How & where to buy Floki Inu (FLOKI) online
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In this guide, find out everything you need to know before you invest in Floki Inu. We break down into easy-to-follow steps how to buy FLOKI coin, and then we analyse the crypto’s recent market performance and investment credentials. Read on to get started.
What are the best exchanges to buy FLOKI on?
Before you get Floki Inu, you need to sign up to a trading platform. To help point you in the right direction, our team of analysts have been testing all of the top options. They have determined the selection below are the best places to buy Floki Inu right now. Click on one of the links to sign up, or keep scrolling to learn more about FLOKI.
How to buy Floki Inu online – a step-by-step guide
Step 1. Find an exchange
Step one in acquiring FLOKI coins is the same as any other cryptocurrency: choosing an exchange that suits your needs. Cryptocurrency exchanges are effectively giant marketplaces for users to purchase and sell supported digital currencies and assets.
Right now, you can only get Floki Inu on a few exchanges, including PancakeSwap, Uniswap and SushiSwap. To fund your purchases on these platforms, you need to have some cryptocurrency in a wallet and connect it to your account. The following platforms are the easiest and fastest places to purchase crypto that you can use to get FLOKI.
- Binance: Binance is the largest and most popular exchange in the world. All of the largest cryptocurrencies are supported, and there is even a lite version for beginners and casuals. Sign up with Binance >
- KuCoin: KuCoin supports a wide range of cryptocurrencies and is well set up for experienced professionals and newbies alike. Join KuCoin now >
Step 2. Sign up and fund your account
Now you have chosen an exchange, it is time to create your account and deposit some money into it to fund your transactions. To do this, fill out all of the contact details that are requested and provide a copy of your photo ID if it is required. Then, fund the account with fiat money like GBP and USD from a bank transfer or credit card, or transfer some cryptocurrency from a connected wallet.
Step 3. Purchase
To get Floki Inu, search for it on an exchange that supports it. The coin’s ticker is FLOKI, so typing that into the search tab is a good place to start. Once you have located the asset, type in the number of coins you want to purchase, check you are happy with the price and associated fees, then execute your transaction.
Step 4. Get a suitable wallet
If you want to store your newly purchased FLOKI securely, especially if you want to speculate on its long-term value, opening a cryptocurrency wallet could be the right move for you. Here are some of the top options along with a brief description of what they have to offer.
- Freewallet: Freewallet is an online wallet that can be accessed via a mobile app or your desktop. As hinted at in its name, it is free, and it allows you to manage your coins from anywhere. Sign up with Freewallet >
- Ledger Nano S: This is a popular hardware wallet. It comes in the form of a physical device that you connect to your computer to manage your coins. Get the Ledger Nano S >
How to trade Floki Inu – a step-by-step guide
Step 1. Find a broker
To trade cryptocurrency effectively, you need to find a broker with low fees. While it is not yet possible to purchase Floki Inu through a regulated broker, it is an increasingly popular cryptocurrency, so this may change in the near future. Expect to see one of the major online brokers like eToro or Plus500 add it to their collection first.
Step 2. Create an account and deposit money
Just as you have to create an account with an exchange before using it, the same is true of online brokers. So, fill out all of the required information that you are prompted to provide, and send a copy of your photo ID if it is deemed necessary. Then, fund your account via a bank transfer, card payment, or even PayPal (supported in some cases).
Step 3. Learn how to perform technical analysis
Any successful trader has the ability to conduct strong technical analysis. This is the process of reading charts to identify trends and indicators that can help you project where the market is going to move next. Make sure you gain a mastery of this art if you want to maximise your returns.
Step 4. Decide whether to go long or short
Traders can go long in the belief an asset will rise in value, or go short in the belief it will fall in value. Both of these strategies can be effective, but it really depends on the market conditions at the time. Make sure you conduct careful and efficient research so you know which way to go.
Step 5. Make the trade
Finally, you can go ahead and execute the trade. Find Floki Inu by searching for its ticker, FLOKI, enter the number of coins you want, check you are content with the price and incurred fees, then execute your trade.
Should I invest in Floki Inu?
Floki Inu is a meme coin inspired by Elon Musk’s very own Shiba Inu dog, meaning it is a coin with minimal fundamental value beyond that ascribed by the crypto community. While meme coins can be strong investments – just look at Dogecoin and Shiba Inu – you should be aware of their minimal use cases and often unremarkable level of technical innovation before investing.
However, Floki Inu does have three flagship projects that provide substance to this story in a way that hasn’t been accomplished by other meme cryptos. This includes an NFT gaming metaverse called Valhalla, an NFT and merchandise marketplace called FlokiPlaces, and a content/education platform called Floki Inuversity. Quite how much value these ventures add in the long term remains to be seen.
FLOKI has the added benefit of being partnered with Kinbal Musk’s Million Gardens Movement, making it a charity token that aims to tackle food insecurity in the world. Being partnered with the brother of Elon Musk (The ‘Dogefather’) – a man who has driven much of the meme coin movement – can only be a good thing.
If you still haven’t made your mind up about investing in Floki Inu, check out the pros and cons below.
- Meme coins tend to have excellent growth potential
- A partnership with Tesla CEO Elon Musk’s brother legitimises the project
- Three big projects in the works that take advantage of new themes and new tech
- Investors contribute to charity
- Ambitions to be a top ten crypto project
Now, here are three final questions for you to consider before you invest in Floki Inu.
1. Is now a good time to buy Floki Inu?
This answer varies depending on if you are a long-term investor or a short-term trader. For those with their eyes on the long term, getting in now could be a good move as the coin continues to increase in popularity and its three projects develop further. Make sure you carry out due diligence and invest at a price you are happy with.
However, short-term traders will be much more concerned with technical analysis than the fundamentals of Floki Inu’s business ventures. Make sure you take your time to analyse the market so you will be able to tell if it is a good time to make a move.
Check out the analysis we have compiled below for the most recent insights into Floki Inu and the broader cryptocurrency market:
2. What problem does Floki Inu solve, and what are its investment prospects?
Floki Inu aims to help solve world hunger and it also wants to spearhead a crypto revolution. There are plenty of other up-and-coming cryptocurrencies with these goals, and it is definitely worth considering this before investing.
However, Floki Inu has a brand legitimacy that few projects can match, and its evolving suite of products appear to have positioned it well for sustained interest from the crypto community.
Make sure you check out the latest news on Floki Inu below so you can stay on top of what is happening and make decisions based on the best available information:
Floki Inu partnered with ApeSwap, can this boost its value?
Floki integrates Chainlink Keepers and Price Feeds
FLOKI (INU) price prediction: how will the Huobi Global listing impact the token?
3. Do you want to hold Floki Inu for the long term?
You can hold FLOKI tokens for the long term if you think they are going to increase in value. However, you can also trade them in the short term if you think you can read the market effectively and profit as a result of the market volatility. Here are the different considerations you should make for these two distinct strategies.
Considerations for a long term investment strategy
For long-term investors, you need to consider what exchange you want to use to purchase FLOKI coins. Make sure it is trustworthy with a solid reputation, and also consider opening a crypto wallet for added security and peace of mind.
Considerations for a short term trading strategy
For short-term traders, consider what elements of technical analysis you want to hone in on. In addition, make sure you find a broker that charges low fees so your returns won’t be impacted too severely.
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