for the price you introduced.

Step 5 – Withdraw Factom (FCT)

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

Find Factom (FCT) by using the provided drop-down box. Drop in the quantity of Factom (FCT) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you are happy, click “Submit”. You may be asked for verfication via phone/email before a withdrawal.