How to buy Fantom (FTM)

pexels-photo-207586.jpeg

Last Updated on May 12, 2022 by Arty Fisher

Fantom is a decentralized exchange. It means that the platform does not rely on a central server for its operation, so it cannot be hacked or shut down. Instead, Fantom uses blockchain technology to create an environment where users can trade cryptocurrencies directly with each other through smart contracts. In addition to being able to trade tokens and coins on their own, Fantom also provides users with an option to create their own tokens and launch initial coin offerings (ICOs) on the platform.

Fantom was founded in 2018 by Dr. Ahn Byung Ik, who is also known as “The Father of South Korea’s Smartphone Industry.” The company currently operates from Seoul, South Korea; however, it has plans to expand globally over time, potentially even offering its services in English at some point in the future.

Where to buy Fantom (FTM)?

There are numerous places to buy Fantom (FTM), but the best exchange to get them is Binance. It’s the largest crypto exchange in the world and offers trading pairs with Bitcoin, Ethereum, and Tether. You can also use your credit card or bank account to purchase FTM on Bitrue, Coinbase, Crypto.com, Gate.io and KuCoin. In addition to all of these exchanges you can use Poloniex or WazirX for buying Fantom (FTM) using USDT as well as OKEx which has a fiat gateway that allows users to trade directly with USD or EURO currency accounts if they have one set up already or if they want their funds converted into BTC first before depositing into their respective wallets listed below:

  • Poloniex – One of the oldest cryptocurrency exchanges around since 2014… This site has been hacked multiple times over its lifespan so be careful when using this site because some people have had their coins stolen from them through phishing attempts on social media channels such as Twitter where scammers would pretend like they were giving away free tokens just like many other scams do today.
  • Bittrex – A popular altcoin exchange based in Seattle Washington that offers ios/android apps so users can access them even while away from home!
  • Coinbase – If you sign up here then you will receive $10 worth of Bitcoin as a welcome bonus once it’s processed by their system which usually takes around two weeks after signing up so don’t worry about getting started right away. Read our review of Coinbase.

How to buy Fantom (FTM) in Australia?

The easiest way to buy Fantom is through CoinSpot. CoinSpot is a cryptocurrency exchange based in Australia, which allows users to trade Australian dollars for digital currencies such as Bitcoin and Ethereum. The platform also allows users to buy FTM directly with AUD via bank transfer, credit card or PayPal (a digital wallet).

To purchase FTM with AUD on Coinspot:

  • Sign up for an account. This will require you to provide basic personal information like your name, email address and mobile number so it’s best that you keep these details updated if they change in future (e.g., after moving locations).
  • Deposit funds into your account via one of several payment methods including BPAY or POLi payments (see CoinSpot website for full list), Commonwealth Bank Direct Banking transfer, NAB Internet Banking Transfer or Westpac Expresspay payment methods depending on where you live in Australia.

Pros & Cons of buying Fantom (FTM)

Pros:

  • Low transaction fees: Fantom (FTM) has some of the lowest transaction fees in the market today. With an average transaction fee of around 0.0001 FTM per transaction, it’s a great choice for those who want to keep their costs down.
  • Easy to convert crypto assets into fiat currency. It’s possible to buy Fantom (FTM) using major credit cards and debit cards on platforms that support this method like Binance or KuCoin exchange. This makes it easy for beginners who are new to crypto trading and want more flexibility when buying cryptocurrencies without having to use other currencies first.

Cons:

  • Price volatility: Like most digital assets Fantom can be prone to unpredictable price movements and volatility. All cryptocurrencies come with associated risks.

Summing up

Fantom could be a great coin and it’s a good long-term investment. You can buy Fantom (FTM) with CoinSpot using this guide, so check out the link below!

Leave a Comment

Your email address will not be published.