Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The platform also makes it easy for users to deposit and withdraw funds, providing swift and convenient alternatives for converting fiat currency into crypto and vice versa. Simply go to the sell section of your account and input the number of tokens you would like to sell. Confirm your details and wait a few seconds for your transaction to be processed.
When purchasing Fantom, it’s important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you’ve done this, always transfer your cryptocurrency to a hardware wallet. That way, no matter what happens to that exchange, your cryptocurrency is safe.
How to buy Fantom (FTM)
And, you do not need to click on all of the versions, you can choose the ones you want or need. This will help you to find the original app and avoid malicious apps that could jeopardize your Fantom and other coins. While we cover a range of products, our comparison may not include every product or provider in the market.
- You will then need to click on ‘Confirm’ to complete the transaction.
- When choosing a centralized exchange, make sure that it supports Fantom (FTM).
- We use cutting-edge AI models to forecast future prices for stocks and crypto.
- After setting up your six-digit password, you will need to confirm the password and move on to the next step.
Step 4: Set up storage
You can do this by clicking on the ‘Add Tokens’ prompt and searching for ‘Fantom’. Here, you will see a list of Fantom tokens on different chains that you can then enable by clicking on the slider next to them. The whole process can take as little as 15 minutes and all you’ll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Now, let’s delve into the step-by-step process of buying FTM with BYDFi. Fantom is a smart contract-enabled blockchain that provides a robust environment for dApp development.
If so, Fantom can be quite a valuable coin in the future and bring you a high return on investment. So, you can buy the Fantom coin, but consider the risks of losing your capital in case Fantom does not succeed in bringing the goals into reality. All you need is to open an exchange account where you can select the number of tokens you would like to purchase or sell.
- As a relatively new asset class, crypto is expectedly more volatile than, say, stocks or bonds.
- But before you start buying it, first, you need to decide which platform you will use.
- If you want to buy Fantom, we suggest using a regulated cryptocurrency exchange like BYDFi.
- Here is a detailed guide about the Fantom project which introduces everything you need to know if you want to invest in the FTM coin.
Buying the token is a fast and easy process, and all you have to do is go to the sell section of the account and then select the amount you want to buy. After confirming your transaction, you will receive a notification at your email address. Fantom coin is the native cryptocurrency of Fantom blockchain which was founded by Fantom Foundations in 2018. It is a blockchain platform that enables running smart contracts and building dApps using its protocol.
Markets
Once the verification process is completed, full trading and transfer capabilities will be enabled for your account. We looked at Fantom price predictions on three of the popular platforms all of which show that FTM coin value will grow in the upcoming years. So, Tradingbeasts considers that the FTM coin will reach $0.34 in one year and it will be traded at above $0.47 in 2025. The other type of wallet is a cold wallet mainly found in hardware devices such as USB drives. It is suitable for institutional investors who want to hold large amounts of the token or those who want to hold the tokens for long-term speculation.
Best Fantom wallets to store your FTM
There are multiple other examples of such platforms in the Defi market, with the most popular ones being Ethereum, Cardano, and Solana. Fantom is a high throughput smart contract platform for building digital assets and decentralized applications. DeFi is prevalent within Fantom as users can supply liquidity, mint assets, lend and borrow, and trade with one another. Fantom is based on the Ethereum Virtual Machine (EVM), which means that if you’re familiar with interacting with Ethereum, then you will not have a problem figuring out the features within Fantom. In this part of the article, we will introduce a complete guide explaining how to buy Fantom coins in the US on a cryptocurrency exchange.
This token is also used to ensure the network is secure and as a governance token. The token’s supply is capped at 3.175 billion FTM with 2.1 billion in circulation, while the rest is reserved for staking rewards. To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready. It is important to note that purchasing crypto with BYDFi via fiat currency will incur transaction fees from service providers. You will need to check the official website of the respective provider for the actual cost.
Another factor you need to consider when choosing an exchange is the broker fees How to buy fantom charged on transactions. It is best to go with the exchange that charges the fees that you are most comfortable with. You are also advised to select an exchange that can support multiple cryptocurrencies because this will make trading easier.
After buying a Fantom coin, you need a place where you can securely hold your tokens, and this is a crypto wallet. Crypto wallets will keep your tokens safe so that you do not have to worry about them being vulnerable to attacks on the exchange. After opening the account, you will need to deposit funds in the account you can use to complete your transactions. To fund the account, you can deposit USD if the exchange permits this. In this case, you can use your credit card or bank account and link it directly to the exchange.
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Always confirm important product information with the relevant provider and read the relevant disclosure documents and terms and conditions before making a decision. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Fantom has been performing recently. Once you have fully comprehended the risks, here are the steps to buy the new FTM coin. Fantom tries to overcome this trilemma with its pioneering proof-of-stake (PoS) consensus algorithm called Lachesis. The other thing you need to look at is the performance of the tokens. It is always advisable to go for the token that has been performing well in recent months.
However, it is also available as an ERC-20 token on Ethereum, represented as FTM (ERC20). No more storing your assets across multiple custody wallets or exchanges! With Trust Wallet, you have peace of mind knowing all your assets are in one safe place. To securely store and manage Fantom tokens, you need a Fantom wallet, which Trust Wallet provides. After purchasing your crypto, you can either store it in your personal crypto wallet or keep it in your BYDFi account. Select your preferred method of payment, review your trade details, and swipe to confirm your order.
Create or import an existing crypto wallet address to store, send, and receive crypto and NFTs. In contrast to centralized exchanges like KuCoin, decentralized exchanges provide trustless crypto swapping based on self-executing smart contracts. Decentralized exchanges like Uniswap support buying and trading of thousands of crypto trading pairs. Most tokens are on EVM-compatible blockchains such as Ethereum and Polygon. To interact with a DEX, you will need to connect to the DEX using a compatible wallet such as MetaMask. Fantom (founded in 2018) is a blockchain platform often viewed as a viable alternative to the Ethereum network.
Whether buying Fantom cryptocurrency is a good idea or not depends on your budget and investment goals. In fact, like most of the other crypto assets, investing in Fantom involves high risks. Meanwhile, Fantom is among such crypto projects that offer valuable products to the Defi market. Considering its unique technologies, Fantom seems to be a promising blockchain project. As mentioned previously, Fantom blockchain issues a native cryptocurrency called FTM.
Thankfully, a fresh wave of blockchain platforms has emerged that address these hurdles. Fantom, with its native token FTM, aims to upend the blockchain industry, positioning itself as a credible contender in the cryptocurrency space. If you’re considering exploring the potential of Fantom, you’ve come to the right place. To buy Fantom coin in the US, you should open an account on a cryptocurrency exchange that supports FTM coin and operates in the US. Then, you must deposit funds into your account to purchase FTM coins.