Simple 3-step guide to buying FTM today in Papua New Guinea
Create your free Bitget account
Select a funding method
Complete your Fantom purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Fantom using a payment method of your choice:
Buy Fantom with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the Buy tab.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Fantom order.
How to buy crypto with credit/debit cardBuy Fantom with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Fantom is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Fantom order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Fantom order.Buy Fantom with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Fantom order.
P2P trading
Step 3: Monitor Fantom in your Bitget spot wallet
Bitget: Where the world trades Fantom
Alternative methods to buy Fantom in Papua New Guinea
Buy Fantom with crypto on Bitget Convert
Swap on-chain assets to Fantom with Bitget Swap
How to buy Fantom for free
- Learn how to earn Fantom for free through the Learn2Earn promotion
- Earn free Fantom by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Fantom airdrops by joining On-going challenges and promotions
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What can you do with Fantom in Papua New Guinea?
Store/Hold Fantom
Many users hold on to their Fantom with the expectation of it increasing in value. You can store your FTM safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Fantom
You can trade Fantom for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Fantom trading to meet your needs.
Send Fantom
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Fantom online and send to anyone and anywhere with their Fantom address.
Spend Fantom
You can also buy goods and services with your Fantom. More and more vendors and retailers accept Fantom every day.
Earn Fantom (FTM)
Fantom (FTM) futures
Market stats to assist in determining optimal times for purchasing Fantom
What is Fantom (FTM)?
Fantom is a public decentralized smart-contract platform that allows for the development of dapps, digital assets, and independent blockchain networks. It is designed to solve the “Blockchain Trilemma”, which is a popular belief that a decentralized system can only satisfy two of three benefits - speed, security, and decentralization - at the same time. The Blockchain Trilemma is widely held as it is evident in two most popular blockchains, Bitcoin and Ethereum. Both of them have good security and decentralization because of their consensus mechanisms, but they greatly compromise scalability and speed as a result. To achieve all three advantages, Fantom implements asynchronous Byzantine Fault Tolerance (aBFT) consensus protocol to increase the speed and throughput of transactions.
One of the ways Fantom takes the edge off transaction load and increases scalability is by allowing users to create and configure their own networks on top of Fantom while still enjoying the speed, security, and finality of the mother chain.
Blockchain Interoperability
Fantom’s mainnet, called Opera, was released in 2019. It is fully compatible with Ethereum Virtual Machine (EVM), which means that dapps built on Ethereum and other EVM-compatible chains such as Avalanche and Polygon can easily be migrated to or interoperated with Fantom.
Moreover, Mutichain.org (formerly known as Anyswap), one of the biggest cross-chain swap AMMs, supports Fantom, making it easier to move assets to and from Fantom.
Fantom Virtual Machine
In April 2022, the Fantom Foundation announced that Fantom Virtual Machine (FVM) would be launched later in the year. FVM will empower Fantom to have better speed, fee, security, scalability, and performance. According to Fantom Daily, it is said that FVM can make execution costs go down enormously while doubling performance capacity.
Enterprise Solutions
In addition to excellent support for independent developers, Fantom offers a suite of solutions for enterprises. On their website, the solutions are promised enterprise-grade performance and security as well as high flexibility and customization. Perhaps the quality of their services is what has convinced many companies to utilize Fantom. Some of the notable use cases demonstrated include pharmaceutical supply chain, education, healthcare data storage, and finance.
How Fantom (FTM) Works
Lachesis - aBFT consensus algorithm built by Fantom
Fantom deploys its own aBFT-based Proof-of-Stake (PoS) consensus protocol called Lachesis, which powers Fantom’s mainnet, Opera.
There are four key characteristics of Lachesis as follows:
1. Augmented Byzantine Fault Tolerance: The aBFT mechanism of Lachesis improves on the the traditional Byzantine Fault Tolerance model as it achieves consensus through:
- a two-stage block confirmation process (In the beginning stage, a last irreversible block is suggested, and then in the latter stage, the last irreversible block is decided upon.)
- two-thirds majority vote
2. Leaderlessness: In the original PoS protocol, a few validators determine the validity of the transactions. On the other hand, there is no leading node that can decide the validity of blocks. The lack of leaders in this type of PoS improves speed and strengthens the network’s security.
3. Asynchronism: Commands can be processed at different times.
4. Fast finality: A transaction on Opera is finalized and settled almost instantaneously.
Lachesis is at the heart of Fantom, enabling the network to be scalable, secure, and decentralized at any given time.
One dapp one blockchain
Furthermore, Fantom employs a unique way to avoid network congestion and offer extensive scalability to dapp developers and users, that is to assign each dapp its own customizable blockchain. Though the "child" blockchains are independent and customizable in terms of governance and tokenization, they have the benefits of the Lachesis. Since Lachesis is the common thread that ties all these child networks together, there is an obviously inherent interoperability among them.
How Many FTM Tokens Are in Circulation?
Fantom’s primary token is FTM. FTM is used for securing the network, sending and receiving payment, on-chain governance, staking, and network fees.
To run a validator node on Fantom, one needs to stake at least 500,000 FTM.
The total supply of FTM is 3.175 billion. Among those, 2.1 billion is in circulation and the rest is reserved for giving out staking rewards to holders. If the staking reward distribution remains at the same speed, the remaining 1.075 billion FTM will take about two years to be issued completely and the total supply of 3.175 billion FTM be in circulation.
The initial distribution of FTM is as follows:
- 32.75% is allocated to Block Rewards
- 12.00% is allocated to Advisors/Contributors
- 6.00% is allocated to Strategic Reserve
- 1.57% is allocated to Public Sale
- 11.69% is allocated to Private Sale II
- 25.35% is allocated to Private Sale I
- 3.15% is allocated to Seed Sale
How to Buy Fantom (FTM)
Consider investing in Fantom (FTM)? It only takes 2 minutes to create an account on Bitget and start trading FTM.
Check out the available FTM trading pairs on Bitget!
Futures market
Spot market
Fantom (FTM) Resources
Buy Fantom in Papua New Guinea with Bitget
How to safely store your Fantom
- Sign up and transfer FTM to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your FTM.
How to withdraw Fantom with Bitget's hassle-free withdrawal process
Taking over the eastern half of the New Guinea island is the nation of Papua New Guinea, situated in the southwestern region of the Pacific Ocean just north of Australia’s coastline. Because of its mix of cultures, the country boasts a whopping 839 known languages in the region, making it one of the world’s most linguistically diverse countries. While the government approximates a population of 9.4 million people, a new study suggests it’s actually upward of 17 million.
Port Moresby takes on the mantle of Papua New Guinea’s capital city, and offers tourists a whole range of attractions such as the Port Moresby Nature Park, Bomana War Cemetery, Varirata National Park, the Port Moresby Mosque, and the National Parliament House. For those with an affinity for water, you might also want to check out Ela Beach, Adventure Park, and Idler’s Beach.
The official currency of Papua New Guinea is the Kina (PGL), and you can purchase Fantom(FTM) in just a matter of minutes, no matter where you are in the country, from Port Moresby or Lae to Mount Hagen or Madang and Arawa. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.