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Buy Fantom in the UK
Fantom
FTM
Overview
What is Fantom?
Buy Fantom (FTM): Fantom is a native utility token used within the Fantom network. It can be used for paying for things in the network, voting on changes to the network, and for using DeFi apps.
Fantom is a smart contract platform similar to Ethereum, Solana, and other platforms. It allows developers to build decentralised applications (dApps) and launch digital assets.
Most of the top 10 dApps on Fantom fall into the games, DeFi and Exchange categories.
Cool things on Fantom
Estfor Kingdom
Estfor Kingdom is a mediaeval fantasy multiplayer browser-based blockchain game built on the Fantom Opera network.
Players can immerse themselves in a world of magic, quests, and heroism. Players can select their hero and specialise in physical, ranged, or magical arts. As they progress, they’ll unlock new abilities and combat powers.
Players come across monsters, learn their weaknesses, and level up their combat skills. The more they fight, the greater the rewards. Players can loot, mine, craft, buy, sell, or even steal valuable items. Climbing the ranks in Estfor requires strategic use of these items.
Players can also incubate, upgrade, and hatch eggs to create cute and powerful pets. Players can collaborate with friends and other players by forming or joining a clan. Clans can battle each other for real money rewards.
All items in Estfor Kingdom are non-fungible tokens (NFTs) owned by players.
SpookySwap
SpookySwap is a digital marketplace that lives on the Fantom blockchain, where people can trade their tokens directly with each other. No central authority controls it; it’s all powered by smart contracts and the community.
Robots.Farm
Robots.farm is a play-to-earn platform that combines gaming and crypto on the Fantom blockchain. Robots work together, grow crops, and earn rewards. Players can go on quests which boost chances of getting airdrops (free tokens) and other goodies.
Why do investors buy Fantom?
Scalability and speed
Fantom stands out due to its focus on scalability. Unlike some other blockchains, Fantom can handle a high throughput of transactions without compromising speed or protection. This makes it attractive for developers building decentralised applications (dApps) and running smart contracts.
Proof-of-Stake (PoS) model
Fantom uses a PoS model to protect its network. Users can stake their FTM tokens to participate in consensus and earn rewards. Staking not only contributes to network protection but also allows token holders to earn passive income.
Competitive transaction fees
FTM tokens are used to pay for transaction fees on the Fantom network. These fees are significantly more competitive than those on Ethereum, making Fantom an appealing choice for cost-conscious users.
Ecosystem growth
Fantom’s ecosystem continues to expand, with new projects, partnerships, and integrations. As more applications are built on Fantom, demand for FTM tokens is likely to increase.
Fantom: How it works
Acquiring FTM: You can purchase FTM on various exchanges, including CoinJar.
Storing FTM: Store your FTM tokens in a protected wallet.
Staking FTM: Stake your FTM tokens to participate in network consensus. Staking rewards vary based on the amount of FTM you stake and the network’s overall performance.
Using FTM: Use FTM for transactions, whether sending funds or interacting with dApps.
Take advantage of the competitive fees and better performing confirmation times.
Why buy Fantom (FTM)? Conclusion
Fantom offers scalability, a PoS model, competitive fees, and a growing ecosystem. Whether you’re a developer, investor, or crypto enthusiast, consider exploring Fantom as part of your portfolio.
How to buy Fantom in the UK on CoinJar
Fantom is a protocol layer blockchain similar to Ethereum. It allows users to transact, launch smart contracts, and build decentralised applications (dApps), with a particular focus on DeFi projects.
Built on top of Ethereum, Fantom employs a unique consensus mechanism (known as Lachesis) to deliver better performing and cost-effective transactions – typically 1-2 seconds and costing 0.001 cents. Fantom is capable of handling thousands of transactions per second.
##How to buy Fantom
Here’s how you can buy Fantom on CoinJar.
Sign Up: Get the CoinJar app.
Open an Account: Sign up using ID. This process usually takes just a few minutes.Verify your identity. UK residents are required to do an assessment and wait 24 hours (see below).
Deposit Funds: Transfer funds from your bank account to CoinJar.
Buy Fantom (FTM): Once your account is funded, choose Fantom.
Stay Informed: Keep an eye on Fantom’s ecosystem and any updates related to the protocol.
Cash, credit or crypto?
Buy Fantom using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.How to buy Fantom with CoinJar
Start your cryptocurrency portfolio with CoinJar by following these steps.
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Frequently asked questions
What is Fantom?
Fantom is a decentralised platform that aims to provide better performing and scalable solutions for decentralised applications (dApps).
It utilises an acyclic graph (DAG) consensus mechanism, making it efficient for processing transactions and executing smart contracts.
How do I stake FTM (Fantom)?
Staking FTM involves locking your tokens to protect the network and earn rewards. You can choose between two options:
-Fluid Rewards: Stake with no lock-up period for a base rate.
-Locked Rewards: Lock up your tokens for up to 365 days and earn a higher APR.
Where can I buy Fantom (FTM) in the UK?
You can purchase FTM on cryptocurrency exchanges like CoinJar, which lists FTM for trading. To get started, create an account, verify your identity (noting the regulatory requirements above), and start trading.
Is Fantom a good investment?
Fantom’s unique features, including scalability, competitive transaction fees, and a growing ecosystem, make it an attractive choice for investors. However, always conduct thorough research and consider your risk tolerance before investing in any digital currency.
How can I start trading Fantom?
To begin trading FTM:
Create an Account: Sign up on a reputable cryptocurrency exchange like CoinJar, verifying your details (noting the regulatory requirements detailed above).
Deposit Funds: Transfer funds from your bank account.
Navigate to FTM: Look for Fantom (FTM) on the exchange platform.
How to buy FTM: Use your deposited funds to purchase FTM.
What is the Fantom network?
The Fantom network is a smart contract platform that facilitates decentralised applications (dApps) and transactions. It operates on an efficient DAG-based consensus model, allowing for rapid confirmation times and competitive fees.
Can I use my credit card or debit card to buy Fantom (FTM)?
Yes! Platforms like CoinJar allow you to buy FTM using credit or debit cards. Conveniently set up your account, verify your details (noting the regulatory requirements detailed above), and buy it.
You can hold it in your CoinJar wallet or start trading on the CoinJar crypto exchange.
How do I create an account on Fantom?
To create an account on Fantom:
Choose a Wallet: Use Fantom mobile wallets (iOS and Android) or the web/desktop version.
Protect Your Tokens: While staking locks up your tokens, they remain protected in your wallet, accessible only to you.
CoinJar provides its own wallet service. It is convenient, however being an online wallet there is a risk that it may be a victim of a cyberattack. Online wallets are also called “hot wallets”.
External Wallets: If you want to hold on to your Bitcoin for a while, you can transfer your Bitcoin to an external wallet. Hardware wallets are also known as “cold wallets” (like Ledger or Trezor) and these are effective for long-term storage as they are offline and seriously difficult to hack.
CoinJar has been operating since 2013. CoinJar keep the vast majority of customer assets in cold storage or private multi-sig wallets and maintain full currency reserves at all times.
Choose Wisely: When staking, select a reputable validator node to ensure the protection of your staked tokens.
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Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service. We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits. CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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