Buy Fantom with a credit card
You can buy FTM for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Fantom price dynamics and history, get some answers to your questions, and find some useful links to read more about what is FTM.
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Fantom live price chart
FTM price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
As you can see, the current Fantom price is 0.6730638843967641. In any case, whether you want to buy the dip or just want to buy FTM for your personal needs - we got you!
What is Fantom Crypto
Fantom is a cryptocurrency and blockchain platform designed to provide fast, scalable, and secure solutions for decentralized applications (dApps) and smart contracts. It aims to address the limitations of existing blockchain networks by utilizing a directed acyclic graph (DAG) consensus mechanism known as the Lachesis protocol.
The Fantom network emerges as a groundbreaking platform. Established in 2018 by Dr. Ahn Byung Ik, a distinguished South Korean computer scientist, Fantom's foundation was laid with the intent to revolutionize the blockchain space. Dr. Ahn's extensive experience, including his role as President of the Korea Foodtech Association and co-founder of SikSin, has been instrumental in shaping Fantom's innovative approach.
The governance of the Fantom Foundation is bolstered by the expertise of Michael Kong, its CEO and Director, and the strategic insights of Andre Cronje, the renowned creator of Yearn Finance. Their collective vision propels Fantom towards achieving its ambitious objectives.
At its core, Fantom was conceived to overcome the challenges of scalability and efficiency faced by traditional blockchain networks. It is designed to be a scalable and high-performance ecosystem, enabling developers to build decentralized applications.
Fantom aims to achieve high transaction throughput and low fees by utilizing a modular architecture, where different components of the network can operate independently and in parallel. This allows for greater scalability compared to traditional blockchain networks.
Fantom stands out with its single-state blockchain architecture, which allows for unlimited composability among dApps. This means that applications on Fantom can interact seamlessly, without the bottlenecks typically associated with older blockchain technologies.
Transactions on the Fantom Network are finalized within seconds, thanks to its innovative Lachesis consensus algorithm. This DAG-based, asynchronous, and Byzantine Fault Tolerant mechanism ensures that transactions are not just fast, but also irreversible once confirmed, providing a reliable and efficient user experience.
The network’s compatibility with the Ethereum Virtual Machine (EVM) opens the door for developers to deploy Ethereum-based dApps on Fantom with minimal changes. This feature is crucial for fostering an environment of innovation and transferability within the blockchain ecosystem.
Fantom introduces a unique gas monetization system that rewards developers with a percentage of the gas fees generated by their smart contracts. Additionally, the network’s gas subsidy system encourages wider adoption by keeping transaction costs remarkably low.
At the heart of Fantom’s processing power is the Fantom Virtual Machine, a state machine that leverages machine learning and smart contract languages to execute complex operations with unparalleled efficiency.
One of the core components of Fantom is Opera, an application development layer and deployment platform on Fantom's mainnet. Opera operates on a permissionless and open-source basis, allowing developers to host decentralized applications (DApps) seamlessly.
Fantom's native cryptocurrency is called FTM. It is used for various purposes within the network, including transaction fees, staking, and participating in the governance of the platform.
Fantom boasts an on-chain governance mechanism where users can actively participate in decision-making processes. Through the use of FTM tokens, users have voting rights proportional to their token holdings, following a "one token equals one vote" principle. Interestingly, users can express their level of agreement or disagreement on proposals using a scale from 0 to 4, providing a nuanced approach to governance participation.
The Fantom platform supports the development of decentralized applications and provides a secure environment for executing smart contracts. It also incorporates features such as staking and governance, allowing users to participate in network consensus and decision-making processes.
FTM exists across multiple protocols, including ERC-20, BEP2, and Fantom's proprietary OPERA tokens. This diverse protocol support allows for seamless integration within different blockchain ecosystems, facilitating efficient transactions and expanding the token's utility across various platforms.
The Average Fees on the Fantom Network
Fantom network, fees for most transactions typically amount to less than $0.01, even during periods of high traffic. This stands in stark contrast to platforms like Ethereum, where even simple transactions can incur fees exceeding $1.11. Fantom's consistently low transaction costs offer users a cost-effective alternative for conducting transactions, especially when compared to networks experiencing congestion and high gas fees.
The FTM token wallets
Several wallets support the storage of FTM tokens, such as Fantom Wallet, the official Fantom network wallet, Meta Mask, Trust Wallet, Ledger Nano S/X, Coinbase Wallet, MyEtherWallet, Math Wallet, Huobi, Guarda Wallet, Coinomi, etc.
Where and How to Buy FTM
Fantom's FTM token is readily available for trading on several leading cryptocurrency exchanges such as Binance, Gate.io, and OKEx Korea, enhancing its liquidity and accessibility to investors worldwide.
Wondering if now is a good time to buy Fantom Network? Well, you can find out on SwapSpace, your go-to platform for the cheapest way to buy FTM crypto. With SwapSpace, you can seize the opportunity to invest in Fantom Network hassle-free. Ready to make a move? You can buy FTM right here on SwapSpace — look below to find an instruction on how to buy Fantom Network.
How to buy FTM on SwapSpace
On this page, we put USD in the “You send” and FTM in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Fantom address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
