If you’ve been following the world of cryptocurrency, you’ve probably heard of Fantom (FTM). The token is one of the hundreds that have popped up over the last few years. While it may seem like just another cryptocurrency, Fantom has a few key differences.
This article explains what Fantom is and how you can buy it. It will also look at some of the best ways to store and trade it.
By the end of this article, you should have a basic understanding of what Fantom is and how you can buy it.
What Is Fantom?
Fantom is a cryptocurrency that is focused on privacy. The coin was founded in 2017 to provide a better alternative to Western Union. The company raised $26 million in its ICO, and the token’s price has grown steadily since then.
One of the main advantages of Fantom is that it is not traceable. The company states that there are no transparency issues with the coin because they don’t hold any assets. This means that they don’t have to worry about being hacked or having assets frozen by a government.
How To Buy Fantom
There are a few ways to buy fantom crypto. The first option is to use a cryptocurrency exchange that deals in the token. You can find several exchanges that list Fantom on the internet.
Another option is to purchase Fantom directly from the Fantom website.
You can also sell other cryptocurrencies and use that money to buy Fantom.
What Is Fantom Good For?
Like many cryptocurrencies, Fantom is meant to be used as a method of payment. It’s also interchangeable with other cryptocurrencies, such as Bitcoin and Ethereum.
To use Fantom as a payment method, you must own the token. There are no retailers that accept Fantom as payment yet, but the company is working on partnerships to bring this feature to the platform in the future.
Is Fantom A Good Investment?
Despite being relatively new, Fantom has experienced quite a bit of growth. It was worth less than a cent at the beginning of 2018 and is now worth over $2.00.
This growth is likely due to the popularity of privacy-focused coins. The demand for these coins is at an all-time high because of the Bitcoin scaling debate and the introduction of regulatory frameworks around the world.
Like many cryptocurrencies, Fantom is a great investment if you’re looking for a long-term hold. The price of the coin is likely to continue rising in the coming months.
However, investors should be careful about the project’s future growth. The company has already stated that it is working on partnerships to bring fiat to the platform.
If these partnerships are successful, then fantom crypto might not remain a privacy-focused coin.
Where To Store Fantom
Like many newer cryptocurrencies, Fantom is not easily stored. At the moment, the only way to store Fantom is on the native Fantom wallet.
The Fantom Wallet is available for both iOS and Android platforms. You can download the app from the Apple App Store or Google Play Store.
Is Fantom Easy To Trade?
Trading Fantom is not difficult, but it does require a few things. The first is to find a cryptocurrency exchange that lists Fantom.
The second thing you’ll need is a wallet that supports Fantom trading. The best option is to use a wallet that supports multiple cryptocurrencies.
For more information please visit https://hector.finance/blog/fantom-next-generation-smart-contract-network/.
One of the main advantages of Fantom is that it is not traceable. The company states that there are no transparency issues with the coin because they don’t hold any assets.