How to buy FXS coins on mobile phones? Nanny-level entry guide to buying FXS coins on exchange APP

To acquire FXS coins on a mobile device, download a crypto exchange app, establish an account, fund it, locate the coin, place an order, await execution, and optionally withdraw the coins to a secure wallet.

Oct 03, 2024 at 03:42 pm

Step-by-Step Guide to Buying FXS Coins on Mobile

1. Download and Install an Exchange App

• Open the App Store (iOS) or Google Play Store (Android).
• Search for and download a reputable crypto exchange app, such as Binance, Coinbase, or Gemini.

2. Create an Account

• Open the exchange app and follow the prompts to create a new account.
• Verify your identity by providing necessary information, such as your email address, phone number, and government-issued ID.

3. Fund Your Account

• Tap on the "Deposit" or "Buy Crypto" option in the app.
• Choose the payment method you prefer, such as bank transfer, credit card, or crypto transfer.
• Follow the on-screen instructions to complete the deposit.

4. Find FXS Coin

• Navigate to the "Trade" or "Markets" section of the app.
• Search for "FXS" or "Frax Share" in the search bar.
• Select the FXS/USDT, FXS/BTC, or other desired trading pair.

5. Place an Order

• Choose the "Buy" or "Sell" option, depending on your intent.
• Enter the amount of FXS you wish to purchase.
• Select the type of order you want to place, such as a market order (immediate execution at current price) or a limit order (execution at a specified price).
• Review the order details and tap "Buy" or "Sell" to confirm the transaction.

6. Wait for Execution

• Once you place the order, it will be submitted to the exchange for matching with other traders.
• The order will be executed when a matching order is found.
• You can monitor the status of your order in the "Orders" section of the app.

7. Withdraw FXS Coins

• If you wish to move your FXS coins off the exchange, tap on the "Withdraw" option.
• Enter the amount you want to withdraw and a valid wallet address that supports FXS.
• Follow the on-screen prompts to complete the withdrawal process.

Tips:

• Before buying FXS, research the project and market trends to make an informed decision.
• Always use a secure and reputable exchange to protect your funds.
• Store your FXS coins in a secure hardware wallet for enhanced security.
• Be aware of market volatility and invest only what you can afford to lose.