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How to buy Fantom (FTM) in Canada

Learn how to buy Fantom in Canada. It takes only 3 easy steps and you never pay CAD deposit and withdrawal fees. That’s right – no fees.
Buy Fantom

What is Fantom?

Fantom is a platform that supports decentralized finance (DeFi), smart contracts, and decentralized apps (dApps). Transactions using the Fantom platform are much faster than those through Ethereum and Bitcoin because Fantom uses the Lachesis protocol.

Fantom is also Ethereum Virtual Machine (EVM) compatible, meaning developers easily can transfer applications from the Ethereum blockchain to the Fantom blockchain.

Fantom’s native cryptocurrency token is FTM, which is used for staking, fee payments, and governance. Like other cryptocurrencies, Fantom aims to be the best among smart-contract enabled blockchains.

Fantom (FTM) logo
Fantom (FTM) logo

Fantom (FTM)

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Why invest in Fantom?

With rising concerns around crypto mining and climate change, Fantom may surpass Bitcoin and Ethereum as more eco-friendly and scalable. Many cryptocurrencies use a lot of energy and time to validate transactions, while Fantom uses a DAG (Directed Acrylic Graph). Its DAG is a digital ledger, like a blockchain, that makes sure transactions complete within seconds and stay more energy-efficient. The transactions record on top of one another rather than in a chain sequence.

Fantom also offers staking to its investors. Anyone who invests in FTM can stake their tokens to earn passive crypto easily, which isn’t possible with proof-of-work cryptocurrencies.

What are Fantom’s pros and cons?

PROS

  • The Fantom network remains a scalable network that is also decentralized and secure, making it a possible threat to Ethereum and Bitcoin.
  • You can earn additional passive income by staking Fantom.
  • Fantom is easy to buy in Canada by using a platform like Coinberry for crypto trading.

CONS

  • Because cryptocurrency prices change quickly, so can Fantom’s value.
  • One of Fantom’s biggest competitors is Ethereum - the second most popular cryptocurrency in the world.

Why does Fantom stand out as a crypto investment?

Fantom focuses on blockchain technology’s three most important components: decentralization, scalability, and security. Many other cryptocurrencies, such as Ethereum and Bitcoin, only focus on decentralization and security, ignoring scalability. But a cryptocurrency project needs to be scalable - slow transaction speeds simply won’t be adopted in the modern world.

Fantom transactions generally take a few seconds to complete thanks to the Lachesis protocol, which can validate transactions independently, without consensus from the rest of the blockchain. Speed, scalability, and security make Fantom a good choice for Canadians to invest in.

Looking to buy Fantom (FTM) in Canada? Coinberry has you covered:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

Buy Fantom (FTM).

You can buy FTM right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Fantom

Your trustworthy platform for digital currency.

We’re the only Insured, OSC & FINTRAC registered, and PIPEDA compliant crypto trading platform trusted by Canadian municipalities.

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