Brickhouse Trading Ltd is a member of the Binance group of companies. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research. A third option where to buy FTM is directly from one peer to another i.e. (P2P) exchanges. In this place, users buy directly from other verified users who want to sell their Fantom tokens.
Smaller holders may prefer software wallets as they are free, easy to use, and can be downloaded to your desktop or mobile. EToro is one of the best brokers to trade and invest in FTM cryptocurrency as it allows trading with zero commissions, provides robust security systems, and has a beginner-friendly interface. Cryptocurrencies are highly volatile, so you need to check whether you can manage the high risk of investing in this market. There are many types of cryptocurrencies that an individual can invest in, including Fantom tokens. Fantom is a cryptocurrency that you can invest in when you want to diversify your crypto portfolio from the basic currencies such a Bitcoin and Ethereum. To buy Fantom online, you will have to register with a regulated crypto exchange, such as BYDFi, that offers the token.
Where to Buy, Sell and Trade Fantom aka FTM
All you need to provide is your names, your contact details, and proof of address. In addition, you may be required to verify some details that you have provided through submitting documents such how to buy fantom as your government-issued ID and a proof of address document. Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you.
Navigate to “Buy Crypto” on BYDFi’s main page to buy crypto with your preferred fiat currency. Note that fiat deposits are provided by third-party service providers and not processed by BYDFi. 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. For this, we recommend using a regulated cryptocurrency exchange BYDFi. The cheapest way is to use bank account to buy Bitcoins first or to buy the Fantom right away.
Learn how to buy Fantom (FTM) on 5+ crypto exchanges in our step-by-step guide.
If you want to buy FTM, you will need to start by finding a suitable crypto exchange. Consider aspects such as safety and how easy the platform is to use when making your choice. Check the next section for recommendations or select from our top recommendations below. The other type of wallet is a cold wallet that will store your tokens offline. Cold wallets are highly secure because your tokens will not be available online and will be less susceptible to loss.
This is why Fantom refers to its platform as a network of networks. I used to buy a crypto such as DOT or ADA on Coinbase using fiat, move it to CoinEx, convert to USDT, buy FTM with USDT and send it to my Metamask on fantom network. However, for the last two days FTM withdrawals from CoinEx https://www.tokenexus.com/ are suspended. In the past decade, no other asset class has experienced magnificent gains and rewarded investors better than cryptocurrencies. Although, investing in these assets has the potential to generate huge returns, investors need to keep their investing knowledge and skills current.
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Similarly, going by technical indicators, the Fear & Greed Index for FTM shows 29 (Fear) – an extremely high level of fear. EToro accounts are completely free and take only a few moments to create. Some of the standard exchanges to buy Fantom are Kraken, Binance, Bitstamp, Nexo, KuCoin, and Huobi Global. This allows it to operate faster and in a more scalable manner than Ethereum, whose near-instant finality is between 12 to 14 seconds. The Fantom mainnet is called the Opera, and it can conduct more complicated operations faster than the EVM. The Opera is the home of Fantom’s blockchain DeFi network and it is fully supported by the Ethereum Virtual Machine.