Fantom has emerged as one of the top alternatives to Ethereum in the crypto market. It addresses the shortcomings of Ethereum, facilitating faster, cheaper, and more efficient smart-contract transactions.

In this guide, we review where to buy Fantom crypto – the project’s native token, ticker symbol FTM – in the United Kingdom and how you can complete your purchase in less than 10 minutes via a low-cost crypto platform.

How to Buy Fantom in the UK – Quick Steps

Before we get into the finer details of this digital asset class, check out our quickfire guide on how to buy Fantom from eToro.

  • Step 1: Open an eToro account
    Create an account on eToro.com by entering your full name, email address, and phone number. You will also have to verify your identity and the address you have provided.
  • Step 2: Deposit Funds
    Deposit a minimum of $10 into your eToro account. You can make the payment with a UK bank transfer or a debit card.
  •  Step 3: Search for Fantom
    Search ‘Fantom’ or ‘FTM’ in the top menu on eToro. When you see the correct result appear, click on ‘Trade’ to proceed.
  • Step 4: Buy Fantom 
    In the order box, enter the size of your Fantom Crypto investment. Click on the ‘Open Trade’ button to confirm your purchase.

Crypto assets are highly volatile and unregulated in most EU countries, Australia, and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

Where to Buy FTM – UK Crypto Exchanges

Being a popular altcoin that went on a bull run from $0.01 in early 2020 to almost $350 by late 2021 – a 35,000% move in less than two years – Fantom (FTM) is listed on many crypto exchanges.

Below are some of the best places to buy FTM that accept residents of the United Kingdom:

1. eToro – Overall Best Platform to Buy FTM

etoro logoeToro is a social trading platform that is used by millions of users across the world. It gives you access to several assets, such as stocks, ETFs, commodities, forex, and cryptocurrencies.

You can deposit dollars into your eToro account by paying a 0.5% deposit fee. To make the payment, eToro presents multiple methods, including bank transfers, in case you prefer a more conventional mode of payment.

etoro

eToro lets you get started with $10. The minimum stake amount is also the same, meaning, you do not have to risk large sums to start investing on this platform. eToro also has a transparent fee structure and charges you a flat 1% for all cryptocurrency purchases.

In order to aid your investment strategies, eToro offers you a long selection of tools, including pricing charts and market updates. If you do not wish to spend time on research, you can also copy another trader on eToro. Another option available is to invest in a Smart Portfolio dedicated to cryptocurrencies.

etoro

Put simply, this will offer you exposure to a diversified basket of digital assets, which is regularly managed and rebalanced by the eToro team. There are multiple Smart Portfolios available on eToro – both for cryptocurrencies and stocks. For those who wish to practice trading on a DIY basis, eToro also offers demo accounts that come funded with $100,000 in paper money.

Finally, once you buy Fantom, you can leave the tokens on the platform. eToro’s built-in wallet will ensure the secure storage of your cryptocurrencies.

Crypto assets are highly volatile and unregulated in most EU countries, Australia, and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

2. Crypto.com – Easy-to-Use Platform Offering a Range of Crypto Services

crypto.com logoAnother provider you can use to buy cryptocurrency in the UK is Crypto.com. This platform has built an entire ecosystem for digital assets, allowing you to access practically any crypto-related service you can think of. This includes an exchange, lending services, interest accounts, crypto debit cards, an NFT marketplace, and more.

Crypto.com is a mobile-first platform, meaning, most of its services are accessible via its app. This way, you can use the Crypto.com app to buy FTM in the UK using your debit/credit card while on the move. On the other hand, if you wish to trade Fantom Crypto tokens, you can do so via the desktop interface.

Crypto.com

In terms of costs, credit/debit card payments will require you to pay a fee of 2.99%. For trading, the highest fee charged is 0.40%, and you can bring this down by using CRO, Crypto.com’s native utility token. If you have a diversified crypto portfolio, you can also stake digital assets on Crypto.com to earn up to 14.5% in APY.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

binance logoBinance is a leading cryptocurrency platform that gives you access to over 600 digital assets and other financial services. You can get your hands on Fantom Crypto via Binance by exchanging BUSD tokens.

Binance’s cryptocurrency exchange comes equipped with advanced analytical tools and multiple order types – which you can use to time your trades.

