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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.
When buying cryptocurrency, there are two factors that could affect the cost: 1.The price of the cryptocurrency itself, and 2.The exchange commission. Our exchange is practically one of the cheapest means to buy cryptocurrncy in Lithuania since it charges no exchange fees for the transactions.
Yes. But note that according to Lithuania Personal Income Tax Law, if the taxpayers generate income from the sale of cryptocurrencies, the difference between sales and the acquisition price is taxed and they are obliged to file a personal income tax return. If you are selling your crypto asset in Lithuania, keep in mind that our exchange charges no fees for transactions.
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.
According to the Finance Minister Gintarė Skaistė, the Lithuanian Ministry of Finance and the Bank of Lithuania are taking proactive steps to strengthen regulation at national level in preparation for subsequent decisions at EU level.
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.