As the crypto market is so huge, you may come across a new token every day. These low-valued altcoins pose great investment opportunities.
Looking at the current market scenario, it is the best time to buy these tokens as their value will appreciate once the market starts to rise again.
On the other hand, one such altcoin that will boom in the coming years is the FEG token. The coin grabbed everyone’s attention when it appreciated over 3000% in just a few months.
So, are you wondering about investing in this coin but unsure how to buy FEG Token? Leave all your doubts to us. In this article, we will discuss the key topics related to this cryptocurrency, including:
What Is FEG Token?
How To Buy FEG Token?
Where To Buy FEG Token?
What Is FEG Token?
FEGtoken is a Binance Smart Chain (BEP-20) and Ethereum-based (ERC-20) project. However, the team that developed the token remains anonymous, raising red flags for some investors.
Despite being based on two different blockchains, these tokens are independent of each other. On the other hand, FEGtoken is a deflationary crypto coin, meaning it will become scarce over time.
The investor is charged a 2% fee for selling their tokens. Out of which, 1% is burnt, and the remaining 1% is distributed among other token holders.
In addition, the token began trading on Binance Smart Chain and Ethereum blockchain in February 2021. As the maximum supply of this token is limited to 100 quadrillions, it is worth buying it right now.
So now that you learned what is FEG Token, let’s move forward to the next topic.
How To Buy FEG Token?
You can buy FEG tokens in four of the major ways: FEGex, Uniswap (V2), PancakeSwap, and Gate.io. Out of them, Binance Smart Chain’s PancakeSwap and Ethereum’s Uniswap.
So, if you’re wondering how to buy a FEG token, here’s a step-by-step guide to get started:
Open A Trading Account:
As you’ll need Ether or BNB coin to buy FEGtoken, you must first open a trading account with a crypto exchange that supports both these coins.
On the other hand, if you opt to buy FEGtoken through Uniswap on Ethereum’s network, you may have to pay a higher transaction fee as it is a proof-of-work blockchain.
However, PancakeSwap on Binance Smart Chain offers a low transaction fee. For this, you’ll need a BNB coin and a software wallet to connect to PancakeSwap.
On the other hand, the best FEG token wallet for both Ethereum and BSC is Metamask.
Download A Wallet:
To use Uniswap or PancakeSwap, you’ll need to download a self-custody software wallet. There are a variety of software wallets available; however, MetaMask is the best option for BSC and Ethereum.
Alternatively, you can use a cryptocurrency hardware wallet if you want to keep your crypto assets in the most secure manner possible.
In fact, Hardware wallets are physical devices that keep your cryptocurrency offline, making it difficult for internet hackers to steal it.
As a part of the setting, you’ll need to choose a username for FEG token wallet.
Read Cryptocurrency Trading Guide.
Purchase ETH and Transfer it to Your Crypto Wallet:
To buy Ethereum, you’ll need to create an account on any crypto exchange. After the account opening procedure completes, buy Ethereum crypto.
The process you send ETH to your Wallet may differ depending on whether you’re using the mobile app or the Chrome extension.
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