Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Ferrum Network (FRM) is the 1263rd largest cryptocurrency by market cap, valued at US$4,212,163.
Ferrum Network is a highly volatile asset capable of major price swings in a single day. Today FRM is trading for $0.03639271 USD, which is lower than yesterday's trading price of $0.0369626669 USD. Over the past year, Ferrum Network's price has seen a decrease of -9%.
So before you buy Ferrum Network, make sure you understand these unique risks as well as its legal and tax status here in Canada.
If you're ready to get started, read on for step-by-step instructions on how you can buy Ferrum Network.
How to buy Ferrum Network in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Ferrum Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Ferrum Network
You can now exchange your funds for Ferrum Network. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Ferrum Network to your personal wallet.
Where to buy Ferrum Network in Canada
Find an exchange to buy, sell and trade FRM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Ferrum Network guide up-to-date
- FRM price data is regularly updated through data feeds so you always have the latest information.
- Ferrum Network performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Ferrum Network?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Ferrum Network?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Ferrum Network.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing FRM with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Ferrum Network?
Once you've created an account, you will need to deposit funds to buy FRM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy FRM:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase FRM by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for FRM on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Ferrum Network?
The easiest way to buy FRM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying FRM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Ferrum Network has been performing recently.
Best Ferrum Network wallets to store your FRM
You can keep your FRM on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your FRM below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Is Ferrum Network a good investment?
Any investment requires a complete review of the potential upsides and potential risks. Before investing in a cryptocurrency project, it is good practice to evaluate both the coin and the associated platform. Here are a few things to consider for FRM:- Cross-chain compatibility: Thanks to Ferrum’s cross-chain DAG module, it is possible for users to transfer any digital asset across a variety of blockchain ecosystems in a matter of seconds. This can be completed with virtually no fees. This capability makes Ferrum a solid contender in the interoperability race.
- Competition: There are several other projects and blockchains focused on the issues of interoperability. Direct competitors may take market share away from Ferrum.
- Unique dApps: The Ferrum Network provides users with a range of dApps such as the non-custodial UniFyre wallet that allows users to transfer value across the globe with the touch of a button. If the network continues to offer highly usable applications, this will encourage wider adoption of FRM.
- FRM vs FRMx: FRM is not the only token of the Ferrum ecosystem. FRMx is the staking governance token used for the flexible staking service. FRMx provides token holders with the eligibility to vote on development proposals and FRM staking processes.
Today's Ferrum Network price versus ATH
Compare today's price of Ferrum Network ($0.03639271 USD) against its all-time-high price of $0.969562 USD on 05 April 2021. The closer the bar is to 100%, the closer FRM is to reaching its ATH again.
Ferrum Network's price: $0.03639271
ATH date: April 05, 2021
ATH date: April 05, 2021
3.75%
Ferrum Network ATH: $0.969562
How to trade, convert or sell Ferrum Network
You can convert or sell your FRM with the same exchange you bought it through:- Sign in to the exchange you have FRM on.
- If you store your Ferrum Network in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of FRM you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Ferrum Network.
- Complete your transaction and move your FRM to a wallet for storage.
Disclaimer: Cryptocurrencies, including Ferrum Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FRM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Ferrum Network or any other cryptocurrency discussed.
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