How to Stake Fantom (FTM)

Introduction

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

Step-by-Step Guide for Italian Investors

1. 1. Acquire Fantom (FTM) Tokens

   To stake Fantom, you must first acquire it. To obtain Fantom, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	Fantom (FTM)	0,47 APY
   PrimeXBT	Fantom (FTM)	0,68 APY
   YouHodler	Fantom (FTM)	0,7 APY
   Binance	Fantom (FTM)	0,7 APY
   BTSE	Fantom (FTM)	0,64 APY
   Coinbase	Fantom (FTM)	1 APY

   Check out 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 tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   Ankr	Fantom (FTM)	Up to 3,59% APY
   Binance	Fantom (FTM)	Up to 0,59% APY

   Discover all 10 staking rewards available to you

3. 3. Delegate Your FTM

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

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in FTM.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.