Summary: The best way to buy the cryptocurrency Fantom (FTM) in Canada is by going through the Uphold exchange. Uphold is the best multi-asset trading platform in Canada and offers investors the opportunity to invest in multiple asset classes including crypto, stocks and commodities.
What is the Fantom (FTM) cryptocurrency
Fantom is a decentralized platform that enables real-time, distributed applications to be built on a fast and scalable network. Fantom uses directed acyclic graph (DAG) technology instead of blockchain, which allows it to process transactions much faster than other cryptocurrencies.
The native currency of the Fantom platform is called FTM, and it can be used to pay for transaction fees or to participate in Fantom's governance system. The FTM token is for in-platform payments with the promise of a fast, cheap, and robust transaction process.
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Where is the best crypto exchange to buy Fantom?
The best place to buy Fantom is on a reputable and secure cryptocurrency exchange like Uphold. This exchange offers a wide variety of digital assets, including Fantom and over 130 other tokens. In addition to cryptocurrencies, Uphold users can purchase stocks, precious metals and environmental assets on the platform.
It also has high liquidity levels, which makes it easy to buy and sell FTM. The platform is regulated and licensed to operate in Canada, the US and many other countries. If you're interested in learning more about Uphold, we recommend visiting our comprehensive review of Uphold.
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How to Buy Fantom (FTM)
In this guide, we show Canadian investors how to buy the cryptocurrency Fantom via Credit/Debit card. Users can also opt to buy Fantom with Bank Transfer and a variety of other deposit methods. Follow the steps below to begin investing in Fantom.
- Sign up to Uphold and complete verification.
- On your dashboard and choose 'Credit/Debit Card' as your preferred deposit method, enter your card details and press 'Save'.
- Enter the amount of CAD you want to invest and select Fantom as the asset you want to buy, then press 'Preview'.
- Select 'Confirm' and Fantom will reflect in your wallet immediately.
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Is it legal to buy cryptocurrencies in Canada?
Yes, it is 100% legal to buy and sell cryptocurrencies in Canada. However, it is important to note that there are some restrictions in place. For example, the Canada Revenue Agency (CRA) requires Canadians to report any profits or losses from cryptocurrency investments on their taxes.
As long as you submit all your cryptocurrency transactions to the CRA, you will have no issues with investing in digital assets.
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Fantom Live Price in CAD
Below you can find the live price of the cryptocurrency Fantom (FTM) in Canadian Dollars.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
