Cryptocurrencies

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How to buy Flare coins

For maximum security when acquiring Flare coins (FLR), consider utilizing non-custodial (private key) wallets such as MetaMask or Ledger Nano X.

Nov 14, 2024 at 09:21 pm

Step 1: Acquire a Cryptocurrency Wallet

Create a cryptocurrency wallet that supports Flare coins (FLR). Non-custodial (private key) wallets like MetaMask, Trust Wallet, or Ledger Nano X are recommended for security reasons.
If opting for a custodial wallet like Binance or Coinbase, keep in mind that you won't have complete control over your private keys.

Step 2: Register for the XRP Ledger Account

Flare coins are distributed to XRP holders at a ratio of 1:1.
Go to the Flare Networks website and verify your XRP balance on the XRP Ledger.
To verify, enter your XRP Address (similar to a wallet address) and select "Sign and Verify" to electronically sign the message with your XRPL private key. This proves ownership of the address without revealing the private key.

Step 3: Claim Your FLR Tokens

After verification, use your verified XRP address to claim your FLR tokens.
Go to the Flare website, click "Claim FLR," and follow the instructions.
You will need to pay a small XRP fee to cover transaction costs.

Step 4: Purchase Flare Networks on an Exchange

Several exchanges currently list FLR, including Bittrex, Bitrue, and OKX.
Create an account with an exchange that supports FLR trading.
Verify your identity and fund your account using a supported payment method (e.g., fiat currency, credit card, cryptocurrency transfer).
Place a buy order for FLR, specifying the amount and price you're willing to pay.
Complete the purchase, and the FLR tokens will be credited to your exchange account.

Step 5: Transfer FLR Tokens to Your Wallet

Withdraw your FLR tokens from the exchange to your private wallet for safekeeping.
Go to the exchange's withdrawal page and select FLR.
Enter the address of your wallet and the amount you want to withdraw.
Complete the withdrawal, and your FLR tokens will be transferred to your wallet.

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