How to get FLOW coin? This article teaches you how to get FLOW coin

Flow coin, the native cryptocurrency of the Flow blockchain, can be purchased on exchanges like OKX, Binance, Coinbase, and Kraken, among others.

Oct 24, 2024 at 01:30 am

How to Obtain FLOW Coin

Flow coin, the native cryptocurrency of the Flow blockchain, can be acquired through several methods. This comprehensive guide will provide step-by-step instructions on how to obtain FLOW coins.

1. Purchase on Cryptocurrency Exchanges

Flow coin is available for purchase on numerous cryptocurrency exchanges, including:

• OKX
• Binance
• Coinbase
• FTX (now bankrupt)
• Kraken

Steps for purchasing FLOW coin on an exchange:

1. Create an account on the chosen exchange.
2. Verify your account by completing the required KYC procedures.
3. Fund your account using your preferred payment method (e.g., bank transfer, credit card).
4. Navigate to the FLOW trading page and place a buy order at the desired price.
5. Select the amount of FLOW coins you wish to purchase.
6. Confirm the order and wait for it to be executed.

2. Mining Rewards

FLOW coin is not a mineable cryptocurrency; hence, this method is unavailable for acquiring FLOW coins.

3. Staking Rewards

Users can earn FLOW coins by staking their existing FLOW on the Flow blockchain. Staking involves locking up a certain amount of FLOW in a validator node. In return, stakers receive a portion of the block rewards earned by the node.

Steps for staking FLOW coin:

1. Obtain a non-custodial wallet compatible with Flow.
2. Transfer FLOW coins to your wallet.
3. Find a validator node that you want to support and stake your FLOW.
4. Follow the instructions provided by the validator to complete the staking process.

4. Earning through Play-to-Earn Games

Some play-to-earn games built on the Flow blockchain reward players with FLOW coins for completing tasks, winning matches, and contributing to the game ecosystem.

Steps for earning FLOW coin through play-to-earn games:

1. Find a compatible play-to-earn game on the Flow blockchain.
2. Create an account and start playing the game.
3. Complete tasks, win matches, or contribute to the game to earn rewards in FLOW coins.

5. Airdrops and Giveaways

Occasionally, projects on the Flow blockchain conduct airdrops or giveaways of FLOW coins to promote their platforms or reward their users.

Steps for participating in airdrops or giveaways:

1. Follow the project's social media channels and official announcements.
2. Complete any required tasks or requirements set by the project for participating.
3. Keep an eye out for any announcements regarding the distribution of FLOW coins.