Buy Fantom
in Hungary

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.

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.

According to the Finance Ministry of Hungary, investing, trading and mining cryptocurrencies are legal in Hungary. But note that a legal definition for cryptocurrencies is still developing. This means that cryptocurrencies are not an official form of legal tender yet. Legal tenders are anything recognized by law as a means to settle a public or private debt or meet a financial obligation. It is estimated that Hungarians own about 300 billion HUF (850 million EUR) worth of cryptocurrencies.

Yes. According to the new regulation of National Tax and Customs Administration (NAV), from 2022, 15% personal income tax will apply to cryptocurrencies. But note that you only need to pay taxes when you exchange your cryptocurrencies for traditional currencies such as euros. You do not have to pay tax for exchanging a cryptocurrency for another cryptocurrency. According to the new regulation mentioned above, investors can deduct their losses from their tax base. Also under the same regulation, you can have the option to deduct expenses related to trading from your tax base, such as fees of crypto exchanges. Although the new regulation will make the taxation of cryptocurrencies more transparent, Hungary still lacks detailed regulation on this topic.

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.

Every resident of Hungary can convert, buy, and sell cryptocurrencies with fiat. Some supported payment methods are: Bank Deposit and PayPal. Buying is pretty easy for residents of Hungary, choose our exchange, verify your ID, connect your payment method, and buy away.