Why buy Fantom with Kraken?

About Fantom

What can you do with Fantom?

Swap Fantom for other assets

Fantom FAQ

Learn more about Fantom

1. How is Fantom different from normal cash?

   Unlike traditional currencies, Fantom is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Fantom. This decentralization means the holders and users of Fantom can help to maintain the network.

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2. Where can I buy Fantom?

   Most find that the easiest and most secure way to purchase Fantom is through a trusted cryptocurrency platform like Kraken. While Fantom can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Fantom.

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3. How do beginners buy Fantom?

   While Kraken makes it easy for anyone to buy Fantom, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Fantom in the Kraken Learn Center, beginners can use Kraken to buy Fantom in moments with as little as $10.

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4. Is Fantom available to buy and sell in my country?

   To find out if Kraken offers Fantom in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Fantom a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Fantom may be a worthwhile purchase.

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6. Can I purchase Fantom using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Fantom?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Fantom I can buy?

   You can buy as little as $10 worth of Fantom on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Fantom regularly.

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9. Can I buy Fantom with a debit card?

   Yes, you can buy Fantom using a debit card on Kraken.

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10. Can I buy Fantom with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Fantom using hundreds of other cryptocurrencies. Browse the Fantom markets available on Kraken to see how much it costs to buy Fantom with other cryptocurrencies.

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11. How can I keep my Fantom safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Fantom. When you choose to keep your Fantom on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Fantom?

    Yes, Kraken makes it easy to automatically buy Fantom on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Fantom?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Fantom from Kraken to my crypto wallet?

    Yes, the Fantom you buy on Kraken is yours. Kraken makes it easy to withdraw your Fantom to any hot wallet or cold wallet that supports Fantom. Simply enter the external wallet address and your Fantom will be in your wallet a few moments later.

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15. Is it safe to leave my Fantom on Kraken?

    We take every measure possible to keep the Fantom you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Fantom. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Fantom?

    Yes, as long as the seller is willing to accept Fantom in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Fantom?

    The current circulating supply of Fantom is 2.801.013.313 FTM.

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