A Beginner’s Guide to Buying And Trading Fetch.ai Cryptocurrency In The USA
You may have already heard about the Fetch.ai cryptocurrency as it is one of the most widely-discussed crypto assets in the market. It became quite popular due to the products and services it offers, including machine learning and AI-based agents that help users in their daily problems. The network is powered by its native cryptocurrency - FET, which is an ERC-20 utility token and the only coin available to pay for services within the Fetch.ai network.
FET cryptocurrency is also available for trading. But before you invest in the Fetch.ai FET coin, you need to know what it is and how the platform works. In this guide, we will introduce Fetch.ai (FET) cryptocurrency to you and walk you through the whole process of buying the Fetch.ai FET coin in the US.
What's In This Guide?
- QUICK GUIDE: HOW TO BUY FETCH.AI IN THE USA
- Where To Buy Fetch.ai (FET) Coin In The USA
- What Is Fetch.ai (FET) Coin?
- How Fetch.ai (FET) Coin Works And What Affects Its Price?
- Is Fetch.ai (FET) Coin A Buy Right Now?
- How To Buy Fetch.ai (FET) In The USA
- How To Trade Fetch.ai (FET) Coin In The USA
- Fetch.ai (FET) Coin Advantages And Disadvantages
- What Is Fetch.ai (FET) Coin Price Prediction?
- How Do I Mine Fetch.ai (FET) Coin In The USA?
- What Is The Total Supply Of Fetch.ai (FET) Coin?
- Things To Consider Before You Invest In Fetch.ai (FET) Coin In The US
QUICK GUIDE: HOW TO BUY FETCH.AI IN THE USA
- Open an account with a US cryptocurrency exchange.
- Verify your crypto account.
- Go to the deposit section.
- Go to the platform and select Fetch.ai.
- Enter how many FET tokens you want to buy.
- Confirm your purchase.
Where To Buy Fetch.ai (FET) Coin In The USA
Fetch.ai FET cryptocurrency is available on various brokerage platforms, but how to choose which one to use? It depends on multiple features, including your location, investment goals, budget, etc. Plus, you need to check out whether the platform is secure, functional, easy to operate, and cost-friendly. To narrow down your selection and save your time on the research process, we have reviewed multiple platforms and created a list of the best brokers to buy Fetch.ai (FET) online in the US.
- Binance - Best exchange to buy FET in The USA for asset diversity
- Coinbase - Best exchange to buy Fetch.ai (FET) for beginners
- OKEx - Best broker to buy FET in The USA for low-cost
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
What Is Fetch.ai (FET) Coin?
Fetch.ai is an artificial intelligence and machine learning-based project that aims to develop the digital economy in the DeFi industry. The project was launched in 2017 by three British entrepreneurs and software engineers. The main aim of the project is to incorporate AI into the decentralized market and to make it useful in solving people’s everyday problems.
The project was funded by the initial exchange offering (IEO) of its FET cryptocurrency which is designed to power the network. It raised $6 million from the buyers of the token but also got investments from several major companies and venture capitalists in England. FET cryptocurrency is the main driver within the Fetch.ai network and serves as a utility token. It’s used to pay for services, hire agents, stake, and be rewarded with new coins, trade, etc.
How Fetch.ai (FET) Coin Works And What Affects Its Price?
Fetch.ai is a multi-agent-based platform that is designed to assist people in their daily lives. Users can select between various services provided by these agents which incorporate AI and machine learning solutions decreasing the role of third parties and reducing costs for services. But to hire an AI agent, users pay for this service in FET cryptocurrency which is the only coin available on the platform.
It means that the FET cryptocurrency value is strongly interrelated with the popularity of the Fetch.ai platform. If it gets more prominence, it can attract more users which need to purchase FET coins to be able to use the platform. Consequently, it will lead to a rise in the demand for the coin and the value of FET will increase following the supply and demand law.
