Fantom is a new cryptocurrency that is quickly gaining popularity. Here’s a guide on how to buy Fantom crypto so you can get in on the action.
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With the recent launch of the Fantom mainnet, the FTM token has begun to trade on a number of exchanges. In this guide, we will show you how to purchase FTM using the most popular cryptocurrency exchange, Binance.
If you do not already have a Binance account, you will first need to create one. You can do this by visiting the Binance website and clicking on the “Register” tab at the top of the page.
Once you have registered for an account and logged in, you will need to deposit some Bitcoin (BTC) or Ethereum (ETH) into your account. To do this, click on the “Funds” tab and then select “Deposit” from the drop-down menu.
You will then be given a wallet address to send your BTC or ETH to. Once your deposit has been confirmed by the network, you will be able to use these funds to purchase FTM.
To buy FTM, go to the “Exchange” tab and search for “FTM/BTC” or “FTM/ETH” in the markets list. Once you have found the market, click on it and then select either the “Buy FTM” or “Sell FTM” tab at the bottom of the page.
Enter the amount of FTM you want to purchase in either BTC or ETH terms and then click on the “Buy FTM” button. Your order will then be executed and your FTM tokens will be deposited into your Binance wallet.
What is Fantom?
Fantom is a distributed ledger technology (DLT) platform that aims to provide scalability solutions for dapps and smart contracts. Developers can build decentralized applications (DAPPs) on Fantom in a variety of programming languages, including Java and Go. The Fantom network consists of nodes that process transactions and produce new blocks in the blockchain. Fantom uses a directed acyclic graph (DAG) data structure, which allows the network to process multiple transactions concurrently. The native token of the Fantom platform is called FTM.
How to buy Fantom
Fantom is a next-generation, scalable, and decentralized Smart Contract platform designed to deliver blockchain solutions that meet the needs of real-world businesses and applications. If you’re looking to invest in Fantom, here’s a step-by-step guide on how to buy the cryptocurrency.
Step One: Choose an Exchange
The first step to buying Fantom is to find a reputable cryptocurrency exchange and create an account. An exchange is a website where you can buy, sell, or trade cryptocurrencies for other digital assets or government-issued currencies.
There are dozens of exchanges to choose from, but not all exchanges offer the same coins, features, or fees. When choosing an exchange, you should consider:
-What coins does the exchange offer?
-Does the exchange accept fiat currency (USD, EUR, etc.)?
-What country is the exchange located in?
-What payment methods does the exchange accept?
-How easy is it to use the exchange?
-What fees does the exchange charge?
Once you’ve considered these factors, you can create an account on an exchange of your choice. To do this, you will need to provide some personal information and proof of ID.
Step Two: Create an Account and Verify Your Identity
The next step is to create an account on the Fantom Exchange website. You will need to provide your email address and create a password. Once you have registered, you will need to verify your identity by providing some personal information and uploading a photo ID.
After your account has been verified, you can deposit funds into your account. Fantom offers a variety of deposit methods, including bank transfer, credit/debit card, and cryptocurrency. Once you have deposited funds, you can start trading!
Step Three: Deposit Funds Into Your Account
Now that you have an account with a exchanges, it’s time to deposit Fantom into it. Each exchange will have their own process for doing this, but the general idea is the same. You’ll need to send your Fantom from your personal wallet to the address provided by the exchange.
Here’s a quick step-by-step guide on how to do this:
1. Log in to your personal Fantom wallet and navigate to the “Send” page.
2. Enter the amount of Fantom you want to send in the “Amount” field and paste the exchange’s deposit address into the “To Address” field.
3) Double check that everything is correct and hit “Send.”
4) Wait for your Fantom to arrive in your exchange account. This can sometimes take a few minutes or longer, depending on network conditions.
5) Once your Fantom has arrived, you’re ready to start trading!
Step Four: Buy Fantom
The Fantom Foundation Board has authorized the release of 10 million XFM for a public sale. The public sale will commence on September 15th, 2018 and will last for one month or until all XFM are sold. All unsold tokens at the end of the public sale will be destroyed.
XFM will be available for purchase with ETH, BTC, and USD through our approved exchanges and OTC providers. A list of these approved providers will be released closer to the public sale date.
The price of XFM will be determined by the Fantom Foundation Board and will be released closer to the public sale date.
Storing Your Fantom
Fantom is a next-generation, smart contract platform that is scalable, sustainable, and minable. It boasts of instant finality and supports a wide variety of application types. Fantom uses an improved version of the Opera Chain consensus algorithm to achieve these performance metrics. This guide will teach you how to buy Fantom so that you can start using this fantastic platform.
Fantom has its own crypto currency, called the FTM coin. The total supply of FTM is capped at 3.175 billion coins and the circulating supply is currently about 2 billion coins. Fantom is listed on several major cryptocurrency exchanges such as Binance, Upbit, and Hoo. You can buy Fantom with other cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) on these exchanges.
Once you have bought your Fantom coins, you will need to store them in a secure location. The official wallet for FTM is the Atomic Wallet which can be downloaded from the Fantom website or from the Google Play Store for Android devices. The Atomic Wallet supports over 300 cryptocurrencies and stores your private keys on your device so that only you have access to them.
Fantom is a unique project that uses an innovative consensus mechanism called “Opera” to achieve extremely fast transaction speeds. The project has the potential to disrupt the smart contract platform industry, and I believe it is worth considering as a long-term investment.
If you’re looking to buy Fantom tokens (FTM), you can do so on a variety of exchanges, including Binance, Huobi Global, OKEx, and KuCoin.
I hope this guide was helpful. If you have any questions, feel free to leave a comment below.