If you have any interest to buy fantomGO (FTG), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of fantomGO (FTG).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Kucoin
Let us now purchase fantomGO (FTG) using your investment from Binance.
However, not every crypto can be traded in Binance we need to transfer our coins to an exchange that fantomGO (FTG) can be traded.
So I show you how to on KuCoin which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as we’ve done before with Binance we are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades fantomGO (FTG), you will need to transfer your BTC from Binance to that specific exchange.
You will have to so this via a wallet system. Then, deposit BTC to kucoin, just move your cursor to “Assets” from the top right menu and click “Main Account (Deposit & Withdraw)” look for the search box, type “BTC” and click deposit button and copy the given “Deposit Address”.
This part may be a bit difficult to do but don’t worry, it is easier than a bank transfer. After you have copied your unique BTC wallet address go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
You need to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next you need to click on the Submit button to begin with the withdrawal process. To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all you need to do, then wait for a few seconds while so that the blockchain to confirm your transaction.
Step 5: Trading fantomGO (FTG)
Now you are free to go back to Bitmax to buy fantomGO (FTG) with the Bitcoins you sent.
Move the mouse over to trading and then click standard under cash trading. Then, in the left column make sure to select “BTC” pair and in the search bar type in “FTG”.
If you have moved your coin click on it and now you will see a price table of FTG/BTC at the center of the page. Select the “Market” tab as that is the most straight-forward type of buying orders.
Also you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy FTG”. Now you own your FTG!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever fantomGO gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store fantomGO securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your fantomGO for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy fantomGO with cash?
The answer is No. Because there is no way you can directly buy fantomGO with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy fantomGO while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase fantomGO or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
fantomGO is a community-driven ecosystem builder designed to accelerate the Fantom ecosystem. Through building a suite of products and initiatives, fantomGO aims to help innovators build, launch and scale their ideas today.
The first product is a decentralized fundraising platform (launchpad) that allows the core community to participate and support early-stage projects building on fantom, giving projects an effective way to kick start activity from engaged network participants.
fantomGO: Accelerating the Fantom Ecosystem
fantomGO & Crypto Banter’s AMA Recap: Learn about the team focused on building the future of Fantom’s ecosystem
Introducing Our Participate To Earn Program: Details of How To Access fantomGO Tokens
fantomGO & CryptoDaku AMA Recap: A Deeper Look Into fantomGO
Introduction to Participate-To-Earn (PTE) Model
Introducing The Founders Behind fantomGO
An Insight Into fantomGO: A Community Focused Product
Unveiling The Tokenomics
fantomGO is building a suite of products and initiatives and aims to act as a springboard for Fantom. To get more of an insight, you can read more about the project here.
The first product amongst the fantomGO suite of products, will be the fantomGO Platform, a decentralized fundraising platform which aims to align a community of users and connect them with projects that will move the overall Fantom ecosystem forward. With that in mind, a community first product, the tokenomics have been designed to reflect that.
fantomGO has a total token supply of 1B FTG, with a distribution as follows:
Total Supply: 1B
Liquidity Provisioning: 30M
Advisors and Partners: 50M
Ecosystem and Participate-To-Earn Program: 250M
Sale In Aggregate: 400M
The rate at which tokens are released can impact the market. The distribution of FTG was designed to best align distributions with milestones that can create functional demand for FTG.
Foundation: 6-month cliff, then a daily release for 24-months
Team: 6-month cliff, then a daily release for 24-months
Advisors and Partners: 6-month cliff, then a daily release for 12-months
Development: 3-month cliff, then a daily release for 15-months
Ecosystem and Participate-To-Earn Programs: 1-week cliff, then a daily release for 12-months
Liquidity: 100% locked for 12-months
Seed Investors: 160M FTG sold at $0.003 with a vesting of 7.5% initial release, 2-month cliff, then daily release for 12-months
Private Investors: 240M FTG sold at $0.0055 with a vesting of 10.0% initial release, 2-month cliff, then daily release for 12-months
The largest distribution of tokens that will hit the market, will be the community driven incentives announced over time. The vesting will ensure there is an alignment of participants with the long-term nature of the project, whilst ensuring it’s engaging to benefit the community.
Initial Market Capitalization: $198K
Listing Price: $0.0055
We will be working on migrating projects over to FTM, we believe FTM is going to outpace other cryptocurrencies. As when we wrote our litepaper fantom’sTVL went from 300M to about 6 billion, so we must be on the right track.
It was Lachesis Fantom’s aBFT consensus algorithm that attracted us to FTM. Compared to Classical and Nakamoto consensus, Lachesis is a faster, more scalable, and more secure choice.
Developers can use Lachesis to build peer-to-peer applications without having to create their own networking layer.
The Problem: An investor buys the launchpad token, then gains access to the project’s token in the form of allocations, and the exchange ends (just like your traditional standalone framework in most launchpads). This doesn’t translate well into the crypto space during the bear market. They can’t sustain themselves. Eventually, holders leave the platform or sell all the platform tokens to cut a loss.
Solution: fantomGO is an innovative and forward-looking community-driven multi-product suite that is built on Fantom and the model: participate-to-earn where the community is designed to provide sustainable growth by doing meaningful tasks based on the skill sets of various developers, designers, and crypto enthusiasts.