How to Buy Fantom (FTM)
Learn all about Buy Fantom
Fantom (FTM) is a high-performance, layer-1 decentralized blockchain platform designed for fast, low-cost, and secure smart contract transactions. It uses a unique asynchronous consensus mechanism called Lachesis, allowing it to achieve 1-2 second transaction finality. Fantom is rapidly evolving into the Sonic network, upgrading its speed and efficiency. This step-by-step guide will help you buy Fantom (FTM) on Bitrue, or a DEX, even if you're a beginner in crypto trading.
Where and how to buy Fantom
When it comes to purchasing Fantom (FTM), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Fantom in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased FTM will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Fantom (FTM) through Bitrue.
Steps to Buy Fantom (FTM)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2: Complete KYC Verification (Skip if Using a DEX to Buy FTM)
Visit the identity verification page on the Bitrue website or app. Select your country or region, upload a valid ID document, and submit a selfie. You will be notified once your verification is approved. No KYC is needed if you buy BTC through a decentralized exchange (DEX).
03Step 3 Buy FTM via Decentralized Exchange (DEX)
- Search for Fantom (FTM).
- View the token details.
- Click the Buy button.
- Enter the amount of USDT and confirm the purchase.
- Transaction completed.
04Step 4 Successful Purchase
- The purchased Fantom assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Fantom cryptocurrency wallet.
- Note: If you have not received your Fantom (FTM), visit the help center or contact online customer support for assistance.
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Alternative methods to acquire Fantom
Apart from directly buying Fantom (FTM), what are the alternative methods to acquire Fantom ?
Fixed Auto-Investment in FTM
Regularly invest a fixed amount at scheduled intervals in Fantom (FTM) digital assets, enjoying both short-term returns and long-term benefits.
Staking FTM
Flexible staking of Fantom (FTM) digital assets to earn interest or high returns in other cryptocurrencies.
Get Fantom (FTM) for free
If you have enough time, you can obtain Fantom for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Fantom (FTM).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Fantom.
- All cryptocurrency airdrops and rewards can be exchanged for FTM through coin-to-coin exchange or spot trading.
How to keep your Fantom safe and secure
Once you have purchased Fantom, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Fantom and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Fantom wallets, you also have the option to store Fantom (FTM) separately in a personal encrypted wallet. This wallet serves to keep your Fantom secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Fantom, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Fantom encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
Get FTM with Bitrue
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Some market stats about FTM
Price Analysis
FTMFantom Price Now:
$0--%24H
Fantom is rising this week.
The price of Fantom has increased by --% in the last 7 days. It has seen a --% increase in the past 24 hours and a --% increase in just the last hour. The current price is $0 per FTM. Fantom is increased --% from its all-time high of $--.
Sandbox Testing
Calculate the Returns on Your Fantom Investment
How much profit would I have if I bought $ worth of Fantom in ?
CalculateReturns based on the average Fantom price for that year. Not financial advice.
Are you planning to buy FTM
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
Other crypto similar to FTM
FAQ About Buy Crypto
What is Fantom?
Fantom (FTM) is a high-performance, layer-1 decentralized blockchain platform designed for fast, low-cost, and secure smart contract transactions. It uses a unique asynchronous consensus mechanism called Lachesis, allowing it to achieve 1-2 second transaction finality. Fantom is rapidly evolving into the Sonic network, upgrading its speed and efficiency.
Why are people buying Fantom?
People buy Fantom for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Fantom serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Fantom include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Fantom?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase FTM.
Should I buy Fantom?
Deciding whether to buy Fantom depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Fantom investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Fantom (FTM) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Fantom?
Generally, buying Fantom digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How to use Apple Pay to buy FTM?
Currently, Bitrue does not support purchasing FTM or adding fiat currency using Apple Pay.
How to use Google Pay to buy FTM?
Currently, Bitrue does not support purchasing FTM or adding fiat currency using Google Pay.
How to use Paypal to buy FTM?
Currently, Bitrue does not support purchasing FTM or adding fiat currency using Paypal.
What can I do with Fantom?
You can use Fantom to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Fantom?
If your Bitrue wallet does not hold Fantom, you need to deposit FTM into your Bitrue account. If you already have FTM, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of FTM you want to sell, select the selling price, confirm the sell order, and once your FTM is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Fantom (FTM) worth 1 US dollar?
In theory, Fantom (FTM) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for FTM is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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