If you have any interest to buy FomoETH (FomoETH), 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 FomoETH (FomoETH).
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: Create a Metamask Account
Open https://metamask.io website or search for “Metamask extension” in your favorite browser (you can install Metamask for Chrome, Firefox and Opera browsers).
We will show you how to install MetaMask extension for Chrome.
Click Add to Chrome to install MetaMask as Google Chrome extension.
Click Add Extension.
You have successfully installed MetaMask extension. That was easy, isn’t it? Now, it is time to add your existing cryptocurrency wallet.
If you don’t have a wallet yet, you can create one straight away.
When the extension is installed, click on the icon in the upper right corner to open the MetaMask, read and accept the terms.
Create a strong password and click Create.
You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! You have successfully created an account in MetaMask with a new wallet address!
Now you can view your address on Etherscan (Ethereum blockchain explorer), check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Connecting MetaMask to Binance Smart Chain
We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice one things: the network has automatically been set to the one you just entered.
Step 5: Deposit BNB to your MetaMask wallet
Hover over the account name at the top of the window, which will display “Copy to clipboard”
Click on the account name to copy your address
Paste your address in the “recipient” field in the application where you are sending your BNB or tokens from.
Select the amount you want to send, along with any other necessary steps to complete and submit the transaction and make sure to select transfer network “Binance Smart Chain (BSC) BEP20(BSC)”.
Note: Please consult with the organization of the application you are using for information on how to transfer your BNB/tokens.
Step:6 How to Make Your First Trade on Pancakeswap
First head over to the Pancakeswap exchange platform.
On the top right, click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
We’ll log in with a MetaMask wallet.
Once logged in, the trading interface will appear.
In the top field, select the token you wish to exchange for the token you want. We’ll select BNB. In the bottom field, search for the token you wish to purchase, or select it from the drop-down menu, in this case (FomoETH).
Now you’re ready to set up your order. You can either choose how much you want to spend by entering a number in the top field, or choose how much to buy by entering a number in the bottom one.
At the bottom of the order menu, you’ll then see how much you can expect to receive.
If you’re happy with these figures, click the ‘Swap’ button.
Your wallet click will then prompt you to confirm the trade, and potentially adjust the fees to a number that works best for you.
When you’re ready, confirm the transaction and it will then be processed. Once it’s done, your tokens will appear in your ERC20 wallet.
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 FomoETH 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 FomoETH 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 FomoETH 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 FomoETH with cash?
The answer is No. Because there is no way you can directly buy FomoETH 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 FomoETH 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 FomoETH 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.
What Is FomoETH (FomoETH)?
FomoETH is a revolutionary and community-driven blockchain ecosystem focused on Reward Distribution and NFT Technology.
FomoETH was born from a redistributive philosophy that aimed to reward holders for their loyalty to a token and projects. It is primarily configured to redistribute wealth and ownership to the FomoETH community through the FomoETH token and their flagship project, NFTagram.
The FomoETH network was forked from the Ethereum and Binance Smart Chain in order to build an intertwined digital economy that is owned and governed by its participants while providing guaranteed dividends to token holders. FomoETH token is the core of the FomoETH ecosystem and supports all the projects inside the ecosystem, functioning as a payment method as well as a long-term reserve asset.
Formulated around a unique structure exclusive to the FomoETH ecosystem, the blockchain technology accrues transactional fees, calculates the reward percentages, before automatically dispersing the ETH directly to the FomoETH holding Wallets. Assuming the FomoETH transaction volume is continuous, holders should benefit from the incremental ETH payments up until they decide to liquidate the token.
How Many FomoETH tokens Are There in Circulation?
FomoETH tokens have a total supply of 1 trillion tokens each on BEP20 and ERC20, so a total of 2 trillion will be bridged through Anyswap.
The largest recipients of token distribution will be the public presale and liquidity pool. Necessitating a majority of the token flow, the presale, and liquidity are necessary to facilitate platform growth. Just 12% of FomoETH tokens will be set aside for the project team to help bootstrap the FomoETH network and ensure a diverse and accessible community over the coming years. The remaining number will be allocated to other areas of infrastructure and FomoETH schemes to keep the ecosystem projects afloat.
