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How to buy Ferrum Network (FRM) in the US
Learn how to buy Ferrum Network (FRM) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy Ferrum Network
It looks like FRM may not be available to purchase on an exchange in the US.
You can still purchase FRM by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase FRM using a decentralized exchange.
- Find FRM on a decentralized exchange and make sure Ferrum Network can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for FRM using an exchange like Gemini. You will need to purchase enough ETH to swap for FRM as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for FRM on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the FRM tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
What to consider when buying Ferrum NetworkAny 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.
How to sell Ferrum Network
You can cash out 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 sell it on.
- Place a sell order.
Choose the amount of FRM you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Ferrum Network.
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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