Uphold
- Trade FTM and 236 other cryptos.
- Instant deposits and withdrawals.
- Instant buy with CAD & advanced trading options.
| Current price | $0.070 |
|---|---|
| All-time high | $3.46 |
| All-time low | $0.0019 |
| 1-year price change | ▼ -85.28% |
| Market cap rank | #null |
| Total volume (24h) | $0.00M |
| Max supply | 3,175,000,000 |
| Network | Opera |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying FTM can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Fantom in Canada:
The easiest way to buy Fantom is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Fantom. On beginner-friendly exchanges, this is as simple as searching for the coin name (Fantom) or its crypto code (FTM), entering the CAD or FTM amount you want to purchase and clicking "Buy."
Consider transferring your FTM to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
We've curated a list of legitimate crypto exchanges below where you can buy Fantom in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The recent Fantom (FTM) price is $0.070 USD per coin, which is -2.74% lower than the previous day's trading price of $0.072 USD. Over the past 30 days, FTM's price has changed by -9.58%, from $0.077 USD to the current price of $0.070 USD. Compared to this time last year, Fantom's price has seen a decrease of -85.28% to its value as a cryptocurrency.
Fantom reached its all-time high of $3.46 USD on October 28, 2021, which was a +181,787.95% increase from its previous all-time low of $0.0019 USD, which it reached on March 13, 2020. It has since landed at its current price of $0.070 USD.
Yes, you can buy Fantom in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Fantom—like the ones in our curated list above—and place a "buy" order.
Because Fantom is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Fantom is a high throughput smart contract platform for building digital assets and decentralised applications. DeFi is prevalent within Fantom as users can supply liquidity, mint assets, lend and borrow, and trade with one another. Fantom is based on the Ethereum Virtual Machine (EVM), which means that if you're familiar with interacting with Ethereum, then you will not have a problem figuring out the features within Fantom. The core token of the blockchain is FTM.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Fantom with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Fantom with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Fantom, you could end up paying this:
If it took you three months to pay off your Fantom purchase at a credit card interest rate of 19.99% APR, you would pay an additional $3.60 USD in interest on top of what you originally paid to buy Fantom.
This example can help you compare the relative cost of buying Fantom with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Fantom, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Fantom with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Fantom with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
If you are wondering whether to buy Fantom or any other cryptocurrency, make sure you understand the risks involved. Here are some points to take into consideration:
Similarity. Fantom has a lot in common with many other blockchain, cryptocurrency, and DeFi platforms.
This is positive as the learning curve for understanding how to use Fantom is small if you're familiar with Ethereum or Binance Smart Chain
Market share. It remains to be seen whether or not Fantom can solidify its position in the DeFi market, as the space is already very competative
Ecosystem. Fantom has built a compelling and well functioning ecosystem of tokens and dApps, all centered around FTM
There are two main options for storing Fantom once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Fantom on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Fantom is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Fantom can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Fantom buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Keep in mind that buying Fantom can be risky. But if you decide to invest in Fantom, look for a regulated crypto exchange in Canada that supports FTM, and make sure to store your crypto securely.
Once you've bought Fantom, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Fantom's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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