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 Funds to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Fantom (FTM) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Fantom (FTM) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can start buying and trading. To buy Fantom (FTM) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to discover Fantom (FTM), you'll need to put the shortname of the coin (FTM) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “FTM/BTC” to continue.
Step 4 – Purchasing Fantom (FTM) As soon as you've discovered Fantom (FTM), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Fantom (FTM) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of FTM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of FTM. When you're happy, make a mouse click on “Buy FTM”. Your plan will be filled as soon as a Vendor trades their FTM for the price you introduced.
Step 5 – Withdraw Fantom (FTM) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. In order to take off your Fantom (FTM), hover over the tab called “Funds” and click on “Withdraw”. Fantom (FTM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Fantom (FTM) by using the provided drop-down box. Enter the quantity of Fantom (FTM) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.