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) 0.47
PrimeXBT Fantom (FTM) 0.68
Uphold Fantom (FTM) 0.68
YouHodler Fantom (FTM) 0.7
Kraken Fantom (FTM) 0.47
OKX Fantom (FTM) 0.69
See all 43 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
Kucoin Fantom (FTM) Up to 1.5 APY
See all 10 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)	0.47
PrimeXBT	Fantom (FTM)	0.68
Uphold	Fantom (FTM)	0.68
YouHodler	Fantom (FTM)	0.7
Kraken	Fantom (FTM)	0.47
OKX	Fantom (FTM)	0.69

Platform	Coin	Staking rewards
Binance	Fantom (FTM)	Up to 0.59 APY
Kucoin	Fantom (FTM)	Up to 1.5 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 $0.59 with a 24-hour trading volume of $213.48M. The market cap of Fantom stands at $1.82B, 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: $1.82B
24h volume: $213.48M
Circulating supply: 2.8B FTM

See latest information

Frequently Asked Questions About Staking Fantom (FTM)

What is Fantom (FTM) staking?: Fantom (FTM) staking involves locking up FTM tokens to support the operations of the blockchain network. In return, users earn rewards. Staking is a popular way to earn passive income in the crypto market. Stay informed and utilize tools on Bitcompare to track real-time prices, sentiment analysis, and latest news for effective decision-making.
How are staking rewards calculated for Fantom?: Staking rewards for Fantom depend on factors such as the amount of FTM staked and the duration of staking. Rewards can vary, and it's vital to stay updated with current rates. Bitcompare provides valuable tools like real-time price comparisons and email alerts to help you keep track and optimize your staking strategy.
What are the risks of staking FTM?: Staking FTM carries risks such as potential network security issues and the inherent volatility of cryptocurrency prices. It's crucial to stay informed and leverage Bitcompare's tools for sentiment analysis and the latest news events to manage these risks effectively. Regular updates and price comparisons can aid in making well-informed decisions.
How often are Fantom staking rewards distributed?: Fantom staking rewards are typically distributed at varying intervals, depending on the staking platform or pool. It's important to check the specific details of the platform you use. Regularly visiting tools like Bitcompare for updates on rates and distribution schedules can help you stay on top of your earnings.
Can I unstake FTM at any time?: Unstaking FTM is possible, but it often involves a waiting period before tokens are fully available. This period varies by platform. Ensure you understand the terms of your staking arrangement and regularly check Bitcompare for any updates or changes in the crypto market that might impact your decision to unstake.
What is the minimum amount of FTM required for staking?: The minimum amount of FTM required for staking varies by platform or validator. It's essential to verify these requirements before staking. Utilize Bitcompare's tools to compare platforms and their terms, ensuring you choose the most suitable option for your needs.
Are there any fees involved in staking Fantom?: Fees for staking Fantom can vary depending on the chosen platform, network conditions, and specific validator terms. Checking Bitcompare's resources regularly can provide insights into platform fee structures and help you make the most cost-effective staking decision.