Last Updated: 12/16/19

How to Buy PegNet | Beginner's Guide for 2020

PegNet is a stablecoin network with 30 assets on the platform including fiat, crypto, and precious metals. This enables store of value and payments that are secure and frictionless. The core token for the network is PEG.

PEG is a mineable token via proof-of-work that rewards miners with the native PEG token (5,000 per block) in exchange for submitting price data on all the pAssets through select and trusted API sources. Factom (FCT), Bitcoin (BTC), Indian Rupee (INR), and Gold are a few of the assets available. For a deep dive into Pegnet read our primer What is Pegnet?

Quick summary on How to Buy PEG:

Get a Coinbase account for Bitcoin Choose an exchange Transfer Bitcoin to exchange Purchase PEG token Transfer PEG to wallet for secure storage

STEP 1. Get a Coinbase Account

Sign up at ---> Coinbase (Get $10 in credit with this link)

STEP 2. Choose an Exchange

STEP 3. Transfer Bitcoin to Qtrade Account

You will first need a Bitcoin address to transfer into Qtrade. Log into Qtrade and click on Balances at the top. From here, click on Bitcoin at the left or Ethereum if you bought ETH. Next you will need to click on Deposit which will generate a new coin address. Copy the address .

Finally, go back to Coinbase and goto Portfolio > click on Bitcoin > Send. Paste your exchange address into the send BTC form, double check your addresses and click Continue > Confirm.

Voila! After a few confirmations, your Bitcoin will show in your exchange account.

STEP 4. Buy PEG Tokens

With your account funded, you're ready to buy PEG tokens. First, click Markets from the dropdown and select PEG. Then look at the bottom right of the screen to see the order form. Enter your desired price and the amount you want to purchase, double-check your entry, then click Place Buy Order .

STEP 5. Move to a Secure PEG Wallet

At the moment, a nice GUI wallet for PEG is still being developed and is currently in beta. Since all PEG are stored on Factom addresses, we recommend moving them using the Factom Enterprise wallet.

You will be unable to view your PEG from the Factom wallet but rest assured they are there. You can use the PEG block explorer to verify your tokens. Just enter your FCT address up top.