Where to buy and sell FLOW coins in 2024? Tutorial on buying and selling FLOW coins

For beginners, centralized exchanges like OKX and Binance offer a simple and convenient platform to buy and sell FLOW coins through various trading pairs.

Oct 24, 2024 at 10:00 pm

Where to Buy and Sell FLOW Coins in 2024

1. Centralized Exchanges (CEXs)

a. OKX

• A leading cryptocurrency exchange with a vast user base.
• Offers various trading pairs for FLOW, including BTC/FLOW, ETH/FLOW, and USDT/FLOW.

• Additional features:

  • Margin trading
  • Futures trading
  • SmartEarn (interest-earning program)

b. Binance

• Another reputable cryptocurrency exchange with a wide reach.
• Supports FLOW trading pairs: BTC/FLOW, ETH/FLOW, and BNB/FLOW.

• Additional features:

  • Spot and margin trading
  • Binance Futures (futures trading platform)
  • NFTs marketplace

2. Decentralized Exchanges (DEXs)

a. Uniswap

• A decentralized AMM (automated market maker) exchange.
• Allows users to swap FLOW tokens with other cryptocurrencies directly without intermediaries.
• Trading pair: ETH/FLOW

b. SushiSwap

• Another leading decentralized AMM exchange.
• Offers FLOW trading pairs: SUSHI/FLOW and ETH/FLOW.

• Additional features:

  • Yield farming
  • Staking

3. Peer-to-Peer (P2P) Marketplaces

a. Paxful

• A global peer-to-peer platform for buying and selling cryptocurrencies.
• Allows users to trade FLOW directly with each other using various payment methods, including credit cards, bank transfers, and gift cards.

4. Wallet Providers

Certain wallet providers also offer the ability to buy and sell FLOW coins:

• Flow Wallet (official wallet for FLOW)
• MetaMask
• ZenGo

Steps to Buy FLOW Coins

1. Establish an Account on an Exchange

• Choose a CEX or DEX of your choice.
• Create an account and complete the required KYC (know-your-customer) process.

2. Deposit Funds

• Transfer funds to your exchange account via the supported payment methods.

3. Find theFLOW Trading Pair

• Navigate to the trading section of the exchange.
• Search for the FLOW trading pair you want to purchase.

4. Place a Buy Order

• Specify the amount of FLOW you want to buy and the price you are willing to pay.
• Select the type of order you want to place (e.g., market order, limit order).
• Confirm your order and wait for it to be executed.

Steps to Sell FLOW Coins

1. Transfer FLOW to the Exchange

• Send your FLOW coins stored in a wallet to the exchange you want to sell on.

2. Find the FLOW Trading Pair

• Locate the trading pair of the cryptocurrency you want to sell FLOW for.

3. Place a Sell Order

• Enter the amount of FLOW you want to sell and the price you are willing to accept.
• Select the type of order you want to place.
• Confirm your order and wait for it to be executed.