You can also buy Fantom tokens in the UK using dollars by making a debit/credit card payment on the Binance website. The provider also supports bank transfers and lets you trade Fantom Crypto against other digital coins. The fees you pay will depend on the payment mode you choose.

Binance

For instance, when you buy crypto using a credit card, you can expect a fee of up to 2%. On the other hand, this provider charges a super-low fee of just 0.10% per slide for crypto trades. That being said, if you are a beginner, you might not find Binance an entirely user-friendly platform.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Coinbase – Leading Exchange to Buy Crypto in the UK

coinbase logoCoinbase is one of the most popular names in the cryptocurrency space that lets you buy Bitcoin and other digital assets in the UK.

As with the other platforms we have discussed so far, Coinbase also gives you access to debit/credit card payments as well as bank transfers to fund your cryptocurrency purchase. It also comes with an exchange where you can trade digital coins.

coinbase platform screenshot

However, you should bear in mind that Coinbase charges very high fees. For instance, the standard commission to buy cryptocurrency on this platform is 1.49%, whereas, debit/credit card payments will cost you a whopping 3.99%. On top of this, you will also have to cover the cost of the spread when trading digital coins.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is Fantom Crypto?

In simple terms, Fantom is a network of custom blockchains, designed to offer speed, security, and scalability. The project was established in South Korea, in 2018. Unlike other blockchain platforms, Fantom uses a Directed Cyclic Graph or DAG – which is secured by a novel proof-of-stake consensus called Lachesis.

This mechanism allows Fantom to process up to 20,000 transactions per second. Moreover, it is important to note that Fantom leverages smart contracts This allows Fantom to operate in a decentralized manner and requires lowers gas fees to process the transactions.

Fantom

This network is powered by FTM, the native utility token on Fantom. You can use this digital coin to participate in the governance of Fantom, make payments on the network, or generate rewards from staking. As the Fantom ecosystem adds more features, the platform plans to introduce additional utilities for the FTM token.

Is Fantom Crypto a Good Investment?

Since its launch, Fantom has generated a lot of excitement in the blockchain space.

That being said, Fantom is also operating in an extremely competitive and speculative space. There are other networks such as Solana and Cardano that promise fast transactions and scalability.

If you think Fantom has a good chance of succeeding in the smart contract race, investing in this digital asset might be a good idea.

Here are some characteristics of Fantom Crypto that can drive its growth.

Smart Contract Capabilities 

Ethereum was the first blockchain network to introduce smart contracts. And consequently, almost 80% of applications are built on this network. However, the Ethereum network has become congested due to this demand.

As we noted earlier, Fantom improves on some of the flaws of Ethereum. Moreover, it has smart contract capabilities – which has led to the growing adoption of this network for the development of decentralized applications, or dApps.

In fact, over 200 dApps are already deployed on the Fantom platform.

Fantom token

This includes crypto exchanges, wallets, yield optimizers, NFT platforms, and more.

As more and more developers turn to Fantom to build their applications, the demand for the FTM token could also increase in the market. This can bode well for Fantom investors in the long term.

Transactions are Faster and Cheaper 

Fantom also attends to another drawback of Ethereum – which is high transaction fees. Fantom can handle thousands of transactions per second and these are processed nearly instantly, within 1-2 seconds.

Moreover, the fees on Fantom are considerably cheaper when compared to Ethereum. In fact, it will cost only a fraction of a cent. It is therefore evident why Fantom is gaining in popularity among developers.

Fantom Crypto Use Cases 

When investing in cryptocurrency, it is always best to choose a utility token that has a wider functionality.

And Fantom Crypto fulfills this requirement very well.

You can use Fantom Crypto for the following purposes:

  • Staking – As we noted earlier, Fantom is a decentralized platform. It uses a proof-of-stake model and transactions on this network are verified by nodes using the FTM token. This means that you can stake your Fantom Crypto to help secure the network and earn rewards. You can earn up to 15.18% APR by staking FTM tokens for a period of one year.
  • Network fees – Fees on the Fantom ecosystem are paid using the FTM token. This includes transaction fees and costs for creating new networks and deploying smart contracts.
  • Governance – As a decentralized platform, Fantom lets holders of FTM tokens make decisions regarding its future. Therefore, if you own Fantom Crypto, you also receive governing rights on the network.

