How to Buy Floki Inu
Beginner's Guide to Buying Floki Inu in 2022
In our modern-day society, cryptocurrency is gradually becoming a larger phenomenon. While the entire world continues to debate crypto regulations and the introduction of several policies, the crypto market has continued to grow progressively. What started as an industry with only a few coins has grown to an industry with hundreds of individual assets. Digital innovation has led to multiple currencies with unique use cases. Notable among them is Floki Inu. In this piece, we’ll be looking at general information about Floki Inu, including how to buy it.
What is Floki Inu?
It’s no coincidence that Floki Inu shares a similar name to another popular token on the market – Shiba Inu (SHIB). Yes, it’s one of the meme-themed coins that were inspired by Shina Inu’s astronomical rise to success.
To the surprise of crypto enthusiasts and experts alike, dog-coins took over the crypto market in 2021. The widespread popularity of Dogecoin (DOGE) has prompted crypto developers to create various coins that are also dog-themed. They hoped to share in the success and fame of their successor. However, not all of these coins could attain the lofty heights of Shiba Inu.
One of the most popular dog-themed coins released in mid-2021 was Floki Inu. Since its launch, Floki Inu has been making waves and attracting large investors. This digital asset was inspired by Elon Musk, the billionaire CEO of renowned Electric car company Tesla. Floki Inu was created by a group of unknown developers who were fans and active members of the Shiba Inu community.
This token is powered by the Ethereum blockchain and Binance Smart Chain network. It has wild ambitions which it hopes to achieve. This digital asset also has a community known as Floki Vikings. Like in SHIB, an active and vibrant community can propel a digital asset to new heights.
The History of Floki Inu
The idea for Floki Inu’s creation was birthed on June 25, 2021. This idea came as a tweet from Elon Musk. According to his message, he was adopting a new Shiba Inu puppy and naming it Floki.
The entire crypto industry did not expect what came after this social media declaration by one of the world’s richest men. The team of developers responsible for this digital asset worked quickly to leverage Musk’s influence. On Sept 12, 22, Elon announced that his family had adopted a new puppy – Floki. By this time, the digital asset was already trading on the market.
When this digital asset was officially announced, it was revealed to be the only crypto-token registered partner of #DogeFather’s Millions Garden Movement. Floki aims to partner with this movement to end world hunger.
Within the first few months since its inception, the meme coin experienced a significant surge in price. While it was listed for just a cent, it rose by 250,000%. This digital asset has a massive supply of 10 trillion tokens. However, developers have burnt 50% of this total supply on the Ethereum and Binance Smart Chain. At the time of writing, Floki has a market cap of $281,140,919.
How Much is Floki Inu
According to information on Coinmarketcap, the current price of Floki Inu is $0.00002813.
There’s a lot of good news for Floki Inu enthusiasts. Numerous crypto experts have released positive projections for this digital asset. For instance, WalletInvestor suggests that the token price will get to $0.000112 after a year and $0.000397 in five years. Also, DigitalCoinPrice declares that the ticket will have a cost of $0.0000526 before the end of 2022.
What You Need to Buy Floki Inu
Many cryptocurrencies, such as Floki Inu, can only be purchased on decentralized exchanges by using another cryptocurrency entirely. To purchase Floki Inu, you will need to buy Ethereum (ETH) and use the ETH to facilitate the final purchase. You would also need a self-custody wallet to store your digital assets.
Quick Guide to Buying Floki Inu
So, how do you purchase your desired amount of Floki Inu? The following steps will teach you how to buy Floki Inu.
Decide Where to Buy
Different online platforms offer their users Floki purchases, such as eToro, Coinbase, etc. Each of these platforms is designed with special benefits and features for increased convenience for users. When you have finally decided on where you wish to buy your tokens, the next thing to do is download the platform and install it on your device.
This platform will also serve as a good place to store your dog-themed digital assets. Due to security reasons, you may prefer to opt for other storage options.
Verify Your Account
After downloading a platform to purchase your Floki Inu tokens, the next thing to do is register and verify your account. Often, you’ll be required to create a username and password to manage your account. After you input your details, you will be asked to verify your account. It’s important to complete this verification to secure your account and ensure that there is no unrestricted access by hackers and unscrupulous elements.
Make Your Purchase
Now, it’s time for you to make a purchase. The first thing the user is expected to do is to fund the decentralized exchange they intend to use in purchasing your tokens. Make sure to add the amount of money representing the equivalent value of Floki tokens they wish to purchase. Next, buy an equal amount of Ethereum. Then, you can exchange your Ethereum for whatever amount of Floki Inu that you’re interested in purchasing.
Think About Storage
While most decentralised exchanges allow you to store your tokens on them, it’s not a good idea. These types of exchanges get attacked by hackers all the time. So, the best way to keep your money safe is by opting for external storage. An external storage platform, such as TrustWallet, has more security policies to protect your valuable digital assets. However, you would also need to create a verified account on these storage platforms.
