A Step-by-Step-Guide on how to buy Fantom (FTM)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Fantom (FTM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the precise 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, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Fantom (FTM) As soon as your deposit has been approved, you will now have access to your finances and you can commence purchasing and trading. To invest in Fantom (FTM) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot Fantom (FTM), you will need to put the shortname of the coin (FTM) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “FTM/BTC” to continue.
Step 4 – Acquisition of Fantom (FTM) Once you have discovered Fantom (FTM), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate Fantom (FTM) was sold for. You can change this to your favoured price. The ”Amount” field is the amount of FTM you like to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete volumen of FTM. When you're satisfied, make a mouse click on “Buy FTM”. Your order will be filled when a Vender trades their FTM for the price you introduced.
Step 5 – Withdraw Fantom (FTM) Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Fantom (FTM), hover over the tab called “Funds” and mouse click on “Withdraw”. Fantom (FTM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Fantom (FTM) by using the given drop-down box. Put into the volumen of Fantom (FTM) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.
Congratulations! You have successfully bought and safed Fantom (FTM).That's it! Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (FTM) Fantom is stored inside your wallet, you are all done.
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