How to get FTM coins? This article will teach you how to get FTM coins

To acquire FTM coins, one can purchase them on cryptocurrency exchanges like Binance or earn rewards via staking or yield farming on decentralized platforms.

Oct 24, 2024 at 07:48 am

How to Get FTM Coins

FTM coins are the native currency of the Fantom blockchain. They can be used to pay for gas fees, stake to earn rewards, and vote in governance decisions. There are a few different ways to get FTM coins.

1. Buy FTM coins on a cryptocurrency exchange

FTM coins are available for purchase on several cryptocurrency exchanges, including:

1. OKX
2. Binance
3. Huobi Global
4. KuCoin
5. Gate.io

To buy FTM coins on an exchange, you will need to create an account and deposit funds into your account. You can then use those funds to purchase FTM coins. The price of FTM coins will vary depending on the exchange you use.

2. Earn FTM coins through staking

Staking is a way to earn rewards by holding FTM coins securely in your wallet. When you stake your FTM coins, you are essentially lending them to the network to help secure it. In return, you will earn rewards in the form of new FTM coins. The amount of rewards you earn will depend on the amount of FTM coins you stake and the length of time you stake them for.

To stake your FTM coins, you will need a non-custodial wallet that supports staking. There are a few different wallets to choose from, including:

1. MetaMask
2. Fantom Wallet
3. Ledger Nano X

Once you have a wallet, you can transfer your FTM coins to the wallet and begin staking them. The process for staking FTM coins will vary depending on the wallet, but generally, you will need to select the amount of FTM coins you want to stake and the length of time you want to stake them for.

3. Earn FTM coins through yield farming

Yield farming is a way to earn rewards by providing liquidity to decentralized exchanges (DEXs). When you provide liquidity to a DEX, you are essentially lending your crypto assets to the exchange to help facilitate trading. In return, you will earn rewards in the form of new crypto assets. Yield farmers typically provide liquidity by creating liquidity pools and lending their crypto assets to those pools.

Many DEXs offer liquidity pools that FTM coins can be lent to. To provide liquidity and earn yield farming rewards, you will need to create a liquidity pool and lend your FTM coins to the pool. The amount of rewards you earn will depend on the amount of FTM coins you lend to the pool and the length of time you lend them for.

Conclusion

There are several different ways to get FTM coins. The best way for you to get FTM coins will depend on your individual needs and circumstances. If you want to buy FTM coins quickly and easily, you can purchase them on a cryptocurrency exchange. If you want to earn rewards by holding FTM coins, you can stake them. If you want to earn rewards by providing liquidity, you can yield farm.