Initial Token Distribution:
- Public Presale: 43.19%
- Liquidity: 21.38% (Locked on Pinksale Platform)
- Project Team: 12% (Locked and vested on Pinksale Platform)
- Bonus fund: 10% (Locked and vested on Pinksale Platform)
- Partners and Advisors: 6% (Locked and vested on Pinksale Platform)
- Marketing and Exchange Listing: 5% (Locked and vested on Pinksale Platform)
- Bounties: 2% (Unlocked for airdrop and other events)
- Pinksale Fee
Who Are the Founders of FomoETH?
FomoETH is collectively powered by a devoted roster of industry experts with skin in the game and a burning passion for the decentralized philosophy. Combining industry know-how, technological ability, and a proven track record in fields such as finance and marketing, FomoETH is founded on one of the most capable team units in the crypto sphere.
The FomoETH team can be segmented into two working bodies. The main team consists of lead developers, digital marketers, blockchain specialists, community managers, and designers. Another team is much smaller but no less important, made up of FomoETH’s investors and advisors.
The core team members are based in the Philippines.
What Makes FomoETH Unique?
What makes FomoETH singular in its ability to generate value, is that it’s the first auto-reflection token to operate on both Ethereum and the Binance Smart Chain Network, primarily configured to redistribute wealth and ownership to the FomoETH community through the FomoETH token and our flagship project, NFTagram.
FomoETH is a low-inflation and low-circulating-supply asset that is used by validators, developers, and users to participate in the network and earn rewards, as well as to transfer fees, serve as collateral for other tokens, and participate in future protocol governance.
FomoETH token is the core of the FomoETH ecosystem and supports all the projects inside the ecosystem.
The FomoETH token dynamics propagate on-chain transactional fees by assigning the accumulated funds to token holders based on their current wallet holdings.
NFTagram seeks to consolidate the social dynamics of Instagram with the current wave of NFT projects that are forced to debut on non-interactive platforms like OpenSea. Understanding the correlation between personalisation and popularity amongst digital platforms was one of the key philosophies behind NFTagram, and how it can be used to promote organic growth. Blending this with a burgeoning market based on revolutionary NFT technology, and the project becomes a guaranteed home run.
With NFTagram, users are encouraged to mint personalised insights into their lives that can be both commodified and socialised. Given the iconography generated by Instagram throughout the 2010s, NFTagram will fuel interest in niche and mainstream posts by granting users the chance to profit and own digital moments in real time. Listings will have the potential to capitalise from the virality that has befallen thousands of Instagram posts and reels in recent years, adding a completely new dynamic to both the social media market and the NFT market. Blending community and arbitrage may become the underpinning combination for all future social media and NFT platforms.
The NFTagram app is currently under construction and is expected to launch next year as the opening project on the FomoETH ecosystem. You can track the rollout through the FomoETH website and social media accounts.
Read about non-fungible tokens (NFTs) with CoinMarketCap Alexandria.
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How Is the FomoETH Network Secured?
As an Ethereum-based ERC-20 token, FomoETH is secured by the proof-of-stake (PoS) consensus mechanism. Unlike the proof-of-work (PoW) consensus utilized by Bitocin, PoS relies on the amount of staked tokens for selecting node validators.
Beyond trusting the validity of its USD peg, any security issues related to those which affect all ERC-20 standard tokens. Transactions, for example, can suffer from abnormally high fees if gas prices on the Ethereum blockchain spike.
FomoETH’s decision to implement KYC was predicated upon a series of circumstances, ranging from regulations to on-chain platform preferences. The ethical nature of KYC will always be up for debate, however, FomoETH understands its place in the crypto sphere for the foreseeable future, in order to maintain a secure and user-friendly experience.
FomoETH’s KYC is conducted by Veriff, a global identity verification company offering services to online businesses to mitigate fraud attempts and assist in regulatory compliance.
FomoETH’s contract code has been audited by CertiK, the industry No.1 contract audit and crypto security company, and InterFi Network, a professional and easy-to-understand smart contract security audit company that has audited more than 500,000 solidity code-lines on Binance, Ethereum, Polygon, and Solana Smart Chains.
Where Can You Buy FomoETH (FomoETH)?
FomoETH BEP20 token is already launched and is available to buy on PancakeSwap.
FomoETH is going to partner with other Centeral Exchanges soon.