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How To Buy Fantom (FTM) — A Step-By-Step Guide

Quick Guide

Here’s an overview of the preferred crypto exchanges that have Fantom (FTM) listed. If you know how to buy cryptocurrencies, you can simply select your preferred exchange. In case you are just getting started, you can scroll down to where we share all details about how to buy Fantom (FTM).

Binance Logo

Binance

Binance is the biggest cryptocurrency exchange offering many features and advantages.

MEXC Logo

MEXC

MEXC is an industry-leading exchange that offers the lowest fees to buy and sell cryptocurrencies.

BYBIT

BYBIT is a leading crypto exchange that offers many features regarding leverage trading.

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KuCoin

KuCoin is a leading exchange that offers more than 750 cryptocurrencies — more than any other.

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OKX

OKX is the all-rounder that offers a good mix of tradable crypto tokens, usability, and trading fees.

Before we dive into the details about how to buy Fantom (FTM) we want to provide you with some essentials about the FTM token. Remember, it is essential to understand the asset you’re planning to buy before you invest!

What is Fantom (FTM)?

Basic Information & History

Fantom (FTM) is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous-generation blockchain platforms. Fantom is permissionless, decentralized, and open-source.

Fantom aims to be the nervous system for smart cities and also the platform of choice for decentralized finance applications. It leverages its unique Lachesis Protocol to deliver high-speed, low-cost transactions.

Fantom’s native token, FTM, is used for securing the network, enabling staking, and providing for transaction costs. The FTM token is integral to maintaining the network’s consensus algorithm.

how to buy fantom (ftm)

Fantom Use Cases

Fantom is designed to serve a wide array of use cases due to its high scalability, speed, and low-cost transactions. Here are some notable use cases:

Decentralized Finance (DeFi)

Fantom’s platform is suitable for creating decentralized exchanges, lending and borrowing platforms, stablecoins, yield farming, and more. Its low transaction fees and high speed make it an attractive blockchain for DeFi applications.

Smart Cities

Fantom aims to provide a framework for different smart city applications, such as traffic flow optimization, public utility distribution, resource management, and environmental sustainability projects.

Supply Chain

Fantom can be used for creating decentralized and transparent supply chain systems. It allows real-time tracking and tracing of goods and materials, which can significantly enhance the efficiency of supply chain management.

Digital Identity

The platform can be used to create secure, immutable digital identities, enhancing security and personal privacy in digital interactions.

Healthcare

Fantom can be used to improve and streamline various aspects of healthcare systems, such as patient data management, drug supply chain, medical research, and more.

Education

In the education sector, Fantom can help to create transparent and immutable record-keeping systems, allowing for the verification of educational credentials, tracking of student progress, etc.

Fantom Price Chart

Analyzing the current price movement is an important step before investing. Therefore, you should pay close attention to the below chart before discovering everything about how to buy Fantom.

Benjamin
Benjamin
http://cryptoknowledge.info
Hey, I'm Benjamin — founder of CryptoKnowledge.info. I've been in the crypto jungle since 2019 and (personally) experienced many ups and downs. I tried different strategies, joined paid groups, and explored the darkest parts of DeFi. Today, I know that there is neither a get-rich-quick-path nor a holy grail. On the contrary, I learned that the most important aspect is patience. Cryptoknowledge.info represents the platform I would have loved to discover when starting my crypto journey. We're trying to provide high-quality and non-spammy information — mainly free of charge. I sincerely hope you can gather some value out of the content and it helps you to accelerate your crypto journey!

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