What is Fantom
Fantom is a cryptocurrency that was founded in 2017 by a team of experienced blockchain developers. It’s a decentralised, peer-to-peer cryptocurrency that was designed to offer fast and secure transactions. Unlike many other popular cryptocurrencies, Fantom utilizes a unique algorithm called Z compromise which enables the network to process transactions faster than ever before while maintaining high levels of security.
In addition to its fast transaction processing capabilities, Fantom also offers users several other key benefits, including ease of use, low fees, and an open-source code base. For these reasons and more, Fantom has quickly become one of the leading cryptocurrencies in the global marketplace today. And is endorsed by prominent industry figures such as Vitalik Buterin, the founder of Ethereum.
How to buy Fantom (FTM)
The easiest and most affordable way to buy the cryptocurrency, Fantom (FTM) in Australia is by using the CoinSpot exchange. Aussie investors can buy Fantom with AUD via Bank Transfer, Credit/Debit Card, BPAY, Osko, PayID, POLi or Cash. Follow the below guide to buy FTM in Australia.
- Create a free account on CoinSpot and complete the KYC (verification) requirements.
- Tap ‘Deposit Funds’, select a method and deposit AUD to CoinSpot.
- Go to the ‘Buy/Sell’ tab, type in 'Fantom’ and click the ‘Buy FTM’ button.
- Input the amount of AUD you would like to invest in Fantom and tap ‘Buy’.
Can I stake Fantom in Australia?
Yes, in addition to purchasing Fantom on CoinSpot, you may also stake it to earn a yield. At the time of writing, CoinSpot currently offers 2.9% APY (Annual Percentage Yield) on Fantom (FTM). However, APYs are estimated and subject to change. To stake FTM on CoinSpot, simply go to the ‘Wallets’ tab, find your Fantom wallet, click the ‘Earn’ tab, and input the amount you want to stake.
Should I buy the crypto Fantom?
Investing in the cryptocurrency, Fantom can be a good choice for those looking to diversify their investment portfolio. With its fast transaction times, high levels of security, and growing popularity among investors, there are many pros to consider when deciding whether or not to buy FTM tokens.
However, there are also some potential risks associated with investing in Fantom. For example, the value of FTM tokens can be extremely volatile due to market fluctuations and other factors beyond traders' control. Additionally, there may be limited liquidity for FTM tokens if demand for them decreases significantly.
Whether or not you should buy Fantom depends on your individual risk tolerance and investment goals. It is important to do your research and carefully consider the potential risks and benefits before making any investment decisions.
Fantom (FTM) Live Price in AUD
Below you can find the live price and chart of the cryptocurrency, Fantom in Australian dollars.