How to Buy Flow (FLOW) in 2024
Flow is a scalable blockchain that was created to circumvent the congestion problems burdening Ethereum. Keep reading to know more about where you can buy Flow, and the spectrum of dApps, play-to-earn games, and NFT marketplaces built on its blockchain.
How to Buy Flow
You can purchase Flow online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Flow and simple steps to buy Flow.
1. Choose a platform
Choosing a credible platform that offers a good user experience, data protection, and minimal costs will form the first part of your investment journey. With this in mind, we have taken the liberty of selecting the best platforms for you to buy Flow on below.
2. Create and fund your account
You’ll also need to provide a photo ID and proof of residence to verify your account. After this step, you’ll be able to deposit money onto your account using payment options that include Visa, Mastercard, and PayPal.
3. Buy Flow
To buy Flow on your chosen platform, you should search for the trading pair that links best with your national currency. For example, if you live in the US, you should select the FLOW/USD trading pair.
Where to Buy Flow?
There are a growing number of brokers and exchanges that allow you to buy Flow. We have pinpointed some of the top platforms for you with respect to their user security features, low costs, and streamlined onboarding services.
Things to Consider When Buying Flow
It is worth remembering that any investment in Flow can lead to potential losses in the short-term even if it leads to profits in the long-run. That said, here are some things you may wish to tally up before you buy FLOW.
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Scalability. Unlike its better known competitor, Ethereum, the Flow blockchain can support high transaction speeds at low costs. If Ethereum users migrate to Flow, the uptick in activity on its network could see the value of FLOW tokens appreciate.
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Financial Muscle. Dapper Labs, the creators of Flow, amassed a war chest of over $550 million in 2021 alone from influential VC firms after successful funding rounds. These resources are set to bring forward new innovations on the platform.
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A Home for Iconic NFTs. The Flow blockchain powers one of the most traded sports NFT collections of all time in NBA Top Shots. The creators of Flow were also responsible for producing CryptoKitties, the groundbreaking NFT-based game, in 2017.
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