How to Stake Fantom (FTM): A Comprehensive Guide for Australians

Introduction

Staking Fantom can be a great option for those who want to hold FTM while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. Obtain Fantom (FTM) Tokens
To stake Fantom, you need to own it. To obtain Fantom, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost
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
See all 43 prices
2. Choose a Fantom Wallet
Once you have FTM, you'll need to choose a Fantom wallet to store your tokens. Here are some great options.
Platform Coin Staking returns
Ankr Fantom (FTM) Up to 3.59% % p.a.
Binance Fantom (FTM) Up to 0.59% % p.a.
View all 10 staking rewards
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 group of validators who combine their FTM, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Begin Validation
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.

Platform	Coin	Cost
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

Platform	Coin	Staking returns
Ankr	Fantom (FTM)	Up to 3.59% % p.a.
Binance	Fantom (FTM)	Up to 0.59% % p.a.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.