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Get TFT(Stellar) on StellarTerm

Table of Contents

Introduction

Welcome to our tutorial on how to get TFT (Stellar) using Stellarterm!

Stellarterm is a user-friendly decentralized exchange (DEX) built on the Stellar blockchain. It allows you to trade and manage various assets directly from your Stellar wallet. With Stellarterm, you have full control over your funds as it operates in a non-custodial manner, meaning you retain ownership of your private keys and maintain complete security.

In this tutorial, we will walk you through the process of buying TFT (ThreeFold Token) on Stellarterm by connecting your preferred Stellar wallet. By following the steps outlined in this guide, you will be able to access the Stellarterm DEX, navigate the trading interface, and execute transactions to acquire TFT tokens seamlessly.

Prerequisites

  • An external Stellar Wallet: You should have a Stellar wallet of your choice set up for it to be connected to StellarTerm. Read here for the complete list of Stellar Wallet you can use.

  • XLM: When buying TFT tokens using StellarTerm, the process involves swapping XLM (Stellar Lumens) or other Stellar tokens into TFT. Please note that a certain amount of XLM funding is required to facilitate the sending and receiving of assets on the Stellar network.

Get Started

Login with an Existing Wallet

Once you have completed the prerequisites, you can get TFT on StellarTerm by going to https://stellarterm.com/, click 'LOGIN' button in the top right corner and welect your desired wallet provider from the list of options.

Once connected, you will see your wallet's account details and balances on the dashboard. If you already have added TFT as an asset in your wallet, it will show TFT on the asset list.

Adding TFT as an Asset

  • IF you didn't already have TFT asset on your wallet, you can add it by going to https://stellarterm.com/markets/ , go to the very bottom of the page, find the 'Exchange Pair' section, and Select the trading pair you wish to trade. For example, if you want to trade TFT for XLM, choose the TFT/XLM pair, and click on 'Start Trading'.

  • You can also add TFT by manually entering TFT asset infos on 'Markets' > 'Custom Exchange Pair' at the very bottom of the page,

    • Asset Code: TFT
    • Issuer Account ID or federation: GBOVQKJYHXRR3DX6NOX2RRYFRCUMSADGDESTDNBDS6CDVLGVESRTAC47

Select the trading pair you wish to trade. For example, XLM and click on the trading pair.

IMPORTANT: It is important to ensure that you also see the name "threefold.io" next to the logo, the correct Asset code, or the correct Issuer Account ID or federation, as this verifies that you are selecting the genuine TFT asset associated with ThreeFold. Beware of imposters or fraudulent assets that may attempt to mimic TFT. ThreeFold cannot assume responsibility for any errors or mistakes made during the trustline creation process done by users. If you have any uncertainties or doubts, it is always recommended to seek assistance from official support channels or trusted sources to ensure the accuracy of the trustline configuration.

Get TFT by Trading

Once you completed the previous step, you can start trading TFT on StelarTerm by placing a new trade offer on the 'Create new offer' section of the TFT/XLM exchange page, or any other trading pair you prefer. Please Remember to review and double-check all order details before confirming the trade.

Read the full details about StellarTerm's trading feature on StellarTerm's knowledge base.

Get TFT by Swapping

You can also get TFT on StellarTerm by using it's 'Swap' feature by going to https://stellarterm.com/swap/ and Select the trading pair you wish to trade. For example, if you want to trade TFT for XLM, choose the TFT/XLM pair.

Enter the amount of the selected token you wish to swap from XLM to TFT. Review the details of the swap, including the estimated rate and any applicable fees.

Click on the "Swap" button to initiate the swap.

Stellarterm will generate a transaction for you to review. Confirm the transaction details, including the amount and destination address. If everything appears correct, approve and sign the transaction using your connected wallet.

Stellarterm will process the swap transaction on the Stellar network. Once the transaction is confirmed, you will see the acquired TFT tokens in your wallet's balance.

Disclaimer

The information provided in this tutorial or any related discussion is not intended as investment advice. The purpose is to provide educational and informational content only. Investing in cryptocurrencies or any other assets carries inherent risks, and it is crucial to conduct your own research and exercise caution before making any investment decisions.

The ThreeFold Token (TFT) is not to be considered as a traditional investment instrument. The value of cryptocurrencies can be volatile, and there are no guarantees of profits or returns. Always be aware of the risks involved and make informed choices based on your own assessment and understanding. We strongly encourage you to read our full disclaimer and seek advice from a qualified financial professional if needed.