Introduction to Fantom (FTM) Wallets
Fantom is a high-performance, scalable blockchain platform supporting smart contracts and decentralized applications. Its native token, FTM, powers transactions and staking within the ecosystem. This guide covers every aspect of managing an FTM wallet—from creation to advanced features like staking.
Creating a Fantom Wallet
Step-by-Step Wallet Setup
- Visit the Official Portal: Navigate to wallet.fantom.network and click "Get Started".
Password Creation:
- Minimum 8 characters
- Include uppercase letters, symbols, and numbers
- Never share or lose this password—it cannot be recovered
- Download Keystore File: This encrypted file safeguards your private key. Store it securely.
Backup Mnemonic Phrase & Private Key:
- Write down the 12/24-word phrase and private key (starting with 0x)
- Keep these offline—they grant full wallet access
- Verification: Re-enter the mnemonic phrase to confirm accuracy.
- Access Your Wallet: Public keys display on the dashboard. Click the wallet card to proceed.
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Loading an Existing Wallet
Restoration Methods
Choose one of three options:
Keystore + Password (Recommended for daily access)
- Upload JSON keystore file
- Enter associated password
Mnemonic Phrase (For recovery)
- Input 12/24 words separated by spaces
- Generate new keystore post-login
Private Key (Emergency recovery)
- Enter 0x-prefixed key
- Create replacement keystore
Managing FTM Transactions
Receiving FTM
- Share your public key or QR code with senders
- View all transactions under Recent Activity
Sending FTM
- Click Send in the menu
- Input recipient address and amount
- Add an optional memo (private note)
- Sign with keystore password
- Track via transaction ID (txid)
Staking FTM for Rewards
Delegation Process
Navigate to Stake and select a validator
- Minimum stake: 1 FTM
- Validators charge 15% commission
- Review staking amount and validator reputation
- Confirm with password
Unstaking Tokens
- Initiate unstake request
- Wait 7 days for withdrawal availability
- Note: Early unstaking forfeits rewards
FAQ Section
Q: Is Fantom Wallet free to use?
A: Yes, wallet creation and basic transactions incur no fees (excluding network gas costs).
Q: How do I recover a lost keystore file?
A: Use your mnemonic phrase or private key to regenerate a keystore via the restore function.
Q: What’s the risk of staking FTM?
A: Validator misbehavior may slash staked tokens—always research validators beforehand.
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Key Security Practices
- Never share passwords, mnemonics, or private keys
- Store backups in multiple secure locations
- Verify validator history before staking
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