Floki Inu
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With the meteoric rise of memecoins, you may want to know how to buy Floki Inu in Australia. In this post I will provide a step by step guide with two different methods on how to buy Floki Inu in Australia. 

The first method is probably the simplest and it involves using Swyftx and Gate.io. While the second method is a bit more complex and involves using Swyftx, Metamask and Uniswap. 

Some cryptocurrencies, like Floki Inu can only be bought on decentralised exchanges via another cryptocurrency. In this guide, our first method will involve using Gate.io and we will use USDT as the cryptocurrency to swap for Floki Inu. In this guide our second method will be using Uniswap as the decentralised crypto exchange and we will use ETH as the cryptocurrency to buy Floki Inu with.

What is Floki Inu (FLOKI)

Floki is the name of Elon Musk’s dog, which happens to be a Shiba Inu breed. The Floki Inu crypto is named after Musk’ dog. Floki Inu was created by fans from the Shiba Inu (SHIB) community, in honour of Floki.

Floki is a traditionally viking name, as such the Floki Inu creators have set out a plan to create an NFT gaming metaverse called Valhalla. Additionally they are working on an educational content platform and a merch marketplace. They have partnered with CryptoCart which will allow FLoki Inu holders to purchase real world goods with Floki Inu tokens.

How to Buy Floki Inu Coin In Australia – Method 1

Buy USDT:

  1. You will need to sign up to a crypto exchange. My favourite is Swyftx and you can sign up to Swyftx here, or any other exchange of your choice.
  2. You will need to complete the KYC and onboarding process for Swyftx.
  3. Once complete, you will be able to fund your account. You can do this via bank transfer, PayID, POLi payment or using a credit card.
  4. Once your account is funded, hit the Buy button and search “USDT”.
  5. From here you can select how much USDT you want to buy, review the order details and then complete the transaction.
  6. You now have USDT in your Swyftx wallet. We now need to send this to your Gate.io account.

Swyftx App

Swyftx App

Set Up Gate.io Account

You will need to set up a Gate.io account in order to be able to buy Floki Inu using this method. This is definitely the easiest method to use, although forewarning the Gate.io account may look pretty complex to new Crypto users. Follow the steps below to Buy Floki Inu.

  1. You will need to sign up to a Gate.io account. This is the easiest option and you can sign up to gate.io here.
  2. You will need to complete KYC and verify your account.
  3. Once complete, you can transfer the USDT from Swyftx to your Gate.io account. Make sure you select the correct wallet, if sending from Swyftx it should be ERC-20, but double check this. You can always send their customer support a message.
    1. You will be able to get the wallet address and then send the funds from Swyftx to this address
  4. Once your account has been funded, you are able to search FLOKI_USDT.
  5. You then select “Buy (USDT-FLOKI)”
  6. Follow the instructions to complete your order!

Gate.io

Gate.io

How to Buy Floki Inu Coin In Australia – Method 2

This will be Method 2, and it will explain a different way to buy Floki Inu. It will require you to have some ETH. If you want to buy Floki, follow these simple steps below to get some ETH, and purchase Floki.

Buy Ethereum:

  1. You will need to sign up to a crypto exchange. Swyftx is my favourite and you sign up to Swyftx here, or any other exchange of your choice.
  2. You will need to complete the KYC and onboarding process for Swyftx.
  3. Once complete, you will be able to fund your account. You can do this via bank transfer, PayID, POLi payment or using a credit card.
  4. Once your account is funded, hit the Buy button and search “ETH”.
  5. From here you can select how much ETH you want to buy, review the order details and then complete the transaction.
  6. You now have Ethereum in your Swyftx wallet. We now need to send this to your Metamask wallet.

Set Up Metamask Wallet:

Before you can buy Floki with Uniswap, you will need to create a Metamask wallet. This will be the wallet that allows you to interact with the decentralised exchange. Follow the steps below to do this.

  1. Go to https://metamask.io/ and download the Meta Mask extension 

  1. Once installed you will be prompted to select between two options, for this example select “Create a wallet”
  2. You will be prompted to put in a password and agree to a disclaimer
  3. You will then be given a Secret recovery phrase. This will comprise of 12 random words, ensure you store this safely and don’t lose it, otherwise you may never be able to access this wallet again!
  4. Once you have stored the Secret recovery phrase away, you are ready to move to the next step.

Send Ethereum To Metamask Wallet:

Now that you have purchased ETH in your Swyftx account and set up a Metamask wallet. You will need to transfer the ETH to your Metamask wallet. Follow the steps below to do this.

