SpookySwap: Top Choice for Trading Fantom (FTM)

Many enthusiasts of the crypto industry turned their attention to decentralized crypto exchanges (DEX). One of the popular DEXs is SpookySwap. We tell you how this decentralized crypto exchange works and how it differs from its numerous competitors. Also, In this article, we will talk about why SpookySwap exchange is considered the top choice for trading Fantom (FTM).

What is SpookySwap?

All operations on DEX are automated using a smart contract system. Therefore, platform users can conduct trading operations without intermediaries. For more information on how DEXs work, follow the link.

SpookySwap is an automated DEX exchange built for the Fantom Opera network. It has its own token BOO. The exchange platform supports hundreds of digital assets, allows you to exchange tokens, manage liquidity, earn money from staking, and use the bridge from ETH, BSC, and other networks. Below, we will look at the features of the project and how it works.

What is Fantom (FTM)?

Fantom is an open-source blockchain network that supports smart contracts. The project is built by analogy with Ethereum. Fantom has gained popularity due to the high speed of transactions and low cost of transfers.

Fantom has its own token named FTM, which is cryptocurrency that is, among other things, used for making payments online, paying commissions and managing a project.

Why is SpookySwap The Top Choice for Trading FTM?

On SpookySwap you can exchange coins and earn money by blocking tokens for the needs of DeFi projects, providing them with the liquidity they need to operate.
The exchange uses the Fantom network to ensure maximum transaction speed, and scalability.
Traders can make money on SpookySwap through liquidity supply. The platform also has offers for staking cryptocurrencies.
Users of the crypto exchange can work with several blockchains at once thanks to the service built into the platform for conducting cross-chain operations.
The ability to interact with many blockchains, including Ethereum and BNB Chain, opens up more options for DEX clients to make money on decentralized protocols.

Note: To Exchange Tokens on SpookySwap

Make sure you have a MetaMask or FTM wallet to pay for gas.
Connect to Fantom Opera via wallet.
Go to the “Exchange” section.
Specify the token you want to convert in the “From” section. If the coin is not in the list, try entering it in the search field and add it to the list.
Select the cryptocurrency in the “To” section using the same principle.
After enabling the option, click on “Swap” and make sure that the transaction has been sent.
Check your progress by clicking on “View on FTMscan” or follow the link in your wallet.

-SpookySwap also has functionality for working with non-fungible tokens (NFTs). For example, DEX users can use the platform’s tools to create their own NFTs.
-Low Commissions: Choosing Fantom as a base for DEX allowed developers to reduce fees. The fee for depositing and withdrawing assets to a crypto exchange is almost zero. The trading platform charges 0.2% for token exchange (0.22% for limit orders). To pay fees, users will need native Fantom tokens – FTM. There are no fees for withdrawing or transferring money to SpookySwap.
-SpookySwap is highly secured: Keep your Fantom (FTM) locked down tight, cause you know, safety first! It is resistant to hacker attacks and conducts transactions without the involvement of a third party. When registering, you do not need to enter personal data, which allows you to remain incognito.
-SpookySwap Bridge: If there are tokens on other chains, they can be transferred to Fantom and back. The system supports the protocols Ethereum, Binance Smart Chain, Polygon, Avalanche, etc.

Note: To get FTM do the following:

Make sure your wallet address is up to date with Fantom Opera. It is important that you have previously used a multichain bridge or spookyswap.finance.
Go to mentasuave01-tools.com/.
Follow the instructions.
After receiving the required amount of gas, enter the exchange page to convert.