Fetch.ai (FET) price chart. Source: coinmarketcap.com
Is Fetch.ai (FET) Coin A Buy Right Now?
Fetch.ai is a newly launched cryptocurrency project meaning it is still in the phase of development. Consequently, FET is traded at low prices as it has not yet managed to become an established DeFi project. So, it’s a good time to invest in FET cryptocurrency as with the popularity of the coin, there will be more investors in the project and the prices will rise.
Though Fetch.ai is quite a serious program and is developed by a team of experts, there is still some possibility that the project can’t live through the competition and become a well-established project in the industry. Hence, you will also consider that this investment includes high risks.
How To Buy Fetch.ai (FET) In The USA
For those who are based in the USA and want to invest in Fetch.ai FET, here is a step-by-step guide on how to get started.
1. Find a USA Regulated Crypto Exchange
Buying FET coins is a quick process and requires 4 simple steps. Here is a step-by-step guide that explains how to start investing in Fetch.ai. But before stepping into that process, you should find a good crypto exchange.
2. Register for an Online Account and Fund Your Account
To start with, you should visit one of the cryptocurrency platforms and create an account if you don’t have one. There may be some minor differences between the registration processes on different platforms, but mainly it requires you to provide some personal details, create a username and password. You need to also provide an email and a phone number to get the verification code and accomplish the first stage of account verification.
Next, you must undergo identity verification which you can do with a copy of your passport or ID. Regulated platforms also require an address verification so you must provide a document with your address which can be a bank document or a utility bill. If the verification process goes smoothly, you can now charge your account with some funds through bank cards, wire transfers, or an e-wallet.
3. Buy Fetch.ai (FET) Coin
At this point, your account is well-suited to accomplish your first buy orders. Search the FET cryptocurrency in the appropriate toolbar, click on the “Trade” button and fill in the amount you want to purchase. If you are sure you have filled out all the details correctly, click on the appropriate button to place an order. In some minutes, you will see the amount of FET coins on your exchange account.
4. Transfer Your Funds to a Hardware Wallet
Eventually, you can transfer your coins into a cold-storage wallet, which is a hardware device that stores your cryptocurrencies offline. Buying a hardware wallet is not a necessity but is recommended if you want to find secure storage for a huge amount of cryptocurrencies and to keep them for a long time. This is because hardware wallets are considered the most secure storage with almost zero possibility that they can be hacked.
Don't Miss: The Best 5 Ways To Buy Fetch.ai (FET)
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How To Trade Fetch.ai (FET) Coin In The USA
This part of the article will guide you on how to actively trade Fetch.ai FET coins in the USA.
1. Find a Crypto Platform that Supports Fetch.ai
To start trading Fetch.ai, you first need to find a platform that supports this cryptocurrency and accepts USA residents. Trading platforms usually differ in the amount and types of fees they charge.
2. Fund Your Account
The second step is about the technical parts of the process. Here, you need to create an account; verify your identification, and finally fund your account in order to be able to trade Fetch.ai.
3. Find a Trading Strategy That Works For You
There is a big difference between investing in FET coins and trading this crypto asset. In the first case, you only buy the cryptocurrency and wait for the perfect moment to sell it and gain rewards. In contrast, short-term trading requires opening and closing positions frequently, analyzing the crypto market to guess the right signals, and exploring the features that can affect FET value in the long term and the short term.
It requires a lot of research, meaning you must consider that you need to spend a lot of time to achieve successful trades. Obviously, one of the major things to pay attention to is the platform where you trade. You should select a secure, cost-effective, quick, and easy-to-use platform with a comprehensive design and a good user experience.
And eventually, you need to have a concrete plan about how you will execute your trades. There are multiple short-term trading plans that you can adopt or develop your own. But before developing a trading plan, you should have a good understanding of the market and consider all the risks affecting your trades.
