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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

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

Make sure you've selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Factom (FCT)

As soon as your deposit has been approved, you'll directly have access to your finances and you can begin invest and trading. To buy Factom (FCT) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to discover Factom (FCT), you'll need to put the short name of the asset (FCT) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we've highlighted this also. Click on “FCT/BTC” to proceed.

Step 4 – Purchase Factom (FCT)

As soon as you've spotted Factom (FCT), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate Factom (FCT) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of FCT you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of FCT.

If you are happy, make a mouse click on “Buy FCT”. Your order will be filled as soon as a Vendor sells their FCT for the price you submitted.

Step 5 – Withdraw Factom (FCT)

Unless you are frequently trading, never keep your coins on an Exchange for an extensive period of time. To take off your Factom (FCT), hover over the tab called “Funds” and mouse click on “Withdraw”. Factom (FCT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Factom (FCT) by using the given drop-down box. Drop in the quantity of Factom (FCT) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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