Welcome to this guide, where we are going to see how you can buy Fantom (FTM) in an easy, simple and safe way. For this, we will use the Binance platform, as it is the most used to buy and sell cryptocurrencies. And now we will see the step by step in detail.
Mention that after watching the guide, you will be able to find more information about Fantom and the project behind it, as well as frequently asked questions that users usually have. In order to resolve any doubts before buying the cryptocurrency, and you can have as much information as possible.
Where to buy Fantom
To buy Fantom, the best option is to use the Binance platform. Although there are other exchanges where you can also buy Fantom, Binance offers the best options and the largest variety of cryptocurrencies.
If you don’t have an account with Binance, you can create one here. Now I leave you with a video, so you can see how to buy Fantom in the best and easiest way, step by step, so you don’t have any doubts.
Step by Step
To buy Fantom, the first thing you need to do is to log in to your Binance account, deposit your funds, either Euro, USD or another currency.
Once you have funds in your account, go to markets, and select your currency pair against USDT (Tether).
You will then be able to buy Fantom. Once you choose the pair, you have to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Fantom.
With the USDT purchased, you can go back to the main menu to see that you already have it in your account and the order has been executed. Go back to the market, and look for the FTM/USDT pair, and click on it.
Here, you will see again the same buy and sell panel, where you have to go to buy, to exchange your USDT for the amount of Fantom you want. Once you have chosen the amount, click on buy and you will have it.
If you go back to the dashboard, you can see how much Fantom you have. Now, you can keep it in Binance to sell it whenever you want, or take it to a wallet for more security.
The most popular digital wallet is Metamask, where you can withdraw your Fantom from Binance to keep it in Metamask for added security. You can also use them in DEFI exchanges.
If you follow these steps, you can have FTM in less than 5 minutes. Sign up with Binance today so you don’t miss your chance.
To conclude, let’s summarize in a simpler way all the steps we have seen as a summary:
- Create your Binance account or login if you already have one.
- Deposit funds into your account (It is recommended to use a credit card to avoid having to wait)
- We will use the deposited currency to get USDT (in this example, the EUR/USDT pair)
- Go back to the markets and search for FTM, where you will find the FTM/USDT pair.
- We will go down and buy the amount you want by clicking on BUY FTM. Indicating the market and the amount we want to buy.
- It’s time to enjoy your new cryptocurrency.
In this guide, we have seen how you can buy Fantom with Binance, but there are other platforms to buy this cryptocurrency. To find out where you can buy Fantom, it is as simple as going to coingecko or coinmarketcap and search for the cryptocurrency.
Once there, click on markets, and you will see all the platforms that have this cryptocurrency listed. To save you time, you can see the main platforms in the image below.
Currently there are no platforms focused solely on buying and selling cryptocurrencies where you can deposit funds with PayPal. Therefore, the only way to buy FTM with PayPal is by using a platform that has cryptocurrencies and other assets such as stocks.
The only platform we have been able to find with these features is eToro. Which allows you to deposit funds using paypal, and subsequently you can buy Fantom within the platform. If you don’t have an account with etoro, you can create one here.
Note that in etoro you will not be able to withdraw Fantom from the platform, as it happens in cryptocurrency platforms such as Binance, KuCoin or Coinbase.
To sell Fantom, it is really very simple. Just follow the same steps as we have seen when buying, but go to the red sell button.
Look for the FTM/USDT pair, and click on it. Go down the center, and go to the red sell side. Enter the amount you want to sell Fantom and exchange for USDT. Click on sell and you are done. You will have sold your FTM and you will have USDT again.
Now with the USDT, if you want you can exchange them for your currency and withdraw the money to your bank account, or use the USDT to buy another cryptocurrency.
To withdraw Fantom to your wallet, either in metamask or another wallet, you can follow the steps below:
- Go to wallet and spot wallet.
- Search for FTM and once you see it, click on withdraw.
- Now you will see the Binance withdrawal panel
- Open your wallet, and copy the address where you will send your tokens.
- Indicate the correct network where to send the tokens. It is the same network you use in the wallet.
- Enter the amount and check all the information.
- With everything correct, click on withdraw and confirm with the confirmation codes.
- Your FTM will be on its way to your wallet.
In case you still have doubts, you can visit this more detailed guide on how to withdraw funds from Binance.
In case you want to withdraw your funds to another platform, for example from Binance to KuCoin, the process is the same as we have seen in the wallet, with one difference.
In the step of opening the wallet to copy the address, in this case we will have to open the platform where we want to send the tokens. Here, click on deposit, and select Fantom. Select the network you want to use to send the cryptocurrency, and you will see the address to copy.
With the copied address, go back to Binance and paste it. Indicate the same network as in the other platform. The other steps are the same as we have seen when withdrawing to your wallet.
In case you still have doubts, you can visit this more detailed guide on how to withdraw funds on Binance.
If you want to have your FTMs in the safest possible way, the best thing to do is to have them in a hardware wallet. In my case I use Ledger, and you can buy it here.
Ledger is the most used hardware wallet in the world and it will give you full control of your funds. It avoids the risk that they can hack the platform where you have your tokens, or even hack your computer and have access to your wallet. With a hardware wallet, without the physical object they will not be able to move your funds.
What is Fantom?
Fantom is a fast, high-performance open source smart contract platform for digital assets and dApps.
Speed, security and scalability
Fantom’s aBFT consensus protocol offers unprecedented speed, security and reliability.
Enjoy near-instantaneous transactions and extremely low fees.
Fantom transactions are completed in one second and cost a fraction of a cent.
Fantom’s validator nodes form a global, trustless, leaderless Proof-of-Stake network.
Fantom can process thousands of transactions per second and scale to thousands of nodes.
Fantom is EVM compatible. Deploy and run your Ethereum dApps on Fantom.
A new DeFi experience
The all-in-one DeFi suite. Accumulate, trade, lend and borrow digital assets directly from your wallet. Near-zero commissions and instant transactions – DeFi for everyone.
Use your wagered FTM as collateral for DeFi. Your delegations are liquid within the Fantom ecosystem.
You can mint dozens of synthetic assets, including cryptocurrencies, national currencies and commodities.
Lend and borrow digital assets to trade and earn interest without losing exposure to your FTM.
Trade Fantom-based digital assets without leaving your wallet. Fully non-custodied and decentralized AMM exchange.
Fantom is fully compatible with Ethereum. Deploy your dApps at a fraction of cost and experiment with Fantom’s high performance.
Deploy a smart contract
We integrate industry-leading oracle providers Chainlink and Band Protocol so you have maximum flexibility to access pricing sources.
Fantom’s code is completely open source. Anyone can read it, check progress, comment on it and help us build the ecosystem.
Use The Graph’s subgraphs and Fantom’s robust Web3JS APIs to build portfolios, explorers or data analysis tools.
Bet on Fantom
Earn rewards by betting your FTM to help secure the network. Choose your betting preference, start earning with a few clicks, and use your wagered funds as collateral at DeFi.
Earn up to 13% APY
Stake-as-you-go earns around 4% APY on your equity, up to 13% for a one-year commitment to staking.
Choose your rewards
You can choose how long to lock in your delegation: from no lock-in to a year’s lock-in for higher staking rewards.
In Fantom, your delegated FTM provides you with sFTM, a synthetic asset that you can use within the Fantom DeFi ecosystem.
Accumulate your stake
You can claim rewards every few hours and accumulate them to get a higher return on your delegation.