How to buy Fantom in 4 easy steps
Fantom (FTM) is an eco-friendly, highly scalable blockchain ecosystem founded by Dr. Ahn Byung Ik. Its unique architecture enables developers to create scalable, fast, and cost-effective Web3 applications.
Fantom operates on two leading technologies, the Lachesis protocol and Opera, and is spread across 60+ countries. With transaction fees of $0.01 or less and the ability to execute transactions in one second, Fantom has everything needed to build dApps with millions of users.
So if you are searching for ways to buy Fantom, this guide on “how to buy Fantom” will educate you on every detail.
Step 1 -Choose a Crypto Exchange Platform
The first step to buying Fantom is to select a reputable exchange that supports Fantom, such as Binance, Kraken, Kucoin, or Gemini. Look for the required features, such as low fees, payment methods, or 24/7 customer support. Every exchange platform has its own set of procedures, so choose the one that is more user-friendly and secure.
Step 2 - Register on any of the Platform
To buy Fantom, create a free account on any platform. On the exchange’s website, click ‘Sign Up/Register,’ enter your personal information, including name, phone number, and email address, and complete any other required fields. Upload a valid ID card, passport, or driver’s license to verify your identity. Once your account is verified, you can deposit funds and start trading Fantom.
Step 3 - Buy The Cryptocurrency Using Your Feasible Payment Method
Fantom (FTM) can be easily purchased with fiat currency and cryptocurrency. To buy FTMs with cryptocurrency, Ethereum, BNB, Tether, or Bitcoin can be used. Deposit funds and select the amount of FTM desired, then choose a payment method that fits your budget. Most exchanges accept both cryptocurrency and bank/card payments. After reviewing your order, click the ‘Buy’ button and wait for the exchange to process the transaction.
Step 4 - Store the Cryptocurrency in a Wallet
After buying FTM tokens, transferring them to a personal wallet is advisable to improve security. Fantom is compatible with popular wallets like Metamask, Exodus, or Ledger. You may also use Fantom’s official wallet, fWallet. Choose a wallet that aligns with your security and user requirements, and install it. Once done, configure and connect your wallet with the crypto exchange to store your FTM tokens
Also read: Fantom Price Prediction
Popular Video Guides on Buying Fantom
Also read: Fantom Prices Live
Where to buy Fantom
1. Kraken
Kraken, founded in 2011, is a US-based cryptocurrency exchange and one of the oldest bitcoin exchanges listed on Bloomberg Terminal. Jesse Powell co-founded Kraken, and as of January 15, 2023, it was the world's third-largest exchange. Kraken supports trading for 220+ coins with competitive fees. Notably, it offers both spot trading and cryptocurrency futures.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Visa/Mastercard, Debit or Credit cards, Digital Wallets, ACH Trading |
| Deposit Fees | None |
| Cryptos Listed | 220+ |
| Trading Fees | 0% - 0.16% for the maker and 0.10% to 0.26% for the taker |
| Fiat Currencies Supported | USD, EUR, CAD |
| Trustworthiness | Safe and reliable |
2. KuCoin
KuCoin, launched in September 2017 by Michael Gan and a team of cryptocurrency enthusiasts, has become one of the most popular crypto exchanges. Offering rock-bottom fees and a vast array of supported cryptocurrencies, KuCoin also supports staking and margin, futures, and P2P trading to cater to more experienced users. Unlike other exchanges, KuCoin allows users to stake KCS tokens and earn rewards.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | September 2017 |
| Deposit Methods | Credit/Debit Cards by Visa and Mastercards, Wire Transfer and Paypal |
| Deposit Fees | None |
| Cryptos Listed | 700+ |
| Trading Fees | 0.005%-0.1%, depending on your tier level |
| Fiat Currencies Supported | 28 Including USD, EUR, GBP, CAD |
| Trustworthiness | Safe and reliable |
3. Binance
Binance, founded in 2017, has grown to become one of the largest cryptocurrency exchanges in the world. It specializes in crypto-to-crypto trading and boasts some of the lowest transaction fees in the crypto industry. Binance offers high liquidity and rewards users who pay in BNB (its native cryptocurrency token) with discounts.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading |
| Deposit Fees | None |
| Cryptos Listed | 350+ |
| Trading Fees | 0.1% on each trade when not using BNB coins |
| Fiat Currencies Supported | USD, AUD, EUR, HKD, KZT, NOK, PEN, RUB, TRY, UAH, UGX. |
| Trustworthiness | Safe and reliable |
Frequently Asked Questions
Where can you buy Fantom with a credit or debit card?
You can buy Fantom with a credit or debit card on various exchanges such as Kucoin, Bybit, cex.io, Kraken, and Binance. These exchanges accept Visa and Mastercard payments.
Create an account and select the credit/debit card payment option to buy Fantom easily. Other payment options include cryptocurrency and bank transfers.
What will you need to buy Fantom?
To buy Fantom, you must create an account on a cryptocurrency exchange and pass the Know Your Customer (KYC) verification process.
It typically involves providing a photo ID and proof of address. You would also require a credit/debit card to make the purchase and a crypto wallet to store the FTM tokens safely. Enable 2-factor authentication (2FA) to enhance security.
What is the easiest way to buy Fantom?
To buy Fantom, you must create an account on a cryptocurrency exchange and pass the Know Your Customer (KYC) verification process.
It typically involves providing a photo ID and proof of address. You would also require a credit/debit card to make the purchase and a crypto wallet to store the FTM tokens safely. Enable 2-factor authentication (2FA) to enhance security.
Best wallets to store your Fantom ?
The easiest way to buy Fantom is directly through Binance, Cex.io, Bybit, Kucoin, or Kraken.
The simplest method to purchase Fantom is by placing an ‘instant buy’ order to buy it for a fixed price. This feature is limited to selective crypto exchanges. Alternatively, a buyer can open a trade to set his price on the spot market.
