How to Buy Fantom (FTM) in 4 Easy Steps

Automatically updated 3 minutes ago

Quick Answer:

You can buy Fantom and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Fantom.
  2. Register a new account.
  3. Fund your account.
  4. Buy Fantom.
FTM
$0.33898128000928

These steps are simple if you know where to buy Fantom cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Fantom (FTM) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Fantom Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

69

Only 69 of these exchanges sell Fantom.

We then filter down the entire set of possible marketplaces to only the ones that have active FTM markets.

35

Only 35 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

6

Only 6 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we โ™ฅ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully createdโ€‹โ€‹.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy Fantom cryptocurrency.

You can buy Fantom on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy Fantom (FTM)

After registering and funding your account at Binance, you should be able to buy Fantom after your deposit finishes processing. After you receive your FTM, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Fantom Exchanges

Fantom is also available on these exchanges:


About Fantom

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.ย 

$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.ย 

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:ย 

  • 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.

โ€œOn 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.โ€ – 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 โ€“ 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) โ€“ 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 walletย 

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
Fantom (FTM)
Price
$0.33898128000928
24h Change
2.8
7d Change
11.0