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) 0.68
PrimeXBT Fantom (FTM) 0.68
Uphold Fantom (FTM) 0.68
Kraken Fantom (FTM) 0.69
OKX Fantom (FTM) 0.68
YouHodler Fantom (FTM) 0.68
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)	0.68
PrimeXBT	Fantom (FTM)	0.68
Uphold	Fantom (FTM)	0.68
Kraken	Fantom (FTM)	0.69
OKX	Fantom (FTM)	0.68
YouHodler	Fantom (FTM)	0.68

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 $0.59 with a 24-hour trading volume of $344.36M. The market cap of Fantom stands at $1.92B, with $2.8B FTM in circulation. For those looking to buy or trade Fantom, Binance offers avenues to do so securely and efficiently}

Market cap: $1.92B
24h volume: $344.36M
Circulating supply: $2.8B

See latest information

Frequently Asked Questions About Staking Fantom (FTM)

What are Fantom (FTM) staking rewards?: Fantom staking rewards are incentives for holding and securing the FTM network. By staking your FTM, you earn rewards in the form of additional FTM. Stay updated on the latest rewards rates through Bitcompare's tools for real-time comparisons and news events.
How often are staking rewards distributed?: Fantom staking rewards are typically distributed daily. To ensure accurate and current information, frequently check Bitcompare's sentiment analysis and price comparisons to track your earnings potential.
What is the minimum amount required to stake FTM?: The minimum amount required to stake FTM is generally 1 FTM. Details may vary, so it's recommended to use Bitcompare for the latest exchange rates and conditions to make informed decisions.
How can I calculate my potential staking rewards?: To calculate potential staking rewards, consider using a rewards calculator tool on Bitcompare. This platform offers real-time data and sentiment analysis to help estimate your earnings based on the current market conditions.
Are there any risks associated with staking FTM?: While staking FTM, risks such as market volatility and validator performance exist. Stay informed with Bitcompare's updates and alerts to minimize risks and make sound decisions based on up-to-date information.
Can I unstake my FTM at any time?: Staked FTM can usually be unstaked anytime, but it may take a few days for the process to complete. Use Bitcompare's real-time tools to monitor market conditions and decide the most advantageous time to unstake.
What are the benefits of staking FTM?: Staking FTM allows you to earn rewards and contribute to network security. Use Bitcompare to access market comparisons, news, and alerts, ensuring you are making informed choices about staking benefits.
How do I start staking Fantom (FTM)?: To start staking FTM, choose a supported wallet or exchange and follow their staking instructions. Check Bitcompare regularly for the best rates, exchange information, and updates to optimize your staking experience.