The native token of an innovative artificial intelligence network on the blockchain, FET went on an over 1000% run in early 2021 and still has a bullish market structure now in 2022.
Are you looking to buy Fetch.ai tokens (FET) online? Our guide has all you need to know about Fetch.ai before you make an investment. We have covered the best platforms to buy FET online, how to do so securely, and review the top brokers and crypto exchanges to use.
How to Buy Fetch.ai – Quick Steps
- Step 1: Open an account Visit your chosen broker’s website and open a free trading account. Users will have to submit ID and address proof for verification.
- Step 2: Deposit – choose from the wide range of payment methods supported on the platform.
- Step 3: Search for FET – Enter ‘FET’ in the search bar and click on ‘Trade’ when it appears.
- Step 4: Invest – Decide your investment amount and click ‘Open Trade’.
Where to Buy FET Coin
Looking for the best platform to invest in cryptocurrency online? Here are our best, safest, and cheapest options for you in 2024:
1. Huobi – Top-Rated Crypto Exchange with 4M Users
If you want to buy Fetch.ai, the Huobi crypto exchange immediately stands out as it is giving
away cash incentives up to $300. Founded in China, it has offices in Japan, Korea and Singapore.
It offers 350 cryptos along with 60 payment options. With the third-highest trading activity in the world (as an exchange), you can easily fund your account to buy crypto using Huobi’s maker/taker structure.
Although it allows you to buy crypto directly with credit cards, buying FET is possible only by using P2P trading.
Huobi keeps most funds in cold storage. It runs an HKD 50,000 scheme to reward Huobi users who identify potential fraudulent issues on-site (Trading Protection and Guardian Project).
Huobi also offers crypto staking and a top trading bot you can use to automate trades.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
2. Coinbase – Popular Cryptocurrency Exchange
Coinbase is a popular US-based exchange with 89 million verified users as of today. It is only a crypto exchange and investors cannot invest in any other asset. However, it offers a good trading environment helpful for beginners to invest in Fetch.ai online.
The procedure is simple. Create an account on the platform, verify your identity, select the currency to fund your account, and buy crypto with those funds. You can also store your FET holdings with Coinbase or use the free Coinbase wallet to store them. Coinbase does not let you deposit funds with PayPal.
In 2021, it became the first crypto exchange to go public (NASDAQ). It has put in place industry-standard security mechanisms to safeguard users’ accounts. It makes use of cold storage to store 98% of its funds.
When it comes to the assets it provides, there are more than 151 cryptos available for trading.
Coinbase’s fees are on a bit higher side. It charges a flat 3.99% commission on all credit card transactions. Switching to Coinbase Pro is cheaper as fees are nominal.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
3. Binance – Leading Exchange to Buy Fetch.ai with Credit Card
Binance is known for the highest trade volume among the top-rated crypto exchanges. It is
referred to as a more advanced trading platform with a huge crypto selection and powerful TA tools.
You can invest in Fetch.ai directly with a credit card. The charges on credit card transactions on Binance is 1% at the time of writing this. All you have to do is sign up and get verified. The Binance P2P exchange facilitates direct trading with other Binance users.
Binance charges a commission of 0.1% on traders, which is entirely based on a maker/taker slide. Binance does not hold any regulation from the FCA. However, it offers the highest security to its investors and has set up the Binance Secure Asset Fund to compensate if customers’ accounts ever get hacked. Binance’s Project Shield is underway since December 2021 and aims to audit new crypto tokens to prevent fraudulent entries.
Binance has its own crypto wallet – the Binance Trust Wallet. It is a free wallet, which runs as a smartphone app.
Like Coinbase, Binance has good online educative materials. Some customers feel that the verification process on Binance is complex. It operates in the US through Binance.US.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
What is FET Coin?
FET is the token of Fetch.ai, which is an artificial intelligence lab, with unique smart contracts that deploy AI and machine learning solutions on the blockchain. This contributes to decentralized problem-solving.
Fetch.ai platform offers open-source tools that facilitate users in the creation of diverse infrastructure and deploy fresh commercial models. It has an international team of engineers dedicated to blockchain, multi-agent systems, and AI. It uses next-generation distributed ledger technology.
