How to buy Floki Inu coin

Floki Inu (FLOKI) is a canine-themed cryptocurrency that is partnered with Elon Musk's brother, Kimbal Musk. On this page, we explain how to get Floki Inu quickly, easily and affordably.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
Updated: Nov 2, 2021
Tip: our preferred broker is, eToro: visit & create account

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.

Compare where to buy Floki Inu, and open an account

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. Join Binance now >
  • KuCoin: KuCoin supports a wide range of cryptocurrencies and is well set up for experienced professionals and newbies alike. Sign up with KuCoin >

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. Open a Freewallet now >
  • 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 a Ledger Nano S >
1
Min. Deposit
$1
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User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
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Full Regulations:

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.

1
Min. Deposit
$50
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User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

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.

Still undecided?

If you still haven’t made your mind up about investing in Floki Inu, check out the pros and cons below.

Pros

  • 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

Cons

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:

The Floki Inu development team recently purchased ad space on London’s underground train and bus stations. The ads ran for several weeks, but they seem to have attracted the attention of authorities in the country, who are now planning on banning similar ads in the future. Floki Inu is one…
Another cryptocurrency has benefited from the tweets of billionaire Tesla Chief Executive Officer, Elon Musk. This time, Floki Inu (FLOKI/USD)has become the beneficiary, gaining 20% a few hours after Musk’s tweets about Vikings and the moon. Musk tweeted that Viking was the first to get to the moon as the…

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.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

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 >

Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.