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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange 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. Fantom (FTM) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Fantom (FTM) As soon as your deposit has been verified, you will now have access to your finances and you can initiate invest and trading. To purchase Fantom (FTM) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Fantom (FTM), you'll need to insert the shortname of the coin (FTM) into the search box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have marked this also. Click on “FTM/BTC” to progress.
Step 4 – Purchase Fantom (FTM) As soon as you have found Fantom (FTM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Fantom (FTM) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of FTM you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of FTM. If you are satisfied, make a mouse click on “Buy FTM”. Your plan will be filled as soon as a Vendor sells their FTM for the price you offered.
Step 5 – Withdraw Fantom (FTM) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. To take off your Fantom (FTM), hover over the ”Funds” tab and mouse click on “Withdraw”. Fantom (FTM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Fantom (FTM) by using the provided drop-down box. Enter the quantity of Fantom (FTM) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.