As of now, there is no way to directly purchase Flow on Coinbase. The only way to acquire Flow is to first buy Ethereum or Bitcoin on Coinbase, and then use those funds to purchase Flow on an exchange that offers the cryptocurrency.
While this may seem like a roundabout way to get your hands on Flow, it is actually quite simple and only takes a few minutes.
The first step is to log into Coinbase and purchase either Ethereum or Bitcoin. Once you have done that, head over to an exchange that offers Flow trading pairs, such as Binance.
At the time of writing, Binance is currently the only major exchange listing Flow.
Once you have registered for an account on Binance, go to the “Funds” tab and select “Deposit”. Here you will need to locate the deposit address for the currency you purchased on Coinbase (Ethereum or Bitcoin).
NOTE: Warning: Coinbase does not currently offer Flow (FLOW) for purchase. Coinbase only supports the buying, selling and trading of certain digital currencies. Please refer to Coinbase’s supported assets page for a full list of available assets. Investing in cryptocurrencies carries a high level of risk, and you should always conduct your own research and due diligence before deciding to invest.
Copy this address, and then head back over to Coinbase.
Under the “Accounts” tab on Coinbase, select the wallet containing the currency you bought earlier and then click “Send”. Paste in the deposit address you copied from Binance, enter the amount of currency you want to send, and then hit “Send” once again.
It may take a few minutes for the transaction to go through, but once it does you will see the funds in your Binance wallet. From here, all you need to do is go to the “Exchange” tab, select your trading pair (ETH/FLOW or BTC/FLOW), and then place an order to buy Flow at market price or at a price you specify.
And that’s it! In just a few minutes you can have Flow deposited into your Binance account and ready to trade. So if you’re looking to get your hands on this new cryptocurrency, Coinbase is currently not the best option.
However, by purchasing Ethereum or Bitcoin on Coinbase first and then using those funds to buy Flow on another exchange, you can easily acquire this digital asset without any hassle.
10 Related Question Answers Found
If you want to buy Flow on Coinbase, you’ll need to first purchase Ethereum (ETH) or Bitcoin (BTC) on Coinbase and then transfer your ETH or BTC to an exchange that supports Flow. As of writing, the only exchange that lists FLOW is Binance. You can read our guide on How to Buy Flow for more instructions.
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