Where to Stake FTM

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The Fantom (FTM) token powers the Fantom ecosystem and performs various activities, including payments, fees, and network governance. It is a proof-of-stake (PoS) asset – which means regular users can secure the network by pledging their FTM tokens. Risk-averse investors can stake the asset in exchange for periodic rewards.

Our final list of the best places to stake FTM is below:

1. Binance – Overall Best Place to Stake FTM
2. Bybit – Best Crypto Exchange for Flexible FTM Staking
3. OKX – Best FTM Staking Platform for High Returns
4. Fantom – Best FTM Staking Wallet
5. KuCoin – Top Crypto Exchange With Simplified Staking
6. Uphold – Reputable FTM Staking Platform for US Residents

Where You Can Stake FTM

1. Binance

Binance tops the list of best Fantom staking platforms for many reasons. First, It’s the world’s largest crypto exchange in terms of liquidity and trading volume. Investors from almost every part of the world can use the exchange's services.

The staking feature enables users to earn rewards by staking 60+ assets in the Binance staking pool, which includes FTM. Cryptocurrency staking is available on both mobile and desktop app solutions on Binance.

Binance offers both flexible and locked staking for FTM. Locked staking allows FTM stakers on Binance to lock up their assets for specific periods. The time periods available are 30, 60, and 120 days. Assets locked up for these periods cannot be redeemed until their expiry period elapses. The other option is Flexible staking, where investors can unstake their assets whenever possible.

The Fantom staking rewards percentages are 1.49%, 2.39%, and 2.9%, respectively, at the time of writing. On the other hand, flexible staking has a 2.85% real-time annual percentage rate (APR). For instance, a trader who invests the maximum 300 FTM at a 2.9% yield would earn an estimated 2.86 FTM on redemption day – 120 days from the subscription date.

Binance has minimum and maximum staking limits. This table highlights the minimum and maximum staking limits on Fantom.

Lockup Period	Minimum Staking Limit	Maximum Staking Limit	Staking Return
Flexible	1 FTM	Not Stated	2.85% (Real-time)
30 Days	0.1 FTM	20,000 FTM	1.49%
60 Days	0.1 FTM	1,500 FTM	2.39%
120 Days	0.1 FTM	300 FTM	2.9%

A big advantage of staking on Binance is there are no staking fees or commissions for staking crypto (compared to other platforms). The APR offered is competitive, as competitors like Bybit and Uphold offer 1.8% and 3%, respectively. However, investors should note that Binance staking has time constraints. The exchange offers FTM staking on a first-come, first-served basis. Therefore, traders must subscribe to a staking plan before it gets sold out.

Read our full review on Binance.

2. Bybit

Bybit is another reputable cryptocurrency exchange to consider when trading and investing in cryptocurrencies. The Singapore-based centralized exchange also offers investors access to cryptocurrency staking. FTM holders can easily stake their assets on the platform via Bybit Savings.

However, Bybit only supports flexible staking for FTM. There are no stipulated staking periods, but there are minimum and maximum investment limits. The annual yield for flexible staking is 1.80%. Since the investor is not required to stake their FTM in the staking pool for an extended period of time, they can stake and un-stake assets as often as they like without incurring any penalties.

Here's a summary of Bybit's minimum and maximum staking requirements for FTM.

Minimum Investment	Maximum Investment	APY
30 FTM	30,000 FTM	1.80%

Unlike Binance, Bybit charges management fees for staking, but the exchange states that this is usually reflected in the APY. In essence, investors do not have to pay other fees to stake FTM tokens on the platform. However, the 1.80% APY offered by Bybit for a minimum of 30 FTM is somewhat low. Investors can stake the same on OKX for up to 9.07% or earn a 2.9% yield on Binance.

Read our full review on Bybit for more information.

3. OKX

Third on the list of best-centralized exchanges for FTM staking is OKX. The crypto exchange stands tall among the biggest in the world in terms of market cap. OKX also allows users to buy, sell, trade, and invest in FTM. The exchange has a simple interface across its website and mobile app, which makes trading or staking execution easy for beginners and seasoned investors.

The FTM staking options on OKX mirror those on Binance. OKX offers both fixed and flexible staking plans for FTM. The fixed staking plans also span 15, 30, 60, and 90 days. They are offered on a first-come, first-served basis and can be sold out anytime. Investors can earn about 4.11% to 9.07%, depending on the time period selected.

OKX also has minimum staking amounts determined by the selected staking period but no maximum limits. This is where it differs from both Binance and Bybit. Here's a summary of Fantom's staking services on OKX, including the time periods, minimums, and APYs available:

Read our full OKX review.

4. Fantom

Fantom Wallet allows investors to stake directly in its crypto staking pool. The Fantom’s proprietary staking wallet is not a crypto exchange like other platforms reviewed in this guide. This means FTM holders will need to purchase the tokens elsewhere and transfer them to a Fantom wallet (fWallet). There is no requirement for sophisticated devices or nodes.

There is a minimum staking amount of 10 FTM and a maximum of 2,000,000 FTM. Lockup periods range from 14 days to 365 days, which is the maximum lockup period available on any FTM staking platform we have compared. The staking APY varies by the selected lockup periods, but the minimum staking reward is 1.80% APY up to 6% APY. Those who prefer flexible staking can also stake FTM with no lockup and a base interest rate of 1.80% APY.

