Detailed buying, selling and trading tutorial of FET coin (with pictures and text)

To purchase Fetch.ai's (FET) native cryptocurrency, users can select a reputable cryptocurrency exchange such as Binance, Coinbase, or Kraken, fund their account, and place a buy order for FET.

Sep 30, 2024 at 12:53 pm

FET Coin Buying, Selling, and Trading Tutorial

What is FET (Fetch.ai)?

Fetch.ai is a decentralized, open-source blockchain platform that aims to create an autonomous, decentralized economy for machines. The FET token is the native cryptocurrency of the Fetch.ai platform and is used to power all transactions and operations within the network.

Buying FET Coin

Step 1: Choose a Cryptocurrency Exchange

Select a reputable cryptocurrency exchange that supports FET, such as Binance, Coinbase, or Kraken.

Step 2: Fund Your Exchange Account

Deposit funds into your exchange account using a supported payment method, such as bank transfer, credit/debit card, or other cryptocurrencies.

Step 3: Place an Order

Navigate to the FET trading pair (e.g., FET/BTC, FET/USDT) and place a buy order. Specify the amount of FET you want to purchase, the order type (e.g., market order, limit order), and the price you want to pay.

Step 4: Execute the Order

Once your order is confirmed, it will get executed, and the FET coins will be credited to your exchange account.

Selling FET Coin

Step 1: Move FET to Exchange

If your FET coins are stored in a separate wallet, transfer them to your exchange account.

Step 2: Place a Sell Order

Navigate to the same FET trading pair (e.g., FET/BTC, FET/USDT) you used to buy. Place a sell order, specifying the amount of FET you want to sell and the price you want to sell it at.

Step 3: Execute the Order

Once your sell order is confirmed, it will get executed, and the proceeds from the sale will be credited to your exchange account.

Trading FET Coin

Step 1: Choose a Trading Platform

Select a cryptocurrency trading platform that supports FET, such as Binance, Coinbase Pro, or Kraken.

Step 2: Set Up Trading Account

Create a trading account and ensure it is funded with both FET and the base currency you plan to trade against (e.g., BTC, ETH).

Step 3: Place a Trade

Navigate to the FET trading pair and place a trade order. Choose the desired order type (e.g., market order, limit order, stop order) and specify the amount and price of the trade.

Step 4: Monitor and Close Trade

Once the trade is executed, monitor its performance. If needed, adjust the take-profit or stop-loss levels to manage risk and optimize profit. Close the trade when the desired target or risk level is reached.

Additional Tips

• Store your FET coins in a secure hardware or software wallet.
• Research market trends and news to make informed trading decisions.
• Set realistic profit targets and stop-loss levels to minimize losses.
• Consider using limit orders to trade at specific price points.
• Be aware of trading fees and exchange limitations when buying, selling, or trading FET.