How to Buy Fantom (FTM)

Fantom is a smart contract platform which aims to solve blockchain scalability and security challenges with an innovative consensus mechanism called Lachesis. Fantom aims to allow blockchain developers to build and deploy decentralized applications (dApps) more efficiently. 

FTM is the native cryptocurrency of the Fantom blockchain and allows token holders to pay for transactions and services on the network.

Want to dive deeper? Read Kraken’s What Is Fantom? (FTM) to learn more.

With more than a decade of experience, Kraken has established itself as a pillar of the cryptocurrency industry. While we have grown to now offer over 100 cryptocurrencies, we remain one of the best places to buy FTM.

You can buy Fantom on Kraken with as little as $10 since each FTM is divisible into smaller units. While you do not need to execute larger orders, Kraken’s advanced price discovery and execution technology helps offer some of the best rates of any cryptocurrency exchange.
 

Your verification level determines what you can do with your Kraken account. This can be located by signing into your account, selecting your name in the upper right and then selecting Get Verified. You will then see highlighted your current (pending or verified) level.
 

Dollar cost averaging is a popular strategy that allows you to invest in an asset at regular time intervals, regardless of its price. This sort of strategy is designed to help build wealth over time while minimizing the impact of unpredictable price changes.

Kraken works hard to protect your FTM
When you buy Fantom with Kraken, your crypto is automatically stored in our hot wallet — an accessible but highly secure place to keep your FTM safe.
 

Kraken allows you to hold your own FTM
Our rigorous security standards ensure that our users’ crypto is always safe on our platform. However, if you want to hold or transfer your Fantom, Kraken allows you to take full custody of your FTM in the wallet of your choice, unlike many other fintech services.

• Participate in the governance of the Fantom ecosystem
• Stake tokens to earn rewards paid in FTM for helping to secure the network
• Pay for fees when using the Fantom blockchain

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Disclaimer
Information provided in this “Learn” section is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Kraken makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.