The Fire Token ($XFR) is a confusing cryptocurrency to buy. There’s no good guide out there explaining everything you need to know. That’s why we created this beginner’s guide. In this article, I’m going to walk you through how to buy The Fire Token so that you can start trading/investing in it.

What is The Fire Token ($XFR)?

How to Buy The Fire Token ($XFR)

The Fire Token is the world’s most deflationary asset (90% annual), so every day 0.6% of the supply disappears. This token is built on the Binance Smart Chain (BSC).

XFR’s aim is:

  • Be used as a store of value, that is always increasing because of its deflationary policy.
  • Help fight inflation and become a solution for countries like Venezuela, Turkey, and Argentina.
  • Be a coin whose price is always increasing.

How to buy The Fire Token ($XFR)?

The well-known website Coinbase has already enabled trading for Bitcoin Cash, Ether, and Litecoin, but what about what’s commonly referred to as altcoins? Here’s how to buy The Fire Token ($XFR)!

Step 1: Register on Fiat-to-Crypto Exchange

In this case, we need to buy USDT (USDT) from Coinbase.

Coinbase CryptoBuyClub

Coinbase is also one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

SIGN UP ON COINBASE & GET $10!

This can be done by going to the website and clicking “Sign Up.” You will be required to enter your name, and email address, create a password, and verify your email address.

Verify Coinbase Account

Coinbase KYC

During the KYC process, you may be required to add a picture of yourself holding up your government-issued ID and a picture of yourself holding up your driver’s license or passport. Once this is complete, you should have successfully registered and can now buy cryptocurrency!

Step 2: Buy USDT with fiat money

Coinbase CryptoBuy

Note: If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It’s cheaper to use bank transfers, but it’s slow — it can take up to a week to receive your coins. When your payment details are verified, click on the ‘buy/sell’ button in the top menu.

Step 3: Transfer USDT to an Altcoin Exchange

Now you will need to find an exchange that allows you to deposit USDT and trade it for XFR. As The Fire Token is currently listed on PancakeSwap we will guide you through how to convert your USDT on the platform.

We’ll be using Binance, but there are many other exchanges like ByBit, KuCoin, Kraken, Gate.io, and MEXC that offer Altcoins.

Learn more: How to buy Crypto from PancakeSwap using MetaMask Wallet

Step 4: Convert your USDT into BNB on Binance

Once you’re set up on Binance, it’s time to convert some USDT into BNB. You can do this by going to “Funds” and then “Deposits & Withdrawals,” where you’ll see a list of different coins supported by Binance. Scroll down until you find USDT in the list and click the Deposit button for it.

SIGN UP ON BINANCE

Binance will give you a unique address to send your coins to copy this address and paste it into your Coinbase wallet (it will look something like this: bbq3dgjm…).

Once you’ve transferred your USDT to Binance, it will take about 10–15 minutes for your funds to become available for trading. Once they’re available, trade your USDT to Binance Coin (BNB).

Step 5: Transfer BNB to your own wallet

Now head over to PancakeSwap. First of all, if you haven’t done so already, please sign up for an account by clicking on the yellow button in the top right corner. That’s where you’ll store your The Fire Token tokens and access a wide range of new features.

Once you’ve signed up, click on the “Connect Wallet” button. This will open MetaMask, a browser plugin that will allow you to send your BNB tokens to PancakeSwap.

If you’ve already got a Metamask account, skip ahead to the next part. If not, go to MetaMask.io, click “Get Chrome Extension”, and install it.

If this is your first time connecting with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is very important that you make sure you are sending your BNB via the right network.

Then go to Binance and click on the “Wallet” tab at the top of the screen.

Click on “Withdraw”, then search for “BNB”. Paste your own wallet address where you see an option named recipient address to withdraw BNB; then on the transfer network, make sure you have selected Binance Smart Chain (BSC) or BEP20 (BSC).

Click submit and follow the verification steps afterward. After successfully withdrawing your BNB it should arrive very shortly in your Metamask wallet.

Now you’re ready to buy The Fire Token!

Step 6: Connect MetaMask with PancakeSwap

Here’s how you can connect to PancakeSwap and start swapping tokens using MetaMask:

1. Log into your MetaMask account.

2. Click “Settings” on the top left corner of the browser extension, then “Advanced” and click “Connect to custom network” at the bottom of the advanced settings.

3. When you click “Connect to custom network” you will be prompted with a pop-up window asking you for the RPC URL and chain ID of PancakeSwap. You can find these on https://pancakeswap.info/

4. Add a new custom RPC with the following information:

Network Name: PancakeSwap (or any name you like)
New RPC URL: https://rpc.cakeswap.fi/
ChainID: 0x91 (For Mainnet) or 0x82 (For Testnet)
Symbol: CAKE
Block Explorer URL: https://bscscan.com/ (or any other explorer site of your choice)

5. Click Save, then select PancakeSwap from the list of networks that appears when you click the network name on MetaMask.

Step 7: Swap BNB for XFR

On the top field enter the amount of BNB you would like to exchange for $XFR. You can go back and change this number anytime before proceeding with “Swap”.

Now click on the other field and choose The Fire Token from the list. The corresponding amount of The Fire Token should show up immediately. Verify and then proceed with “Swap”.

Now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB tokens, click confirm. Wait for the confirmation popup until it shows “Transaction Submitted”.

You can see your The Fire Token in your MetaMask Wallet. Congratulations! You have finally bought The Fire Token ($XFR)!

See more: How to buy crypto from UniSwap with Metamask wallet

Frequently Asked Questions

Can I buy The Fire Token on Coinbase?

Where can I buy The Fire Token crypto?

What exchanges sell The Fire Token?

Is The Fire Token crypto?

How do I buy The Fire Token with PayPal?

Can I buy The Fire Token through Cash?

Can I mine The Fire Token instead of buying?

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store