4. Start Trading Fetch.ai Coin
That's it, when you have a verified account and a trading strategy, you can start trading the Fitchai coins. However, if you cannot make a final decision about investing or not, here is some more information about Fetch.ai to help you get more decisive in your investment decision.
Fetch.ai (FET) Coin Advantages And Disadvantages
If you want to invest in Fetch.ai FET cryptocurrency, it’s crucial to know its strong features that can affect FET value positively, as well as its drawbacks that make the investment risky.
Advantages:
- Offers problem-solving ideas for incorporating AI and machine learning into the DeFi.
- The project is backed by a team of experts, developers, and entrepreneurs.
- The only cryptocurrency that can be used within the Fetch.ai network is FET.
- Partners with such popular companies as BOSCH, Catena-X, YOTI, etc.
- The cryptocurrency has already generated good popularity and is listed on many leading crypto exchanges.
Disadvantages:
- The project still needs a lot of development.
- FET can face strong competition in the AI industry.
- A risky investment because of being highly volatile.
What Is Fetch.ai (FET) Coin Price Forecasts?
Cryptocurrency price predicting algorithms foresee a good perspective for the Fetch.ai FET cryptocurrency and their predictions are mostly bullish. FET is traded at $0.47 at the time of writing and according to the predictions by the Wallet Investor its value can increase almost two times this year and the cryptocurrency will be traded at $0.78. The algorithm considers Fetch.ai a good long-term investment with a +71% earning potential and predicts that it can reach $2.071 in five years.
The Digital Coin Price mostly agrees with these predictions but foresees a slower growth for the FET cryptocurrency. So, according to this platform, FET will be hit $1 in 2025 and again decrease bove $1 in 2026. But the cryptocurrency will take growth and persistently increase to $2.2 by the year 2030.
The Price Prediction is less optimistic for the first two years than the previous platforms, but their predictions indicate good growth for FET starting from 2024. So, FET will hit $1 in 2024 and the average price for the cryptocurrency will be $1.33 in 2025. The Price Prediction reports that by 2031 the FET cryptocurrency will even hit $10.
The Price Prediction is less optimistic for the first two years than the previous platforms, but their predictions indicate good growth for FET starting from 2024. So, FET will hit $1 in 2024 and the average price for the cryptocurrency will be $1.33 in 2025. The Price Prediction reports that by 2031 the FET cryptocurrency will even hit $10.
Check Out: Fetch.ai Price Predictions
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How Do I Mine Fetch.ai (FET) Coin In The US?
Fetch.ai is based on the ERC-20 token, so its blockchain works in the same way as Ethereum and other ERC-20 token blockchains. So, it’s based on the Proof of Stake mechanism meaning that you can't mine it but you can stake your FET coins, instead, to be rewarded with new ones. There are several platforms where you can stake your Fetch.ai coins, so the process of staking slightly differs depending on the platform.
Stake Fetch,
What Is The Total Supply Of Fetch.ai (FET) Coin?
The maximum supply of the Fetch.ai utility tokens is 1,152,997,575 FET coins of which 1,152,997,575 FET coins are already in circulation. With its current value equal to $0.47 Fetch.ai makes a market capitalization of almost $350 million and is ranked #168 by its market cap.
Things To Consider Before You Invest In Fetch.ai (FET) Coin In The USA
Fetch.ai cryptocurrency is a risky investment as the cryptocurrency industry is rather speculative. However, there are multiple attractive projects which seem to offer valuable solutions to the Defi problems and Fetch.ai is one of those projects. In the long term perspective, these projects have all the chances to become one of the most well-established products in the DeFi industry.
Fetch.ai has already attracted huge attention, still, it needs to go through long development stages to eventually win the market. Overall, it can be considered a good long-term investment as it offers a lot of valuable services and tries to bring the DeFi world to a new level. But before investing in any cryptocurrency, you must take into account that it involves high risks of losing money. So, buy Fetch.ai (FET) coin reasonably and invest only what you can afford.
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