How to Stake Fantom (FTM) in the UK

Introduction

Staking Fantom can be an excellent option for those who wish to hold FTM while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Fantom (FTM) Tokens

   To stake Fantom, you need to possess it. To obtain Fantom, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   YouHodler	Fantom (FTM)	0.7
   Binance	Fantom (FTM)	0.7
   BTSE	Fantom (FTM)	0.65
   Coinbase	Fantom (FTM)	1

   View all 43 prices

2. 2. Choose a Fantom Wallet

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

   Platform	Coin	Staking rewards
   Ankr	Fantom (FTM)	Up to 3.59% AER
   Binance	Fantom (FTM)	Up to 0.59% AER

   View all 10 staking rewards

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 group of validators who combine their FTM, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

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

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.