  1. You will need to send your Ethereum from your Swyftx wallet to your Metamask wallet.
  2. In the Swyftx app, select ETH and it will open up a specific page with your ETH wallet.
    1. From here you need to click the button that says “send ETH”
    2. Now you will need to get your Metamask ETH address and give it a nickname, see the next step for how to do this.
  3. You will need to get the address for your MetaMask wallet, you can do this by opening the extension in your browser, select the three dots and click account details. From here you can copy and paste the address to your cryptocurrency exchange and send the ETH. 
    1. PLEASE NOTE: Make sure you are sending to the correct contract address. For example, if you are sending ETH make sure you have the Ethereum Mainnet selected in your Metamask Wallet.
  4. Once you have copied your address and selected it, you will need to choose how much ETH you are going to send.
    1. You can do this either by an $AUD amount or quantity or asset amount.
    2. You will also be required to select a reason for the withdrawal too, in this case you can select transfer to Personal wallet.
  5. At the bottom of the page you will be provided with a summary. This summary shows the fees that will be charged and the remaining amount that will be received in your Metamask wallet.
  6. Provided you are happy with this amount, you can click the “send to this address” button.

Buy Floki Inu

Now that you have ETH in your Metamask wallet, you are all ready to buy Floki Inu. In order to actually be able to buy FLoki Inu, you need to use Uniswap. Follow the easy steps below for a way to buy Floki with Uniswap.

How to buy floki inu in australia

Uniswap View

  1. You will need to head to UniSwap using the same internet browser that you downloaded your Metamask wallet with.
  2. In the top right corner, you will need to click the button “Trade”.
  3. This will take you to another screen, where you will need to select which assets you are trading.
    • You may get a warning sign, asking you to import a token. Just ensure this is FLOKI, then hit import.

How to buy Floki Inu in Australia

Import Token

  • In our example, we are using ETH, so make sure ETH is the top asset. This is the assets you are trading from.
  • The bottom asset is what you are trading for. We want to buy Floki Inu, so type in FLOKI

Floki Inu

Floki Inu

  • Once you have selected the assets correctly, you will need to connect your Metamask wallet if it hasn’t happened already.
  • Once your wallet is connected your ETH balance should appear in the top section. From here, just type in how much ETH you want to swap for FLOKI.
  • You will be given an estimated amount of Floki Tokens you will receive for the amount of ETH. Many factors impact this, including the Floki Inu price, gas fees and liquidity.
  • If you are happy with everything, you can click the “Swap” button on the bottom.
  • This will then trigger the Metamask wallet to ask for verification. Once you verify the transaction will occur.
  • Congrats, you know have Floki Inu tokens.

Bonus Step – Move Floki Inu tokens to a Hardware wallet

For extra security once you purchase Floki Inu tokens, you could move them to a hardware wallet. A hardware wallet keeps your digital assets extremely safe, and they have extra security features.

Hardware wallets are a great option if you are worried about the security protocols of digital wallets connected to the internet. Wallets such as the Ledger Nano S and Ledger Nano X are cold wallets. They have military grade security and at a very reasonable price are a great way to add an extra layer of security for holding your digital assets or meme coins.



 

FAQ’s

Hopefully you have found this guide helpful so far, and now understand a couple of options of how to buy Floki Inu in Australia. I have collated some common questions regarding this process below.

Risks of Buying Floki Inu

Floki Inu is a meme coin, with that comes crazy volatility. People that bought at the all time high are sitting on some big losses right now. So there are always risks investing in Cryptocurrencies, but a lot more so with meme coins. So factors to look at are the market cap of meme coins and the founder transparency. 

Coins with a huge market cap, but the asset isn’t even $1 are often a bit concerning. Likewise, if the founding team isn’t doxxed it’s a little concerning and will carry a lot of risk.

Is Floki Inu the Best Crypto to Buy in 2022?

Floki Inu, Shiba Inu and Dogecoin all had stratospheric gains in 2021, however that means nothing for 2022. You should never listen to anyone on the internet telling you a specific asset is the best. Nobody knows this, if they did they would be a lot richer than Elon Musk!

Nobody can predict the price of Floki. The Floki price is driven by trading volume and many other crazy market factors. So ignore anyone giving out Floki Inu price predictions!!

Is Floki Inu a good investment?

This will definitely depend on what you think or want out of a good investment. For some people, the disproportionate upside that meme coins like Floki Inu and Shib Inu offer could be a good investment. For others, the volatility and unknown real world value of Floki may mean others don;t think it’s a good investment. At the end of the day this will always come down to your personal preference.

Selling Floki Inu

If you want to sell your Floki coins, you can complete either of these methods in reverse. It should be simple to sell your Floki crypto using either of these methods.

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