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How to buy Ferrum Network (FRM)

Learn how to buy Ferrum Network (FRM) in our step-by-step guide.

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.
  1. 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.
  2. 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.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. 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.
  5. Wait for the transaction to finalize and the FRM tokens will arrive in your wallet.
  6. 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.

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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not 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.

Additional information about Ferrum Network can be found using our FRM analysis tools.

Today's Ferrum Network price versus ATH

Compare today's price of Ferrum Network ($0.0216296 USD) against its all-time-high price of $2019-10-25T09:44:39.256Z USD on 01 January 1970. The closer the bar is to 100%, the closer FRM is to reaching its ATH again.

Ferrum Network's price: $0.0216296
ATH date: October 25, 2019
2.23%

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:
  1. Sign in to the exchange you have FRM on.
  2. If you store your Ferrum Network in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of FRM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Ferrum Network.
  6. 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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