Fantom (FTM) is a new smart contract blockchain system that aims to compete with Ethereum in terms of speed and low fees. In this article, we will take a look at the best Fantom wallets for storing your FTM coins.
Fantom supports staking and a Fantom-supported wallet is one of the finest methods to stake your coins. FTM coins are supported by exchanges, however, you do not have complete access to exchange wallets and some exchanges do not support staking.
Another important factor of using a personal wallet to store your FTM coins is that they are non-custodial and allow you to create a backup but exchange wallets do not offer such a feature.
Best Fantom Wallets
On our list of Fantom wallets, our emphasis will be more on staking, safety, security and ease of use. We will share our personal experience with wallets that we have used in the past or are currently being used by us.
We would be covering the first hardware wallet, software wallets for both desktop and mobile and in the end online wallets. We do not recommend online wallets because of their multiple vulnerabilities.
We do recommend the Ledger wallet but we also want our readers to know that their users have been scammed many times through phishing emails.
Therefore always contact their official social media account before responding to any emails showing sent by them.
Ledger wallet is a USB device that has the ability to connect to most software wallets using the Ledger live, the only problem here is that you need to have a USB cable to connect your wallet with a computer.
So, you might be thinking, can you connect it to a mobile device?
The answer is, yes. Then you will be interested in knowing which version can do that? The answer is Ledger Nano S has the ability to connect to a mobile device using an OTG (On the go) cable.
You can read the Ledger docs to understand how you can access your FTM coins. At the moment staking is not available but in the future when it gets activated we will update this article.
Trust wallet is a multi-cryptocurrency software wallet available for download on both Android and iOS devices. It is owned by the Binance exchange which is one of the most trusted and biggest cryptocurrency exchanges.
Using the Trust wallet you can send and receive FTM coins as it supports Fantom mainnet. Being a mobile wallet it is most popular with traders and investors as they can access their assets on the go.
Another important feature of the Trust wallet is that you can use its interface to access different dApps. It also supports staking for multi cryptocurrencies but at the moment Fantom mainnet staking is not available.
Fantom’s official wallet is fWallet. The Wallet is a Progressive Web Application (PWA). You will be able to transfer, receive, stake your FTM, and access the Fantom Defi ecosystem using this wallet.
When you open the app you will see three buttons which are Connect wallet, Create wallet and Restore wallet as shown in the image below. We will discuss in brief about fWallet when we review it in the future.
Staking your FTM coins is very simple using this wallet. A minimum of 1 FTM is required to earn staking rewards after selecting validators.
Staking and claiming FTM is very similar to Tron staking and if you have ever done TRX staking it would be easy for you to understand.
MetaMask is a superb wallet for beginners due to its ease of use, without skimping on features for the sake of brevity. In fact, the wallet is so easy to use that it can be used by children and grandparents alike.
The browser-based MetaMask is an Ethereum-specific wallet that has been designed with the user’s convenience in mind. It’s available as an extension on Chrome, Firefox, Opera and Brave browsers.
The MetaMask mobile app, which is available for iOS and Android devices, is just as elegant and simple to use as the browser and extension.
All of the same capabilities are available, including purchasing, sending, and receiving assets, as well as accessing (dapps) such as DEXs, Defi apps, developer tools, and more. Syncing your web wallet with the mobile app is very simple and easy.
Securely store your cryptocurrency and rare NFTs in one place with Coinbase Wallet, available on the web, iOS and Android. Coinbase Wallet is a self-custody crypto wallet, putting you in control of your crypto, keys, and data.
The wallet keeps your keys and funds off-site and it protects your account with state-of-the-art security. Coinbase Wallet supports a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin and Fantom.
Coinbase Wallet is backed by Coinbase, one of the world’s most trusted and secure cryptocurrency platforms. Coinbase Wallet is a new way to store your crypto, and already millions of users trust Coinbase to manage their money. Now you can get secure crypto management in one place.
It does support the Fantom mainnet and therefore more than a million Coinbase wallet users can now send and receive FTM with near-zero fees, as well as interact with wallets and dApps.
Where to buy Fantom(FTM)?
Fantom has a lot of potential in the future as it is here to challenge the dominance of Ethereum and if you are someone who is looking for a long term profit gain then FTM should be included in your portfolio.
If you are not aware of which exchange FTM is being traded then you can check our recommended exchanges for trading purposes.
If you’re looking for wallets that support specifically the Fantom blockchain and can also hold all of your FTM coins safely and securely for the long term or short term gain then you don’t have to look much further than those listed in this article.
Fantom staking is not available on any third party wallet at the moment. You only can stake your FTM coins using the fWallet at the moment. If in the future any of the above wallets provide staking services then we will update this article.
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