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) 0.68
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)	0.68
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 $3.59 with a 24-hour trading volume of $341.46M. The market cap of Fantom stands at $1.89B, 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: $1.89B
24h volume: $341.46M
Circulating supply: $2.8B

See latest information

Frequently Asked Questions About Staking Fantom (FTM)

What is Fantom (FTM) staking?: Fantom (FTM) staking allows holders to earn rewards by participating in the network's consensus mechanism. By locking their FTM tokens, users help secure the network and validate transactions.
How can I stake my FTM tokens?: You can stake your FTM tokens through a compatible wallet or exchange that supports Fantom staking. Check the staking features and options provided by the platform you use.
What are the rewards for staking FTM?: Staking FTM tokens rewards users with additional FTM based on the number of tokens staked and duration. Rates vary with network conditions and the staking platform used.
What is the lock-up period for FTM staking?: The lock-up period for FTM staking can vary depending on the platform chosen. Some offer flexible terms, while others have fixed durations. Verify details where you plan to stake.
Are there risks involved in staking FTM?: While Fantom staking offers rewards, risks include network changes, price volatility, and potential loss if the staking process is compromised. Research thoroughly before proceeding.
How can I maximize my staking rewards?: Maximize rewards by researching different platforms, choosing optimal lock-up periods, and staying informed of network changes. Use Bitcompare for tools to compare rates and news.
Why is it important to stay updated with Fantom news?: Staying updated with Fantom news helps you understand network developments and market trends, enabling better staking decisions. Use Bitcompare for real-time updates and alerts.
Where can I find reliable Fantom staking information?: For reliable Fantom staking information, use Bitcompare for real-time comparisons, sentiment analysis, and the latest news. Bookmark and check the page regularly for updates.
Can my FTM tokens be staked from any wallet?: Not all wallets support Fantom staking. Ensure your wallet is compatible, or consider using a reputable exchange that offers staking services. Double-check specifics before staking.
What makes Bitcompare a valuable tool for FTM stakers?: Bitcompare provides FTM stakers with real-time price comparisons, email alerts, and sentiment analysis, helping users make informed decisions. Visit regularly for the latest activity.