Fantom is a smart contract platform that provides an environment for decentralised application (dApp) development. Fantom uses a complex Directed Acyclic Graph (DAG) protocol that enables it to provide infinitely scalable solutions in a diverse manner of ways. The applications of Fantom are vast, some examples include developing and linking nodes to act as a service regulator for smart city applications, and creating complex networks and nodes for the Internet of Things (IOT).
The FTM token is a Proof of Stake (PoS) that powers the fantom ecosystem. It is primarily used for fee collection, staking activities, rewarding users and as payment for network fees. Staking FTM forms an important part of its tokenomics and therefore a portion of the supply of FTM tokens are reserved for staking rewards.
You buy Fantom on the Australian crypto exchange, Swyftx.
Swyftx lists FTM for trading on its trading platform. You’ll first need to create an account by providing your name, email address and phone number. We are required to collect this information as Swyftx is an AUSTRAC registered exchange. To activate your account, you’ll then need to verify your email address, phone number and identity. You’ll be sent a code via SMS and an email that will be required to verify your contact details.
Swyftx have an ID verification system that scans your ID and verifies your account in just a few minutes. This saves the hassle of printing or scanning your ID documents. Once your account is activated, the next step is to deposit funds. Unlike other cryptocurrency exchanges that only allow crypto-to-crypto trades, Swyftx gives customers a number of trading options. You can deposit money into your account bank transfer, POLi, PayID or debit card.
Once your funds have landed in your account, you can then buy FTM instantly via the trade tab in the left-hand side navigation.
Swyftx is unable to provide investment advice and can therefore cannot say whether FTM is a good investment or not.
Fantom has performed very well since its launch in 2019. The buzz and excitement around Fantom largely comes from its potential to be better than other smart contract platforms like Ethereum and Solana. Similar to Etheruem, the Fantom network has smart contracts and decentralized application capabilities. One of the main draws of Fantom is its transaction processing is quick and cheap. It can handle 1000 transactions per second (TPS) and fees are typically a fraction of a cent.
FTM has a lot of potential for future performance, however, as history has demonstrated, there is no such thing as a guarantee in this industry. It’s important to conduct thorough research before buying Fantom in Australia.
The best place to buy Fantom is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Fantom (FTM). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of FTM is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Fantom with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy FTM instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
0% Period: Last 24 hours 0%
This should not be used to make investment decisions.
4149 Reviews on
Fantastic Platform Easy for beginners to buy, sell, swap and create recurring orders. Swyftx rewards also makes it an enjoyable platform to use.
Swyftx is easy to use, has fast deposits and withdrawals. Their Help responses are always quick and helpful and you also get to live chat with a real ...
I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...
Great product and service
The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.