How & where to buy Fetch.ai (FET) online
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77% of retail CFD accounts lose money.
This beginner’s guide introduces you to Fetch and explains how it works. Read on to find out some of the pros and cons of investing with Fetch, and how you can get started.
What are the best exchanges to buy FET on?Copy link to section
The trading platforms below are some of the top brokers, as reviewed by our team of crypto experts. Either choose one to start investing right away, or keep reading to learn more about the Fetch mission.
77% of retail CFD accounts lose money.
How to buy FET online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
Exchanges have the widest range of cryptocurrencies available, and so one of those is the best place to buy Fetch tokens. Here are two of the top exchange platforms:
- Binance: With Binance you can trade more than 100 cryptocurrencies. Binance has more trading volume than any other exchange and so is a great place for most crypto trading. Sign up for Binance >
- Bittrex: Bittrex is an intuitive platform that’s ideal for beginners. It has nearly 200 cryptos available, with even more different pairs to choose from. Join Bittrex today >
Step 2. Sign up and fund your accountCopy link to section
To sign up for an exchange account you’ll normally need to verify your account with a form of photo ID. On some exchanges you need to perform more extensive verifications to access their more advanced features.
Step 3. PurchaseCopy link to section
You can only get Fetch via another cryptocurrency at the moment. The best way to do this is with Bitcoin, so either deposit that straight into your account, or use your fiat currency to get some before you move on to Fetch. Then, look for the FET/BTC pair and execute the trade.
Step 4. (Optional) Get a suitable walletCopy link to section
You can get a wallet to store your coins. This isn’t necessary, as you can leave your coins to be stored on the exchange. However, wallets offer much more security and keep you in control of your coins.
Here are two of the top wallet providers available:
- Freewallet: An online wallet that lets you access your coins through its app, Freewallet lets you hold over 100 different cryptos securely. Get Freewallet now >
- Ledger Nano S: The Nano S is a hardware wallet about the size of a USB stick. It keeps your private keys completely offline, safe even if it’s connected to an infected PC. Sign up for the Ledger Nano S >
How to trade Fetch – a step-by-step guideCopy link to section
Step 1. Find a brokerCopy link to section
Trading Fetch means signing up for a broker with low trading fees. To trade successfully you want to make a lot of deals and you certainly don’t want to give up too much of your money each time. Right now, eToro is one of the top brokers to sign up with.
Step 2. Deposit moneyCopy link to section
You can use fiat currency to fund your broker account. Be sure to check whether you’re entitled to any rewards or incentives when you sign up.
Step 3. Decide how you’d like to tradeCopy link to section
Trading cryptocurrency can be done in a few different ways. A couple of the most popular are using contracts for difference and spread betting. You’ll find a lot of traders use CFDs to speculate on the price performance of different assets without needing to own the asset itself.
Step 4. Start tradingCopy link to section
Before you start trading you might want to see if your broker offers a demo account. These accounts are ideal for beginners as they let you practice trading without the risk of losing lots of money.
Trading at its most basic level is simple: just decide whether you think a coin is going to go up or down. If you think it’s going to go up, you can back it by taking a long position. If you think it’s going to go down, you can back against it by going short.
There are more advanced strategies as well that you can use when you’re more familiar with the process. One of these is trading with leverage, which is a way of making big trades by putting up only a fraction of the overall value. This can open you up to big losses if the market moves the wrong way, so be careful.
77% of retail CFD accounts lose money.
Still undecided?Copy link to section
You should always take some time to think over any investment, and this is particularly true of cryptocurrency. Here are some pros and cons of the FET coin, followed by three questions to ask yourself before you invest.
ProsCopy link to section
- FET is required if you want to be involved on the platform
- It’s the only currency that you can use on Fetch
- The company has a wealth of institutional knowledge about AI
If you still aren’t ready to buy, here are some more questions to think about before you invest in Fetch.
1. Is it a good time to buy Fetch?Copy link to section
It depends on your investment goals. If you want to get involved in the platform, buying FET tokens is the only way to join in. As an investment, the Fetch network is relatively new and you want to make sure it can entice new users in the long term. That said, it is fairly inexpensive and could be a way of diversifying your crypto portfolio, as few other coins offer anything like Fetch.
Short term traders should think about finding a broker with low fees so you can trade FET quickly to try to make a profit. Here you can find the latest market analysis to help you try to time your market moves:
2. What problem does Fetch solve, and what are the coin’s investment prospects?Copy link to section
Fetch uses artificial intelligence and machine learning to solve complex real world tasks quickly without the need for human intervention. It creates a platform fuelled entirely by one cryptocurrency and uses blockchain technology to solve practical problems.
As an investment, FET’s prospects rely on more people joining the platform. As it’s the currency that fuels everything on the network, and you need FET both to join and to perform tasks, the price is likely to grow with demand.
Fetch is still developing its technology, so you should do your research before making any investment. The news is a good place to start to find out where the project is at and if there are any big developments you should be aware of. Here is all the latest news to keep track of:
AGIX, FET, OCEAN on trade table as AI hype returns: Analyst
Fetch.ai (FET) token up 35% in a week, here’s why
AltSignals (ASI) price outlook as AI coins spike on bullish crypto market
3. Do you want to hold Fetch for the long term?Copy link to section
You should hold Fetch for the long term if you want to participate in the platform. It’s also a way of investing in future technology. However there are still many unknowns with Fetch as its still in the early stages of its development, you should track the latest news so you know where the project is at.
Considerations for a long term investment strategy
If you want to get in on the ground floor of Fetch’s project or use your coins on its platform, you want to invest straight away. The best way to do this on an exchange. You could also think about getting a wallet to store your coins.
Considerations for a short term trading strategy
Short term traders want to think about picking the right broker before you start. This means finding one with low fees and no restrictions on trading. Then you can learn about trading strategies like day trading to try to gain an edge on the market.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >