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 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Fantom (FTM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Fantom (FTM) Once your deposit has been affirmed, you will directly have access to your funds and you can launch purchasing and trading. To buy Fantom (FTM) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To spot Fantom (FTM), you will need to insert the short name of the asset (FTM) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click on “FTM/BTC” to proceed.
Step 4 – Purchase Fantom (FTM) Once you have located Fantom (FTM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Fantom (FTM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of FTM you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the complete quantity of FTM. If you are happy, make a mouse click on “Buy FTM”. Your order will be filled as soon as a Vender sells their FTM for the price you introduced.
Step 5 – Withdraw Fantom (FTM) Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To withdraw your Fantom (FTM), hover over the ”Funds” tab and mouse click on “Withdraw”. Fantom (FTM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Fantom (FTM) by using the given drop-down box. Enter the amount of Fantom (FTM) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.