Fantom (FTM) is a decentralized blockchain network designed for decentralized applications (dApps) and virtual assets. Its unique consensus mechanism, Lachesis, ensures fast transactions and low fees, making it accessible for everyday users. The native token, FTM, can be staked, used for transaction fees, and deployed across dApps within the ecosystem.
This guide walks you through buying Fantom (FTM), securing your tokens, and exploring the network’s potential for investors and users.
Table of Contents
3 Steps to Buy Fantom (FTM)
Step 1: Sign Up to a Broker or Exchange
- Choose a crypto exchange (e.g., Binance, Coinbase) or brokerage.
- Complete KYC verification by submitting ID and contact details.
Step 2: Deposit Funds
- Fund your account via debit/credit card, PayPal, or bank transfer.
Step 3: Buy Fantom
- Convert fiat to a base currency (e.g., USDT or BTC).
- Search for FTM and select a trading pair (e.g., FTM/USDT).
- Enter the amount and execute the trade. Your FTM will appear in your portfolio instantly.
👉 Compare top exchanges for buying FTM
Where to Buy Fantom
FTM is available on:
- Centralized Exchanges (CEXs): Binance, Kraken, OKX.
- Decentralized Exchanges (DEXs): Uniswap, SpookySwap (requires a non-custodial wallet).
Why Buy Fantom?
- Speed & Affordability: Transactions cost less than a cent.
- Robust Ecosystem: Hosts dApps like Geist (liquidity protocol) and SpookySwap (DEX).
- Staking Rewards: Earn passive income by delegating FTM.
- Active Development: Regular upgrades despite founder transitions.
Where to Store Your FTM
- Exchange Wallets: Convenient but less secure.
- Non-Custodial Wallets: MetaMask, Trust Wallet (self-controlled).
- Hardware Wallets: Ledger, Trezor (optimal security).
👉 Secure your FTM with a hardware wallet
Frequently Asked Questions
Can I buy FTM directly with fiat?
Yes, on exchanges like Kraken or Coinbase.
Is Fantom a good investment?
FTM’s utility in a fast-growing ecosystem makes it a compelling option, but always research risks.
How do I stake FTM?
Delegate tokens via Fantom Wallet or supported exchanges.
Key Takeaways
- Fantom combines speed, low fees, and dApp versatility.
- Purchase FTM in 3 steps: Sign up, deposit funds, trade.
- Store tokens securely in hardware wallets for long-term holdings.
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