Best Places to Buy Floki Inu in 2022
Let’s say that you intend to purchase Floki Inu immediately. How would you go about that? What are the best options to help you buy the right amount of your tokens? Keep reading to find out.
In simple terms, eToro is a UK-based low-fee broker. Since its inception in 2007, this platform has gradually expanded its services around the home. On the platform, you will find more than 13 million users. This platform became renowned for processing crypto transactions without charging commission fees. The only cost set by this platform is the minimum spread on buys and sells.
eToro’s unique selling point is its social trading platform which is quite helpful to beginners. Through the provisions of this platform, new traders can easily copy the forecast and work of more experienced traders.
- Commission-free trading of shares
- eToro offers social trading and copy trading
- Multiple payment options
- Functional trading app
- Regulated by the ASIC, FCA, and CySEC
- Easy-to-use Graphic User Interface
- May be difficult to perform advanced technical analysis
Plus500 is also a UK-based exchange platform that was established in 2008. The actions and operations of this platform are regulated by top financial authorities, such as the Australian Securities and Investments Commission (ASIC) and UK’s Financial Conduct Authority (FCA). This platform has an easy-to-use and easy-to-navigate interface. The account opening process is also quite simple. What’s more? This platform supports up to 16 different cryptocurrencies.
- Easy to use platform with detailed Graphic User Interface
- Simple account opening process
- Responsive customer support teams
- Poor research tools
CoinMama is designed to let users purchase several types of cryptocurrencies using Cash. Yes, you will be able to pay for crypto directly with real money. This platform has about ten years of experience in supporting crypto-related transactions. However, it charges reasonably high fees on each transaction. This platform is renowned for the various payment platforms that it has provided for users. You can even use your Visa, MasterCard, or Credit card to make the purchase. The platform operates with a simple system and ensures that an in-house inventory facilitates all transactions.
- Several payment options
- Offers access to about ten cryptocurrencies
- No crypto deposit or withdrawal fees
- It doesn't support crypto-to-crypto transactions
Are you the type of crypto enthusiast that enjoys dealing with several cryptocurrencies from a single location? Or do you want a platform that allows you to carry out crypto transactions conveniently from your mobile phone or app? Look no further than Crypto.com. There are many reasons why this platform is preferred by traders and crypto enthusiasts today.
To start with, this platform offers a massive selection of digital assets and has low fees on every transaction. There are more than 180 individual crypto assets on Crypto.com. While it doesn’t support conventional Crypto-to-crypto transactions, there are numerous DeFi offerings to choose from and use.
- Large selection of cryptocurrencies or digital assets
- Low fees on transactions
- Fees for credit and debit purchases are relatively high
- Certain services are not accessible within the United States of America
Gemini is an online trading platform that offers new and old traders many unique features to aid their trading activities. When you log on to Gemini, it’s clear that the developers have paid a lot of attention to crypto tokens. Gemini offers more than 50 different cryptocurrency options. There are also a limited variety of crypto-to-crypto trading pairs. This trading platform is perfect for beginners and ideal for advanced traders too. There’s a simple interface for those who have only begun to learn to trade, and there are other advanced tools that would intrigue professional traders. It doesn’t matter where you are in the United States; you can easily connect to this platform.
- Offers more than 50 cryptocurrencies
- Website insurance against digital hacks
- Accessible throughout the United States
- Relatively high fees
Floki Inu Buying Methods
Now, we’ve taken our time to show you how to buy Floki Inu and some of the best places where you could purchase the digital asset. Whenever you wish to purchase Floki Inu, you’ll have to do so with reliable platforms. These exchange websites and apps are designed with the capacity to swap one crypto asset for another or support crypto-to-crypto trading. However, on most of these platforms, you’ll initially be required to fund your online account. The payment options available vary from one platform and region to another. They may process the transaction at different speeds and charge varying fees.
The following are the most reliable payment methods to buy Floki Inu;
- Credit Card
- Debit Card
- Bank Transfer
Is Floki Inu a good investment?
At this stage, it can be difficult to tell whether Floki Inu is a great investment. However, this token has performed reasonably well since its launch. Today, it has a market cap that is close to $300m. But it’s important to avoid committing too much money at once to this digital asset.
How high can Floki Inu go?
It’s quite difficult to determine how high the price can reach in the coming years. However, there are numerous projections on what is to come for the digital asset. Potential investors can use this information to leverage their actions in the market.
Should I buy Floki Inu?
The decision on whether to buy Floki Inu rests entirely on your shoulders. Before making a final decision, do a lot of research. Also, remember that prices fluctuate and may affect the value of your investment. If you eventually make a purchase, make sure that you do so only with a reasonable sum of money.