How to Buy Factom (FCT)

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Factom (FCT) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate (FCT) Factom

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

In order to locate (FCT) Factom, you'll need to insert the cointype (FCT) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “FCT/BTC” to proceed.

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

Once you've located (FCT) Factom, you'll be presented with a Chart with Prices (in the Center of the picture) and a few 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 up-to-date valuation (FCT) Factom was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of FCT you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of FCT.

When you are satisfied, click on “Buy FCT”. Your plan will be filled as soon as a Vender trades their FCT for the price you offered.

Step 5 – Withdraw Factom (FCT)

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

Find Factom (FCT) by using the provided drop-down box. Put into the quantity of Factom (FCT) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and stored Factom (FCT).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Factom (FCT) is stored inside your wallet, you are finished.