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How to buy Firo (FIRO) in the US

Learn how to buy Firo (FIRO) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Firo
FIRO- USD
$4.45
- $0.32 ( - 6.70%)
PRIVACY

How to buy Firo

1. Compare crypto exchanges

The easiest way to buy Firo 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.

2. 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.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, advcash, swift and wire transfer payments are all widely accepted.

4. Buy Firo

You can now exchange your funds for Firo. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Firo to your personal wallet.

Where to buy Firo

Find an exchange to buy, sell and trade FIRO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

944
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

246
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Compare up to 4 providers

Steps on how to buy Firo

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Firo.

  1. Compare cryptocurrency exchanges that supports FIRO.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Firo.
  4. Buy Firo.
    Complete your Firo purchase and then find the best wallet to store FIRO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Firo

Even though the cryptocurrency market has birthed so many new millionaires making it lucrative for new investors, it is important to assess the risks before you allocate funds towards a certain token. Below are the aspects you need to consider before investing in Firo:
  • Roadmap: Firo has a clear, well-defined roadmap that updates its stakeholders on the progress of the protocol’s vision and the next steps that the team would execute to achieve the objectives of the protocol. This is indicative of the commitment and clarity of vision that the team has for the protocol’s objective.
  • Consensus algorithm: This protocol uses a proof-of-work (PoW) Chainlock consensus mechanism which is a complex governance and security model.
  • Mining: The mining algorithm used by Firo is the Merkle Tree Proof (MTP) algorithm, which is a proof of work (PoW) algorithm that depends on memory hardness to make it resistant to ASICs. The protocol will soon move to the FiroPoW, a ProgPoW variant that is made especially for GPU mining and is even more resistant to ASICs and FPGAs to further facilitate the fair distribution of the token.
  • 51% mining attacks: The PoW-Chainlock consensus algorithm that the protocol uses also mitigates against 51% mining attacks, as it would need more than half of the network to be affected to disable Chainlock before the 51% mining attack can be executed.
  • Anonymous cryptocurrency: As FIRO is a “truly anonymous” cryptocurrency, it can be perceived that it would promote illicit activities. But the protocol believes that the net good that the token’s impact has will far outweigh the bad, as there are already pre-existing methods for transacting funds for illicit activities.
  • Supply: The maximum supply of FIRO tokens is capped at 21.4 million tokens and it follows the same halving schedule as that of Bitcoin. The current block reward for mining a block in Firo is 12.5 tokens/block, out of which 50% goes to miners, 35% goes to masternodes and the remaining 15% goes to the development fund of the protocol.

How to sell Firo

You can cash out your FIRO with the same exchange you bought it through:

  1. Sign in to the exchange you have FIRO on.
    If you store your Firo in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of FIRO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Firo.

Disclaimer: Cryptocurrencies, including Firo, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FIRO 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 Firo or any other cryptocurrency discussed.

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