Where and How to Stake Fantom (FTM)

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. 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)	0.67
   Bitpanda	Fantom (FTM)	0.65
   Wirex	Fantom (FTM)	0.65
   Uphold	Fantom (FTM)	0.67
   Kraken	Fantom (FTM)	0.66
   OKX	Fantom (FTM)	0.67

   See all 22 prices

2. 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
   Bitpanda	Fantom (FTM)	Up to 2.00 APY
   Binance	Fantom (FTM)	Up to 1.70 APY
   Kucoin	Fantom (FTM)	Up to 1.50 APY

   See all 9 staking rewards

3. 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. 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.

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.