In this guide we show you how to buy FTX. We walk you through the process of buying the token for the first time, and also explain what to do if you already have a wallet. Please note that this guide is for information purposes only and should not be seen as any kind of investment advice.
How to Buy FTX – Step By Step Guide
Using FTX Token is a great way to support the platform. By buying FTX Token and holding it, you can enjoy reduced fees on FTX.com for all your trades. You can also do leveraged token mining with FTX Token, earning more tokens for every trade you make.
Step 1: Open an account with a bitcoin exchange
By registering with a cryptocurrency exchange, you will be able to purchase, sell, and hold cryptocurrency. It is typically recommended that customers utilise an exchange that allows them to withdraw their cryptocurrency to their own personal wallet for safekeeping.
Step 2: Get Your Crypto Wallet Ready
Then you must ensure that you have a safe crypto wallet in which to keep your FTX. The wallet will also produce your crypto address, which you may share with others in order for them to send you payments.
Step 3: Purchase Bitcoin or Ethereum
The most common way to purchase FTX is using Bitcoin or Ether (the digital currency used by the Ethereum blockchain). Bitcoin is by far the most popular, but if you don’t already have some, you’ll need to purchase some before you can purchase any altcoins. To do so, utilize a real-money exchange such as Coinbase to acquire Bitcoin or Ether (USD or EUR). Then, using your Coinbase wallet, send your newly bought BTC or ETH to an exchange such as Binance or Changelly.
Step 4: Use your Bitcoin to buy FTX
Transfer your BTCorEther to your wallet, or purchase FTX immediately if it is available on the same exchange. That’s all there is to it; you now own FTX Crypto.
Step 5: Deposit your FTX into a hardware wallet (optional)
Finally, to withdraw your FTX Crypto, navigate to Funds -> Withdrawals and input the quantity of FTX Coin you want to withdraw, as well as the address of your FTX Coin wallet or any other hardware wallet for further security.
