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How to buy Fantom (FTM) in Canada

How to buy Fantom (FTM) in Canada

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You can buy Fantom (FTM) on a cryptocurrency exchange like Bitbuy. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Fantom is a high throughput smart contract platform for building digital assets and decentralised applications. Here's how to buy Fantom.

How to buy Fantom in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Fantom is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, interac e-transfer, wire transfer and credit card payments are widely accepted.
  4. Buy Fantom
    You can now exchange your funds for Fantom. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Fantom to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Fantom in Canada

Find an exchange to buy, sell and trade FTM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 18
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer
CAD

24
cryptocurrencies

Limited time only: Free $40* when you sign up and fund your Bitbuy account.
At this Canada-based cryptocurrency exchange, you can fund your account in CAD via Interac eTransfer and bank wire.
NDAX Cryptocurrency Trading Platform
Bank transfer (ACH)
CAD

30
cryptocurrencies

Get a $10 bonus when you open an account and deposit at least CAD$100. T&Cs apply.
NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

264
cryptocurrencies

Buy 250+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
FTX Cryptocurrency Exchange
Bank transfer, Card, Wire transfer
USD, EUR, GBP, AUD, SGD, TRY, ZAR, CAD, CHF, BRZ, MXN and “Other”

264
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Coinberry Cryptocurrency Exchange
Credit card, Debit card, Interac e-Transfer, Wire transfer
CAD

24
cryptocurrencies

Get a $20 bonus when you buy or sell at least CAD$50 in digital currency. T&Cs apply.
Buy and sell cryptocurrency with Canadian dollars on this beginner-friendly Canadian exchange.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Fantom?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Fantom?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Fantom.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing FTM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

Where can I buy Fantom with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy FTM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy FTM on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy FTM
Go to Bitbuy Digital Currency Exchange
Go to NDAX Cryptocurrency Trading Platform
Go to Crypto.com App
  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase FTM by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for FTM on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Fantom?

The easiest way to buy FTM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying FTM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Fantom has been performing recently.

Best Fantom wallets to store your FTM

You can keep your FTM on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Fantom a good investment?

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.

Additional information about Fantom can be found using our FTM analysis tools.

Today's Fantom price versus ATH

Compare today's price of Fantom ($0.257953 USD) against its all-time-high price of $2020-03-13T02:25:38.280Z USD on 01 January 1970. The closer the bar is to 100%, the closer FTM is to reaching its ATH again.

Fantom's price: $0.257953
ATH date: March 13, 2020
7.46%

Fantom ATH: $3.46


How to trade, convert or sell Fantom

You can convert or sell your FTM with the same exchange you bought it through:
  1. Sign in to the exchange you have FTM on.
  2. If you store your Fantom in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of FTM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Fantom.
  6. Complete your transaction and move your FTM to a wallet for storage.

Disclaimer: Cryptocurrencies, including Fantom, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FTM 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 Fantom or any other cryptocurrency discussed.

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