Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
To buy FEG on PancakeSwap, you’ll need BNB tokens and a software wallet that can connect to PancakeSwap. MetaMask will use Ethereum’s network by default, but you can make the crypto wallet compatible with BSC in the network settings. If you want to use Uniswap on Ethereum’s network, be prepared to pay high transaction fees.
Brief History of FEG Token
More likely than not, Ledger will be the only hardware wallet you’ll ever need. This leaves a maximum supply of about 42 quadrillion tokens on Ethereum, while there are about 44 quadrillion tokens on the BSC. If your FEGtokens are on Ethereum, then you can use Uniswap to swap your tokens for Ether tokens.
Please learn about decentralized exchanges first if you’re unfamiliar. If your FEGtokens are on Binance Smart Chain, then you’ll need to use PancakeSwap to convert your tokens. While PancakeSwap is harder to use than Uniswap, the DEX uses Binance Smart Chain which has much lower fees than Ethereum. As of 2021, the community is expecting a large jump in FEG value during the next following years. Once installed, set up your wallet as you would any other wallet and continue to the next step. Click the gear icon in the right corner and manually put your slippage anywhere between 3% to 5%.
Since Ethereum is a proof-of-work blockchain, the fees are much higher than Binance Smart Chain, as it is proof-of-stake. You can buy Ether tokens (Ethereum’s token) on any cryptocurrency exchange that supports the asset. Some popular exchanges investors use to buy Ethereum are Coinbase, Gemini, eToro and Kraken. FEGtoken offers an enticing economic model — the token is deflationary with no maximum amount of FEGtokens that can be burned.
If you’re using metamask, then the Chrome extension will pop up automatically asking you to approve the transaction. Once approved, your FEG tokens should arrive in your wallet within minutes. It should ask you to import FEG token if it does not show up as an active token. You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
Step 2: Buy or Download a Wallet.
Then copy and paste the contract address from coingeko into the add token address field. The token symbol section should fill automatically when done correctly. Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users.
Once you have Ether tokens, you can send them to an exchange connected to your bank account in order to cash out of your investment. The team behind FEGtoken remains anonymous, which may be a red flag for some crypto investors. Without a known team behind the project, nobody will be held accountable if FEGtoken decides to cash out and stop developing its platform. Virtual currencies often operate like this, and that’s why it’s important to know about the financial institutions that you’re buying into. We see a lot of people having issues trying to purchase FEG wether it is the ETH or BNBpair. Here are some basic instructions on how to purchase FEG on both uniswap and pancake swap.
Peering in the hive mind can be really helpful, but it can also be so stupid it’s funny
Many projects on the BSC follow similar tokenomics; these tokenomics are questionable, and it eerily resembles a pyramid scheme. FEGtoken is a project on both Binance Smart Chain (BSC) and Ethereum. However, these financial assets are independent of each other, making for a weird token dynamic. Most digital currencies choose 1 blockchain to use — you’re not able to send tokens across different blockchains. If you’d like to save some money on transaction fees, then Binance Smart Chain is the way to go.
However, it’s not clear what benefits FEGtoken can provide that other DeFi protocols like Uniswap, 1inch and PancakeSwap already have. And, the token’s price is purely based on speculation, so fundamentally FEGtoken is a poor investment. Once your wallet is connected to the proper network, you’re ready to make your purchase. Since PancakeSwap is essentially a copy of Uniswap, the platforms work in extremely similar ways. Simply search for FEGtoken, and you’ll be able to find the liquidity pool that allows you to exchange either Ether or BNB for FEGtoken.
Is FEG (OLD) a good investment?
Make sure you have enough ETH to cover gas fees and then authorize the transaction. Guardarian offers you convenient ways to buy FEG token with VISA, MasterCard, Sepa, Swift, and Faster Payments. It looks like FEG may not be available to purchase on an exchange in the US.
Follow the same steps above but make sure to use pancakeswap instead of uniswap. Make sure to use the contract address on pancake swap for the BNB/FEG as the contract address to add the token from CoinGecko wont work. FEG Token is a hyper-deflationary token which gives the holders a tax of 1% and an extra 1% that will be burnt in the process. Because of this, the crypto coin actually rewards the holders for holding onto their assets and essentially it decreases the supply overtime. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.
- Once approved, your FEG tokens should arrive in your wallet within minutes.
- I know this may be common sense to some but for noobs like I was at one point, it wasnt.
- The token symbol section should fill automatically when done correctly.
- Simply search for FEGtoken, and you’ll be able to find the liquidity pool that allows you to exchange either Ether or BNB for FEGtoken.
FEG Token is an intriguing new hyper-deflationary token that has a massive circulation supply of up to 100 quadrillion in total. This applies both to the Ethereum blockchain and the Binance Smart Chain which makes it extremely valuable if you’re looking to cash out quickly and effortlessly. You’ll need to approve the transaction from your wallet before the transaction is processed.
Fraud is Fraud — No Matter If Done Through Cryptocurrencies or Fiat Currency
We may also receive payment if you click on certain links posted on our site. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Despite this, crypto prices have bounced back, indicating the bull market isn’t over just yet. The Ledger Nano S is a multicurrency wallet, meaning it’s capable of storing a variety of cryptocurrency assets, including Bitcoin, Ether, Litecoin and XRP.
Learn how to buy FEG (OLD) (FEG) in our step-by-step guide.
You can still purchase FEG by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another. The way you trade, sell or convert your FEGtoken depends on which FEG you use. There is FEG on both Binance Smart Chain and on Ethereum’s blockchain. These tokens aren’t compatible with each other, so don’t try and send your tokens across these 2 different blockchains.
Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. FEGtoken is a deflationary currency, meaning that as time goes on, these digital assets become more scarce. Half of this fee is burned, and the other half is redistributed among the remaining token holders.
At the very least, you’ll need to download a software wallet to access Uniswap or PancakeSwap. There are plenty of software wallet options available, but the best wallet that’s compatible with both BSC and Ethereum is MetaMask. Before continuing, make sure you have bought ETH on the exchange of your choice and have transferred it to your wallet. I know this may be common sense to some but for noobs like I was at one point, it wasnt. If you do not know how to buy ETH and send to your metamask wallet, youtube or google it. Before buying anything, your going to want to add the custom token FEG to your wallet.
If you want to store your crypto assets in the most secure way possible, you’ll need a cryptocurrency hardware wallet. Hardware wallets are physical devices that store your crypto offline, making it impossible for online hackers to steal your cryptocurrencies. FEGtoken has gained investors’ attention after appreciating over 3,000% in the span of just a few months. Despite the token’s appreciation, FEGtoken has yet to deliver on most of the services it seeks to provide its users. As of writing, FEGtoken has its own exchange, FegEx, where investors can buy and sell FEGtokens. The project is still working to develop liquidity pools, cross-chain bridges and token-wrapping, but the developers will hopefully release these features in the coming months.