How to Buy Floki Inu (FLOKI)

Want to jump straight to the answer? You can buy ETH on eToro and then swap it for FLOKI on Uniswap.

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floki

Floki Inu

Buy Floki Inu

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Floki Inu (FLOKI) is a spinoff of the popular Shiba Inu (SHIB) cryptocurrency. The coin originated from an Elon Musk tweet where he mentioned naming his Shiba Inu dog “Floki.” This tweet generated significant interest in the crypto community, leading to the creation of Floki Inu and several copycat projects. Currently, FLOKI is down over 64% from its all-time high prices. This may present a buying opportunity for believers in the coin, but many investors see dog-themed cryptocurrencies as a bubble that has already popped. To make the decision for yourself, read more to find out what exactly Floki is and how you can buy it today.

How to Buy Floki (FLOKI)

Here's a step-by-step guide on how to purchase FLOKI coin today.

1. Open an Online Account

One way to purchase FLOKI is through an online cryptocurrency exchange. Because the project is relatively new, it is only offered on a select number of exchanges. Gate.io is the easiest to navigate and offers the quickest route to FLOKI ownership. To purchase FLOKI, you first must create an account on a cryptocurrency exchange that supports FLOKI trading. Doing so is easy and just requires an email address and password.

Once your account is verified, you must make a deposit to fund it. Gate.io does not allow for fiat (U.S. dollar) transfers, so you must send cryptocurrency from another exchange account. Robinhood, eToro and Crypto.com are great choices.

If you're located in the U.S, you'll need to send Ethereum tokens to a cryptocurrency wallet. From there, you can use a decentralized exchange (DEX) like Uniswap to swap your ETH into FLOKI. Most platforms let you send ETH to a cryptocurrency wallet, such as Robinhood, eToro and Crypto.com.

2. Set Up a Crypto Wallet

Crypto wallets differ from exchanges in that they let you hold custody of your digital assets, whereas a cryptocurrency exchange holds your private keys. You can choose from multiple forms of virtual wallets. Depending on how you go about buying FLOKI, having a cryptocurrency wallet may be a necessity. The best software wallet to use on Uniswap is Metamask wallet, which you can download for free on the Google Chrome app store.

3. Make Your Purchase

Once you have a balance in your MetaMask wallet, you can link the cryptocurrency wallet to the Uniswap interface. If you use Gate.io, you can send your crypto directly from the exchange you purchased your ETH on. Using Gate.io, navigate to the FLOKI/USDT pair. To purchase FLOKI, you will have to swap the token with USDT. Choose the amount of USDT you would like to swap for FLOKI and execute the trade.

Afterwards, you should have FLOKI in your exchange account. On Uniswap, navigate to the “Swap” section. Select the FLOKI/WETH pair. You can then use your balance to swap your ETH for FLOKI, similar to the process on Gate.io.

What is Floki Inu (FLOKI)?

Floki is a cryptocurrency meme coin that entices risk-tolerant investors with its low price per token. It operates on both the Ethereum blockchain and Binance Smart Chain. The project has huge ambitions, including a Tesla giveaway and $100,000+ in charitable donations. The project is also looking to do work in the NFT sphere, helping with the distribution of non-fungible tokens (NFTs) in their own blockchain-based video game.

However, these goals are unlikely to happen anytime soon. The project aims to link utilization and community. They want to make a platform that is useful and easy to use while creating a close-knit community of token holders. Holders are given rewards for storing the token, similar to coins like SafeMoon. These rewards are mostly given to the largest wallets, presenting a pyramid-scheme like structure. The coin currently has over 400,000 holders, with a market capitalization around $1.19 billion.

Brief History of Floki Inu (FLOKI)

Floki Inu was created shortly after Elon Musk tweeted that his Shiba Inu dog would be named Floki. The project is hoping to be more than just a meme coin, looking to offer Floki Inu for in-store purchases and their own marketplace, “Flokiplace.” The coin is the only project to partner with Elon Musk’s brother, Kimbal Musk, and his Million Gardens Movement. The movement is aiming to tackle food insecurity worldwide. As the project evolved from a meme coin to a more significant endeavor, the team underwent a rebranding to “Floki.”

Initially listed for less than millionths of a cent, it soared over 250,000% in September 2021. The token has seen a surge in 2024, with over 250% growth year-to-date, and reached a new all-time high (ATH) of $0.0003462 on June 5. As of writing, FLOKI is trading for around $0.0001241 and ranks 58th in the top cryptocurrencies based on market capitalization.

Where to Buy FLOKI

To buy FLOKI, you can use either decentralized exchanges like Uniswap or PancakeSwap, or centralized exchanges such as Binance or Gate.io. Purchasing on a decentralized exchange requires swapping Ethereum or Binance Coin for FLOKI after setting up a cryptocurrency wallet. On a centralized exchange, FLOKI can be bought directly using fiat or other cryptocurrencies.

Here are some of the best trading platforms you can use to get started with your FLOKI investment.

How to Store FLOKI Safely

Now that you know how to buy Floki Inu you need to know how to store it safely. Here are a few of the best cryptocurrency wallets on the market:

• Best Hardware Wallet: Ledger

Ledger is a hardware wallet that is extremely easy to use and supports the sending and receiving of Ethereum (ETH), which you may need to purchase FLOKI. Once you have purchased a Ledger hardware wallet, you simply download its software onto your computer and create an account. Ledgers support more than 1,000 different cryptos including Bitcoin, Ethereum, Dogecoin and all ERC-20 tokens (including FLOKI)

You’ll be assigned a wallet address (typically a long string of letters and numbers), and then you can send and receive thousands of cryptocurrencies through the wallet. Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money while software wallets are typically free. 

• Best Software Wallet: MetaMask

MetaMask is a cryptocurrency wallet that allows you to store, send and buy cryptocurrencies. When you open a MetaMask account, you will be assigned an Ethereum wallet address, and you can add other tokens via the wallet’s interface. In this instance, you’ll need to add ETH. This will be the address you will send your ETH to.

You must open and fund an account on a centralized exchange like Robinhood, eToro and Crypto.com and purchase ETH there. On your exchange, navigate to your ETH position. From there, you should see an option to send your ETH. Click on this and enter the address from your cryptocurrency wallet. Hit send, and your ETH should be in your wallet within a few minutes.

Trade, Sell or Convert Your FLOKI Coins

To trade or convert your FLOKI, navigate to the pair of FLOKI and the desired token. The list is very short, however, so there is a likelihood you will not find the pair you are looking for. Once you have located the trading pair, you can do the same process you used to swap for FLOKI to convert it back to either ETH or USDT.

Enter the desired amount and execute the trade. Your position will then be in the other token. To sell, you can take the other token, such as USDT or ETH, and send it back to your centralized exchange. USDT is the most widely supported and therefore the easiest to use. Once the USDT is in your centralized exchange, you can convert it to USD and deposit it in your bank account. 

Current Crypto Prices

Monitoring crypto prices is crucial for informed investment decisions. Check out our table below to stay updated on the price movements of major cryptocurrencies such as BTC, ETH, SOL and DOGE.

Is FLOKI a Good Investment?

FLOKI is a high-risk, speculative project. It's returns have been massive, but it's unlikely that cryptocurrencies surviving off hype will be viable long-term investments. Floki Inu was a fantastic investment if you bought in early enough and sold near the top. Plus, the digital asset was rug pulled by previous developers that have since left the team. Floki Inu price increases have been the result of their social media presence instead of actual progress. Before investing in FLOKI, it's important to conduct due diligence by examining the project's fundamentals, the cryptocurrency landscape, and personal financial goals.

Frequently Asked Questions