If you’ve been following the cryptocurrency space for the past few years, then you’ve almost certainly stumbled across the name ‘Fantom.’ But what is it? Well, the company is a cryptocurrency broker that allows users to trade a variety of different digital assets, including Bitcoin, Ethereum, and several other popular altcoins.
Many people have heard of Fantom and have realized that it is, in fact, a legitimate company that provides real-world services to users looking to trade crypto easily and securely. But what is Fantom exactly and how can you buy it?
How To Buy Fantom
Assuming you have a wallet set up for storing your Fantom coins, the first thing you need to do is acquire some coins. You can do this in several different ways, but the easiest one is to simply use the exchange.
Once you log into your account, you’ll be able to view all the coins you own and either sell or trade them for other digital assets.
Another option is to find a local seller who is willing to trade your coins in person. This is the most direct way to get Fantom coins, as the seller can hand you physical coins instead of sending them to you as an e-wallet address.
Be careful with this method though, as people in the cryptocurrency community have been scammed many times and ended up with nothing but a bad taste in their mouths from using in-person exchanges.
What’s The Difference Between Fantom And Other Crypto Exchanges?
Many different exchanges provide cryptocurrency trading services, and many of them offer similar features. But while some of them may share the same name, Fantom is one of few that owns and operates its blockchain. This means that while other exchanges may operate on the same platform, they’re run by different companies.
Another difference between Fantom and other exchanges is that it only supports the trading of digital assets, which means you won’t be able to purchase shares in a company or hold financial derivatives.
Additionally, fantom crypto does not charge any fees for trades, which is unusual for an exchange.
Is Buying Fantom Safe?
This is a good question that people often have, and the answer depends on a variety of factors. Like any other exchange, Fantom is not 100% safe, but it’s also not as risky as most people assume.
First, the good news: no data points to any kind of hack or breach in the past few years. The only negative aspect of Fantom is that it’s based in the United States.
If the IRS suddenly decides it needs to access your account, you’re in a world of trouble. While it’s unlikely that will happen, it’s something to keep in mind.
Find Best Places To Buy Fantom
If you want to buy fantom crypto, the easiest and safest way to do so would be to purchase them in exchange. There are many exchanges to choose from, and while some of them may be sketchier than others, they’re all relatively safe.