Before we look at how to buy FTM in a straightforward way, let's look at the history of the token and the Fantom project.

Founded in 2018, Fantom is a layer 1 project that uses a single consensus layer to support the creation of multiple chains.

Fantom uses a novel consensus mechanism developed by the Fantom Foundation called the "Lachesis Protocol". Lachesis can provide security to multiple layers, the first one being Fantom's Ethereum Virtual Machine (EVM)-compatible smart contract chain called Opera.

Its unique consensus Lachesis allows it to be plugged into any distributed ledger. This also enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality while remaining permissionless, decentralized, and open-source.

## The FTM Token

FTM is the native token of the Proof-of-Stake (PoS) network, which is used to maintain on-chain governance and pay block rewards to validators and delegators who stake FTM. You can also utilize FTM for sending and receiving payments, paying network fees, smart contract deployment fees, and transaction fees. Additionally, the token can be used as collateral on the network's DeFi ecosystem.

FTM tokens can be stored safely in the platform's official wallet, fWallet, enabling staking, sending, receiving, and accessing the DeFi ecosystem.

As of writing, FTM is trading at $0.4357. Its all-time high (ATH) was hit a year ago, according to [CoinGecko](https://www.coingecko.com/en/coins/fantom).

Late in November 2022, Fantom Foundation's "Architect," Andre Cronje, [released](https://andrecronje.medium.com/fantom-an-inside-financial-peak-at-being-a-crypto-company-323d29fb5e81) the firm's financial records. They reveal that it had $340 million worth of digital assets and had been earning more than $10 million annually.

"Over 450,000,000 FTM, > $100,000,000 in stables, > $100,000,000 in crypto assets, $50,000,000 in non-crypto assets", he noted.

## How to buy FTM with a CEX

If you are interested in this project, the easiest way to buy FTM is from a centralized cryptocurrency exchange. As a prominent high-performance, scalable, EVM-compatible, and secure smart-contract platform, FTM is available on several major exchanges such as Binance, Crypto.com, KuCoin, OKX, Bybit, Bitfinex, Huobi, Gate.io, Kraken, Bitstamp, and Gemini.

## Create an Account

Once you decide which crypto exchange you want to use, based on factors like low fees, ease of use, crypto selection, and customer support, register on the platform.

To create an account on an exchange, your email address and identity will need to be verified. For this, you must provide personal information such as full name, residential address, date of birth, photo ID, and identification documents. Make sure you activate 2FA once your identity verification is complete.

## Make a Deposit

Once verified, you can deposit funds to your account using the payment method that best suits you. Debit cards, credit cards, PayPal, wire transfers, and online banking payments are widely accepted at many exchanges.

To fund your account, tap "Deposit Funds", enter your desired amount, and click "Deposit".

## Buy FTM

On the exchange, search for FTM, enter the amount you want to purchase, and click on the buy button. You'll find the tokens in your exchange wallet right after that. You can now withdraw your FTM tokens to your personal wallet.

## How to buy FTM with a DEX

If you don't want to go through KYC or want to use a decentralized exchange (DEX), FTM is also available on DEXs like Uniswap, Babyswap, Sushiswap, and Apeswap.

## Download a Wallet

For this, you must first get a wallet like MetaMask, Coinbase Wallet, or Trust Wallet, which supports several assets and blockchains.
Next, you must set it up by choosing a username and password. 

However, remember to save the recovery phrase of 12 random words you will get while creating a new self-custody wallet. This is the key to your crypto, as anyone with your recovery phrase has access to your crypto. Keep it safe and protected, and do not share it with anyone.

Once done, fund it with crypto, which you can buy directly within the wallet or transfer from an exchange or another wallet.

## Swap tokens to get FTM

Now go to the DEX of your choice and click "Connect to a Wallet". There, select the wallet you want to connect to. Once connected, use the swap feature, which is generally available on the main page.

Once there, click on the crypto asset icon you have and want to swap from, such as [USDT](/coins/usdt) or [ETH](/coins/eth), enter the number of tokens you wish to swap, and select the token you want to swap for, which is FTM in this case. Finally, click on the swap button.

You'll be asked to approve the transaction. Remember to leave enough tokens to cover transaction fees. Once you have confirmed the transaction in your wallet, you'll have FTM tokens in your wallet.

After you have bought your crypto, you can either hold it in your exchange account or software wallet or store it in your personal hardware crypto wallet. It is recommended to move your funds to a wallet that you control. Only keep funds on an exchange that you can afford to lose.

When you are ready to trade or sell your cryptocurrency, you can send it to the exchange from your wallet. This is much safer than leaving it on the exchange, giving you more control over your funds.


green image of fantom logo and ghosts having a party

How to Buy FTM Easily

Synthetix (SNX) is a cryptocurrency that allows users to trade synthetic assets on the Ethereum blockchain. Synthetic assets are digital assets backed by real-world assets, such as gold. Later, we'll discuss how to buy SNX, but first a bit of history.

