Fantom (FTM)
All prices are in USD.
How to buy Fantom
FTM
Fantom is a proof-of-stake platform for building smart-contracts and decentralized applications (Dapps). It prioritizes transaction speed, settling transactions in under 2 seconds, and is compatible with many popular Ethereum Dapps. You can buy and sell FTM for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade FTM for BTC the same way you trade CAD for USD. You can also trade FTM to CAD based on the FTM price. To learn how to buy Fantom / FTM, scroll down to see how to buy Fantom.
Here’s how to buy Fantom on Coinsquare
Buying Fantom is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Fantom, which trades as FTM. Based on when you think you can get a good FTM price, you should be able to trade FTM to CAD.
To buy Fantom, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying FTM. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select FTM from the list on the trade section
Coinsquare lets you trade FTM without leaving the app. You can also check the Fantom stock price and convert FTM to CAD on the platform.
Select a currency you’ve funded and use it to check the FTM price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy FTM
Congratulations! You’re now the proud owner of FTM. You can either HODL or use it to exchange FTM to CAD. To the moon!
Founded by South Korean computer scientist Dr. Ahn Byung lk in 2018, as an alternative to the existing blockchains that are struggling to scale. Fantom is a network that solves this existing scalability problems in traditional blockchains such as Ethereum, instead employing a newly pioneered consensus mechanism which uses gossip to propagate consensus.
You may want to consider buying FTM if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Make transactions and benefit from Fantom’s fast processing times
Earn rewards by staking your crypto on the Fantom network
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my FTM?
Ready to add FTM to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.