How to Stake Fantom (FTM)

Introduction

Staking Fantom can be an excellent choice for those looking to hold FTM while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Fantom (FTM) Tokens

   To stake Fantom, you first need to acquire it. To obtain Fantom, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Nexo	Fantom (FTM)	0,47
   PrimeXBT	Fantom (FTM)	0,68
   YouHodler	Fantom (FTM)	0,7
   Uphold	Fantom (FTM)	0,68
   Kraken	Fantom (FTM)	0,57
   OKX	Fantom (FTM)	0,69

   View all 43 prices

2. 2. Select a Fantom Wallet

   Once you have FTM, you'll need to choose a Fantom wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Ankr	Fantom (FTM)	Up to 3,59% APY
   Binance	Fantom (FTM)	Up to 0,59% APY

   View all 10 staking rewards available

3. 3. Delegate Your FTM

   We recommend using a staking pool when staking FTM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their FTM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.