How to Stake Fantom (FTM) in India

Introduction

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

Step-by-Step Guide for Indian Investors

1. 1. Acquire Fantom (FTM) Tokens in India

   To stake Fantom, you first need to acquire it. To obtain Fantom, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   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 rates

2. 2. Choose a Fantom Wallet in India

   Once you have FTM, you'll need to choose a Fantom wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Ankr	Fantom (FTM)	Up to 3.59% APY
   Binance	Fantom (FTM)	Up to 0.59% APY

   View all 10 staking rewards available in India

3. 3. Delegate Your FTM in India

   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, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Fantom network. For these validations, you will be rewarded with FTM.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.