How to Buy Factom (FCT)

A Step-by-Step-Guide on how to buy Factom (FCT)

Step 1 – Join CEX.io

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive Funds.

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) 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 example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (FCT) Factom

Once your deposit has been confirmed, you'll instantly have access to your finances and you can start purchasing and trading. To purchase (FCT) Factom on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot (FCT) Factom, you'll need to put the cointype (FCT) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “FCT/BTC” to go ahead.

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

Once you have discovered (FCT) Factom, 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 making our Limit Order.

The ”Price” field will be automatically filled with the up-to-date valuation (FCT) Factom was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of FCT you want to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of FCT.

When you're satisfied, make a mouse click on “Buy FCT”. Your order will be filled when a Vendor trades their FCT for the price you gave.

Step 5 – Withdraw (FCT) Factom

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

Find (FCT) Factom by using the provided drop-down box. Enter the amount of (FCT) Factom you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and stored (FCT) Factom.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (FCT) Factom is stored inside your wallet, you are done.