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How to buy Gains Farm (GFARM2)

Learn how to buy Gains Farm (GFARM2) in our step-by-step guide.

Where to buy Gains Farm

It looks like GFARM2 may not be available to purchase on an exchange in the US.

You can still purchase GFARM2 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 GFARM2 using a decentralized exchange.
  1. Find GFARM2 on a decentralized exchange and make sure Gains Farm 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 GFARM2 using an exchange like Gemini. You will need to purchase enough ETH to swap for GFARM2 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 GFARM2 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 GFARM2 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 Gains Farm wallets to store your GFARM2

You can keep your GFARM2 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 GFARM2 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 Gains Farm a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. It is extremely important to remember that GFARM2 is a legacy token and, therefore, the relationship between GFARM2 and the new utility token ecosystem needs to be thoroughly understood. Those that are considering GFARM2 as an investment should consider the following factors:

  • Migration from GFARM2 to GNS: GFARM2 is no longer the utility token of the Gains Network and the gTrade application. All GFARM2 tokens must be migrated to the new utility token, GNS. This can be completed at any time and is completed at a ratio of 1:1000. For every 1 GFARM2 token, users will receive 1000 GNS tokens.
  • Reliance on Quickswap: The trading within gTrade is reliant on a GNS/DAI liquidity pool, hosted by Quickswap, and an internal DAI trading vault. It is the combination of both that allows traders to access 150x leverage for crypto pairs and 1000x for forex pairs. Although the mechanisms allow for extremely high leverage, the protocol is heavily reliant on the operability of the Quickswap decentralized exchange. It also opens up a potential vulnerability beyond the security features controlled by gTrade.
  • Prospect of future applications: The Gains Network is marketed as a growing ecosystem that may one day include other applications such as gTrade. The protocol’s documentation states that the new GNS token will be critical to all products created by the ecosystem, which means investors of GFARM2 (and by association GNS) should pay close attention to new applications developed within the Gains Network.
  • Security: The Gains Network and gTrade have had smart contracts audited by CertiK four times which will help to provide comfort to both users and investors of GFARM2 (GNS). The application also claims that traders have protection against separate exchange price manipulations thanks to the integration of the Chainlink data oracle.
  • NFT integration: The Gains Network and gTrade have implemented NFT utility. A total of 1500 NFTs were sold to community members that offer users key benefits within the gTrade application. NFTs are split into five categories including Bronze, Silver, Gold, Platinum, Diamond. Moving from Bronze to Diamond each NFT entitles the holder to reduced spreads and higher liquidity provider rewards.
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Today's Gains Farm price versus ATH

Compare today's price of Gains Farm ($9,271.24 USD) against its all-time high (ATH) price of $11,444.33 on February 17, 2023. The closer the bar is to 100%, the closer GFARM2 is to reaching its ATH again.

Current price: $9,271.24
All time high: $11,444.33
81%
18%

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Bitcoin

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Ethereum

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$1,789.55

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Tether

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$1.00

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  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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