How To Buy Floki Inu (FLOKI)?
A common question you often see on social media from crypto beginners is “Where can I buy Floki Inu?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports Floki Inu (FLOKI)
First, you will need to open an account on a cryptocurrency exchange that supports Floki Inu (FLOKI).
We recommend the following based on functionality, reputation, security, support and fees:
In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase Floki Inu (FLOKI) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy Floki Inu (FLOKI)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Floki Inu (FLOKI) or Floki Inu (FLOKI) trading pairs. Look for the section that will allow you to buy Floki Inu (FLOKI), and enter the amount of the cryptocurrency that you want to spend for Floki Inu (FLOKI) or the amount of fiat currency that you want to spend towards buying Floki Inu (FLOKI). The exchange will then calculate the equivalent amount of Floki Inu (FLOKI) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of Floki Inu (FLOKI) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
Alternative ways to buy Floki Inu (FLOKI)
Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:
Fees (Maker/Taker) 0.075%*-0.1%*
Available for Trade 500+
10% reduced trading fees*
Europe, Asia, Oceania, Africa
Fees (Maker/Taker) 1.49%*-3.99%*
Available for Trade 75+
$10 sign-up bonus*
North America, South America, Europe, Asia, Oceania, Africa
For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
What Is Floki Inu (FLOKI)?
Floki Inu (FLOKI), which was inspired by Elon Musk’s Shiba Inu puppy, has hit the ground running in the cryptocurrency industry since launching over the summer.
The Floki Inu team intends for the new meme coin to be more than just a fad and to have several use cases. In fact, they call it a “utility-focused meme coin” that boasts a “massive community” and “solid utility.” One of the ways they are doing this is by jumping on the non-fungible token (NFT) bandwagon. The FLOKI community is known as the Vikings.
On the FLOKI roadmap is an “NFT gaming metaverse” that the team calls Valhalla. NFTs have caught on like wildfire among crypto investors and artists alike. Catching the tailwind from the excitement of both meme coins and NFTs is a strategic move that could pay off for the project and its investors.
The Floki Inu team is also creating an NFT and merchandise marketplace that they call FlokiPlaces. To that end, they are looking to bolster the meme coin’s use case as a payment method. So far, they’ve teamed up with CryptoCart and XCUR, a partnership that gives FLOKI holders the ability to make purchases at 1,700 merchants.
According to the project’s website, the team has partnered with the Million Gardens Movement, which is spearheaded by Elon Musk’s brother, Kimbal. The crypto project and Kimbal have a mission to “tackle food insecurity in the world.”
A Shiba Inu Japanese breed dog named Doge is the mascot of the Dogecoin project. If Floki Inu manages to replicate Dogecoin’s success, it will pay off nicely for investors. The FLOKI project is off to a solid start with 100,000 holders, according to the project’s Twitter account. In fact, the Floki Inu team bills the project as the “third-biggest meme-coin after Dogecoin and Shiba Inu.”
The History of FLOKI
The idea behind the creation of FLOKI was conceived on June 25, 2021, when Elon Musk tweeted that he will be adopting a Shiba Inu puppy and that its name will be Floki.
No one had any idea that Musk’s statement that day would result in the development of a new pupcoin with the same name as the Tesla boss’s anticipated puppy.
The team of developers behind Floki Inu quickly swung into action, taking advantage of Musk’s influence on the price movement of these memecoins to create a new dog-themed token. By Sept.12, when Elon Musk announced that his family had finally adopted the puppy, FLOKI was already trading in the market.
How is FLOKI Different Than DOGE and SHIB?
Despite being a relatively new crypto project, Floki Inu claims that it is both a DOGE and SHIB killer, aiming to become one of the top 10 crypto projects in the market and kickstart the next crypto revolution.
It intends to shift away from the memecoin narrative and become something more, including providing its native marketplace dubbed “FlokiPlaces.” With over 230,000 holders (at the time of this writing), FLOKI aims to link its rapidly growing user base and the project’s utility.
FLOKI claims it is focused on building its utility and creating a platform that is useful while organizing a close-knit community of holders who are rewarded for staking their tokens.
The project is currently working on three flagship utilities: an NFT gaming metaverse, an NFT and merchandise marketplace, and an education platform, which it believes will highly interest investors.
Floki Inu Ecosystem
NFT Gaming Metaverse: Valhalla
Floki is designing a non-fungible token (NFT) gaming metaverse known as Valhalla, which will feature a play-to-earn business model, on-chain gaming interactions, and upgradeable NFTs.
The product is currently still under development and is scheduled to be launched in 2022. The metaverse will be powered by the FLOKI token.
Valhalla is already drawing considerable anticipation from NFT gaming enthusiasts and Floki holders.
NFT and Merchandise Marketplace: FlokiPlace
Floki Inu claims it is also developing a fully functional crypto commerce platform that will allow users to trade various merchandise, collectibles, and NFT using FLOKI as the main native currency.
The digital marketplace is expected to officially launch before the end of 2021.
Content Education Platform: Floki Inuversity
The Floki Inu team claims it is working on building a de-facto platform for anyone looking to learn more about cryptocurrency.
They intend to develop the Floki Inuversity into a platform with the biggest database of crypto content that everyone on the internet can have access to using FLOKI as a means of payment.
Floki’s team is actively involved in its global marketing push, with several ads placed in strategic locations in different countries across the globe. For instance, the project’s ads are already live on the London Underground across 300 London buses with the caption “Missed DOGE? Get $FLOKI.”
Official website: https://theflokiinu.com/
Best cryptocurrency wallet for Floki Inu (FLOKI)
There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.
HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Floki Inu (FLOKI)?
Deciding which type of wallet to use depends on a variety of factors, including:
- How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.
- What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
- Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
- How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
- What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).
Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).
Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following: