How to buy FOXT tokens?
The purpose of this article is to guide anyone interested in buying FOXT tokens, 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.) until the final step, the FOXT deposit on the platform. 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, Changelly or Cex. To open an account with any of these platforms, it is very simple, it will only take you a few minutes.
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 two exchanges available, Hotbit and Mercatox.
- Hotbit allows you to buy FOXT with Ethereums.
- Mercatoxallows you to buy FOXT with both, Ethereums and Bitcoins.
As we are going to use Hotbit for this demonstration, we are buying 100 € of Ethereums, which at the time of writing this article equals 0.22275881 ETH.
Step 3 Buy your FOXT tokens
3.1 Transfer your BTC/ETH to an Exchange
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 an Exchange where you can use them to buy FOXT.
We’ll take Hotbit for the example, but the procedure would be similar for Mercatox.
Open an account into the Exchange platform.
On his main page clink on Fund and then, Deposits and Withdrawals.
Now, to understand this step it is good to think about what we are doing, we want to send our ETH to Hotbit, the way to do it will be copying your ETH Deposit Address, like the one shown in the picture above and pasting it to Coinbase sendings, it is like giving your address to someone who has to send you something. In this case, we are giving Coinbase our Hotbit address to send there our ETH.
Once you have your Hotbit 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 be open(Remember you can do the same for Bitcoins in Mercatox).
Paste your Hotbit address Recipient, decide the amount that you want to send and press continue.
3.2 Purchase FOXT
In Hotbit, search for FOXT Tokens, and you’ll get the option to buy them. At the example below, there is a 600 FOXT order. Be aware that you are free to decide the price and amount that you are buying.
At the right of your screen, in red colour, the prices and amount that is been selling by other users, in green, it is showed 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.
Step 4 Deposit your FOXT tokens on the platform
This last step will be clarified on the platform release which will take place on his Beta version this Q4 2018.