Updated on March 13, 2023 10:42 AM
Let's talk about where you may get Fantom in this post today. The top 7 exchanges where you may purchase Fantom are given below.
Do you want to know where to invest in smart contract solutions and buy Fantom? Then you've come to the correct place!
Fantom is a cryptocurrency project that aims to achieve the holy grail of a high throughput blockchain while retaining a suitable amount of decentralisation.
The Ethereum Virtual Machine (EVM) is compatible with this cryptocurrency network, therefore any decentralised application (dapp) built on Ethereum may also be installed on Fantom by simply copying and pasting the deployment code. There are now more than 80 dapps accessible on the Fantom platform as a result of how simple it is to switch from Ethereum to it.
Fantom is a rather well-liked cryptocurrency that can be traded on several of the biggest cryptocurrency exchanges worldwide. Let's move on to the main subject of the day: Where can you buy Fantom?
The fact that so many developer tools designed for Ethereum work with the Fantom blockchain is a big benefit. The Fantom dapp ecosystem has quickly expanded thanks to this and the Fantom Foundation's fund for developers, and the goal is to support Ethereum's growth rather than compete with the most well-known turing-complete blockchain in the world.
The Lachesis consensus method, which permits quick and inexpensive transactions and might be appealing to individuals who are new to utilising dapps, is another significant benefit of Fantom. Also, users of Lachesis may earn up to 13% APY on their FTM tokens.
Next, let's talk about where you may buy Fantom.
One of the biggest and best-known cryptocurrency exchanges in the world is Binance. Both reduced costs than other exchanges and improved liquidity, allowing you to purchase and sell rapidly to take advantage of market-moving news, are advantages of buying Fantom (FTM) here.
For investors living in Australia, Canada, Singapore, the UK, and other countries, this exchange is the greatest option. Citizens of the USA cannot purchase most tokens.
With over 9,000,000 members and a quarterly trading volume of over $207 billion, Kraken, founded in 2011, is one of the most reputable brands in the cryptocurrency sector.
Kraken, which started small, now provides over 200 digital assets, including Fantom (FTM). Moreover, Kraken offers futures and margin trading for more experienced customers.
By being among the first exchanges to provide purchasing options on new coins, Kraken has continued to develop its platform and demonstrate its dedication to the sector.
For inhabitants of the USA, Kraken is our top-recommended exchange since it provides trading access to more than 190 nations, including Australia, Canada, and Europe.
Uphold, a leading exchange in the US and UK is a skilled and highly inventive trading platform that should be able to fulfill your demands for trading across various cryptocurrencies, including Fantom (FTM). Notwithstanding the trading platform's simplicity of use and cutting-edge capabilities, Uphold stands out due to its reputation in the market.
Uphold provides a very user-friendly trading experience on both desktop and mobile apps. The trading interface is incredibly simple to use, has a contemporary style on both desktop and mobile, and is customizable with the assets you trade the most. It is a highly well-liked and sensible option, especially for novice traders.
In terms of fees and trading prices, KuCoin is one of the most competitive names on the market. It has developed dramatically since the exchange's early days of solely providing cryptocurrency trading. It currently provides various services, such as P2P exchange functionality and credit or debit card purchases.
The trading of Fantom (FTM) and more than 300 well-known tokens is presently available on KuCoin. It frequently offers purchase chances for new tokens initially. Americans are now accepted in this trade.
With a cumulative trading volume of US $1 trillion since its establishment in 2013, Huobi Global has grown to become one of the largest digital asset exchanges in the world. Huobi, which formerly handled 50% of all global transactions involving digital assets, currently provides services to more than 5 million customers in more than 130 nations. It should be mentioned that Huobi Global does not accept citizens of the States or Canada.
One of the main exchanges that presently provides trading chances for Fantom (FTM) is Huobi Global.
WazirX, established in 2018, is now the largest cryptocurrency exchange in India with more than 6,000 members. One of the most respected exchanges presently accepting customers from all around the world and providing Fantom (FTM) trading possibilities.
