How to buy FOXT tokens on Mercatox?
The purpose of this article is to guide anyone interested in buying FOXT tokens on Mercatox, as many people have approached us interested in the project but did not know where and how they could buy them.
The whole process will be explained from the beginning, when you have your own FIAT currency (USD, EUR, GBP, etc.) and want to buy FOXT. In case you already own Ethereum or Bitcoins go directly to step 3. Each one of these steps will be well clarified and illustrated. If you get lost or have any doubt, do not hesitate to contact us.
Step 1 Open an account to exchange your money to Cryptocurrency
Easy and quickstep, we have to open an account on a platform such as Coinbase or Uphold. Those platforms are the places where you will be able to exchange your money to cryptocurrencies. To buy FOXT, we are going to need Bitcoins or Ethereums. One of the most popular platforms is the already mentioned, Coinbase, this will be the one used for our guide, although there are other good options like Uphold, Coinmama,
Step 2 Exchange your money to cryptocurrency
Coinbase, in his main page shown here below, you will see the Buy/Sell button, which allows you to buy the cryptocurrency with your money.
Notice that if you already own Bitcoins or Ethereums you do not need to follow this step, if it is the case, then go directly to the third step.
Once you are in, you’ll get the option to buy different Cryptocurrencies, be aware that the cryptocurrencies that will allow you to buy FOXT on the Crypto Exchange, are Bitcoin and Ethereum.
To buy FOXT, right now, there are three exchanges available, Hotbit,
Hotbitallows you to buy FOXT with Ethereums.
- Mercatox allows you to buy FOXT with both, Ethereums and Bitcoins.
- IDEX allows you to buy FOXT with Ethereums.
Step 3 Buy your FOXT tokens
3.1 Transfer your ETH/BTC to Mercatox
The second step is done, you already own your Bitcoins or Ethereums on Coinbase, now we are going to see how to send them to Mercatox, where you can use them to buy FOXT. Mercatox is, at the moment, the only exchange that allows you to buy FOXT with both, Bitcoin or Ethereum, for this demonstration we are buying with ETH but keep in mind that for BTC would be the same process.
First, you need to create an account at Mercatox. Once you have done that, you need to find the ETH wallet to send there the ETH that you have bought in Coinbase, to do it, click on My Wallet, on the left side of the panel.
Here you will find all your Cryptocurrencies wallets, as you can see Bitcoin and Ethereum are at the first places, click on Deposit at the ETH line.
The following window will pop up, wait a while and it will show your ETH wallet.
Now you have your ETH wallet. Copy it to paste it in Coinbase.
Once you have your Mercatox address copied, get back to Coinbase, click on Accounts, you’ll find your wallets for each cryptocurrency. If you look at the picture below you will see the ETH Wallet.
Click send in your ETH Wallet, and a window like the one below will appear.
Paste your Mercatox address, decide the ETH amount that you want to send and press continue.
3.2 Purchase FOXT
Get back to Mercatox, now that you have your ETH here you can buy FOXT, to do it, click on Trade in the menu above.
The At the example below, there is a 277 FOXT order. Be aware that you are free to decide the price and amount that you are buying.
As you can see below on the left side there are the sell orders and at the right the buying orders.
To get a quantity from someone who is selling, click on the price and it will appear on the buy FOXT square, the thing is that if you want to make a higher order than the amount sold, you’ll have to buy it from the next seller. You will also have the option to set a price and an amount and wait until the order fulfils.