Buy Fantom in Canada

Fantom made simple

Everything you need to know about Fantom and how to start investing in it.

Current Price

$0.6351 CAD

+$0.020902 (3.40%) past 24 hours

Market Cap The value of the entire supply of a specific cryptocurrency or token. It’s calculated by taking the price of a coin/token and multiplying it by the total number of that coin/token in circulation.: $1,914,102,694.84
Circulating Supply The amount of coins that have already been created and are available in the market.: $2,803,634,835
Total Supply The total amount of coins currently in existence minus any coins that have been burned or removed from circulation.: $3,175,000,000
24h low - high range Low-high range over the past 24 hours.: 0.5681304 - 0.6405738
7 day low - high range Low-high range over the past 7 days.: 0.6046915 - 0.7585503
52 week low - high range Low-high range over the past 52 weeks.: 0.2289864 - $1.74

Fantom 101

Ethereum is the reigning champ of the smart contracts platform. But it’s an aging regent, and lots of people find its transactions too slow and expensive. Challengers like Fantom, Solana and Cardano have sprung up to best Ethereum at its own game, each promising low transaction costs and staggering levels of throughput without sacrificing on security.

Fantom uses something called a directed acyclic graph blockchain, which expresses transactions as a graph of hashes. It also uses its own consensus mechanism called Lachesis, a way of processing transactions faster than other systems of its kind by having validators confirm transactions independently of one another.

All of these new technologies are fancy ways of justifying Fantom’s fast speeds and low costs; transactions are near instant and cost a fraction of a fraction of a penny. Practically, all this means that decentralized finance applications, like NFTs, lending protocols and decentralized exchanges, are cheap and quick to use on Fantom.

A coin called FTM powers the network. It works a little like how Ethereum and Bitcoin work on their own blockchains: you cover the cost of sending a transaction in FTM, and this money goes to the people who validate those transactions. This process is called mining on Bitcoin, since it involves the creation of new Bitcoin with powerful computers. But on Fantom, and other blockchains like it (the technical term is proof-of-stake), it’s called staking, since those who own lots of coins get first right to validate transactions.

Why Wealthsimple Crypto?

Wealthsimple Crypto lets you buy and sell cryptocurrencies all in one easy-to-use app. And as Canada’s first regulated crypto platform, you can trust that your coins are in good hands. How simple is it?

Sign up in minutes right from your phone or laptop
Start trading crypto with as little as $1
No account minimums
No clunky dashboards — just one super simple app
Best of all: you don’t need to be an expert in crypto or blockchain to get started

Get started with Crypto

What can you do with Fantom?

Fantom (FTM) is the native currency of the Fantom blockchain. You can also help process transactions by staking Fantom. For doing so, you’ll earn more Fantom. Transactions on Fantom aren’t necessarily as simple as moving the coin between wallets: like Ethereum, the Fantom blockchain supports smart contracts, automated bits of blockchain code that power decentralized applications. You can also spend FTM within decentralized finance applications that are native to Fantom.

Is Fantom a smart investment?

Crypto carries risks — but generally speaking, our advice (regardless of whether you’re investing in Fantom or stocks) is: never invest what you can’t afford to lose. The smartest way to grow your money long term is with a diversified, low-cost portfolio that tracks the market.

How we keep your Fantom safe

As Canada’s first regulated crypto trading platform, we’re required to meet certain requirements — like using only qualified custodians (like Coinbase Custody) for cold storage.

FYI: Wealthsimple Crypto is not an exchange itself. Instead, we work with multiple exchanges to give you the best Fantom prices.

And to make sure your coins are extra protected, we’ve partnered with Coincover for an extra layer of security.

If you’re holding crypto outside of Wealthsimple, that’s no problem. You can safely transfer your Fantom to your Wealthsimple account in just a few taps.