As you can see, Fantom Crypto has a number of use cases that allows you to generate passive income from this digital asset.

Adoption of the Network

Fantom has announced several integrations and partnerships, which indicates that this platform has no signs of slowing down.
According to the Fantom website, the network is already being used by prominent companies such as Travala, Waves, Gravity, and more. It is even working with other crypto networks like Chainlink and the Graph.
Fantom
Fantom has also entered into partnerships with governmental and healthcare organizations across the world.
The includes the Pakistan Private Educational Institutions Regulatory Authority, Royal Star Pharma in Afghanistan, Nabros in India, and others. This wide-scale adoption is a positive sign for those who wish to invest in Fantom Crypto in the UK.

A Strong Community

As we discussed above, Fantom has seen a spike in the adoption of its decentralized platform, and this is mainly due to its large and active community.

  • At the time of writing, Fantom has over 3 million distinct addresses on its network and this number is growing significantly per day.
  • The community is also active on social media and engages with investors regularly.
  • It is also worth noting that Fantom has attracted backing from renowned investors.
  • This includes a $35 million investment from Alameda Research.

Other notable backers include BlockTower Capital and HyperChain Capital.

Crypto assets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Fantom Crypto Price

Fantom Crypto was launched in late 2018. However, it wasn’t until 2021 that the digital coin started gaining the attention of investors.

This was mainly because 2021 was the year when the Fantom Foundation announced a number of exciting partnerships and integrations.

FTM price chart

Fantom Crypto started 2021 at around $0.017 per token; by the end of the year, it spiked to around $2. This translates to a gain of around 11,000% in a matter of 12 months. By January 2022, the Fantom Crypto price reached an all-time high of $3.30 per coin.

Since then, the digital coin retreated in value and saw its price drop by nearly 90%. A the time of writing, Fantom Crypto is traded at around $0.34. However, for those who believe in the potential of Fantom, this dip might present a good buying opportunity.

Fantom Crypto Price Prediction

The future price of Fantom Crypto will be determined by which network emerges as the best alternative to Ethereum. To elaborate, a number of blockchains – such as Solana, Binance Smart Chain, and Avalanche are also competing for the same market space.

Like Fantom, these networks also facilitate fast, cheap, and more secure transactions, in addition to compatibility with the Ethereum Virtual Machine. Nevertheless, Fantom has sufficient potential to grow and it appears as if it’s capable to carve out a sizable market share for itself.

Fantom price prediction

After considering the Fantom Crypto price history, analysts predict that FTM might see slow but sustained growth in the crypto market.

However, it is crucial to understand that these are speculations and as such, you should be careful not to invest on the back of somebody else’s opinion.

Furthermore, you should always bear in mind that the crypto market can be extremely volatile. Therefore, if you do decide to buy Fantom in the UK, you might want to view this as a long-term investment to ride out shorter-term pricing spikes.

Crypto assets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Ways of Buying Fantom Crypto UK

When thinking of where to buy FTM n the UK, one of the top considerations to make should surround the payment methods accepted by the broker.

It is always best to have choices  – so you can pick a mode of payment that’s suitable at the time of making an investment.

Initially, most platforms required you to make a bank transfer to invest in crypto. But now, thanks to third-party integrations, other instant, and easier payment methods are available to buy Fantom in the UK.

Buy FTM With Credit Card or Debit Card

Another popular payment method to buy Fantom in the UK is a credit or debit card.

eToro payment

However, if using a credit card to buy Fantom in the UK, you should also check with your provider if there are any additional fees involved.

Some credit card companies have restrictions when it comes to online fintech platforms and might levy a cash advance fee when making investments.

Best Fantom Crypto Wallet

If you are thinking about how to invest in Fantom Crypto in the UK, you should also consider where you plan to store your tokens.

Unlike fiat currencies, you cannot store crypto tokens in a bank account. This is where a crypto wallet comes in.

That is to say, you need a dedicated digital wallet that supports Fantom Crypto. Before choosing the best crypto wallet for your needs, you need to understand the types of options available.

