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How & Where to Buy Fantom A Step-by-Step Guide to Buying FTM

  1. Sign up at Gemini, the #1 rated FTM exchange.
  2. Fund your account with cash or crypto.
  3. Buy FantomFTM
  1. STEP 1Find the Best FTM Exchange
    • 1486429286
      Ease of use
      Very Easy
      Time to 1st Buy
      10 min
      24h Volume
      $20,659,392
      Coins
      59

      Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only features most of the well-known cryptocurrencies.

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      66

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states, including New York & Texas.

    Go to Gemini and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Fantom FantomFTM quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy FTM with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for FTM.

Frequently Asked Questions About Buying & Selling Fantom (FTM)

How do I Buy FTM with Crypto?

If you want to buy FTM with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Fantom (FTM)?

To sell FTM, simply reverse the buying process described above. You will likely need to trade your FantomFTM into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Fantom Research Center

Fantom Technical Details & Statistics

Tokenomics
  • Market Rank63
  • Market Cap669,116,643
  • Circulating Supply2,545,006,273
  • Total Supply2,545,006,273 FTM
  • Max Supply3,175,000,000
Yesterday's Trading
  • 24 HR Volume122,387,270 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Fantom (FTM)

Dr Ahn Byung Ik, a South Korean computer scientist, founded the Fantom Foundation in 2018. Michael Kong is the CEO/CIO, and Quan Nguyen is the CTO. The global Fantom team consists of scientists, engineers, entrepreneurs and designers, all with the same vision to create and build an infrastructure for a “more democratic and efficient future” by integrating advanced technologies and making them more accessible to everyone worldwide.

In December 2019, Fantom launched the OPERA mainnet compatible with EVM (Ethereum Virtual Machine). It “provides full smart contracts support through Solidity. We designed Opera to overcome the limitations of older generations of blockchains, keeping the compatibility with Ethereum for seamless dApp porting.” – Fantom website.

What Is Fantom (FTM)?

Fantom (FTM) is a “directed acyclic graph (DAG)” smart contract platform that provides DeFi services to developers using a bespoke consensus algorithm. A DAG is different from a blockchain. Transactions are recorded on top of each other as vertices, not blocks. Fantom (FTM) aims to solve smart contract platform issues. 

$FTM is the native token powering the Fantom ecosystem used as network payment fees, staking for rewards and on-chain governance. $FTM token holders can vote with one token per vote.

The Fantom ecosystem has two primary technologies: –

  • Lachesis protocol – secures the Fantom network
  • Opera mainnet -EVM compatibility

Fantom can help with blockchain development, from building a software suite with full features to developing a consensus algorithm. Also, via the Ethereum Virtual Machine (EVM), developers can easily port existing Ethereum dApps across to the Fantom platform.

What Makes Fantom (FTM) Unique?

To facilitate DeFi and services based on smart contracts, Fantom uses a “scratch-built consensus mechanism” called Lachesis for high-capacity, super-fast transactions, and high security across leaderless PoS (proof of stake) consensus mechanisms, plus low finality (meaning that you cannot change or reverse a transaction).

Unlike many PoS systems, validators on the Fantom Opera mainnet do not influence transaction validity. 

A leaderless and permissionless consensus protocol means that all nodes are equal, and anyone, at any time, can leave or join the network. That aspect alone makes the Fantom network technology stand out from other cryptocurrency networks.

In addition, Lachesis is ABCI (AI Bridging Cloud Infrastructure) compatible, so it can seamlessly integrate with other blockchains as separate consensus modules.

Fantom Solves the Blockchain Trilemma

Most blockchains with distributed ledger technologies have struggled to marry essential criteria: 

  • Speed
  • Security
  • Scalability
  • Decentralization

For instance, the Bitcoin proof of work (PoW) consensus protocol provides strong security but at the cost of dismally slow transaction speeds.

Fantom achieves an “aBTFT” (Byzantine Fault Tolerance) consensus. Transactions process asynchronously, increasing throughputs and speeds compared to synchronous BFT ledgers like Bitcoin and Ethereum.

“On Fantom, you can use your FTM to mint fUSD and access the DeFi tools. You can use fUSD to trade synthetic assets, or lend it to earn interest and borrow synthetic tokens.” – Fantom website

Fantom is also Cosmos SDK compatible. Developers can use the aBFT consensus mechanism as a foundational layer and then use Cosmos SDK on top of it.

How and Where to Buy Fantom (FTM)?

When you’re ready to buy Fantom (FTM), choosing a reputable crypto exchange is essential. Binance is a highly regarded exchange with a good range of services and fiat currency options:

  1. Sign up with Binance – it’s easy to get started. Have copies of your identification documents ready for KYC
  2. Deposit methods Binance accepts Visa and Mastercard, wire transfers, and cryptocurrency deposits
  3. Click on the exchange tab – Fantom (FTM) is paired with several currencies: FTM/USDT, FTM/BUSD, FTM/BTC, FTM/TRY, FTM/BNB, FTM/ETH, FTM/AUD, FTM/BRL, FTM/BIDR, FTM/RUB
  4. Purchase your preferred pair
  5. Securely store your Fantom (FTM) – you can use the Binance exchange wallet or Trust Wallet, the Binance mobile wallet app

How do I Sell Fantom (FTM)?

When you are ready to sell your Fantom (FTM), it’s straightforward to do so: –

  1. Convert your $FTM tokens to a stablecoin like $USDT
  2. Transfer the $USDT to an off-ramp platform. You might wish to use Coinbase or Gemini
  3. When the $USDT completes, you can convert it to your chosen fiat currency and request a withdrawal to your bank account. Hopefully, you’ve made a good profit on your Fantom (FTM) investment, which you can now enjoy

Should I Buy Fantom (FTM)?

We aren’t investment experts and advise doing your due diligence before investing in any financial instrument. Still, if you want to invest in Fantom (FTM), choose a reputable cryptocurrency exchange like Binance. The platform has a broad range of services, markets, and coins.

Two other exchanges you may consider are: –

  1. KuCoin – known as the people’s exchange, KuCoin has over 1100 markets and more than 600 coins to choose from. The platform offers non-custodial and custodial wallets and has high-security levels
  2. Gate.io – the crypto exchange has over 2300 markets. Including Fantom (FTM), Gate.io lists more than 1350 coins. The platform has the added benefit of a cold storage wallet (the “S1) as well as an exchange wallet 

How do I invest in Fantom (FTM)? Safely?

If you’re investing in $FTM tokens, it’s essential to choose a cryptocurrency exchange with a good reputation and, after your purchase, securely store your $FTM holdings in a trusted wallet. Three cryptocurrency exchanges we recommend are Binance, Gate.io, and KuCoin.

$FTM pairs available on Gate.io and KuCoin

  • Gate.io – FTM/USDT, FTM/ETH, FTM/USD
  • KuCoin – FTM/USDT, FTM/BTC, FTM/ETH