How to Buy FUNToken (FUN) in 3 Simple Steps

5 Things to Consider if you want to Buy FUNToken

Before you purchase FUNToken for the first time, you need to consider some crucial factors. These factors would help you ensure your transactions are safe and are processed as soon as possible. Some of these are discussed below. 

1. Carefully choose your preferred secure payment method

The first thing to do is to choose your preferred secure payment method. There are varying payment methods available to traders in various parts of the world. Hence, choose the payment method available in your region. Also, consider the factors such as the speed and cost of transactions when choosing your preferred payment method.

2. Will you need to set up your own wallet?

Setting up an independent wallet is crucial for FUNToken traders. It is needed to secure your funds. There are in-built exchange wallets, but we don’t recommend them because they are more vulnerable to theft and hack. However, when you use cryptocurrency brokers, you don’t need to set up a wallet because you are only accessing FUNTokens as a CFD. This reduces the chances of theft and other vices.

3. Comparing costs

You need to compare the costs and fees associated with transactions on cryptocurrency platforms that offer FUNToken. The cost of transactions differs, and you can research to find the most affordable ones for you. However, the cost of transactions for cryptocurrencies is so much cheaper compared to the traditional financial systems.

4. Safety and security

The security of your cryptocurrency is also another thing you need to consider. FUNToken is a decentralised cryptocurrency, which means you get to enjoy excellent security features such as cryptography, private-and-public key encryption and several others. Funfair is built on the Ethereum blockchain, one of the most secure blockchains globally. The cryptocurrency brokerage platforms also integrate security measures that ensure your funds and personal data remain safe. In addition to verifying your account with a broker, they integrated 2-factor authentication (2FA), providing an extra layer of security on your account. The brokerage platforms also use secure trading platforms like MT4 and MT5.

5. Can you understand and navigate the platform?

Before choosing the cryptocurrency platform where you wish to trade FUNToken, ensure that you can easily learn how it works. Understanding how to navigate the brokerage platform will make it easy for you to trade FUNToken and a wide range of other cryptocurrencies. Take time to explore the software before choosing to use them for your trading activities.

What is the Best Payment Method for Buying FUNToken?

There are numerous payment options available for buying FUNToken. The process of purchasing FUN is easy. However, keep in mind that some payment methods are not available in certain locations. Hence, you have to consider the options available in your region before deciding.

Buying FUNToken with PayPal: PayPal is one of the most widely used online payment platforms. Transaction fees are reasonable with PayPal, but there are other cheap alternatives. Ensure you research and find the cheapest and most effective one for you. Furthermore, PayPal is not offered by all cryptocurrency platforms currently. 

Buying FUNToken with Cash: You can also use cash to buy FUNToken. However, this might be tough considering the cryptocurrency is sold online and not in physical stores. This means it would be tough to find someone that you can give physical cash in exchange for FUN tokens.

Buying FUNToken with Bank Transfer: A bank transfer is one of the most popular options for buying FUN tokens. The transaction fees are low, but it could take days before the funds reflect in your crypto brokerage account. Furthermore, not every cryptocurrency brokerage platform accepts this as a payment method.

Buying FUNToken with Credit Cards or Debit Cards: This is the most popular and convenient way to buy FUNToken. Virtually all cryptocurrency brokers accept credit and debit cards. However, they have higher transaction fees as compared to the other options.

What Fees are Involved in Buying FUNToken?

Buying FUNToken attracts some charges, both from the cryptocurrency itself as network miners and nodes are compensated and from the crypto trading platforms. Although the fee might be negligible if you intend to buy and hold FUN for the long term, you might want to compare the costs of the various platforms before you decide.

Transaction Fees: There are network fees associated with FUNToken transactions. FUNToken is built on the Ethereum network, which means you have to pay the Ethereum gas fees to carry out transactions with the FUN token. The gas fees change according to the network congestion. 

Deposit Fees: The deposit fee for FUNToken differs from one broker to another and from one cryptocurrency exchange to another. Ensure you do your research and find the platforms with the best deposit fee offering.

Withdrawal Fees: Also, the withdrawal fees for FUNToken differ between brokers and exchanges. However, some platforms don’t charge withdrawal fees. Ensure you research the platforms and their withdrawal fees before you start trading with one.