Crypto wallets can be broadly classified into two:

  • Hot Wallets – These are always connected to the internet and make it easy for you to transfer and spend Fantom Crypto. The majority of software and desktop wallets fall into this category.
  • Cold Wallets – A cold crypto wallet is not connected to the internet and is thereby considered a more secure option. These come in the form of hardware devices that store your private keys. However, cold wallets are less convenient to use, as you have to connect the device to your phone or desktop computer to access your Fantom tokens.

If you are searching for the best crypto wallet that is secure, we would recommend eToro. Once you buy FTM tokens, your coins will automatically be secured on the platform.

eToro wallet app

On the other hand, if you want to transfer your Fantom tokens, you can also download the eToro Money wallet to your phone. This wallet is different from that of the eToro app, but you can sign in using the same credentials.

It supports over 120 different cryptocurrencies and allows you to exchange more than 500 token pairs from within the wallet itself. The eToro Money wallet also has high-level security features, which facilitate the safe storage of your cryptocurrencies. Since the wallet is custodial, you do not have to worry about losing your private key.

How to Buy Fantom Token in the UK – Tutorial

Now that we have discussed everything you need to know about this blockchain project, let us explain how to buy Fantom in the UK.

Below, we have prepared a guide that offers you a full breakdown of the investment process using eToro.

Step 1: Open an Account

As a regulated broker, eToro requires all its users to open a free account to access its services. This can be completed in less than a minute and requires you to provide your email address, full name, and phone number. 

Before proceeding to the next step, eToro will also ask you a few questions in order to access your prior investment experience.  This is to ensure that you access the right services and to offer you a user experience that aligns with your expertise.

Step 2: Upload ID

Next, you will have to verify your identity on eToro. Here, you will have to provide some additional information such as your home address and date of birth.

Alongside, you will also have to submit documentation that proves the data you have submitted.

  • For proof of identity, you can upload a copy of your passport or driver’s license.
  • For proof of address, you can use a bank statement or utility bill.

eToro completes the verification process instantly and lets you access the full features of the platform right away.

Step 3: Deposit Money

After the verification is complete, you will have to deposit money into your eToro account. If you wish to buy Fantom coins in the UK instantly, you can use an e-wallet or your debit card.

The minimum deposit stipulated is $10

Step 4: Search for Fantom  

eToro lists over 60 cryptocurrencies, along with other tradable assets. Instead of wading through these markets to find Fantom Crypto, the easiest way would be to search for the coin.

Fantom Crypto

eToro will instantly show you the correct market. To buy Fantom tokens, click on the ‘Trade’ button.

Step 5: Buy Fantom Tokens

At this stage, you will see an order box pop up – which will look like the image below. All you need to do is enter the amount you wish to invest in Fantom Crypto in the ‘Amount’ box. As noted earlier, the minimum stake required is only $10.

Fantom Crypto

Once you have filled in the amount, you can click on the ‘Open Trade’ button. This will complete the investment process and eToro will proceed to carry out the order.

The broker will add the Fantom Crypto coins you purchased to your portfolio.

How to Sell Fantom Crypto

When learning how to invest in Fantom Crypto in the UK, you should also think about your exit strategy. Some of you might prefer to HODL your coins for several years, while others might prefer to engage in short-term trading.

Regardless, selling Fantom Crypto can be simple – especially with the right broker.

Fantom

To sell this digital coin, you only have to visit your portfolio, find Fantom Crypto and close the trade.

eToro will immediately carry out the sell order and add the proceeds to your account balance. You can then withdraw the money at your convenience, or leave it within your eToro account.

Notably, this is possible because eToro has an in-built wallet. On the other hand, if you are storing your Fantom Crypto in an external wallet, you will have to move the coins to the exchange/broker to sell them.

Conclusion

Fantom is largely portrayed as a better version of Ethereum. The fundamentals of this cryptocurrency indicate that it has the potential to grow in the long term.

However, the crypto market can be extremely unpredictable, and therefore, you need to be careful before investing your money.

Nonetheless, eToro is the best place to buy FTM tokens in the UK. This platform lets you get started with $10, and requires a 0.5% deposit fee. Moreover, you will be able to buy and sell Fantom Crypto at a flat 1% fee, without any hidden charges.

etoro logo

Crypto assets are highly volatile and unregulated in most EU countries, Australia, and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two minutes to learn more.

Frequently Asked Questions

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