Many other blockchains have risen to adoption since the development of Bitcoin and cryptocurrencies, each attempting to be better and more efficient. Fantom is one of the most popular.
The Fantom blockchain gained many users due to its speedier and more secure network. It tries to address the scalability and transaction cost issues that plague popular networks like BTC and ETH. The Fantom project also supports smart contracts, which are decentralized application execution programs.
In 2021, Fantom’s native token, FTM, grew over 200 times, from $0.016 in January to $3.48 in October. In 2022, it corrected and retraced a portion of that move, creating a buying opportunity for the following bull cycle.
Fantom Crypto – How to buy?
On eToro, you may buy Fantom in the United States and Europe, the United Kingdom, Australia, and the rest of the world. It’s a beginner-friendly crypto platform that’s also safe and regulated. Take the following steps:
- Create an eToro account: Create a free account on the official eToro website. You’ll be asked to enter your information and upload the relevant KYC papers.
- Deposit: To purchase cryptocurrencies, such as FTM, you’ll need to fund your crypto account. Users can start trading with as little as $10 on eToro.
- Look for Fantom: Click on the Fantom crypto investment page after searching in the top navigation box.
- Buy Fantom: Click ‘Trade’ to see the Fantom news feed and price chart. To confirm the transaction, enter the amount you want to invest in Fantom and click ‘Open Trade.’
eToro: Best Platform to Buy Fantom
eToro is one of the first asset trading websites, established in 2007, long before cryptocurrencies. It still offers equities, FX, commodities, and 60+ crypto coins. The site now has over 27 million users worldwide and is still growing.
eToro is an excellent site to buy Fantom in the United States because it is available both domestically and globally. The user interface is simple, so you will have no trouble navigating the website even if you are a novice. In addition, the platform features 0% deposit fees for USD and some of the lowest transaction fees in the industry. It accepts various payment options, including debit/credit cards, Paypal, Neteller, Skrill, bank transfers, and others. The minimal deposit is ten dollars.
On eToro, you may find several unique features not found on most other platforms, such as copy trading and staking. The platform is also heavily regulated by the FCA, ASIC, and CySEC, ensuring that your NFT purchase is safe. It also has copy portfolio features, including one that is focused on DeFi coins, which NFT is. It’s a technique to diversify your financial portfolio by investing in various decentralized financial assets.
After the May 2022 crypto slump, Fantom had one of the greatest bounces, indicating that it may have reached a bottom and be ready to begin a new bull cycle. It was listed on eToro in March 2022.