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Learn More about buying FTM in Greece
How to buy Fantom in Greece
Is FTM a good investment in Greece?
FTM (Fantom) is a cryptocurrency that was first introduced in 2018. The price of Fantom in the ICO was $ 0.04 and the token sale ended on June 17, 2018. Since then, FTM's value has risen 11.88 times compared to the US Dollar, increased by a factor of 3.61 when compared to Ethereum, and gone up 3.26 times versus Bitcoin. FTM's price was initially listed on various cryptocurrency exchanges in late 2018 at a price of around $0.03. Over the next year, FTM's price remained relatively stable and only saw slight fluctuations. In 2020, FTM's price started to gain traction as more people became aware of the project's innovative technology and growing partnerships. By the end of the year, FTM's price had increased to around $0.18, a six-fold increase from its initial price. In early 2021, FTM's price continued to soar as demand for the token increased. At its peak in April 2021, FTM's price had reached an all-time high of $0.66. Therefore, Fantom's best year was 2021, when the price of FTM rose 13,172.55% from $0.016957 to $2.25. The average annual growth of Fantom over the past 6 years has been 2,630.02%. In the year 2022, the whole crypto market was experiencing difficulties. Even the biggest and most popular cryptocurrencies were dropping dramatically but again, by the start of 2023, the prices are showing positive rises eventually. Many experts have predicted a good future for the FTM token as they forecasted the price would hit the $6.40 mark by 2025. Please keep in mind that this is not meant to be taken as a buying signal. It is recommended for you to research information on the crypto market and receive professional advice from the market experts before attempting to invest in FTM cryptocurrency.
What is Fantom ?
Fantom is a smart contract platform based on directed acyclic graph (DAG) technology that provides developers with decentralized financial services (DeFi). By using its proprietary consensus algorithm, Fantom aims to solve problems related to smart contract platforms, especially transaction speed. According to the Fantom developers, they have been able to reduce the transaction time to less than two seconds. The Fantom Foundation, which oversees the launch of Fantom products, was established in 2018, and the launch of the platform's main network, Opera, dates back to December 2019.
As an open source, customizable and scalable platform that is developed to overcome the limitations of previous generation blockchain networks, Fantom’s main goal is to build a better and more efficient future and to create an infrastructure in order to help people improve their quality of life through the latest developments in the world of technology. Fantom is part of the digital revolution, with its influence on all aspects of life, including: the adoption of digital assets on a global scale, digital economy and payments, as well as digital identity and medical records.
Is Fantom legal to buy in Greece
Yes. According to the Law 4734/2020 which is the basis of the applicable Greek institutional framework on preventing money laundering and terrorist financing, cryptocurrency is a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically.
Is Fantom taxed in Greece
Yes. According to the strategic plan by the Independent Public Revenues Authority (IAPR) of Greece, the taxation of income that results from cryptocurrency transactions are accounted as income from investments. Therefore, as stated in IAPR’s declaration, the income from the cryptocurrency transactions would be taxed as capital gains tax. According to Article 42 (3) of the Greek Income Tax Code (Law 4172/2013) capital gains means the difference between the purchase price paid by the taxpayer and the sale price received. For individuals, the capital gains tax would be at a rate of 15% according to Articles 42 and 43 of the above-mentioned Greek Income Tax Code.
After you've bought Fantom in Greece
By using your FTM (Fantom) crypto tokens, you can engage in the following activities: You can have transactions done: FTM is used as a medium of trade for goods and services within the Fantom network. You can use it in Staking: FTM can be staked so that you can participate in the network’s consensus mechanism and earn rewards. Governance: you as an FTM holder, can participate in the governance of the network by voting on protocol upgrades and other important decisions. Dapps: FTM can be used as a means of exchange within decentralized applications built on the Fantom network so the future of FTM owners is bright in regards to the wide-spread usage of Dapp technology.
Who can buy Fantom in Greece
In Greece, anyone can buy cryptocurrency with the help of licensed cryptocurrency exchanges. There are some easy, secure, and private ways to pay for your crypto purchase in Greece such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer, and PayPal. It is important that the exchange service also provides these payment methods as means of transaction when buying crypto assets in Greece. We are glad to declare that our exchange offers fast and safe access to these payment methods without charging any exchange fees for the high-standard transaction services in Greece.
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Frequently asked questions
There are several reasons that make FTM tokens valuable. These factors are: Utility: FTM tokens are used as a means of payment within the ecosystem, to access products and services. Demand: As the usage and adoption of the platform increases, demand for FTM tokens also increases, leading to an increase in value. Scarcity: FTM tokens have a limited supply, making them scarce, which can drive up their value. Governance: FTM tokens give holders the right to participate in the platform's decision-making processes, such as proposals for protocol upgrades and new feature developments. Network effects: As more users and developers join the platform, the value of the network grows, driving up the value of FTM tokens.
Yes. According to the Greek Income Tax Code (Law 4172/2013), the tax for natural persons would be at a rate of 15% pursuant to Articles 42 and 43 of the Greek Income Tax Code and the tax for legal persons would be applicable as corporate income tax rate according to Articles 47 and 58 of the Greek Income Tax Code.
Yes. One of the easiest ways to buy crypto assets in Greece is through cryptocurrency exchanges. There are also ATM machines in Greece through which you can purchase cryptocurrency using cash. But know that most of them require a telephone number for verification.
For the purpose of buying Fantom tokens, there is no set minimum price officially. The minimum order amount to purchase FTM on our exchange is $10. There are as well numerous payment methods available for your consideration.
It is estimated that 8.6% of the citizens in Greece have some form of cryptocurrency in their possession.
Get a safe and reliable wallet if you want to store your FTM tokens a bit more securely. The Fantom Wallet, which can be accessed via their website, would be the ideal substitute. As far as the Fantom ecosystem is concerned, the organization promotes the wallet as the most secure and reliable way to keep your FTM. These types of wallets can be downloaded on your computer, tablet, or phone. In addition, our exchange also provides a secure digital wallet with added features and convenient access to a variety of trading options and payment methods, which will make your trading experience easier.