How to Stake Fantom (FTM) in the UAE

Introduction

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

Step-by-Step Guide for UAE Residents

1. 1. Acquire Fantom (FTM) Tokens

   To stake Fantom, you first need to acquire it. To obtain Fantom, you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   YouHodler	Fantom (FTM)	0.7
   Binance	Fantom (FTM)	0.7
   BTSE	Fantom (FTM)	0.64
   Coinbase	Fantom (FTM)	1

   View all 43 prices

2. 2. Select a Fantom Wallet

   Once you have FTM, you'll need to select a Fantom wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   Ankr	Fantom (FTM)	Up to 3.59% APY
   Binance	Fantom (FTM)	Up to 0.59% APY

   Explore all 10 staking rewards available in the UAE market.

3. 3. Delegate Your FTM in the UAE

   We recommend utilizing a staking pool when staking FTM. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their FTM, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the Fantom network. For these validations, you will be rewarded with FTM.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.