Kain Warwick founded Synthetix, which was originally named Havven. The project raised $30 billion in 2018 through an ICO, and the same year, its name was changed to Synthetix in line with its broader objectives.

The Synthetix network is powered by SNX tokens. When token holders stake their SNX tokens using Mintr, they earn weekly rewards.

With a market cap of $445 million, SNX is trading at $2.46, up by 4.55%. The tokens all-time high of $28.50 was hit about two years ago in February 2021, according to [CoinGecko](https://www.coingecko.com/en/coins/synthetix-network-token).

If you're looking to buy this digital asset, you have to perform the following procedure.

## How to Buy SNX on a CEX

The easiest way to buy Synthetix (SNX) is on CEXs such as Binance, Coinbase, Kraken, Bistamp, Gemini, Kucoin, Huobi, Crypto.com, and others.

## Create an Account

Once you have chosen a cryptocurrency exchange to buy SNX on, you must register with a valid email or mobile number. The platform will send a link to your address to verify your account. Once the account is activated, you have to create a strong password.

Usually, most CEXs have strict KYC and AML requirements. This means you must now provide personal information such as name, address, date of birth, and ID document to get verified. You may even have to undergo video verification to finalize the verification process. It's recommended to activate 2FA once your identity verification is complete.

## Fund Your Account

In the next step, you have to deposit funds in your account. Just tap "Deposit Funds", enter your desired amount, and click "Deposit".

Many crypto exchanges support fiat currencies like US dollar and Euro. Choose the deposit method of choice, such as a bank transfer, wire transfer, credit card or debit card, electronic wallet, PayPal, and the currency you want to deposit. You can deposit the local currency from your bank account or credit card or transfer cryptocurrency from another exchange or wallet.

## Buy SNX

The easiest way to purchase SNX is to place a buy order instantly to purchase SNX at a fixed price. Just search for SNX, click "Buy SNX," input the amount you wish to buy, and once confirmed, the SNX tokens will be displayed in your balance.

You can place a limit order, indicating you would like to purchase SNX for a specific price or less. You can set your own price to buy or sell with such an order. Your order gets executed if the market reaches your limit price, and you'll have your SNX tokens in your exchange wallet. But remember, your order will only get executed if the market reaches your limit price.

## How to Buy SNX on a DEX

If you don't want to go through the KYC procedure of a CEX, you can also buy the coin on a decentralized exchange (DEX) like SushiSwap, Uniswap, Bancor, ApeSwap, or EnergiSwap.

## Download a Wallet

First, you must download a digital wallet such as [MetaMask](/news/article/what-is-metamask), Coinbase Wallet, Trust Wallet, and Exodus that allows you to interact with Dapps. These wallets are available for free on the Google Play Store and the App Store.

To use a wallet, you will need first to download the wallet onto your computer/mobile devices, or you can simply use the Chrome extension.

## Fund your Wallet

Once you have downloaded the wallet, create an account, and fund it with cryptocurrency like ETH. You can either buy directly within the wallet or buy the crypto from a centralized exchange and then transfer it to your crypto wallet.

To transfer crypto to your wallet, click on withdraw, provide the required information, including your wallet address and the amount you want to transfer, and then click the withdraw button. Soon, you'll have your ETH in your wallet.

## Connect your Wallet

Now go to a DEX that supports ETH and SNX tokens and your crypto wallet. Once on the platform, click on "Connect a Wallet".

Use Swap to Get SNX

Now use the swap feature by selecting ETH and the number of tokens you want to swap. Then select SNX as the coin you want to get. Once you are done filling in all the information, click on the Swap button. Confirm the transaction, and you'll have SNX tokens in your wallet.

It is wise not to keep your SNX tokens on an exchange. Not only can they get stolen on trading platforms, but you can also lose access to your crypto if the exchange shuts down or goes bankrupt. It's considered a good idea to store your coins in a wallet that you control.


How to Buy SNX

Wondering what crypto to buy now? If you're looking to purchase cryptocurrency while the market is deep in the throes of bearish momentum, there are a few things to consider.

First, what are your investment goals? Are you looking to invest in a new currency, or are you looking to speculate on future price movements?

## What crypto to buy now

If you're simply looking to invest, then you might want to choose a relatively stable crypto. And if you're looking to speculate, then you'll want to choose an asset with a high potential upside.

Of course, you'll also want to consider transaction fees, security, and liquidity. Overall, a mix of crypto assets is most appropriate for a balanced investment portfolio.

But with thousands and thousands of coins available in the market today, choosing the best cryptocurrency is no easy task. So, today, we will help you see which crypto projects are the most valuable and have the most potential.

## Bitcoin (BTC)

The undisputed king of the crypto market, Bitcoin is the most well-known and popular cryptocurrency, so it tends to be more expensive to buy and sell. With a market cap of more than $400 billion, Bitcoin is the largest crypto asset.

