How to buy Fantom online

Fantom is a blockchain that aims to achieve decentralisation, scalability and security all at once. Scroll down to follow our step-by-step guide along with the best places to purchase Fantom.
By: Alexander Buckley
Alexander Buckley
Originally from Birmingham, UK. Alexander has a passion for crypto and loves diving into new projects and staying up… read more.
Updated: Dec 20, 2021
Tip: our preferred broker is, eToro: visit & create account

Scroll down to follow our step-by-step guide to buying Fantom along with a brief overview of the coin. 

Compare where to buy Fantom, and open an account

Fantom can be bought using an online broker. If you’re new, recommended brokers come with easy-to-follow instructions on how to navigate and start investing quickly. You can sign up to one using the links below or continue reading to learn more about Fantom first.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
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Full regulations list:
3
Min. Deposit
$100
Promotion
User Score
8.7
24/7 trading when the markets are open
Trade the four big names in crypto- Bitcoin, Ethereum, Litecoin and Bitcoin Cash
Premium MT4 and MT5 with suite of bespoke trading tools and indicators
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Description:
OANDA is the trusted name for Forex and CFD trading. Since 1997 OANDA has established a reputation for fair and transparent pricing and responsive customer service. Easy account opening process.
Payment Methods
Bank Wire, Check, Credit Card
Full regulations list:
CFTC, FCA, IIROC, MAS, NFA
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.

How to buy Fantom online – a step-by-step guide

Step 1. Find an exchange

You can buy cryptocurrencies from dedicated crypto exchanges and online brokers. Simply create an account on an exchange and you’ll be able to buy and sell a wide range of coins. Transactions are quick and the fees are low. Fantom can be found on a range of exchanges including Binance and Kucoin:

  • Binance: One of the biggest cryptocurrency exchanges in the world. You will be able to find Fantom and hundreds of other tokens available to trade. There are countless tutorials on the binance website to help you get started on the exchange. Sign up for Binance now >
  • KuCoin: KuCoin is a top cryptocurrency exchange. Similar to Binance, you’ll be able to find a wide selection of coins available to trade and tutorials on the KuCoin website to help you get up to speed with their trading platform. Join KuCoin today >

Step 2. Sign up and fund your account

Create an account on your chosen exchange then make a credit/debit card payment to add funds to your account. To add funds, you must first provide some contact information and identification.

Step 3. Purchase

To search for the coin you would like to purchase you can either type the coin’s full name out or enter its ticker. For Fantom, you can enter its ticker FTM.

A coin’s available trading pairings will appear. These pairings will be denominated in various currencies from Bitcoin (BTC) to United States Dollar tokens (USDT). To purchase using USDT, you can convert your deposited Great British Pounds into USDT on the exchange then trade your USDT for Fantom.  

Step 4. (Optional) Get a suitable wallet

After completing the transaction, you will see your Fantom coins available in your exchange wallet. You can keep your Fantom coins on the exchange or send them to an offline wallet where you will have more control over your coins. Below are two crypto wallets that you can use to hold your Fantom tokens:

  • Ledger Nano S: Ledger Nano S allows you to store your coins on a physical device. You’ll be able to manage your coins from any computer and even your mobile phone using their app. Sign up for the Ledger Nano S >
  • Freewallet: A free online wallet, Freewallet lets you store and manage your coins through an online web browser or an app on your phone. You can easily sign up and get started in just a few minutes. Get Freewallet now >

How to trade Fantom – a step-by-step guide

Step 1. Find a broker

Trading involves buying and selling a coin throughout any period of time. It’s best to use a low-fee broker so you avoid paying high trading fees on every trade you make. At the moment, there are no brokers that offer Fantom for trading. Using an exchange will be the best way to trade fantom. As the coin grows in popularity, brokers like eToro and Plus500 might add the coin as a tradable asset.

 Step 2. Create an account and deposit money

To sign up to a broker you will need to provide your contact details and some basic identification. You will also need to make a deposit into your account before you can start trading. Credit/debit card payments and PayPal are commonly used to fund a brokerage account.

