How to Stake Fantom (FTM)

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. 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. 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. 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. 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 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.