Converting Fiat into Ethereum

SyncFab
SyncFab
Nov 14, 2017 · 2 min read

Hi, and welcome!

In this blog post, we would like to show you how to convert fiat into Ethereum.

To start off, what is “fiat” you might ask? Well, it’s a form of legal tender whose value is backed by the government that issues it.

Some examples are: USD (US Dollars), GBP (British Pounds), EURO (Eurozone Currency), etc.

To buy the MFG Token, you will need to have Ethereum, of which is a digital currency. Since Ethereum doesn’t magically show up in thin air (here’s to hoping and praying it does…), some buyers would first need to convert fiat into Ethereum. The easiest and safest way to do that is through the many exchanges now available online.

With that, we would like to recommend the following list of exchanges where you will be able to convert fiat to Ethereum. They are recommended by because of their reputation, experience, and top security best practices.

Gemini.com

Coinbase.com

Kraken.com

PLEASE KEEP IN MIND: Do not send Ethereum to the SyncFab MFG Token Smart Contract. It must first be sent to your MyEtherWallet, then sent from there.

To learn how to create a MyEtherWallet, please read the following tutorials:

  1. How To Create an Ethereum Wallet with MyEtherWallet
  2. How To Access Your MyEtherWallet

Bitcoin users? There’s a tutorial for you as well:

How to buy MFG Tokens with Bitcoin (BTC)


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SyncFab is the first peer-to-peer blockchain for the manufacturing supply chain. Learn more at https://blockchain.syncfab.com

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