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FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees. We support the Ethereum (ERC-20) version of FTM, which is a multi-chain asset. FTM purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of FTM using a bridge.
- Fantom offers users the option to stake their FTM for a 4% annual percentage yield (APY).
- The key to remaining anonymous is to refrain from providing personally identifiable data.
- The primary token of the Fantom network is FTM, which can be used for payments, on-chain governance, network fees, and staking to secure the network.
- Fantom is a cryptocurrency that you can invest in when you want to diversify your crypto portfolio from the basic currencies such a Bitcoin and Ethereum.
- The other type of wallet is a cold wallet that will store your tokens offline.
- FTM coin is the native cryptocurrency of the Fantom project and has various use cases within the ecosystem.
- Keepkey is a hardware wallet with the utmost security and supports ERC20 and multiple coins.
The Fantom team boasts some of the most distinguished minds in cryptography. The FTM token has multiplied over 20 times its 2018 initial coin offering price of $0.04. Prominent crypto venture capital how to buy ftm firms like Alameda Research and Arrington XRP Capital are backing the Fantom blockchain to become a leader in the DeFi space. As of September 2021, FTM has reached an all-time high of $0.94.
Trade, Sell or Convert your Fantom (FTM)
As a popular cryptocurrency, Fantom can be purchased from pretty much any crypto platform. While this array of choices may seem overwhelming, this guide should show you the top options and whether they’re right for you. However, eToro trumps Binance when it comes to deposits as it supports free deposits while Binance charges $1 for bank transfers and 1.8% for credit card payments.
However, it’s pretty simple to get acclimated to the steps of the process. Here’s our guide to making your 1st investment in Fantom (FTM). We decided on the best platforms by first testing them individually. Our criteria for assessment include fees, deposit and withdrawal methods, reputation, credibility, security, ease of use, trading features, coin selection, and competitive edge.
The most trusted crypto-native finance platform
Some data is provided by outside sources, these third parties are not affiliated with Gemini. NatWest has said that its customers can use debit cards and Faster Payments to purchase crypto. However, the bank restricts payments to crypto platforms that it perceives as posing the highest risk of financial harm. NatWest customers that want to buy Fantom should try using a large and well-regulated platform. The minimum deposit to start using eToro is about £8 ($10), and buying FTM incurs a transparent fee of 1% plus spread.
You can also use a limit sell order to sell your coins when they hit a specific higher price. Day traders typically sell their tokens based on technicals for short-term profit. The Ledger name is one of the highest quality wallets for the offline storage of digital assets. To prepare your wallet to receive your FTM tokens, you will need to add the Fantom Opera software to your Ledger. The Ledger has an easy-to-use interface and also connects to Bluetooth or USB.
Ways to Invest in Fantom
However, some time and effort are invested, but this makes Coinbase the most trusted and reliable way to convert ordinary currency into cryptocurrency. So if you are interested in buying Fantom (FTM), read it till the end. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator.
In this guide, you’ll find the step-by-step process for investing in FTM with BYDFi. Now it is time to create an account with your chosen platform. You will need to provide your name and contact information, while some platforms will also ask for a photo https://www.tokenexus.com/eos/ ID and proof of address. You can fund your account once it has been verified by going to the deposit page and choosing your preferred payment method. If you’re looking for a simple way to buy Fantom, all you need to do is sign up with a crypto exchange.