How to buy Floki Inu (FLOKI)? 

A question that has been popping up on social media from a lot of crypto newbies is “Where can I purchase Floki Inu?” or “How can I buy Floki Inu?” Fortunately for you, it’s a short, easy process.

How to buy Floki Inu – A Buying Guide

Step 1: Create an account on an exchange that supports Floki Inu

To buy Floki Inu, you’ll need an account on a cryptocurrency exchange that supports Floki Inu. 

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To sign up, the exchange may require some basic information like your email address, password, full name, and sometimes your address or phone number.

On some exchanges, you might also need to complete a KYC (Know Your Customer) section, in order to be able to purchase cryptocurrency. This usually happens on licensed and regulated exchanges. 

Step 2: Deposit funds into your account

Most cryptocurrency exchanges will allow you to purchase Floki Inu (FLOKI) via fiat currency, like USD, EUR, AUD, and more. They might also let you fund your account with a few methods, including credit and debit cards, e-wallets, or direct bank transfers. 

Although these cryptocurrency exchanges may allow multiple payment methods, some methods will have higher fees than others, such as credit card payments. Before funding the account on your cryptocurrency exchange, make sure to do some research to find out the fees involved to minimize costs. 

Step 3: How to Buy Floki Inu (FLOKI) Officially

This part of the process is the same across most cryptocurrency exchanges. Locate a navigation bar or a search bar (usually at the top of the webpage) and search for Floki Inu (FLOKI) or Floki Inu (FLOKI) trading pairs. There will be a section that allows you to buy Floki Inu (FLOKI) by entering the amount you would like to spend towards buying Floki Inu (FLOKI). The exchange will automatically calculate the amount of Floki Inu (FLOKI) you will be able to purchase using the current market rate. 

It’s important to make sure that you double-check your transaction details so that you purchase the correct amount of Floki Inu (FLOKI). These cryptocurrency exchanges might also provide you with their own proprietary software wallet to store your cryptocurrencies, but if you’d like you can create your own individual software wallet, or purchase a hardware wallet in order to achieve the highest level of protection. 

For even more in-depth instructions, check out our Absolute Beginners Guide to Cryptocurrency Investing for a step-by-step process. Furthermore, if you’re completely new to crypto you can use our beginner, intermediate, and advanced level articles to learn everything you need to know about the cryptocurrency space. 

What is Floki Inu (FLOKI)?

Launched last summer, Floki Inu (FLOKI) is inspired by Elon Musk’s Shiba Inu puppy. 

Floki Inu (FLOKI) is more than just a meme token, with the team planning to deliver on several use cases in the upcoming months. The Floki Inu team calls the token a “utility-focused meme coin”. Their self-described “massive community” is known as the Vikings, and they’ve recently started hopping on the non-fungible token (NFT) wave. 

The team behind Floki Inu (FLOKI) has recently announced plans to build an NFT gaming metaverse, called Valhalla. Combining both NFTs, Gaming, and Crypto is a great move that could bring success for the project and its investors. 

What makes Floki Inu (FLOKI) different from Doge and Shibu?

Although Floki Inu (FLOKI) is new, it remains a true contender with Doge and Shibu token, aiming to be a top 10 project. 

They plan to introduce multitudes of utility, like Valhalla, and their own marketplace called “FlokiPlaces”. With over 230,000 current holders, their rapidly growing userbase will be able to utilize these features within their ecosystem. 

Their project brings true utility, while creating a close knit community that is able to be rewarded for staking their tokens. 

They’re even working on an educational platform, to add on to their NFT Gaming Metaverse and Marketplace projects. 

Who founded Floki Inu (FLOKI)? 

Most meme coins, like Shibu Inu, have anonymous founders, but Floki Inu has a fully public team. The Floki Inu (FLOKI) team was started by a group of crypto influencers using psyudeonems: B, PetaByte Capital, Sabre and MrBrown Whale. The Floki Inu (FLOKI)’s Lead Developer goes by Jackie Zhu, a well known, doxxed figure in the crypto space with over a decade of blockchain experience. Valhalla, Floki Inu (FLOKI)’s gaming metaverse was created by 11 people with over 50 years of combined experience, soon hoping to expand to 20 people. 

What is the Floki Inu (FLOKI) token?

The Floki Inu (FLOKI) metaverse project, Valhalla, will be taking out a huge portion of FLOKI tokens from circulation. FLOKI will be the main currency of the Valhalla world, so as adoption increases, FLOKI tokens will move out of circulation and into the Valhalla ecosystem. 

In the game, Valhalla, the only way to purchase and trade in-game items will be via the token, FLOKI. 

Valhalla will also allow people who spend FLOKI to progress through the game easier, and at faster rates. This will create more demand for the token itself, and insure utility and demand for the FLOKI Token. 

Official website: https://www.floki.com/

How did Floki Inu (FLOKI) start? 

Floki Inu (FLOKI) was started on June 25, 2021, when Elon Musk announced his new Shiba Inu puppy would be named Floki. 

The developers were quick to utilize Musk’s influence on pupcoin price movements to create Floki Inu (FLOKI). By the time Elon fully adopted the puppy on September 12th, the coin was already trading. 

BEST CRYPTOCURRENCY WALLET FOR Floki Inu (FLOKI)

There are lots of crypto wallets available. The ideal one for your use case depends on your general trading habits and your desired security. There are two main types of wallets: hot storage wallets (which are digital) and cold storage or hardware wallets (which are 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:

  • If you trade often, hot wallets allow for more active cryptocurrency trading. The ability to Quickly login allows you to be only a few taps away from buying and selling your crypto. Cold wallets are better if you plan to make trades less frequent. 
  • As we mentioned, not all wallets support all different types of cryptocurrencies. However, the best crypto wallets will have the power to trade hundreds of different currencies, providing more broad experience. 
  • If you’re worried about security, a physical cold wallet stored in a safe deposit box at the bank or somewhere in a safe at home provides the most secure option. If you’re confident in your ability to keep your seed phrase secure, a hot wallet may be the answer for you. 
  • If you’re worried about costs, most hot wallets are free to set up. However, cold wallets are actual hardware, so they cost money to purchase. 
  • Many hot wallets come with analytics features that allow you to look at market insights, trading history, and current prices. Cold wallets usually have some added security features as well. 

For a more in-depth cryptocurrency wallet analysis, visit our “Wallets Explained” Guide.

If you’re dealing with large purchase volumes, you might be interested in purchasing a cold storage wallet, like a Ledger Nano or a Trezor. 

Ledger is one of the leading manufacturers of cold storage wallets for users who need increased security for their cryptocurrency wallets. Their hardware connects to your computer, and only allows you to send cryptocurrency if you’re connected to your device. There’s a variety of colors and products, including the Ledger Nano S and the Ledger Nano X. 

Trezor is another hardware wallet. Trezor has a super intuitive interface and has compatibility with desktop wallets, making it the perfect wallet for beginners or experts. Trezor has gained a lot of the cryptocurrency community’s trust over the years, with its Trezor One and Trezor Model T options. 

Market Overview for Floki Inu (FLOKI)

The latest trade volume, market cap, and other vital information can be found on Coinmarketcap, the go-to for all financial information regarding cryptocurrencies. 

You’ll be able to find info regarding

  • The trading volume over various periods of time
  • The current market price of all cryptocurrencies 
  • Circulating and total supplies of most coins
  • Historical charts with prices relative to USD, BTC (Bitcoin), or ETH (Ethereum). 

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