Fantom (FTM) ranks among the top 1,000 cryptocurrencies by market capitalization, offering a fast, scalable blockchain platform built for decentralized applications and digital assets. With its Ethereum Virtual Machine (EVM) compatibility, Fantom appeals to developers and investors familiar with Ethereum’s ecosystem. However, like all cryptocurrencies, FTM is highly volatile—its price currently sits at $0.323717, down from $0.337606855 just yesterday and significantly lower than its all-time high of $3.46 reached on October 28, 2021. Over the past year alone, Fantom has seen a price decline of approximately 40%.
Before investing, it’s essential to understand the risks associated with crypto volatility, regulatory considerations, and tax implications—especially for U.S.-based investors. If you're ready to proceed, this comprehensive guide walks you through everything you need to know about buying, storing, and managing Fantom securely.
Steps to Buy Fantom (FTM)
Purchasing FTM can take as little as 15 minutes with the right tools. All you need is a smartphone or computer, internet access, photo ID, and a valid payment method.
Step 1: Compare Crypto Exchanges
The easiest way to buy Fantom is through a reputable cryptocurrency exchange. When comparing platforms, consider factors like trading fees, security measures, user interface, supported payment methods, and customer support. Look for exchanges that list FTM and offer seamless onboarding for beginners.
👉 Discover top-rated exchanges where you can start trading FTM today.
Step 2: Create an Account
Once you’ve chosen an exchange, sign up by providing your email address and creating a secure password. Most platforms require identity verification (KYC), so have your government-issued ID and phone ready. This process helps comply with anti-money laundering regulations and enhances account security.
Step 3: Make a Deposit
After verification, fund your account using your preferred method:
- Bank transfer: Typically low-cost but may take 1–3 business days.
- Debit/credit card: Instant deposits with higher fees, ideal for quick purchases.
- Cryptocurrency: Transfer existing crypto like BTC or USDT to trade for FTM.
Choose the option that best fits your timeline and budget.
Step 4: Buy Fantom (FTM)
Navigate to the FTM trading pair (e.g., FTM/USD or FTM/USDT). You can place an instant buy order at the current market price or use the spot market to set a custom price. Instant buys are beginner-friendly but often come with premium pricing.
Enter the amount of FTM or USD you'd like to purchase and confirm the transaction.
Step 5: Secure Your FTM
Leaving your tokens on an exchange exposes them to risks like hacking or platform failure. For long-term holding, transfer your FTM to a personal wallet where you control the private keys.
What Is Fantom?
Fantom is a high-performance blockchain designed for smart contracts and decentralized finance (DeFi) applications. Built on an innovative Directed Acyclic Graph (DAG) consensus mechanism called Lachesis, Fantom achieves high throughput and near-instant transaction finality with low fees.
As an EVM-compatible network, Fantom allows developers to easily port Ethereum-based dApps and tools. The native token, FTM, powers transactions, staking, governance, and network security. The ecosystem hosts numerous DeFi protocols, including yield farms, lending platforms, and decentralized exchanges (DEXs), making it a compelling option for active crypto participants.
Where Can You Buy Fantom?
Numerous global exchanges support FTM trading pairs with both fiat (USD, EUR) and major cryptocurrencies (BTC, ETH, USDT). When choosing where to buy FTM, evaluate:
- Supported deposit and withdrawal methods
- Trading fees and withdrawal limits
- Geographic availability and compliance
- User experience and mobile app functionality
Ensure the platform supports KYC if you plan to deposit fiat currency.
What You Need to Buy Fantom
To get started, prepare the following:
- A valid email address
- Government-issued photo ID (e.g., driver’s license or passport)
- A phone number for two-factor authentication (2FA)
- Proof of address (some platforms may request a utility bill or bank statement)
KYC verification is standard on most regulated exchanges. While some platforms allow crypto-only trading without full verification, fiat deposits require identity confirmation.
For enhanced security, enable two-factor authentication (2FA) using apps like Google Authenticator or Authy after account setup.
Best Ways to Purchase FTM
You have several options to fund your purchase:
Bank Transfer
Often fee-free but slower than other methods. Ideal for large deposits where timing isn't critical.
Credit or Debit Card
Fast and convenient for immediate purchases. Usually incurs a 2–5% fee but enables recurring buys.
Cryptocurrency Swap
Trade existing holdings like Bitcoin or stablecoins for FTM directly on decentralized or centralized exchanges. Offers flexibility and avoids KYC on certain platforms.
Each method has trade-offs between speed, cost, and accessibility.
Is Fantom a Good Investment?
While past performance doesn’t guarantee future results, here are key points to consider:
✅ EVM Compatibility: Easy integration for Ethereum developers and users
✅ Strong DeFi Ecosystem: Active dApps and liquidity pools drive utility
✅ Low Transaction Costs & Fast Speeds: Competitive advantage over congested networks
⚠️ Market Competition: Faces stiff competition from Solana, Avalanche, and Polygon
⚠️ Price Volatility: Down over 90% from its all-time high
⚠️ Adoption Uncertainty: Long-term success depends on continued ecosystem growth
Diversify your portfolio and only invest what you can afford to lose.
Storing Your FTM Safely
After purchasing FTM, choose a secure storage solution:
Hot Wallets (Connected to Internet)
- Software wallets like MetaMask or Trust Wallet
- Convenient for frequent trading or DeFi use
- Higher risk if device is compromised
Cold Wallets (Offline Storage)
- Hardware wallets such as Ledger or Trezor
- Most secure option for long-term holding
- Immune to online hacking attempts
👉 Learn how to protect your digital assets with secure wallet practices.
How to Sell or Convert FTM
Selling FTM follows a similar process:
- Log into your exchange or connect your wallet.
- Select “Sell” or “Convert” for your FTM balance.
- Choose the amount and confirm the exchange rate.
- Review fees and complete the transaction.
- Withdraw proceeds to your bank account or another cryptocurrency.
On decentralized exchanges (DEXs), use platforms like SpookySwap or SpiritSwap via wallet integration.
Frequently Asked Questions (FAQ)
Q: Can I buy Fantom with PayPal?
A: Some exchanges allow PayPal-funded card purchases indirectly, but direct PayPal-to-FTM transactions are rare.
Q: Is Fantom available on Coinbase?
A: Yes, FTM is listed on Coinbase, making it accessible for U.S. investors with minimal setup.
Q: What is the minimum amount of FTM I can buy?
A: Most exchanges allow purchases as low as $10–$25 worth of FTM.
Q: Can I stake Fantom to earn rewards?
A: Yes! Staking FTM helps secure the network and can yield annual returns ranging from 6% to 10%, depending on delegation choices.
Q: Are there network fees when transferring FTM?
A: Yes, but they’re typically very low—often less than $0.01 per transaction.
Q: Is Fantom environmentally friendly?
A: Compared to proof-of-work blockchains like Bitcoin, Fantom uses a highly energy-efficient consensus model.
Final Thoughts
Buying Fantom (FTM) is straightforward with the right preparation. Whether you're drawn to its DeFi potential, staking rewards, or long-term growth prospects, always conduct thorough research before investing.
👉 Start your journey with a trusted platform that supports FTM trading and advanced security features.