How to Stake Fantom (FTM): A Step-by-Step Guide

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 Guide

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.
Platform Coin Price
Nexo Fantom (FTM) 0,67
PrimeXBT Fantom (FTM) 0,67
Uphold Fantom (FTM) 0,67
Kraken Fantom (FTM) 0,67
OKX Fantom (FTM) 0,67
YouHodler Fantom (FTM) 0,67
See all 35 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 good options.
Platform Coin Staking rewards
Binance Fantom (FTM) Up to 0,59 APY
See all 8 staking rewards
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.

Platform	Coin	Price
Nexo	Fantom (FTM)	0,67
PrimeXBT	Fantom (FTM)	0,67
Uphold	Fantom (FTM)	0,67
Kraken	Fantom (FTM)	0,67
OKX	Fantom (FTM)	0,67
YouHodler	Fantom (FTM)	0,67

Platform	Coin	Staking rewards
Binance	Fantom (FTM)	Up to 0,59 APY

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 US$3.59 with a 24-hour trading volume of US$335.86M. The market cap of Fantom stands at US$1.87B, with US$2.8B FTM in circulation. For those looking to buy or trade Fantom, Binance offers avenues to do so securely and efficiently}

Market cap: US$1.87B
24h volume: US$335.86M
Circulating supply: US$2.8B

See latest information

Frequently Asked Questions About Staking Fantom (FTM)

What is Fantom (FTM) staking?: Fantom (FTM) staking allows you to earn rewards by participating in the network's operations. By staking your FTM, you help secure the network and validate transactions.
How are staking rewards calculated on Fantom?: Staking rewards on Fantom are calculated based on the amount of FTM you stake and the duration you hold it staked. The more and longer you stake, the higher your potential rewards.
When do I receive my Fantom staking rewards?: Fantom staking rewards are typically distributed periodically, but the exact timing can depend on the validator you choose. It's important to check with them for specifics.
Can I stake only a portion of my FTM holdings?: Yes, you can choose to stake only a portion of your total FTM holdings. This flexibility allows you to manage your investment strategy as you see fit.
Is there a lock-up period for staking FTM?: Yes, staked FTM usually has a lock-up period which means your tokens will be temporarily inaccessible. The duration depends on the staking conditions you accept.
What happens if I unstake my FTM early?: Unstaking FTM before the end of the lock-up period could result in penalties or the loss of pending rewards. Always understand the conditions before unstaking.
How does Bitcompare help with Fantom staking?: Bitcompare provides tools like real-time price comparisons, email alerts, sentiment analysis, and latest news to help you stay informed about Fantom staking rewards.
Why is it important to stay updated with Fantom announcements?: The cryptocurrency market is highly dynamic. Staying updated with Fantom news helps you make well-informed decisions. Bitcompare is a valuable resource for latest updates.
Can I stake Fantom on multiple platforms?: Yes, you can stake Fantom on various platforms if they support it. Compare reputable platforms using Bitcompare to find the best fit for your needs.
What tools does Bitcompare offer to track Fantom investments?: Bitcompare offers tools like real-time price comparisons, sentiment analysis, and email alerts, helping you track Fantom investments efficiently. Bookmark their page for regular updates.