Where to Stake FTM In 2023: 6 Best Fantom Staking Reward Platforms
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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. This guide explores where to stake FTM and reveals the best platforms to earn FTM staking rewards.
Best Places to Stake FTM
Our final list of the best places to stake FTM is below:
- Binance - Overall Best Place to Stake FTM
- Bybit - Best Crypto Exchange for Flexible FTM Staking
- OKX - Best FTM Staking Platform for High Returns
- Fantom - Best FTM Staking Wallet
- KuCoin - Top Crypto Exchange With Simplified Staking
- Uphold - Reputable FTM Staking Platform for US Residents
Where to Stake FTM: 2023 Reviews
1. Binance - Overall Best Place to Stake FTM
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.
Besides the trading of over 300+ cryptocurrencies, 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 any time they want.
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 – which is 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 - Good For Flexible FTM Staking
Bybit is another reputable cryptocurrency exchange to consider when thinking of trading and investing in cryptocurrencies. The Singapore-based centralized exchange also offers investors access to cryptocurrency staking. This way, 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 any 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 - Best FTM Staking Platform for High Returns
Third on the list of best-centralized exchanges for FTM staking is OKX. The crypto exchange stands tall among the biggest exchanges 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 This makes trading or staking execution easy for beginners and seasoned investors.
The FTM staking options on OKX mirror what's available on Binance. OKX offers both fixed and flexible staking plans for FTM. The fixed staking plans also cut across 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:
The interest rate for staking FTM on OKX is relatively higher compared to what’s offered by Binance and Bybit. In fact, its maximum APY is nearly four times Binance’s APY.
Read our full OKX review.
4. Fantom - Native FTM Staking Wallet
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 that prefer flexible staking can also stake FTM with no lockup with 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 then be used as collateral for DeFi lending and borrowing on Fantom Finance. Minting and loan repayment also require no fees.
5. KuCoin - Simple Staking For FTM Holders
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 on 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, we feel the 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 - FTM Staking Platform for US Residents
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.
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 any network hitches.
Similar to other blockchain networks, Fantom has its utility token called FTM. The token facilitates payments and governance. It 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.
Can You Stake FTM?
Yes, 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.
How Much Can You Earn Staking FTM?
The amount of return that can be earned is dependent on the staking medium and the length of 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 would earn rewards worth nearly $1.2 on an initial $137.1 investment. To earn more rewards, investors can also consider using platforms with no maximum limits like OKX.
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.
Frequently Asked Questions
There is no fixed amount to how much can be earned from staking FTM tokens. The current APY ranges from 1.57% to 9.07% depending on the staking platform, but these figures can change without notice due to market conditions.
Crypto.com supports FTM staking on its exchange and DeFi wallet. However, there is no fixed APY, as the exchange calculates based on the investment.
In short, the best exchange to stake Fantom is Binance due to its locked and flexible staking terms with rewards up to 2.9% APY. This is slightly lower than the 0.31% APY adjusted reward rate at the time of writing that takes into account inflation of the network supply. While there are a few contenders that can also be used to stake FTM, they all have a limitation such as staking fees or lower reward offerings.