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How to obtain FTM coins? Introduction to several methods of obtaining FTM coins

FTM tokens can be acquired through centralized exchanges, staking platforms, liquidity provision, and participation in airdrops and events on the Fantom network.

Oct 25, 2024 at 03:00 pm

How to Obtain FTM Coins: A Comprehensive Guide

Fantom (FTM) is a fast, scalable, and secure blockchain platform that supports decentralized applications (dApps) and smart contracts. FTM is the native token used on the Fantom network and can be used for transaction fees, staking, and governance.

Obtaining FTM coins can be done through several methods, including:

1. Purchase on Centralized Exchanges

a. OKX

Register on OKX and complete KYC verification.
Transfer funds to your OKX account via fiat currency or cryptocurrency.
Navigate to the "Markets" tab and search for "FTM/USDT" or "FTM/USDC" pair.
Select "Buy" and enter the amount of FTM you want to purchase. Confirm the transaction.

b. Binance

Create a Binance account and complete KYC verification.
Deposit funds into your Binance account via fiat currency or cryptocurrency.
Go to the "Spot" section and search for "FTM/USDT" or "FTM/BUSD" pair.
Click "Buy" and input the amount of FTM you wish to buy. Execute the order.

c. Crypto.com

Sign up for Crypto.com and complete verification.
Fund your account using fiat currency or cryptocurrency.
Locate the "Buy" tab and search for "FTM."
Enter the amount of FTM you want to purchase and complete the checkout process.

2. Earn Through Staking

a. Fantom Wallet

Download and install the Fantom Wallet.
Create a wallet and transfer FTM coins to it.
Stake your FTM coins using the built-in staking feature.
Receive rewards for supporting the network and securing transactions.

b. Binance Staking

Access the Binance Staking platform.
Select "Binance Earn" and choose "Staking" from the options.
Locate "Fantom" and click on "Stake Now."
Enter the amount of FTM you want to stake and confirm the duration.
Earn rewards while your FTM remains staked.

3. Earn Through Liquidity Providing

a. FantomSwap

Connect your wallet to FantomSwap.
Navigate to the "Earn" tab and select "Liquidity."
Choose the desired FTM pair (e.g., FTM/USDC) and create a liquidity pool.
Deposit an equal value of FTM and another token to provide liquidity.
Earn rewards based on the trading volume of the pool.

b. SpookySwap

Visit SpookySwap and connect your wallet.
Head to the "Farms" section and browse for "FTM" pools.
Stake your FTM or FTM pairs to earn rewards from transaction fees and incentivization programs.

4. Participate in Airdrops and Events

a. Fantom Foundation Airdrops

Follow Fantom on social media and keep an eye out for airdrop announcements.
Complete the specified tasks and requirements to qualify for free FTM tokens.

b. Fantom Hackathons

Participate in Fantom-organized hackathons and develop innovative projects on the platform.
Submit your project and potentially receive FTM rewards as a prize or grant.

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