Step 3. Learn how to perform technical analysis

Technical analysis can be used to try and determine which direction a financial asset could go. This is usually done by researching an asset’s chart patterns and history. Traders will use their research to decide if it would be best to buy or sell (or hold onto) an asset. You can learn more about trading strategies and technical analysis by taking our short term trading course.

Step 4. Decide whether to go long or short

If you’re trading on a broker or exchange, you will have the ability to go long (bet that the asset will rise) or go short (bet that the asset will fall). You can use your own analysis to decide on the best position to take.

Step 5. Make the trade

On your chosen brokers or exchanges trading page you’ll find the option to buy or sell a particular asset. You can enter the amount you’d like to buy or sell, then click the corresponding button.  

Should I invest in Fantom?

If the technicalities of Fantom and its future potential captures your interest, then investing may be a good idea. Using Fantom’s cryptocurrency, $FTM, you’ll be able to stake your coins on the network where you’ll be able to vote on the future of Fantom’s ecosystem and earn rewards simultaneously. 

$FTM can also be used to pay for transaction fees on the network, this makes owning some Fantom essential if you want to use the network’s decentralised applications (dApps) or trade coins using Fantom’s decentralised exchanges (DEX’s)

Fantom’s blockchain is capable of quick and affordable transaction speeds that rival its competitors. These capabilities make fantom a favourite coin of many crypto investors who believe Fantom to be one of the best crypto blockchains.

Still undecided? 

If you’re still unsure about Fantom then we have you covered. Below are some pros and cons to help you come to an opinion.

Pros

  • Super-fast transaction speeds and cheap transaction fees on the fantom network
  • $FTM can be staked to earn more $FTM
  • Smart technology under the bonnet

Cons

Finally, here are three questions to help you decide whether to invest in Fantom.

1. Is now a good time to buy Fantom?

If Fantom can attract more dApps onto its platform that have new, interesting use cases then Fantom’s network will keep on growing well into the future. As Fantom’s network grows, so will the price of its coin.

As of writing, Fantom is still very much in its early stages despite its launch in 2018. If you believe the Fantom network can continue to expand as it has already then making a long-term investment soon could be beneficial. Otherwise, short term trading will be more attractive.

You can use your own technical analysis and trading strategies to help you make the best entry. If you need help deciding when the best time to buy is, then follow the links below to see our team’s recommendations.

2. What problem does Fantom solve, and what are its investment prospects?

Fantom aims to solve the Scalability Trilemma. The Scalability Trilemma claims that blockchains must sacrifice one of three DLT (distributed ledger technology) properties to work efficiently; these are scalability, decentralisation, and security. 

Currently, there are a few good dApps available, but Fantom has a lot of catching up to do. One of the main pulls for developers to come to Fantom over competitors is Fantom’s ability to solve the trilemma and maintain low fees, fast transactions speeds and secure data.

Whether Fantom can sustain its relevance will depend on the dApps made for the network and how well the network can perform as more people come to use it. These potentially innovative dApps may take some time to arrive on the ecosystem so it’s best to keep on the lookout and be a patient investor.

The entire crypto market slumped on Wednesday. Bitcoin (BTC/USD) and Ethereum (ETH/USD) have made more than 4% dips, and this recession has caused a ripple effect on the broader market. Over the past week, Fantom (FTM/USD) has attracted much attention from the market after registering double-digit gains.

3. Do you want to hold Fantom for the long term?

General market sentiment and Fantom’s development will affect how well the coin will perform in the future. Below are some things to consider when investing in Fantom.

Considerations for a long-term investment strategy

It’s best to wait for dips in the market before accumulating more coins from an exchange. Anytime you purchase more coins be sure to consider sending them to your offline wallet.

Considerations for a short-term trading strategy 

For the short term, it’s generally a good idea to make decisions based on your own analysis of Fantom’s chart. If you spot an opportunity to make a profitable trade, select a broker and make use of their low trading fees to accomplish your strategy.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Alexander Buckley
Content Writer
Originally from Birmingham, UK. Alexander has a passion for crypto and loves diving into new projects and staying up late for airdrops. His first foray into… read more.