Bitcoin was first proposed in 2008 by the pseudonymous Satoshi Nakamoto. It has since grown to become the most valuable cryptocurrency in the world, with its market capitalisation surpassing $1 trillion during the height of the bull market.

As of writing, BTC is trading at around $21,000, down 69% from its all-time high (ATH). While Bitcoin has one of the least upside potentials among the major cryptocurrencies, it is the safest bet in the crypto market.

Even though there are thousands of other cryptocurrencies in the market, Bitcoin still represents 36.9% of the cryptocurrency market cap. Bitcoin has also shown consistent value growth throughout the years, pretty much like any other leading cryptocurrencies on the market. 

## Ethereum (ETH)

[Ethereum](https://ethereum.org/en/) is an extremely popular cryptocurrency that is the base for all the innovation happening in decentralised finance (DeFi), non-fungible tokens (NFTs), decentralised autonomous organisation (DAO), GameFi, and Metaverse.
Sitting at the second spot, ETH has a market cap of $200 billion. The price of Ether, meanwhile, is down over 66% from its ATH.

The Ethereum network now has hundreds of cryptocurrency projects built on it, making Ethereum one of the most valuable cryptocurrencies in the market. In addition, the network constantly goes through improvements, and the latest upgrades, "The Merge" and EIP-1559, have effectively made the native currency ETH a deflationary asset.

## Binance Coin (BNB)

While Bitcoin is an excellent choice for aspiring crypto investors who wish to buy a well-established crypto with a history of growth over time, it's mainly for long-term investments. That's where coins like BNB are a great way to get the most upside.

BNB is the native coin of the largest cryptocurrency exchange Binance. The trading platform uses a burning mechanism to remove BNB's total supply, and the more people use its blockchain BSC, the more BNB gets burned.

The coin is currently down 48.5% from its ATH over a year ago.

## Dogecoin (DOGE)

If you are looking for quick and serious gains, you don't want to miss out on this coin. Dogecoin is one of the best meme-based cryptos to create some millionaires and billionaires in recent years, thanks to support from respected celebrities such as Elon Musk, who has voiced his support of the cryptocurrency on an ongoing basis.

Musk is partly responsible for Dogecoin's huge rise, having called it his favourite crypto, but at the same time, the tech billionaire is also responsible for marking the top of the DOGE in May. So, you have to be careful with this coin and, of course, keep an eye on Musk's Twitter for mentions of anything remotely associated with DOGE.

Currently, down 83% from its ATH, Dogecoin is one of the most famous cryptos, positioning itself as the best-undervalued cryptocurrency to invest in due to its potential upside.

## Polygon (MATIC)

Polygon is a powerful infrastructure layer for Ethereum that enables Ethereum scaling and Dapp development. It is a Layer 2 solution that uses Ethereum as its base layer and enables Ethereum scaling through sidechains. Moreover, it's also home to 50k Dapps and billions of dollars-worth of assets.

This crypto project is particularly known for its partnerships with well-known companies such as Meta (formerly Facebook), Starbucks, Robinhood, Stripe, Adidas, and Flipkart. These partnerships help its native coin MATIC rally, down about 59% from its ATH of $2.92, which it hit less than a year ago.

## Cardano (ADA)

One of the best-performing cryptocurrencies, ADA boasts a $15bn market capitalisation. The coin is down more than 86% from its ATH above $3, making it a potentially profitable investment. 

While the Cardano network may be slow in keeping up with the crypto market advancement, the promise of delivering these lofty goals makes ADA attractive among investors.

## Ripple (XRP)

XRP currently sits at sixth position while its value is down 85% from its ATH of $3.40 hit five years ago. The digital assets' price has been relatively flat for several years, with the biggest issue being litigation.

After the SECs sued Ripple and its two top executives for reportedly selling unregistered securities (XRP), many crypto exchanges removed XRP from their platforms. But with many entities, including Coinbase, backing Ripple and [rising optimism about a Ripple victory](/news/article/sec-vs-ripple-news) has once again placed XRP on the list as the best cryptocurrency to watch. 

## What crypto to buy now conclusion

Some of the honourable mentions include layer 1 giants Polkadot (DOT) and Solana (SOL), and privacy coin Monero (XMR). You can purchase these cryptocurrencies via many exchanges, like Coinbase, Binance, Kraken, Gemini, and FTX. 

On these trading platforms, you can find not only the most popular coins, but also the most obscure ones.

While investing in cryptocurrency is still very much a speculative endeavour, the above-mentioned cryptos are some of the best projects in the market today. However, always remember that crypto is inherently volatile, so exercise extreme caution when allocating part of their portfolios to cryptocurrency.

Ultimately, there is no one "best" cryptocurrency to buy. It depends on the investment goals and risk tolerance you have. Do your own research and choose the cryptocurrency you think is right for you.


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Author: Guarav Roy

Author: Guarav Roy's Articles

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