Best Fantom wallets to safely manage and stake FTM cryptocurrency and tokens, access and use DApps. DeFi protocols.
South Korean computer scientist Dr. Ahn Byung Ik founded the Fantom network. The founder of many successful start-ups and a holder of many positions on the prestigious tech associations in South Korea. The regulatory heat in South Korea had zero effect on Fantom Foundation, registered in the Cayman Islands, and its current CEO is Michael Kong.
What we consider to be the biggest asset to this project is Andre Cronje, Fantom’s DeFi architect and the founder of one of the most successful DeFi projects ever, Yearn Finance protocol.
The Fantom concentrated on decentralized financing, enterprise solutions, central bank digital currencies, supply chains, health care, and tokenized assets backed by strong academic designs and partnerships with famous tech firms and government agencies.
How Does The Fantom Blockchain Works?
The Fantom uses DAG (Directed Acyclic Graph) aBFT (Asynchronous Byzantine Fault Tolerant) consensus mechanism called Lachesis. The nodes “whisper” to each other, reaching a consensus about transactions faster which means high scalability and transaction speed.
More important than the blockchain tps (transactions per second) is the finality of the transaction, which on Fantom’s network occurs in 1-2 seconds!
Fantom Opera Mainnet allows its users to use and deploy Smart Contracts compatible with ETV, Ethereum Virtual Machine.
The Fantom validators require a massive amount of FTM to run a node and other prerequisites, thus making a selection and protocol made to punish the possible bad behavior of its actors which makes the network very safe. For the delegators, on the other hand, the minimum stake is just 1 FTM Fantom!
Swap Fantom FTM ERC20 for Fantom Network FTM
You can move your Ethereum, FTM ERC20 to a Fantom network FTM using the MultiChain Fantom Bridge.
FTM price prediction
Fantom blockchain could be one of the major crypto market players in the next bull run if their developers continue with the network upgrades.
The Phantom’s native cryptocurrency FTM price experienced a 4000% increase once already during a one-year period.
Fantom Network Blockchain Explorers
Fantom Blockchain explorers you can use are Ftmscan and Explorer.fantom.network, but since FTM exists on Binance Chain as a BEP2 token, Binance Smart Chain as a BEP20 token, and Ethereum as ERC20 token – Binance Explorer and the Etherscan also.
The Best Fantom FTM Wallets
- Ledger Nano X – Best Hardware Wallet for Fantom
- MetaMask – Best Browser Extension Wallet
- Coinbase Wallet – Best Wallet for Mobile
- fWallet – Best Web Wallet
What is the best Fantom FTM wallet?
These are the 4 best Fantom FTM wallets, including both software and hardware wallets.
1. Ledger Nano X – Best Hardware Wallet for Fantom
Ledger Nano X is one of the most popular and trusted hardware wallets. It is compatible with Windows, Linux, Mac but also Android and iOS devices.
It supports over 5,500+ coins and tokens, including Fantom FTM.
It is topping the list of our 16 best hardware wallets.
Fantom Foundation forged a partnership with the Ledger. You can use it to access their Fantom Foundation – fWallet directly stake FTM to earn rewards.
Ledger Nano X can also be easily connected with the MetaMask browser extension wallet in order to access many DApps on the Fantom network, which you can read how in this article.
Ledger Nano X works with the Ledger Live app, which is available for both desktop and mobile devices. The Bluetooth feature of the hardware wallet is very good for mobile users.
Ledger Live offers many features: buy, sell, exchange, lend crypto assets. You can buy gift cards for the world’s most famous brands, all using a safe environment only the hardware wallet can provide.
To receive, store, and send Fantom FTM, in the Ledger Live, install the Fantom app from the App catalog.
Create the Fantom account using the Accounts tab.
Which is then shown on your hardware wallet device.
Your FTM IS NOW 100% SAFE.
How to stake Fantom FTM cryptocurrency
Let’s go to the Fantom Foundation fWallet and connect our hardware wallet to stake Fantom FTM.
Make sure the Ledger app is opened on the hardware device. You use only 2 buttons to navigate through the Ledger Nano X.
From the fWallet list, select Ledger. The device is automatically recognized, and click OK.
These are the Fantom accounts provided by the Ledger hardware wallet you can use and their public addresses. You can connect Ledger to any software wallet, and they are only provided with your hardware wallet public key. They never get in touch with your private key, which is secured inside the device safe chip, and used to sign the transactions – offline. That is the reason why hardware wallets offer the highest level of security for crypto holders.
Select one. And it’s done.
The platform says to send only Fantom Network FTM to this address.
I have sent some.
These are some of the features of the platform you can use now, having your FTM 100% safe using the Ledger hardware wallet.
Let’s now do Fantom Staking.
Click the Staking tab from the menu.
Click Add Delegation and choose a Validator. You will see a full list of validators with information on them, total FTM staked, etc.
Click Continue.
Click Delegate and confirm on your Ledger Nano X device.
And that’s it.
You can claim rewards, undelegate, and transaction fees on the Fantom network are extremely low.
As you can see, we started staking FTM a long time ago, adding more to the stake since and getting high rewards.
We truly believe that the Fantom FTM price will rise rapidly, reaching new heights in the next bull run when we are going to cash out.
Ledger Nano X price is: 149,00€
2. MetaMask – Best Browser Extension Wallet
Use the MetaMask Firefox browser extension.
In the article How To Set Up MetaMask for Fantom Network, you can learn how to install and configure it and use it to send, receive, store FTM, and connect to Fantom DApps like DeFi protocols for Yield Farming, Swaps, DEXes (decentralized exchanges). MetaMask is often the main wallet of choice.
You will also learn how to easily connect MetaMask with Ledger Nano X to keep your Fantom tokens 100% safe while doing it.
3. Coinbase Wallet – Best Wallet for Mobile
Coinbase wallet is made for iOS and Android devices. It can also be used as a Google Chrome extension.
When you install the Coinbase wallet on your mobile, in the Settings under Active Network, check Fantom Opera, and FTM will then appear among wallets with the address you can use to receive, and send Fantom (FTM) tokens.
4. fWallet – Best Web Wallet
You can create and use the Fantom Foundation fWallet alone. The wallet can be launched on all devices OS: Windows, macOS, Linux, iOS, and Android.
Instead of Connect Wallet, click Create Wallet. Set the password, and download the Keystore file, and write down the 24-word Recovery Phrase. You can also view the private key. It’s important to save it you will see later why.
Confirm the recovery phrase by entering the 24 words, and that’s it. You get the Fantom address and can use all features as if you connected some of the wallets mentioned above.
Since this is a non-custodial web wallet when you log out, delete browser cache, or access it from a different device, you need to go to the Restore Wallet tab and upload either the Keystore file and enter your password, type your Mnemonic Phrase or enter the private key and create a new password to access your wallet every time…