Fetch.ai was incepted in 2017. The team includes specialists like Humayun Sheik, who is also its co-founder and CEO. Other members include Toby Simpson, Jonathan Ward, and Thomas Hain. The company has collaborated with BOSCH to launch V2.0 Mainnet, a blockchain network.
Other partnerships include Festo, Catena-X, YOTI, innovative telecom laboratories, Fireblocks, etc. Fetch.ai has also joined hands with OCP and OpenDAO. FET holders can use these on Binance Smart Chain to stake and mint USDO stable coins to earn OmniC tokens.
Should I invest in Fetch.ai Now?
Before you decide to invest in Fetch.ai, it is important to know the use cases of the coin. The network is known for intelligent data sharing and artificial intelligence that aims to solve the daily problems of organizations using AI and machine learning. These use cases contribute to efficiency by optimizing the existing systems.
Delivery Agents
A decentralized delivery network (DDN) gives the infrastructure that is used to deliver packages and pizza globally. DDN was created by Fetch.ai to establish the link between agents, autonomous vehicles, and delivery networks with the supply chain network.
AI Travel Agents
It helps in the cost reduction of intermediaries by connecting consumers and providers. AI travel agents ensure this connection and take care of matters relating to privacy, enhanced value, and customized experiences. Customers can directly get in touch with the hotels/service providers for travel bookings. This cuts down on hidden charges or third-party payments and saves more time.
Smart Cities Field Trial
By using AI digitization services, Fetch.ai provides mobility services to real estate establishments. The AI identifies available parking lots, and parking charge calculations, and ensures easy parking fee transactions.
Decentralized Finance
It helps to simplify digitalized trading for users. The tokens can be used for entities like base metals, steel, etc. It takes care of the security aspect and risk management for transactions. Hedging between raw materials and end products is also carried out.
Collective Learning
This tool enables users to engage with the ML model. They do not have to share the underlying data while doing so. It is an appropriate tool for functions that involve the input of personal information. Its scope of usage includes sectors like healthcare.
Supply Chains
It empowers supply chains. They can plan and strengthen partnership firms in addition to studying future patterns. This helps to tackle anticipated challenges.
Fetch.ai Price
FET Price chart
At the time of writing the FET price has pumped back above $0.44, helped by a Bitcoin price rally to over $47,000.
Many of the most popular altcoins have been rallying since bullish news of the Fed hiking interest rates by six basis points to stimulate the economy and combat inflation – suggesting it’s a good time to invest in more risk on assets like FET and other crypto coins.
The FET market cap according to Coinmarketcap is over $330 million. The all-time high price of FET was $1.20 in 2021 on Binance, and lower on other exchanges ($0.90 on the chart above as the brief blow-off top wick doesn’t register).
FET Price Prediction
Making a Fetch.ai price prediction is difficult as altcoins are highly volatile and sensitive to news and other market conditions. However, it does appear to have made a macro higher low in 2022 (as does Bitcoin).
That would suggest FET is a good investment now and has more potential upside than downside. The $0.30 – $0.35 area appears to have been flipped as strong support.
In the short-term, it could retest the $1 area in 2022 and set a new ATH in 2023 or in the run-up to the 2024 Bitcoin halving.
Ways of Buying FET Coin
Investors have plenty of options on the various cryptocurrency exchanges to buy Fetch.ai tokens.
Buy FET Coin with a credit card or debit card
Binance, Coinjar, and Huobi are some good options to buy this coin using credit cards. However, many platforms charge commissions.
When to Buy Fetch.ai
The two obvious strategies are short-term and long-term investments. FET is good for the latter. When you invest in Fetch.ai straight away and hold on to it for a long-term basis. You can also go for the Dollar Cost Averaging. It means investing on a regular schedule. Small and regular investments are ones preferred by many seasoned traders.
Conclusion
Artificial intelligence is regarded by many as a good investment vehicle for the future, and Fetch.ai combines that with cryptocurrency and the blockchain. FET tokens have generated a high level of investor interest.
In this guide, we covered how to buy FET crypto coins, a process that takes just a few minutes and can be done with Paypal, e-wallets, credit or debit cards, or a bank transfer. Currently ranked the #173 largest coin by market capitalization, the FET token has room to grow.