Introduction
Staking Fantom can be a great option for those who want to hold FTM but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, 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
To stake Fantom, you need to have it. To get Fantom, you'll need to buy it. You can choose from these popular exchanges.
See all 43 pricesPlatform Coin Price Nexo Fantom (FTM) 0,47 PrimeXBT Fantom (FTM) 0,68 Uphold Fantom (FTM) 0,68 YouHodler Fantom (FTM) 0,7 Kraken Fantom (FTM) 0,57 OKX Fantom (FTM) 0,69 2. Choose a Fantom Wallet
Once you have FTM, you’ll need to choose a Fantom wallet to store your tokens. Here are some lekker options.
See all 10 staking rewardsPlatform Coin Staking rewards MyCointainer Fantom (FTM) Up to 1,75% APY 3. Delegate Your FTM
We recommend using a staking pool when staking FTM. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their FTM, which gives them a better 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.
What to be Aware of
There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.
Latest Movements
Fantom (FTM) is presently priced at US$0,59 with a 24-hour trading volume of US$213,48M. The market cap of Fantom stands at US$1,82B, with 2,8B FTM in circulation. For those interested in buying or trading Fantom, MyCointainer offers ways to do so safely and efficiently
- Market cap
- US$1,82B
- 24h trading volume
- US$213,48M
- Circulating supply
- 2,8B FTM