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How to Buy Floki Inu – A Step-by-Step Guide

How to Buy Floki Inu - A Step-by-Step Guide

Floki Inu has not been around for much, however, it has gained enormous attention. Until today, more than 175,000 holders (HODL) have been accumulated. This is a big achievement by this crypto project considering that Bitcoin, the biggest cryptocurrency there is, needed some years to rack up this many holders. 

Unlike other meme-coins, Floki Inu has achieved a lot by working with important causes like the Million Gardens Movement. This movement was Co-Founded by the brother of Elon Musk, Kimbal Musk. That being said, the involvement of Kimbal Musk has served as a marketing bonus for this crypto project, making it more reliable to the eyes of investors.

This meme-coin is one of the few that has provided bridges between the Ethereum blockchain and the Binance Smart Chain (BSC) – making it available in Uniswap and PancakeSwap simultaneously. This has increased the exposure this token has. 

But how do we buy this token? Can I buy it in Binance, Kraken, or Coinbase? Down below, we will do our best to explain the steps you should take to buy Floki Inu in detail.

How to Buy Floki Inu in Decentralized Exchanges?

Step 1: Install the Metamask Browser Extension

The first thing to do when buying Floki Inu through a decentralized exchange is to find a non-custodial wallet that is supported by decentralized exchanges. We suggest you use Metamask because it is very credible and widely accepted. Go to the Metamask Download website, choose your browser and download it.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Metamask

Step 2: Create a Metamask Wallet

After implementing the Metamask Wallet in your browser, you should create a Metamask Wallet. 

1st Step: Import an existing wallet or create a new one

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Metamask

2nd Step: Write down your Secret Recovery Phrase and set up a Password

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Metamask

Step 3: Buy ETH/BNB on a Centralized Exchange

Buying through a decentralized exchange requires you to own some Ethereum or Binance Coin to be used as a payment medium. You can buy one of these two cryptocurrencies in most major centralized exchanges like Binance and Coinbase. After buying them, simply withdraw them to your Metamask wallet address and you are good to go.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Binance

Step 5: Swap Your ETH/BNB for FLOKI

Now that you have funded your Metamask wallet, go to the decentralized exchange of your choice and connect your wallet. We recommend you either use Uniswap or Pancakeswap. After connecting your wallet, choose Ethereum or Binance Coin as the payment currency and FLOKI as the currency you want to receive. Afterward, you should have the amount of FLOKI you purchased in your Metamask wallet.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: PancakeSwap

How to Buy Floki Inu in Centralized Exchanges?

Step 1: Create an Exchange Account

Buying Floki Inu through a centralized exchange is easier than through a decentralized exchange. To buy Floki Inu this way, you have to create an exchange account. At the time of writing, Floki Inu can be bought in these centralized exchanges: Gate.io, Poloniex, HotBit, MEXC, ZT Exchange, AOFEX, and Txbit. We recommend you use Gate.io or Poloniex to buy this token. To open an account on Poloniex, simply go to the official Poloniex website, click on Sign Up, and proceed with following their instructions.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Poloniex

Step 2: Verify Your Account

Verifying your account is not necessary since you can do unlimited trades even without verification. However, if you want to withdraw more than $10,000 per day then you have to verify your identity and reach Verification Level 2. To do so, you have to enter residential information, legal full name, birthday, and phone number.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Poloniex

Step 3: Choose a Payment Method to Fund Your Account

Now that you are done with the first steps, it is time you fund your account. Poloniex made this easy by providing an option to buy crypto using fiat. All you have to do is locate the “Buy Crypto” tab and click on it. Afterward, simply choose the fiat currency you will be using and select the cryptocurrency you want to obtain, and proceed with the transaction. We highly suggest you buy USD Tether.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Poloniex

Step 4: Buy FLOKI

After opening an account and funding it, all that is left is buying the tokens. To wrap it up, locate the “Markets” tab and select the “Spot” option. Now, search for a market pair that includes USDT and FLOKI. The market pair should look like this FLOKI/USDT. Simply enter the amount of Floki Inu you are interested in and finalize the transaction.

Floki Inu vs. Shiba Inu - Differences and Similarities
Source: Poloniex

 

Also Read: Floki Inu (FLOKI) Price Prediction 2021 and Beyond – Will Floki Eventually Reach $1?

Takeaways

  • Floki Inu is a very young token and has been growing rapidly throughout the previous weeks.
  • You can buy Floki Inu either through centralized exchanges or decentralized exchanges.
  • When it comes to decentralized exchanges, you can buy Floki Inu in PancakeSwap and Uniswap.
  • On the other hand, you can find Floki Inu listed in centralized exchanges such as Poloniex, Gate.io, ZT Exchange, HotBit, and many others.
  • All in all, buying Floki Inu is easier today than it was when it first joined the market.

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