Fasttoken wallet
The most secure hardware wallet for your Fasttoken
Elevate your Fasttoken security with Tangem. Join countless savvy users enjoying peace of mind.
How to secure your Fasttoken with Tangem?
When you buy or hold Fasttoken in Tangem, it secures your private keys in many ways:
- With the seedless setup and smart backups on extra devices, your Bitcoin is safe and accessible only to you.
- Tangem is IP69K water and dustproof, built to protect against extreme temperatures, EMPs, ESCs, and X-RAYS.
- An access code and biometric authentication protect against unauthorized access.
- Private keys are generated and stored on its EAL6+ CC secure element.
How to get a Fasttoken Crypto Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get TangemWhy choose Fasttoken wallet with Tangem.
Privacy
No registration and KYC required to use the app. We don't track your data.
Security
Your private keys are encrypted and never leave your device. Only you have control over your funds.
Convenient designs
Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Customer care
Fast support for your needs. Live chat and email support for customers from all over the globe.
What is Fasttoken (FTN)?
Fasttoken (FTN) holds the position of the native currency for Bahamut, a public, Layer 1 blockchain solution based on EVM technology. Initially conceived as an ERC20 token within the ecosystems of SoftConstruct and Fastex, FTN transitioned to being the native asset of the Bahamut blockchain upon its mainnet launch on May 3, 2023. This transition marked its migration from Ethereum to Bahamut's own network.
What is a Fasttoken wallet?
A Fasttoken wallet is a tool for managing the private keys associated with your Fasttoken address. It does not hold Fasttoken directly, as your assets inhabit the blockchain. The primary function of a Fasttoken wallet is to store and manage private keys, facilitating access and control over your Fasttoken accounts. Essentially, a Fasttoken wallet helps you store, send, receive, and manage Fasttoken.
How does a Fasttoken wallet work?
Fasttoken wallets safeguard your private keys, which are essential for controlling your blockchain accounts. The private key is crucial for maintaining access to your specific Fasttoken account and should always remain confidential. The public key, on the other hand, can be shared to receive Fasttoken. To move funds, you need the specific private key that corresponds to those public keys. The Tangem Wallet secures these private keys within its chip.
What are the types of Fasttoken wallets?
Exchange Fasttoken Wallets:
These wallets are governed by centralized platforms like Coinbase, Binance, and Kraken, allowing users to purchase Fasttoken using traditional currencies. However, this comes with risks like losing account access.Software Fasttoken Wallets:
Available as applications on various devices, these wallets manage your Fasttoken assets and private keys. While user-friendly, they are susceptible to malware and cyber threats. They include mobile, desktop, and browser wallets.Mobile Fasttoken Wallets:
These are smartphone applications designed to manage Fasttoken.Desktop Fasttoken Wallets:
Installed on desktop computers, they store your private keys on the hard drive.Hardware Fasttoken Wallets:
These are physical devices used offline to securely store Fasttoken, safeguarding them against online vulnerabilities. Tangem represents an example of such hardware wallets.
How to Choose the Best Fasttoken Wallet
Selecting the ideal wallet depends on personal needs, with an emphasis on simplicity, dependability, durability, and security features. To ensure maximum protection against online threats and to safely store large quantities of Fasttoken, using a hardware wallet like Tangem is highly advisable.
Fasttoken FTN
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See all supported cryptosFasttoken FAQ
- You can buy Fasttoken on major cryptocurrency exchanges like Binance, Coinbase, or Kraken. You can also use P2P platforms or specialized exchange services. For safe storage, it is recommended to use a reliable wallet like Tangem.
- For long-term storage of Fasttoken, a cold wallet such as Tangem is the best choice, offering a high level of security. For active transactions, a hot wallet is more convenient but less protected from hacking.
- Transfer fees for Fasttoken depend on the blockchain network load and the exchange or wallet used. Typically, this includes a network fee (gas fee) and possibly additional fees from the platform.
- To create a wallet for Fasttoken, install the Tangem app, follow the instructions to set up a cold wallet, and generate a unique address for storing your cryptocurrency.
- Fasttoken operates on theBahamut blockchain, which utilizes the Proof of Stake and Activity (PoSA) consensus algorithm. In PoSA, validators, who validate transactions and blocks, stake a fixed amount of tokens to participate in the consensus process.
- Fasttoken (FTN) isthe native cryptocurrency of the Bahamut blockchain, a public EVM-based layer 1 solution. It serves as a utility token, enabling staking, block creation, and validation mechanisms, as well as cross-chain operations.
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