Where To Exchange Fantom (FTM) - Best Platforms With Reviews

Where can you exchange Fantom (FTM) in 2024?

Where Can You Exchange Fantom (FTM)

Fantom (FTM) is a popular cryptocurrency known for its high-speed transactions and scalability, which makes it an attractive option for many investors and traders. If you’re wondering where you can exchange Fantom (FTM), this comprehensive guide will walk you through the best platforms available, while also providing a detailed description of this cryptocurrency, its history, and the technology it is based on.

Introduction

Fantom (FTM) is a next-generation blockchain platform that aims to address the limitations of previous blockchain systems, particularly in terms of transaction speed and scalability. As the cryptocurrency market continues to expand, knowing where to exchange Fantom (FTM) efficiently and securely becomes crucial. This article explores various exchanges, both centralized and decentralized, where you can trade FTM, and provides insights into the unique features and benefits of Fantom.

What is Fantom (FTM)?

Fantom is a high-performance, scalable, and secure smart contract platform designed to overcome the limitations of previous blockchain systems. It is built on a unique consensus algorithm known as Lachesis, which is a DAG (Directed Acyclic Graph) based consensus mechanism. This enables Fantom to provide near-instant transactions and extremely high throughput.

History of Fantom

Fantom was founded by Dr. Ahn Byung Ik in 2018, with the vision of creating a blockchain platform that could support real-time transactions at a low cost. The project gained significant attention for its innovative approach to consensus mechanisms and its potential to power decentralized applications (dApps) and enterprise solutions.

Technology Behind Fantom

Fantom’s technology is centered around its Lachesis consensus algorithm. This algorithm allows transactions to be confirmed in just a couple of seconds, making it one of the fastest blockchain platforms available. Lachesis is asynchronous, leaderless, and Byzantine Fault Tolerant (aBFT), which means it can achieve consensus without relying on any centralized authority, and it can continue to function correctly even if some nodes in the network act maliciously.

Centralized Exchanges for Fantom (FTM)

Centralized exchanges (CEXs) are popular among traders due to their user-friendly interfaces, high liquidity, and extensive trading features. Here are some of the best centralized exchanges where you can trade Fantom (FTM):

Binance

Binance is one of the largest and most reputable cryptocurrency exchanges globally. It offers several trading pairs for Fantom, including FTM/BTC, FTM/USDT, and FTM/ETH. Binance is known for its high liquidity, competitive fees, and robust security measures, making it an excellent choice for trading Fantom.

Coinbase

Coinbase is a widely-used exchange that supports a variety of cryptocurrencies, including Fantom. It is renowned for its ease of use, especially for beginners, and provides a secure platform for buying, selling, and storing FTM. Coinbase also offers features like staking, which allows users to earn rewards on their FTM holdings.

Kraken

Kraken is another major exchange that supports Fantom trading. It offers multiple trading pairs and is known for its strong security protocols and advanced trading features. Kraken provides a comprehensive platform for both novice and experienced traders to exchange FTM.

Decentralized Exchanges for Fantom (FTM)

Decentralized exchanges (DEXs) offer a more secure and private way to trade cryptocurrencies by operating without a central authority. Here are some decentralized exchanges where you can trade Fantom (FTM):

Uniswap

Uniswap is one of the most popular decentralized exchanges and allows users to trade Fantom through its liquidity pools. By using Uniswap, traders can swap FTM for other tokens directly from their wallets, ensuring complete control over their funds.

SushiSwap

SushiSwap is another leading decentralized exchange that supports Fantom trading. It provides a wide range of trading pairs and features similar to Uniswap, offering a decentralized, user-friendly platform for swapping FTM.

PancakeSwap

For those who prefer trading on the Binance Smart Chain (BSC), PancakeSwap is a suitable option. It supports various BEP-20 tokens, including Fantom, and offers a decentralized platform with low transaction fees and high-speed trading.

How to Buy Fantom (FTM)

Step-by-Step Guide

  1. Choose an Exchange: Select an exchange from the ones mentioned above, considering factors such as fees, liquidity, security, and ease of use.
  2. Create an Account: For centralized exchanges, you need to create an account by providing personal information and verifying your identity.
  3. Deposit Funds: Deposit funds into your exchange account using fiat currency (e.g., USD, EUR) or other cryptocurrencies (e.g., BTC, ETH).
  4. Buy Fantom: Navigate to the trading section of the platform, select the appropriate trading pair (e.g., FTM/USDT), enter the amount of Fantom you wish to purchase, and execute the trade.
  5. Secure Your Tokens: After purchasing Fantom, transfer your tokens to a secure wallet to maintain control over your private keys.

Security Tips for Trading Fantom

  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your exchange account for added security.
  • Use a Hardware Wallet: For long-term storage, consider using a hardware wallet like Ledger or Trezor, which stores your private keys offline, reducing the risk of hacks.
  • Stay Informed: Regularly update yourself on the latest security practices and potential threats in the cryptocurrency space.

The Future of Fantom

Development and Roadmap

Fantom continues to evolve with ongoing development aimed at enhancing its platform and expanding its ecosystem. Future updates may include additional features, improved interoperability, and expanded use cases. Keeping an eye on Fantom’s official announcements and roadmap can provide insights into upcoming developments.

Community and Adoption

The success of Fantom depends significantly on community support and adoption. Engaging with the Fantom community through social media channels, forums, and participating in governance decisions can help shape the project’s future. As Fantom gains popularity, platforms like these are well-positioned to play a crucial role in the cryptocurrency industry.

