In the increasingly vast cryptocurrency landscape, Fantom emerges as one of the most promising blockchains, offering fast transactions, low transaction costs and a scalable architecture. If you’re interested in buying Fantom (FTM) and would like to do so through Trust Wallet, one of the most secure and reliable digital wallets, this detailed guide will provide you with all the information you need
to get started.
What is Fantom?
Before we dive into the buying process, it’s important to understand what makes Fantom an attractive investment.
Fantom is a high-speed smart contract platform that aims to solve the scalability problems faced by more traditional blockchains such as Ethereum. Using a unique consensus algorithm called Lachesis, Fantom offers a platform for developing dApps (decentralized applications) and DeFi (decentralized finance) services
with superior performance.
What is Trust Wallet?
Trust Wallet is a mobile cryptocurrency wallet that supports a wide range of digital assets, including ERC-20, BEP2, and BEP20 tokens. Offering an intuitive user interface, Trust Wallet provides a secure way to store, send and receive cryptocurrency, as well as interacting with dApps directly from the app
.
Steps to Buy Fantom on Trust Wallet
1. Download and Configure Trust Wallet
The first step is to download Trust Wallet from the App Store or Google Play. Once the app is installed, you’ll need to create a new wallet. Make sure you write down and keep your 12-word recovery phrase securely, as it will be essential for recovering your wallet if you lose access to the device.
2. Add Fantom to Your Wallet
- Open Trust Wallet and tap the ‘+’ icon in the upper right corner to access the search page.
- Type ‘Fantom’ in the search bar. Select ‘Fantom’ (FTM) from the list of results and activate the token by pressing the
switch.
3. Financing Your Portfolio
Before you can buy FTM, you’ll need funds in your wallet. You can deposit existing cryptocurrencies such as Ethereum (ETH) or Binance Coin (BNB), which you can then exchange with FTM. To deposit, tap ‘Receive’ in the app, select the cryptocurrency you want to deposit, and use the address displayed to transfer funds from your other wallet or exchange
.
4. Buy Fantom via DApp or Decentralized Exchange (DEX)
With the funds in your wallet, you can now proceed to purchase FTM. Trust Wallet offers integrated access to dApps and decentralized exchanges such as PancakeSwap
or Uniswap.
- In the Trust Wallet app, navigate to the ‘DApp’ or ‘Browser’ section (on iOS, you may need to enable the dApp browser following the instructions on the Trust Wallet website).
- Select a DEX that supports FTM exchanges, such as PancakeSwap.
- Connect to the DEX using Trust Wallet and select the exchange pair that includes the cryptocurrency you own and FTM.
- Enter the amount you want to exchange and confirm the transaction. Be sure to consider network fees and DEX fees.
5. Storage and Security
Once your purchase is complete, your FTM tokens will be securely stored on Trust Wallet. It’s critical to adopt strong security practices, such as using two-factor authentication (2FA) and keeping your recovery phrase confidential
.
Purchasing Fantom on Trust Wallet is a safe and convenient way to become part of the Fantom ecosystem. By following the steps outlined in this guide, you can easily add FTM to your cryptocurrency portfolio and take advantage of the opportunities offered by the Fantom blockchain. Remember, however, that cryptocurrency trading involves risks and you should always do your research and carefully consider your investment objectives before placing any trade.
