Fantom (FTM) is a high-performance smart contract platform known for its fast transactions, low fees, and growing decentralized applications (dApps) ecosystem. If you're in Canada and looking to invest in Fantom, this guide covers the top crypto exchanges, step-by-step purchasing instructions, and essential storage tips.
Top 5 Crypto Exchanges to Buy Fantom in Canada
1. Wealthsimple Crypto
- Features: Beginner-friendly, supports 50+ cryptocurrencies including FTM.
- Funding: Electronic funds transfers (EFT).
- Fees: 2% trading fee.
- Promotion: [$25 bonus](https://www.savvynewcanadians.com/recommends/wealthsimple-crypto/) on $150+ crypto purchase.
2. Newton
- Features: 70+ supported assets, zero CAD deposit/withdrawal fees.
- Funding: Interac e-Transfer, bank wire, or crypto transfers.
- Fees: Up to 0.70% embedded trading fee.
- Promotion: [$25 bonus](https://www.savvynewcanadians.com/recommends/newton/) on $100+ trade.
3. NDAX
- Features: Advanced charting tools, 30+ cryptocurrencies.
- Funding: Interac e-Transfer, wire transfers, bank drafts.
- Fees: Variable (see review).
4. Crypto.com
- Features: 150+ pairs, staking, and Visa card rewards.
- Funding: Credit/debit cards, bank transfers.
- Fees: Up to 0.40% (discounts with CRO token).
- Promotion: $25 bonus with Ruby Visa Card stake.
5. Coinbase
- Features: 100+ coins, user-friendly interface.
- Funding: Debit/credit cards.
- Fees: 0.50% trading fee + variable deposit fees.
👉 Compare the best crypto exchanges for low fees
How To Buy Fantom in Canada
- Sign Up: Choose an exchange supporting FTM (e.g., Newton, NDAX).
- Fund Account: Deposit CAD via Interac e-Transfer or bank transfer.
- Buy FTM: Place a market/limit order.
- Secure Storage: Transfer tokens to a hardware wallet (e.g., Ledger).
Storing Fantom (FTM)
- Hardware Wallets: Ledger (supports mainnet FTM).
- Software Wallets: MetaMask, Trust Wallet (ensure compatibility with ERC20/mainnet FTM).
What Is Fantom (FTM)?
Fantom is an EVM-compatible blockchain solving scalability issues via its Lachesis PoS consensus:
- Speed: 1-second finality.
- Low Fees: Transactions cost fractions of a cent.
- Use Cases: dApps, DeFi, governance (FTM staking).
Is Fantom a Good Investment?
While Fantom’s technology addresses Ethereum’s limitations, crypto investments remain speculative. Diversify and invest only what you can afford to lose.
FAQ
Q: Can I buy FTM on Binance?
A: Yes, but Binance isn’t available in Ontario.
Q: Where to store FTM securely?
A: Use Ledger for mainnet FTM or MetaMask for ERC20 tokens.
Q: What’s the cheapest way to buy FTM?
A: Newton or NDAX for low trading fees.
👉 Explore crypto wallets for long-term storage
Disclaimer: Cryptocurrencies are volatile. Conduct your own research before investing.
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