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) 0.47
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 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
Ankr Fantom (FTM) Up to 3.59% APY
Binance Fantom (FTM) Up to 0.59% APY
See all 10 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)	0.47
PrimeXBT	Fantom (FTM)	0.68
YouHodler	Fantom (FTM)	0.7
Binance	Fantom (FTM)	0.7
BTSE	Fantom (FTM)	0.64
Coinbase	Fantom (FTM)	1

Platform	Coin	Staking rewards
Ankr	Fantom (FTM)	Up to 3.59% APY
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.