Safely Storing Your FUNToken

You can safely store your FUN tokens in an online wallet or a hardware wallet. They allow you to store the tokens, making you less susceptible to hacks and theft.

Web Wallet: These are popular wallets built into the brokerage and exchange platforms. The web wallets offer an easy and convenient way to store FUNToken. However, they don’t offer a very high level of security. Exchanges have been prone to hack, and some have shut down business over the past few years. Hence, leaving your tokens in their wallets does come with certain risks, and you should consider this when making a decision.

Mobile Wallet: These are wallets designed to be used on your mobile phones. The security here is better than on exchange due to the addition of extra layers of security in mobile devices. However, they are also vulnerable to hacks and theft, especially if someone can gain access to your mobile phone. Some of the popular Ethereum (that support FUNToken) mobile wallets include ZenGo, TrustWallet, Jaxx Liberty and BRD.

Desktop Wallet: These are computer software programs that allow you to store your FUN tokens. They are preferable to mobile wallets because they offer more security. With desktop wallets, you can add security measures such as the 2FA to ensure your funds remain secure. Some of the leading FUNToken desktop wallets include MyEtherWallet, MyCrypto, MetaMask and Exodus.

Hardware Wallet: Hardware wallets are the most secure and the ones we recommend. Contrary to the other classes above, hardware wallets don’t completely rely on software for their security. They store your wallet’s private keys in secure hardware devices, making it almost impossible to move any coins out of the device without proper authorisation. These wallets are also immune to computer viruses. Ledger Nano S and Trezor T are some of the most popular ones. KeepKey is another popular hardware wallet.

Wallet combination: These are special wallets that combine any of the two described above. An example is Ledger Live. Ledger is a hardware wallet, but it has a desktop wallet in the form of Ledger Live. The wallet allows you to connect your hardware wallet to your computer, making it easy to operate without sacrificing security.

What Other Coins Can I Trade or Use to Buy FUNToken?

In addition to fiat currencies, there are numerous cryptocurrencies you can use to trade and purchase FUNToken. The most common is Bitcoin, the leading cryptocurrency in the world, and ETH, the native coin of the Ethereum blockchain. You can also use the USDT stablecoin to trade and buy FUNToken on numerous crypto exchanges.

What’s the Smallest and Largest Amount of FUNToken I Can Buy?

Some traders and investors want to know how many FUN tokens they can buy and the smallest possible purchase. When it comes to the minimum purchase for FUNToken, it depends on the trading platform you are using. FUNToken is currently trading at $0.02314, which means you can purchase it for less than a dollar. However, due to liquidity purposes, some exchanges don’t allow you to purchase FUN tokens below a certain amount, usually between $5 and $10.

Can I Buy FUNToken Anonymously with no ID? Is it Safe and Legal to Buy FUNToken?

While cryptocurrencies were originally designed to offer anonymity, the market has grown enormously, and it is more regulated than before. Hence, the platforms now require users to verify their IDs before purchasing FUNToken and other cryptocurrencies. With exchanges and brokers, you might not get the anonymity you desire, but you will enjoy security and other amazing features. You could purchase FUNToken anonymously on unregulated exchanges but it is not a recommended method as it is risky. 

Will Buying FUNToken Make Me Money?

The answer depends on how and when you invest in the cryptocurrency. Many investors have made money investing in FUNToken, but it is dependent on understanding the fundamentals of the cryptocurrency and how you invest. You have to determine the best price to buy FUN tokens to make profits in the end. It would help if you kept in mind that cryptocurrencies are growing more relevant, and the crypto space is expected to grow in the coming years. 

How to Spend your FUNToken

FUNToken is designed to be a gaming and gambling token. You can spend it on online gaming and gambling platforms that accept it as a means of payment.

How to Sell FUNToken

You can sell your FUN tokens using a broker or a crypto exchange. With a broker, the process is easier, and you will receive the equivalent fiat currency in your account in no time. You can also sell FUNToken on a crypto exchange easily. You can sell it for fiat currencies or swap it for other cryptocurrencies such as BTC, ETH or USDT. Selling FUN tokens on brokerage platforms held as CFDs is more straightforward as these contracts are widely traded within the financial world.