Introduction
Staking Fantom can be a great option for those who want to hold FTM but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Fantom (FTM) tokens
In order to stake Fantom, you need to have it. To obtain Fantom, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Fantom wallet
Once you have FTM, you’ll need to choose a Fantom wallet to store your tokens. Here are some good options.
- 3
Delegate your FTM
We recommend using a staking pool when staking FTM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FTM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Fantom network. You’ll be rewarded with FTM for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Fantom (FTM) is currently priced at $0.4603, with a 24-hour trading volume of $201.51M. In the last 24 hours, Fantom has experienced a decrease to -0.19. The market cap of Fantom stands at $1.27B, with 2.80B in circulation. For those looking to buy or trade Fantom, reputable platforms like PrimeXBT, Uphold, Wirex, Kraken, Binance and OKX offer avenues to do so securely and efficiently.
- Market cap
- $1.27B
- Volume
- $201.51M
- Circulating supply
- $2.80B
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