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How to buy FLEX Coin (FLEX)

Learn how to buy FLEX Coin (FLEX) in our step-by-step guide.

Where to buy FLEX Coin

It looks like FLEX may not be available to purchase on an exchange in the US.

You can still purchase FLEX 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 FLEX using a decentralized exchange.
  1. Find FLEX on a decentralized exchange and make sure FLEX Coin 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 FLEX using an exchange like Gemini. You will need to purchase enough ETH to swap for FLEX 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 FLEX 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 FLEX 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 FLEX Coin wallets to store your FLEX

You can keep your FLEX 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 FLEX below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is FLEX Coin a good investment?

Every altcoin investment should be thoroughly researched. Both the token and the associated platform or project should be evaluated to look for potential upsides and downside risks. Here are a few factors to consider before investing in FLEX:

  • AMM+: The developers believe that its AMM+ platform offers several advantages over competitors, such as Uniswap. These advantages include the ability to access derivative trading, lower taker fees, faster order books, more capital efficiency, and the ability to deposit trading collateral in any asset.
  • Backers: CoinFLEX is backed by notable companies and public figures in crypto, including Polychain Capital, Dragonfly Capital, Roger Ver, Doug Polk, and Mike Komaransky. A well-established collection of partnerships, companies and supporters backing the project is usually an encouraging sign for future development.
  • Staking: Users can stake FLEX for different lengths of time ranging from two weeks to four years. Staking rewards are generated by collecting 10% of the exchange’s revenue and 10% of quarterly profits. The longer the staking period chosen by FLEX holders, the bigger the reward. Note: staking FLEX requires locking the assets in the FLEXDAO. They can only be retrieved once the staking period concludes.
  • Tokenomics: FLEX has a maximum supply of 100 million tokens. 10% of the protocol’s profits and 10% of the overall revenue is allocated to buying and burning FLEX tokens. This will place deflationary pressure on the token supply over time. At the time of writing, the maximum supply has already reduced to 98.7 million.
  • Security: Most of CoinFLEX’s infrastructure is built on, or being migrated to, the SmartBCH sidechain. The SmartBCH sidechain leverages the security of the Bitcoin Cash network, which means all transactions executed on CoinFLEX should remain secure. While the Bitcoin Cash blockchain has arguably withstood the test of time and should ensure stable security, SmartBCH is a relatively recent layer-2 deployment that still needs to be tested thoroughly. Any disruptions to SmartBCH will have a direct impact on CoinFLEX’s operability.
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Today's FLEX Coin price versus ATH

Compare today's price of FLEX Coin ($2.89 USD) against its all-time high (ATH) price of $7.56 on December 22, 2021. The closer the bar is to 100%, the closer FLEX is to reaching its ATH again.

Current price: $2.89
All time high: $7.56
38%
61%
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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