Because this exchange is a member of the Binance Group, a high level of quality is guaranteed. Residents of the USA may not.
One of the oldest and most reputable exchanges in the world and a popular option in the USA, Bitstamp was founded in 2011. Fantom is among the cryptocurrencies available on the exchange, with more than 4 million customers worldwide (FTM).
Bitstamp, an exchange with extensive expertise, offers a safe, comprehensive, user-friendly trading environment with enough options to please most traders. Many new or seasoned users see the company's worldwide reach and the reliable regulation and licenses that have been put in place favorably.
They presently welcome inhabitants of Canada, the UK, and the United States, with the exception of Alabama, Hawaii, Idaho, Louisiana, Nevada, and New Jersey.
Fantom is available on all major crypto exchanges but let us learn how to buy it using Coinbase below.
Fantom can only be bought via a self-custody wallet, such as Coinbase Wallet. Both a browser extension and a mobile app are available for Coinbase Wallet.
You must select a username when setting up your Coinbase Wallet. Using this login, other Coinbase Wallet users may transfer you cryptocurrency with ease. The username is optional, however it is necessary to access the account.
A recovery phrase made up of 12 random words will be sent to you when you establish a new self-custody wallet. Anybody who knows your recovery phrase may access your crypto because it is the key to it. Keep your recovery phrase a secret from others. We highly advise writing these down on paper, keeping them in a safe place, and using the cloud backup function of Coinbase Wallet. Do not divulge your recovery phrase to anybody, please. Your recovery phrase will never be requested by Coinbase. Also, Coinbase cannot assist you in accessing your wallet if you forget your recovery phrase.
Fees vary according to the amount of traffic on the network, the complexity of the transaction, and how quickly you need the transaction to be finished. Consider saving some cash for fees.
To purchase Ethereum, you must first open a Coinbase account if you don't already have one (ETH). Find out more here about how to sign up for a Coinbase account and purchase Ethereum (ETH). Using the Chrome extension or the mobile app will affect how you send ETH to your Coinbase Wallet.
When you've added ETH to Coinbase Wallet, you may instantly exchange it for Fantom through the browser extension or mobile app. Under the Assets tab, tap or click the "Swap" icon, then choose "Select asset" and choose Fantom. Enter how much ETH you want to trade for Fantom. Don't forget to budget for transaction costs. To complete, confirm your purchase and adhere to the on-screen instructions.
Also Read: Fantom Price Prediction
The top Fantom exchange for purchasing FTM is Kucoin, which witnessed $49 million worth of Fantom trading volume in the previous day. FTM is available on a many of exchanges, including Binance, KuCoin, OKX, Huobi Global, and Kraken.
One of the top-performing cryptocurrencies this year appears to be Fantom (FTM). FTM is seen as a solid investment in 2023 based on Fantom's recent successes that have been documented.
It is challenging to say one initiative is superior to the other. Fantom, on the other hand, supports the Ethereum Virtual Machine and offers superior compatibility. Solana, though, is far more affordable and easier to use.
Almost all of the main cryptocurrency exchanges provide Fantom tokens.
Because of its emphasis on scalability, the Fantom network has grown in popularity. It enables developers to create dApps and manage smart contracts while providing a native token (FTM) for staking and making payments.
On the YouHodler platform, depositing stablecoins and utilizing our conversion feature, which allows you to avoid bank transfer costs and credit card fees by paying only a small conversion charge, is the most affordable option to purchase Fantom (FTM).
Lachesis, a brand-new consensus method, is used by Fantom to support smart contracts. The business calls it an Asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism, which it claims is quicker and less expensive than more established ones while upholding strict security requirements.
Link the page to your Metamask Ethereum Wallet, select FTM, enter the desired amount, click transfer, and then validate the transaction cost. On the Ethereum or Binance Smart Chain Network, gas costs will be charged.