Another exciting thing with this staking medium is the access to liquid staking, which is absent on other platforms. With this feature, investors can access Fantom's DeFi staking and mint their staked assets in a 1:1 ratio. The minted tokens can be used as collateral for DeFi lending and borrowing on Fantom Finance. Minting and loan repayment also require no fees.

5. KuCoin

KuCoin is a leading altcoin exchange known for its high liquidity and low trading fees. It is also one of the best crypto staking platforms with a streamlined process. The exchange provides both fixed and flexible staking options for FTM tokens.

The estimated staking reward for Fantom on KuCoin is 1.57% APR, with a minimum staking quantity is 50 FTM and a maximum of 500,000 FTM tokens. Investors can stake Fantom using both desktop and mobile app options.

A major benefit of staking with KuCoin is the absence of staking fees. Users can earn the maximum returns on their investments with zero costs. While the staking reward is low, zero staking fees are a welcome development. However, investors who want more bang for their buck should stake their tokens on alternative platforms like Binance or OKX.

Read our full KuCoin review.

6. Uphold

Uphold is a reputable and regulated cryptocurrency exchange popular among US investors. The New York-based exchange offers services to crypto traders and investors in the country and 100+ other locations. On Uphold, traders can buy, sell, and invest in 250+ cryptocurrencies, including utility tokens and popular altcoins like FTM, which can be invested to earn staking rewards.

The exchange offers a 3% estimated APY on Fantom staking. Unlike some of the other exchanges on our list, Uphold is a little less transparent about its staking features. However, the exchange states that fixed staking starts from 30 days.

One downside to staking on Uphold is the fees. While competing exchanges like Binance and KuCoin have no additional costs, Uphold charges between 3% and 34% in commission fees depending on the staked asset and network. Given the platform is available on mobile devices only and the exorbitant staking fees, Uphold isn't the most rewarding platform to stake FTM.

Read our full Uphold review.

So, What is FTM?

Fantom is a decentralized, open-source blockchain for smart contracts, decentralized applications (DApps), and cryptocurrencies. The blockchain network is among a long list of blockchains that aim to topple Ethereum with improved scalability, security, decentralization, and lower costs. The blockchain uses a consensus mechanism called Lachesis, a proof-of-stake variant that can function without network hitches.

Similar to other blockchain networks, Fantom has its utility token, FTM. The token facilitates payments and governance and is also used to incentivize users who wish to run a validator node to keep the network secure. Apart from staking, the coin can also be traded on exchanges.

Basics of Staking FTM

FTM is a proof-of-stake asset that can be staked on various platforms and wallets such as Binance, Bybit, KuCoin, Uphold, and OKX. Alternatively, investors can stake FTM on the Fantom network to earn staking rewards. As FTM isn't widely staked, the number of supporting platforms is fairly limited compared to the top staking coins.

This Is How Much Can You Earn Staking FTM

The amount of return that can be earned depends on the staking medium and the time the tokens are delegator for. For example, Binance locked staking requires users to stake FTM for 30, 60, or 120 days. A 300 FTM stake in the pool for 120 days would yield an estimated return of 2.8 FTM on redemption.

If the FTM coin is valued at $0.457 per token, the investor will earn rewards worth nearly $1.2 on an initial $137.1 investment. Investors can also consider using platforms with no maximum limits like OKX to earn more rewards.

How to Stake FTM

Binance is our top-rated place to stake Fantom. Here is a step-by-step tutorial on how to earn FTM staking rewards.

Step 1. Log in to Binance

The first step is to access the registered Binance account via the website or mobile app. Click “Log In” at the top corner of the website’s home screen or the bottom of the mobile app interface.

Step 2. Buy USDT

Binance doesn’t offer direct FTM purchases using fiat. This shouldn't be an issue for users who don't hold Fantom. Customers can purchase Tether (USDT coin) – which can be swapped for Fantom on Binance. To do this, click “Buy Crypto” at the top-left of the user dashboard and select the preferred payment method.

The payment method differs per location, but it includes the following:

• Credit/debit cards
• Direct bank deposits
• Peer-to-Peer (P2P) transfers
• Apple and Google Pay and others.

Enter the amount of fiat in USD, EUR, or any other fiat currency to spend on the USDT purchase in the “Spend” box. Choose USDT in the “Receive” box. Enter payment details and complete the purchase.

Step 3. Swap USDT for FTM

Convert the USDT deposited in the Binance exchange wallet to FTM. To do this, investors can use the Convert feature. This allows them to convert a specific unit of USDT to FTM coins for free. This option is faster and cheaper than trading one asset for the other. Once the conversion is complete, the equivalent amount of FTM will be deposited into the spot wallet.

Step 4. Stake FTM

Finally, go to the Binance staking page by clicking “Earn” at the top of the screen. Select “DeFi Staking” from the dropdown menu. Find FTM among the supported assets using the “Search” button and click “Subscribe.” Choose the staking period and enter the amount of FTM to be staked. Preview the transaction breakdown, check the consent box, and click “Confirm” to finalize the process.

Investors should note that Binance staking is subscription-based and is offered on a first-come, first-served basis. So, investors who want to stake FTM on Binance should access the platform before it’s sold out.