How to Buy Fantom (FTM)

How to Buy Fantom in 3 Simple Steps

Have you placed your FTM order yet?

What Is FTM?

Why buy Fantom with Kraken?

How Much FTM Can I Buy With Kraken?

How to Keep Your FTM Investment Safe

What Can I Do With Fantom After I Buy It?

How to Buy Fantom FAQ

1. Is Fantom worth buying?

   The short answer is that it depends on your own individual circumstances. For those that see value in a fast growing decentralized application network, Fantom may be a worthwhile investment.

2. How do beginners buy FTM?

   Beginners should first do their own research (and consider seeking professional advice) before buying FTM. Kraken’s What Is Fantom? (FTM) article offers a good overview of the key facts surrounding Fantom. With an understanding of the software, beginners can buy FTM in just a few minutes with as little as $10 on Kraken.

3. When is the best time to buy FTM?

   The traditional financial advice, that “it is impossible to time the market,” holds true for Fantom too. However, the answer to this question ultimately depends on your goals and financial circumstances.
   Those that have concerns about timing the market should consider dollar cost averaging their FTM purchases using an exchange like Kraken. Dollar cost averaging allows you to purchase the same dollar amount of Fantom on a consistent time interval, regardless of its market price. This allows you to constantly accumulate FTM, without having to worry about timing each market fluctuation. 

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4. Can I buy less than one FTM?

   No. A minimum trade order of 10 FTM is required on the Kraken exchange.

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5. Can I buy FTM with my bank account or debit/credit card?

   Yes, U.S. clients can buy FTM using their bank account. Kraken also enables our clients in several countries around the world to purchase Fantom with their credit or debit card. A full list of funding options by country can be found here.

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6. How much FTM should I buy?

   Everyone’s financial situation, appetite for risk and objectives are different. FTM is subject to volatility and price fluctuations. Consider these factors as you evaluate how much Fantom you are willing to buy.

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7. Where is the best place to buy Fantom?

   FTM can be purchased from a variety of locations today, such as Crypto ATMs, various fintech platforms and even directly from other individuals. The easiest and safest place to purchase Fantom is through a trusted cryptocurrency exchange like Kraken.
   With Kraken, you can count on our low fees, easy to use products, around the clock customer support and rigorous focus on the safety and security of your FTM. 

8. How long does it take to buy FTM?

   Using Kraken, it takes only a few minutes to buy Fantom. Get started with our three-step process today to create your free account, connect your funding method and buy FTM. With Kraken’s mobile app, it has never been faster or easier to buy Fantom.

9. Do I own my FTM?

   Unlike many other fintech and trading platforms that offer Fantom, when you buy FTM on Kraken, it belongs to you. Kraken firmly believes in the self-sovereignty and the right to personal custody that Fantom was built upon. Therefore, Kraken allows you to take your FTM off of the Kraken platform. You can store it in the wallet of your choice and decide how to use it. When you purchase Fantom from Kraken, it is your digital property.

10. What can you buy with FTM?

    You can buy anything using Fantom, as long as it is accepted as a medium of exchange. The use cases for Fantom grow each day as the ecosystem finds new ways of creating uses for the FTM token.

11. How do I send FTM?

    Once you buy FTM, Kraken makes it easy to withdraw your funds and send FTM to any other FTM wallet in the world, whether that’s your own or someone else’s. From the Kraken funding page, select your FTM asset and then select withdraw. Enter the amount of Fantom you wish to withdraw from your Kraken account and enter the FTM address (the long string of letters and numbers) set to receive the funds. 
    It is important to check and be absolutely sure that the FTM address you have entered is correct. If you do end up sending funds to the wrong address, even if just one character is wrong, the funds could be lost forever.

12. How can I buy Fantom easily?

    The maximum supply of Gnosis is 10,000,000 GNO tokens. New coins enter circulation as a reward for verifying batches of transactions on the network, called blocks. The rate of distribution of block rewards influences the inflation rate of GNO. This issuance rate may be subject to change.

13. What is the maximum supply of Fantom?

    The maximum supply of Fantom is 3,175,000,000 FTM tokens. New coins enter circulation as a reward for verifying batches of transactions on the network, called blocks. The rate of distribution of block rewards influences the inflation rate of FTM. This issuance rate may be subject to change.

14. How is FTM taxed?

    After purchasing FTM, it is best to consult a tax professional to ensure that you are reporting your Fantom holdings correctly.

15. What's the difference between Fantom and FTM?

    Fantom is the blockchain protocol which uses FTM as its native utility token. While Fantom is often used to describe the coin as well, FTM is the proper name for the cryptocurrency of the Fantom protocol.

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