Quick Guide: How to Buy Fartcoin on CEX.IO?

Fartcoin, a memecoin built on top of the Solana network, has done something not many cryptocurrencies did – surpassed a $1 billion market cap in just two months. Now, this token is available for all eligible CEX.IO customers through Spot Trading and Instant Buy. 

This guide will walk you through the step-by-step process of purchasing Fartcoin on the CEX.IO cryptocurrency exchange. We'll cover essential information like account creation, verification, funding your account, and finally, executing the Fartcoin purchase.

What is Fartcoin?

Fartcoin is a Solana-based memecoin that launched in late October 2021. Despite its humorous origins referencing flatulence, Fartcoin quickly gained traction, reaching a market cap of over $1 billion within two months. This rapid rise highlights the unpredictable nature of the cryptocurrency market. Unlike some memecoins focused on utility, Fartcoin's appeal stems more from its cultural relevance and lighthearted humor.

Key Features of Fartcoin Memecoin

Fartcoin operates on the Solana blockchain, potentially enabling fast and affordable transactions. Notably, Fartcoin prioritizes entertainment over groundbreaking technology. One unique feature is "Gas Fees" which generates a digital fart sound with each transaction. While lacking some functionalities of other memecoins, like Dogecoin, Fartcoin’s focus on humor and community has fueled its popularity.

Why Is Fartcoin Memecoin Popular?

Fartcoin popularity can be attributed to several factors. Early adopters and meme enthusiasts were drawn to the token's whimsical concept. Unlike similar projects with large social media followings, like TRUMP or MELANIA, Fartcoin growth was primarily driven by word-of-mouth and speculative interest. 

Additionally, strategic backing from institutional investors like Sigil Fund helped establish credibility and attract further investment. Fartcoin also benefited from a listing on major exchanges, leading to a significant price surge. The memecoin market thrives on humor and novelty, and Fartcoin’s ability to capture these elements positioned it for success.

Why Choose CEX.IO for Purchasing Fartcoin Memecoin?

Established in 2013, CEX.IO is a veteran, regulated cryptocurrency exchange that offers a secure and reliable platform for buying, selling, and trading crypto, including Fartcoin. We go beyond just simplified buying with a range of features to suit your crypto goals. 

Experienced users can utilize Spot Trading and Margin Trading (subject to eligibility) for active trading. We also offer Staking and Savings programs allowing eligible customers to potentially earn crypto rewards on their holdings (though currently not available for Fartcoin). 

Additionally, for EEA residents, our Crypto Debit Card allows you to spend your Fartcoin and other cryptocurrencies directly at millions of stores worldwide, just like a regular debit card.

Step-by-Step Guide to Buy Fartcoin Memecoin on CEX.IO

CEX.IO offers multiple pathways for anyone who wishes to add and store Fartcoin in their crypto wallet. The most intuitive way to become Fartcoin owner is to use Instant Buy. Here are the instructions to buy Fartcoin on CEX.IO: 

1. Register and verify an account with CEX.IO.
2. Navigate to Instant Buy.
3. Choose Fartcoin as the preferred cryptocurrency.
4. Select the fiat currency you want to use for the Fartcoin purchase. 
5. Specify the amount of fiat you want to spend or Fartcoins you wish to acquire. 
6. Choose your preferred payment method. 
7. Complete the transaction by following the on-page prompts. 

Payment Methods for Buying Fartcoin Memecoin

At CEX.IO, we understand that our users have diverse needs when it comes to purchasing cryptocurrency. That's why we offer a variety of payment methods to ensure a convenient and accessible experience for everyone looking to buy Fartcoin: 

• Credit and debit cards (including prepaid cards)
• Bank accounts
• PayPal
• Skrill
• Neteller
• Faster Payments
• MoneyGram
• Google Pay
• Apple Pay

Please note: The availability of certain payment methods may differ depending on your jurisdiction. We recommend checking our Help Center or contacting our Support Team for the latest information on available payment methods in your region.

FAQs

Can I Buy Fartcoin Without Verification?

Due to strict regulatory rules, CEX.IO is required to perform identity verification on all users. However, our simplified verification process is designed to be quick and easy, taking under 5 minutes to complete.

What Are the Fees for Buying Fartcoin Memecoin?

There are two main cost considerations when buying Fartcoin on CEX.IO. First, we have a transparent fee schedule that outlines the fees associated with buying and selling cryptocurrencies. These fees are typically a small percentage of the transaction amount. Second, payment methods may have their own fees associated with them. For example, credit card providers may charge a cash advance fee for cryptocurrency purchases. 

How Long Does It Take to Buy Fartcoin on CEX.IO?

Our Instant Buy feature makes it fast and easy to buy Fartcoin on CEX.IO, and you can typically acquire your chosen cryptocurrency within minutes. However, it's important to remember that the processing time for your payment method will also factor into the total time it takes to complete your purchase. Here's a breakdown of the estimated processing times for some popular payment methods:

• Credit and debit cards, PayPal, Google Pay, Apple Pay,: Usually within minutes, sometimes may take a couple of hours
• Skrill: 1-3 business days
• Bank transfers: 1-5 business days (depending on your bank)

Please note: These are estimated processing times and may vary depending on your individual circumstances.

Can I Sell Fartcoin on CEX.IO?

You can sell Fartcoin on CEX.IO through two primary methods. Experienced traders can utilize Spot Trading or Margin Trading (subject to eligibility) to trade Fartcoin for other cryptocurrencies or fiat currencies. This approach allows eligible users to potentially take advantage of market fluctuations. However, it requires some familiarity with cryptocurrency trading and may involve risks. 

For those new to the cryptocurrency market, we recommend using the Withdrawal functionality. This allows you to easily convert your Fartcoin into fiat currency and withdraw it using a variety of methods, providing a simple and straightforward way to sell your holdings.