Floki Inu can be purchased and sold through ZT, Gate.io, Uniswap (V3), BKEX, and PancakeSwap. On July 9, 2021, Floki Inu became available to trade for the first time, and currently, 10,000,000,000,000 Floki Inu coins are available in the market. Floki Inu has a market capitalization of $49,947,965 as of June 13, 2022. Floki Inu is now trading at $0.00000552 and has a rating of 2802 at the time of this writing. This article will explain how to buy Floki Inu. Before we begin, let’s go over what Floki Inu is and a brief history of the cryptocurrency.
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
What is Floki Inu?
Floki Inu is a dog-themed meme currency that refers to itself as a “movement” rather than a meme coin. Elon Musk’s Shiba Inu is named Floki Inu, which inspired the coin’s name. Even though he has publicly said that he does not possess any SHIB or FLOKI, Elon Musk is a well-known promoter of Dogecoin.
Musk named his dog Floki Inu after a mythological Viking, and the group is called “Floki Inu Vikings” in his honor. The coin joined with CryptoCart, allowing its consumers to make purchases from over 1,700 different merchants (CC). The Floki Inu token will be accepted as payment for actual things on the Curate marketplace as part of a similar agreement with Curate (XCUR).
Founders of Floki Inu
Unlike many meme currencies, such as Shiba Inu, the Floki Inu team is public and anonymous. It was established by cryptocurrency influencers such as B, MrBrown Whale, Sabre, and PetaByte Capital. Floki Inu describes project leader Jackie Xu as a “well-respected and doxxed figure in the sector with more than ten years of blockchain competency.”
Now, we will go over how to buy Floki Inu in ten easy steps.
How to Buy Floki Inu
We can buy Floki using the Gate.io exchange. Gate.io is one of the most popular altcoin exchanges since it supports a variety of cryptocurrency pairings. Gate.io is an American cryptocurrency exchange because the exchange is based in the United States. The exchange is also available in Chinese and English (the latter beneficial for Chinese investors).
Gate.io provides a wide range of trading pairs to attract new consumers. The bulk of the most recent cryptocurrencies may be found here. The trading volume of Gate.io is also remarkable. It is in the top 20 most busy stock exchanges in daily trade volume. Every day, around 100 million USD is exchanged. The most popular trading pairs on Gate.io often include USDT (Tether). The platform’s vast choice of trading pairs and high liquidity degree are notable qualities. After creating an account, you’ll go through a basic verification process.
Stablecoin Tether (USDT) is required for the acquisition of Floki Inu. Stablecoins are designed to have the same asset value as fiat currencies. So Tether’s value is typically stable at around one dollar, earning it the moniker “stable coin.” To buy Floki, you cannot use fiat currency. It’s possible to buy Floki using the Gate.io exchange, which we’ll use to buy USDT.
To purchase Floki, simply sign in to your Gate.io account and follow the steps of how to buy Floki Inu given below.
- Connect a bank account or debit card.
- Select the USDT option from the drop-down menu in the Currently Purchased section.
- Enter the amount of USDT you’d like to buy in the “Buy with Fiat Currency field.”
- Make your choice by clicking on the coin’s name. USDT can be purchased from the Coinbase exchange and transferred to the Gate.io exchange, which may be a less expensive option when you compare fees.
- Select Purchase when you’ve chosen your service provider, check the disclaimer, then follow the onscreen instructions to finish the transaction.
- Once you have USDT, then can exchange it to Floki Inu by clicking on the Trade option.
- Enter “Floki” and click Floki USDT in the search box. The problem with Gate.io exchange is that market orders are not supported. Simply speaking, you can’t buy at the current market price right away. Instead, you must select a price you’d like to purchase Floki, and your transaction will be completed when it reaches that amount.
- Under “Buy Floki,” click the arrow showing next to the tab “Price USDT/Floki.” This will lower the price. Select the “Last Price + one percent” option.
- Choose “100 percent” to swap all of your USDT into Floki.
- Select the Buy option (USDT – FLOKI). There is a predetermined price at which you will receive tokens. When this step is complete, Gate.io should notify you via email.
These are the ten steps of how to buy Floki Inu easily. Following these steps, you can quickly get an idea of how to buy Floki Inu and acquire Floki Inu.
The Bottom Line
Floki Inu, a relatively young token, has developed enormously in the previous few weeks. Floki Inu may be bought on centralized or decentralized exchanges, according to your preferences. You can buy Floki Inu on two decentralized exchanges, PancakeSwap and Uniswap. You may also find Floki Inu on centralized exchanges like Poloniex, Gate.io, ZT Exchange, and HotBit. Acquiring Floki Inu is much easier today than when it first came out.
Frequently Asked Questions
Is Floki Inu an excellent long-term investment?
Cryptocurrency prices swing unpredictably. Investing, like everything else in life, has its ups and downs. Floki Inu is no exception. Because the cryptocurrency market is as volatile as the stock market, investing all your money in it is not recommended. Investors must weigh the benefits and drawbacks of Floki Inu. For example, You may find Floki Inu historical price data and Floki Inu ROI figures in the project’s white paper (ROI). It all boils down to how much risk you’re ready to accept.
Where can I store Floki Inu?
Floki Inu can be stored directly on the exchange you purchased it on or in a cryptocurrency hardware wallet.
Is it feasible to get Floki Inu rapidly in Europe?
In actuality, Europe is one of the best places in the world to buy cryptocurrencies. You may even open an account with an online bank and transfer funds to exchanges like Coinbase and Uphold.
How long can I expect to wait to get Floki Inu (Floki Inu)?
Floki Inu may be purchased right now on cryptocurrency exchanges like CEX. If you’re a new user, the KYC process might take minutes to an hour. After verifying your account, you may always buy or sell Floki Inu. P2P or bank transfer deposit purchases might take too many hours to execute.
For DEX, the transaction will be confirmed by a network node. The confirmation time may vary depending on your gasoline pricing. Because of the low gas price, your transaction may take a long time to complete. To understand what gas prices are likely to result in a transaction being conducted in an acceptable amount of time on the Ethereum network, use the gas tracker offered by Etherscan or a comparable tracker for your chosen network.