How to Buy Factom (FCT) in Anguilla

A Step-by-Step-Guide on how to buy Factom (FCT) in Anguilla

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your first 10 Dollar.

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Factom (FCT) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find {Factom (FCT)|(FCT) Factom}

As soon as your deposit has been confirmed, you will directly have access to your assets and you can start buying and trading. To invest in {Factom (FCT)|(FCT) Factom} on Binance, you will want to go to the ”Exchange” tab and click on “Basic”.

To find {Factom (FCT)|(FCT) Factom}, you will need to put the shortname of the coin (FCT) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “FCT/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Factom (FCT)
Step 4 – Buy {Factom (FCT)|(FCT) Factom}

As soon as you have located {Factom (FCT)|(FCT) Factom}, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price {Factom (FCT)|(FCT) Factom} was traded for. You can change this to your favoured rate. The ”Amount” field is the amount of FCT you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole amount of FCT.

When you are happy, click on “Buy FCT”. Your plan will be filled when a Seller trades their FCT for the price you submitted.

Step 5 – Withdraw {Factom (FCT)|(FCT) Factom}

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. To take off your {Factom (FCT)|(FCT) Factom}, go to the ”Funds” tab and click on “Withdraw”. {Factom (FCT)|(FCT) Factom} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Factom (FCT)|(FCT) Factom} by using the given drop-down box. Drop in the volumen of {Factom (FCT)|(FCT) Factom} you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and stored Factom (FCT) in Anguilla.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {Factom (FCT)|(FCT) Factom} is safe within your wallet, you're finished.

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