How To Add Ftm Network To Metamask

The fees on ETH are insane. Due to high transaction fees and wearisome confirmation times a big number of DeFi participants are preferring other blockchains that are providing decentralized finance.

There are many L1, L2 networks where you tin can enjoy low fees and instant transactions. To proper noun some you got Barrage, Arbitrum, Binance Smart Concatenation, Polygon etc. Some other popular alternative is the Fantom network – A third generation blockchain and a layer-1 platform that is decentralized, highly scalable and secure.

Fantom is same every bit any other platforms that are providing decentralized finance where you can make money by staking tokens, through yield farming and via liquidity mining.

To bask the decentralized finance (DeFi) services and DApps on Fantom, all y'all demand to do is connect your MetaMask wallet to the Fantom Opera network which is the name of the Fantom mainnet.

Hither in this beginners guide we'll show you how to connect your Metamask wallet to the Fantom network (FTM). We'll walk you through the steps that is super easy for you to become stared with the Fantom network.

$FTM – Fantom

Fantom is a directed acyclic graph (DAG) based smart contract platform and a layer ane scaling solution that aims to solve the scalability issues found on the distributed ledger technologies. This protocol is massively focused on the decentralized finance and it provides DeFi services using its own bespoke consensus algorithm.

Fantom is an open source network that is permissionless and decentralized. It is build on an aBFT (Asynchronous byzantine fault tolerance) consensus protocol and is powered past the Lachesis – A DAG-based aBFT consensus algorithm. This allows Fantom to exist much cheaper, faster and more secure. Also it is highly scalable than the previous technologies.

The transactions can get through in a second on average and the network is capable of handling thousands of transactions per 2nd. Moreover Fantom network can scale to hundreds of nodes.

Fantom is likewise fully compatible with EVM (Ethereum Virtual Machine) so users and developers tin can create smart contracts and deploy decentralized applications every bit they wound on Ethereum and other alternative blockchains.

There are many reasons to join the Fantom ecosystem such as: network speed, depression gas prices and network opportunities etc. Then what are you waiting for? Connect your wallet and interact with the DApps on the Fantom ecosystem.

Getting started with Fantom ecosystem

To go started with Fantom you lot'll need a web3 wallet that is uniform with the Fantom Opera network. For this purpose nosotros'll be using the Metamask extension.

Once Metamask wallet is continued to Fantom (FTM) network you can utilise that to access DApps deployed on the Fantom network every bit well as to manage your FTM assets. That is you'll be able to send, receive, and store FTM cryptocurrency and other supporting Fantom network tokens.

How To Set Upwards MetaMask for Fantom Network

Offset of all we promise you have your Metamask wallet upward and running. If non and so refer to this beginners guide where we explained how to setup and use Metamask.

Adding FTM Concatenation to Metamask is fairly elementary. Open up up your Metamask extension, select network, choose custom RPC and and so enter the Fantom network details.

Add Fantom (FTM) network to Metamask

Open Metamask extension past clicking on the fox icon at the top right corner of your browser. Then input your password to unlock your wallet.
Now at the peak yous'll run across Ethereum mainnet which is the default network setting.
Drop down Ethereum mainnet and select custom RPC which you'll find at the bottom of the listing.
Custom RPC volition open networks window where you'll run across a list of networks which your Metamask tin connect to.
Select new network and enter the Fantom network details.

Fantom Network Details (Mainnet)

Network Name: Fantom Opera
New RPC URL: https://rpc.ftm.tools/ | or | https://rpcapi.fantom.network
ChainID: 250
Symbol: FTM
Block Explorer URL: https://ftmscan.com/

You demand to enter the Network Name, New RPC URL, Chain ID, Currency Symbol and Block Explorer URL as shown in the image beneath.

fantom opera network

In one case you've entered the network details click salvage. Metamask will automatically connect y'all to the Fantom Opera network. Click on the current network at the height of your Metamask and then select Fantom Opera if y'all are not already connected to the Fantom network.

That's it! You lot're now continued to the Fantom network with your Metamask wallet.

Note: Using the network switch button y'all can switch betwixt your favorite networks anytime. Besides you lot tin can use the same address for Ethereum, Fantom, BSC, Barrage or any other EVM networks. To admission the tokens from particular network all you lot have to do is switch to the correct chain.

Alright! Now that your FTM DeFi wallet is fix its time to join the Fantom ecosystem.

