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 – Send Your Funds to an Crypto Trader

Your Ethereum or Bitcoin 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. Unsure on how to send Coinbase funds to an Exchange? (Just 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, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Factom (FCT)

Once your deposit has been confirmed, you'll directly have access to your funds and you can begin buying and trading. To purchase Factom (FCT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

To find Factom (FCT), you will need to insert the shortname of the coin (FCT) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we have marked this too. Click on “FCT/BTC” to advance.

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

After you have found Factom (FCT), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order.

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

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

Step 5 – Withdraw Factom (FCT)

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended time frame. In order to take off 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)

Find Factom (FCT) by using the given drop-down box. Drop in the volumen of Factom (FCT) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you're glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (FCT) Factom is safe in your wallet, you are finished.

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