Fantom is a decentralized, permissionless, open-source platform for decentralized applications (dApps) and digital assets. It is one of the numerous blockchain networks built to provide an alternative to Ethereum. Fantom aims to offer more versatility and lower costs. Fantom’s foundation is integrated through its Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) agreement instrument, which keeps up with the functional proficiency of the whole organization. The aBFT network structure is intended to protect network security while amplifying speed.
As the first of its kind with its complex and unique infrastructure, Fantom’s approach to fast, scalable dApp development is still establishing its place in the broader blockchain ecosystem. However, Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability. Also, Fantom’s instant transactions and extremely low fees are unmatchable.
FTM is Fantom’s native utility token that powers the whole Fantom blockchain environment. FTM tokens are utilized for staking, administration, installments, and charges on the organization.
There is a complete inventory of 3.175 billion FTM coins, with 2.5 billion available for use. In contrast, the rest is distributed as Fantom staking rewards. FTM is accessible as a local mainnet coin, an ERC-20 token in the Ethereum environment, and a BEP-2 token in the Binance ecosystem. Anybody can take an interest in Fantom marking with a base stake of 1 FTM by utilizing Multichain to trade their ERC-20 FTM or BEP-2 FTM tokens for Opera FTM coins.
Where to Buy Fantom (FTM)?
Fantom (FTM) is available on all the major cryptocurrency exchanges from where you can purchase it. Here are those exchanges:
Binance
Binance is a leading digital cryptocurrency exchange. It is compatible with multiple devices. It can be installed in iOs, Linux, Windows, API, MacOs, Google Play, and Android APK. This exchange is best for customers from Canada, Singapore, the United Kingdom, and Australia, whereas it has limited functionality in the US. However, Binance.US overcomes all the limitations and facilitates the user purchasing FTM.
Gemini
Gemini is one of the largest crypto exchanges in the United States. It is a New York trust company regulated by the New York State Department of Financial Services. It helps in buying, selling, and storing cryptocurrency like FTM. It works on the motto of “security-first.”
Bitfinex
Bitfinex is another Internationally leading crypto exchange to buy FTM. It utilizes excellent.” trading tools, innovative technology, and unparalleled levels of customer service to make a crypto exchange an experience of life.
Crypto.com
Crypto.com is a cryptocurrency and payment platform. It helps you buy and sell 200+ cryptocurrencies, including Fantom (FTM), with 20+ fiat currencies using bank transfers or your credit/debit card.
FTX
FTX is a cryptocurrency exchange built by traders for traders. FTX offers innovative products, including industry-first derivatives, options, volatility products, and leveraged tokens.
Uniswap
Uniswap is a decentralized exchange to swap ERC-20 tokens. It is managed by a global community of UNI token holders and delegates. It has integrated 300+ coins, including FTM.
Sushiswap
Sushiswap is another exchange to buy FTM. It is a decentralized exchange with competitive farming. It allows the sale of ERC-20 compatible tokens.
Kucoin
Kucoin is a Hongkong-based cryptocurrency exchange. The KuCoin platform is designed for investors of all types, with 24/7 excellent customer services in preferred channels and languages. It covers 200+ countries across the globe.
Voyager
Voyager is a crypto exchange that facilitates trading across the best exchanges. They offer excellent customer service, incomparable access to the most popular assets, and commission-free trading.
Some other exchanges from which you can buy Fantom (FTM) are
- 1inch
- OKEx
- Beaxy
Also read:
Fantom Price Prediction 2022 and Beyond – Will FTM reach $10?
Fantom Price Prediction 2025 – What Will FTM Price be in 2025?
How to Buy Fantom (FTM)? – A Step-by-Step Guide
FTM Price Prediction – Will Fantom Reach $5?
Will Fantom Reach $10? – Fantom Price Prediction
Will Fantom Reach $100? – Fantom (FTM) Price Prediction
Takeaways
- Fantom is a blockchain-based cryptocurrency that provides fast and secure transactions.
- It uses aBFT POS as a consensus mechanism.
- The best exchanges to buy FTM are Binance, KuCoin, FTX, Crypto.com, Uniswap, etc.
- FTM could be listed in other exchanges as well.