Gas fee on Fantom – $FTM

To go started with the Fantom ecosystem you accept to transfer tokens to your Fantom network wallet address. At present before you send whatsoever other tokens to your address in the Fantom network transport some $FTM tokens first.

The $FTM token is the native token of Fantom network and it will be used as gas fee for any transactions on the Fantom blockchain. That is all transactions on Fantom network are paid with the native FTM tokens. This is similar Ether (ETH) being used every bit gas fee on Ethereum blockchain and Binance money (BNB) on the Binance Smart Chain.

And so now we need to send some $FTM tokens to your Metamask address that is connected to the Fantom blockchain. Later sending tokens you should exist able to collaborate with DApps and make transactions on the Fantom chain.

Transferring FTM and tokens to Fantom

First of all Fantom $FTM tokens are native to the Fantom network. But FTM tokens are also available as ERC20 on Ethereum and every bit BEP20 on Binance Smart Chain. Know the divergence between ERC20 and BEP20.

To send $FTM or any other tokens to the Fantom chain brand sure to choose the Fantom network for transfers. There are two ways to send tokens to your Fantom address. 1. From exchange and 2. Past bridging assets.

i. Transfer from Binance

For case let's assume you got your Fantom tokens in your Binance business relationship. BTW you lot can buy Fantom and other tokens from Binance.

To withdraw your FTM from Binance to your Metamask connected to Fantom choose the Fantom as network on the withdrawal page. You can likewise withdraw to the same address by choosing ERC20 and BEP20. Simply remember that ERC20 is for the Ethereum network and BEP20 is for the Binance Smart Chain network. Fantom is the Fantom network. So choose Fantom network on the withdrawal page.

Examination it with pocket-size amounts and once you receive it to your address on the Fantom network you tin keep with large amounts.

Utilize the Fantom cake explorer to track your transaction: https://explorer.fantom.network/ (but input your accost)

But what if Fantom option is disabled. True, every now and then binance seem to be disabling direct FTM transfers like yous run across in the image below.

binance fantom withdrawal

If direct transfer is not an option then you lot need to bridge tokens on to the Fantom network. Besides by mistake if y'all transferred to the wrong network so you lot can use the span to transfer tokens to the Fantom network.

2. Bridging Tokens

At that place are many cross chain bridges supporting Fantom network. You can employ Multichain Fantom Bridge, Anyswap or SpookySwap to span tokens onto the Fantom Network. Using these bridges you can transfer to Fantom network either from Ethereum or Binance Smart Concatenation networks.

Just connect your Metamask to i of these bridges. Next choose the source chain and destination concatenation equally Fantom. Set the corporeality yous desire to transfer and and so perform a cross chain swap. This will transfer the coins from other Ethereum, BSC or other blockchain to your address on the Fantom blockchain.

A few moments later y'all should see the tokens on your Metamask Fantom receiving address. Using this method you can ship whatever ERC20 and BEP20 tokens on to the Fantom ecosystem.

Fantom faucet tip bot

To get started with the Fantom opera network there are too few faucets that you can use. Only Google them and you'll run into these Fantom faucets that volition help you with a small-scale FTM tip.

Using either of these methods you can get FTM on to the Fantom network. Now that y'all know how to store, receive, ship FTM tokens its fourth dimension to utilise the Fantom DeFi platform.

Fantom Ecosystem

Welcome to the Fantom ecosystem. The Fantom Ecosystem is fully compatible with the Ethereum Virtual Machine. It ways all the popular Ethereum and Binance Smart Chain applications can too operate on the Fantom smart contract platform.

Some skilful examples are Sushiswap and Curve. In that location are also some native projects on the Fantom Chain.

SpookySwap Finance – A decentralized exchange on the Fantom network and Spiritswap Finance.

There are many other exchanges and DeFi platforms that support the Fantom network. Yous can start accessing these DeFi platforms, stake Fantom FTM and earn passive income.

That's it! Other than Metamask you tin can besides additionally use https://pwawallet.fantom.network/#/: – This is a Fantom fWallet which you can use to send, receive and stake your Opera FTM.

Congratulations! You've leaned how to connect your MetaMask wallet to the Fantom network. Too you know how to transfer tokens to and from the Fantom Opera network! You can now provide liquidity, pale tokens and earn yield farm.

If yous got whatever questions about DeFi or Fantom in full general then feel free to postal service your comments.