How to Buy Factom (FCT)

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).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Factom (FCT) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Factom (FCT)

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can begin invest and trading. To purchase Factom (FCT) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

To spot Factom (FCT), you'll need to insert the shortname of the coin (FCT) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “FCT/BTC” to advance.

Binance Hot To Buy Factom (FCT)
Binance How to Buy (FCT) Factom
Step 4 – Buying Factom (FCT)

Once you have located Factom (FCT), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date rate Factom (FCT) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of FCT you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of FCT.

When you're happy, click on “Buy FCT”. Your order will be filled as soon as a Seller trades their FCT for the price you gave.

Step 5 – Withdraw Factom (FCT)

Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Factom (FCT), go to the ”Funds” tab and mouse click on “Withdraw”. Factom (FCT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate 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 minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and safed Factom (FCT).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (FCT) Factom is safe within your wallet, you're all done.

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