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 Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Fantom (FTM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just 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 Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Fantom (FTM) As soon as your deposit has been approved, you will now have access to your assets and you can start buying and trading. To invest in Fantom (FTM) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to discover Fantom (FTM), you will need to insert the shortname of the coin (FTM) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this also. Click on “FTM/BTC” to continue.
Step 4 – Purchasing Fantom (FTM) Once you have discovered Fantom (FTM), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The ”Price” field will be automatically filled with the up-to-date tariff Fantom (FTM) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of FTM you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of FTM. If you're glad, click on “Buy FTM”. Your order will be filled as soon as a Vender sells their FTM for the price you gave.
Step 5 – Withdraw Fantom (FTM) Unless you're trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. In order to withdraw your Fantom (FTM), go to the ”Funds” tab and click on “Withdraw”. Fantom (FTM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Fantom (FTM) by using the given drop-down box. Put into the volumen of Fantom (FTM) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click on “Submit”. You could be asked for email/phone verification before a withdrawal.