Conclusion

Exchanging Fantom (FTM) can be done on various centralized and decentralized platforms, each offering unique features and benefits. By following the steps outlined in this guide and adhering to security best practices, you can confidently trade and hold Fantom tokens. As Fantom continues to innovate and expand its offerings, staying informed and engaged with the community will be key to maximizing your investment. Whether you're a seasoned crypto enthusiast or a newcomer, understanding where and how to exchange Fantom (FTM) is essential for navigating the evolving world of decentralized finance.

This article aimed to provide a clear, detailed, and comprehensive overview of where you can exchange Fantom (FTM). It covered the necessary steps to buy and secure Fantom, the history and technology behind Fantom, and the best centralized and decentralized exchanges for trading it. By following this guide, you can make informed decisions and effectively participate in the cryptocurrency market.

When choosing a platform to exchange Fantom (FTM), consider its user rating. Make a conscious choice when choosing a platform. Study the company page on our website, read user reviews and draw conclusions whether you should use this service. There are a lot of scams in the field of cryptocurrency. Taking into account the reputation of the service when choosing a place to exchange Fantom (FTM) is absolutely necessary if you do not want to lose your investment.
34 companies

Freewallet (or FRWT) is a web3 non-custody wallet that supports a wide range of functions including swapping, purchasing, and managing cryptocurrencies based on 15 different blockchains with safety and ease.

Country:
Estonia
Launched:
2016

Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.

Country:
China
Launched:
2017

Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.

Country:
USA
Launched:
2012

Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.

Site:
twitter.com
Country:
Australia
Launched:
2013

Altcoin Trader is a Centralized cryptocurrency exchange based in South Africa. The exchange was launched in 2014. Altcoin Trader has 20 available trading pairs and 21 coins. The exchange uses the Ordinary procedure for verification including two-step verification process and Know Your Customer (KYC) procedure. If you want to raise the account limits and minimize processing time you must go all the way, uploading ID card, proof of residence, etc.

Country:
South Africa
Launched:
2014

BitGo is one of the oldest cryptocurrency wallets, launched in 2013. Many users claim that this is one of the most trusted BTC wallets on the market. Both desktope and mobile versions of the wallet are available. Mobile version is available both for Android and IOS.

Country:
USA
Launched:
2013

BitLox is a hardware wallet. This means that you will use it to store your cryptocurrency private keys in a secure offline environment away from the risk posed by hackers. The company has been around since at least 2014 and is based in Hong Kong (BitLox Limited).

Country:
Hong Kong
Launched:
2014

Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account. 

Site:
bitso.com
Country:
Mexico
Launched:
2014

Change Wallet is the mobile application allowing to purchase, sell and transact with the number of cryptocurrencies.

Country:
International
Launched:
2016

Coinbase Wallet was launched by Coinbase exchange for secure operations with coins and tokens. To use Coinbase Wallet, you don’t need to have an account with Coinbase exchange. 

Country:
USA
Launched:
2018

CoinEx exchange was established in 2017 in Hong Kong. The platform can be used as a low-cost exchange with a broad range of different coins. The main asset is Bitcoin cash. Moreover, there is information that this exchange is going to present its new coin soon. It might be called CoinEx Token. Besides, the developers of CoinEx can establish a special exchange with the decentralized system using CET as “gas”.

Country:
Samoa
Launched:
2017

CoinPayments Wallet is a crypto wallet used for transactions and exchange of 100+ cryptocurrencies on iOS and Android devices. Due to its payment options, such as a Mobile Point of Sale, It is especially convenient for businesses. 

Country:
International
Launched:
2013

Coin Wallet is a non-custodial multicurrency wallet for multiple platforms. It allows you to make payments in Bitcoin anywhere - from your phone or desktop computer - without hassle.

Site:
coin.space
Country:
USA
Launched:
2015

CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.

The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.

Country:
Australia
Launched:
2013

CoolWallet is a Bluetooth hardware wallet for managing Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and ERC20 Tokens. It represents a cold storage wallet that can be used as the Android/Apple mobile app. 

Country:
Taiwan
Launched:
2016

Eidoo is a decentralized light wallet supporting Bitcoin, Litecoin, Ethereum, and numerous ERC20 tokens. Moreover, the platform provides many other services including the cryptocurrency exchange, debit cards, etc. It was developed by an eponymous Swiss company and launched in 2017. One of the purposes named by the company is providing transparent, secure, and easy to use service for managing finance to Eidoo's customers. The company is aimed at keeping control over assets in the hands of customers.

Site:
eidoo.io
Country:
Switzerland
Launched:
2017

Enjin mobile wallet was developed for handling multiple digital assets, such as BTC, ETH, BNB, LTC, as well as ERC-20, ERC-721, and ERC-1155 tokens. A user owns private keys and can restore access via a 12-word passphrase.

Country:
Singapore
Launched:
2009

Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.

Site:
www.gate.io
Country:
USA
Launched:
2013

Guarda Wallet is a non-custodial service for top coins, such as BTC, ETH, EOS, USDT and other currencies. Using Guarda Wallet, one can purchase, exchange and stake cryptos. 

Site:
guarda.co
Country:
Estonia
Launched:
2017

HelioWallet is a client-side tool that generates an Ethereum address and supports top hardware wallets. It does not require personal information and can be used anonymously.

Country:
International
Launched:
2019
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