How to Buy Factom (FCT) in Australia

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

Step 1 – Join Coinmama

You will first need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Factom (FCT) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

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

As soon as your deposit has been affirmed, you will directly have access to your funds and you can initiate buying and trading. To purchase {Factom (FCT)|(FCT) Factom} on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot {Factom (FCT)|(FCT) Factom}, you will need to put the short name of the asset (FCT) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted 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}

Once you've discovered {Factom (FCT)|(FCT) Factom}, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our Limit Order.

The ”Price” field will be automatically filled with the most up-to-date rate {Factom (FCT)|(FCT) Factom} was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of FCT you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of FCT.

If you're glad, make a mouse click on “Buy FCT”. Your order will be filled as soon as a Seller sells their FCT for the price you gave.

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

Unless you are regularly trading, never keep your coins on an Crypto Trader for an extensive time period. In order to withdraw your {Factom (FCT)|(FCT) Factom}, go to the ”Funds” tab and mouse click on “Withdraw”. {Factom (FCT)|(FCT) Factom} can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Factom (FCT)|(FCT) Factom} by using the provided drop-down box. Drop in the volumen of {Factom (FCT)|(FCT) Factom} you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and safed Factom (FCT) in Australia.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the {Factom (FCT)|(FCT) Factom} is stored inside your wallet, you're all done.

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