How to Buy Fantom (FTM) in Canada

How to Buy Fantom in Canada

With low fees and costs, and high transaction speed, Fantom is seeking to take over Ethereum

BUY PRICE1 FTM = CAD $0.00

0.00

SELL PRICE1 FTM = CAD $0.00

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SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About Fantom

Brief Intro

Fantom was founded by computer scientists Dr. Ahn Byung Ik. However, Michael Kong is its current CEO. According to their site, the Fantom team is made up engineers, researchers, scientists, designers and entrepreneurs. In 2019, Fantom was launched to the world. Fantom is a smart-contract platform for decentralized apps (known as Dapps). It was created as an alternative to Ethereum since the latter suffers from low speed and high costs. By being one of the fastest networks in the world – and at low fees – Fantom is trying to solve for the issues around scalability, security and decentralization that plague many blockchains.

Fantom Price

Buy Fantom

FTM / CAD

CAD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy Fantom

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much Fantom as you want with no slippage due to our deep liquidity.

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More About Fantom

What is Fantom and How Does It Work?

If you’ve been in the crypto space for a while now, you may have heard that Ethereum is sometimes plagued by high transaction fees. Sometimes the fees are so high that they’ll surpass the value of a trade. Unfortunately, Ethereum will likely stay expensive until upgrades or changes are made to it. Fortunately, this is where Fantom comes in (and why many investors buy FTM).

Why Buy FTM? What Makes Fantom (FTM) Unique?

Fantom is a network with smart-contract capabilities, garnering a lot of excitement within the space. Its network facilitates fast transactions at low costs (which are just fractions of a cent). This helps Fantom play an important role in the decentralized finance (DeFi) space – like helping to establish ownership of non-fungible tokens (short for NFTs, or digital collectibles that can be traded, bought, sold or exchanged.

How Do I Securely Store My FTM?

You can buy FTM tokens from crypto trading platforms, like Netcoins, and leave your FTM inside the platform. However, there are much safer options to storing your FTM tokens as leaving them in exchanges can expose them to certain risks like hacking and theft. The safest option to keeping your FTM secure is to transfer them into a FTM wallet. A FTM wallet is a type of digital wallet that is used to send and receive FTM, similar to a Google wallet or a physical wallet.

What are Fantom’s (FTM) next steps?

Ethereum continues to lose ground in the smart contract-blockchain world with the rise of faster, more affordable blockchains like Solana, Cardano, Avalanche and Fantom. As time goes on, we’ll likely continue to see more innovation happening within the Fantom network, and may even see a plethora of unique applications being built on top of it. As of 2022, Fantom is offering investors a cheaper and quicker way to participate in the world of decentralized finance (DeFi). Although the future of Fantom can look bright, it’s worth mentioning that it has a significant lower market cap (the total value of coins in existence), suggesting that investors have opted into one of the other smart-contract networks instead.

FAQs

WHY BUY Fantom?

Fantom has seen major success since its launch thanks to its big focus on smart contracts, efficiency and speed. With low fees and costs, and high transaction speed, Fantom is seeking to take over Ethereum. The Fantom ecosystem is growing, with thousands of active daily users.

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a licensed money service business under FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process.

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy FTM in the US.

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