How to Stake Fantom (FTM): A Step-by-Step Guide for Ugandans

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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. Acquire Fantom (FTM) Tokens
To stake Fantom, you first need to acquire it. To obtain Fantom, you will have to buy it. You can select from these well-known exchanges available in Uganda.
E-platform Coin Cost
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
See all 43 prices in Uganda
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 reliable options to consider.
E-platform Coin Staking rewards in Uganda
Ankr Fantom (FTM) Up to 3.59% APY
Binance Fantom (FTM) Up to 0.59% APY
View all 10 staking rewards available.
3. Delegate Your FTM
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, which increases their chances of validating transactions and earning rewards. You can manage 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.

E-platform	Coin	Cost
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

E-platform	Coin	Staking rewards in Uganda
Ankr	Fantom (FTM)	Up to 3.59% APY
Binance	Fantom (FTM)	Up to 0.59% APY

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.