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Friday, May 27, 2022

Ftx Exchange Review: Ftx Is Legit & Secure Exchange

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About Ftx Exchange

Ftx Exchange is a brand new US-regulated cryptocurrency exchange, built from the ground up. The mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty, and become a market leading US cryptocurrency exchange over the next two years.

FTX is an online digital exchange for cryptocurrency and crypto derivatives. It is designed to support the trading of BTC options and other popular crypto derivatives. FTX helps gain access to the best spot trading practices and enables fund transfers via fiat and stable cryptocurrencies, such as Ethereum, Bitcoin, and Litecoin. It supports a selected range of stablecoins and altcoins.

With its trading services, Ftx Exchange helps retail and institutional traders diversify their crypto trading portfolios. The platform provides multiple trading products and options. Furthermore, FTX services are developed to stay dedicated to professional traders in the market. In other words, the platform offers services to experienced traders.

FTX platform also runs an OTC service. This service helps interested traders make large crypto purchases. Through the FTX mobile app, traders can buy large crypto volumes and manage their FTX user accounts on the go. Considering the volume, it is counted among the best derivatives exchanges.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameFtx Exchange
Exchange TypeCryptocurrency
Fee $0.50
Deposit FeeFree
Taker Fee0.10%
Maker Fee0.40%
Support24/7
 Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Trading fees

FTX.US has a tiered fee structure for all spot markets, as follows: 
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 Notes

  1. After your first week of trading, we’ll rebate your fees paid above what your new volume tier would have caused to facilitate users ramping up trading. This does not apply to any portion paid out as a referral fee.
  2. There is a fee for margin borrowing.

Wire Fees

  1. They reserve the right to charge a fee for USD wire transfer deposits/withdrawals, currently set to min($35,max($5,1%)). That is to say: there is a 1% fee on USD deposits/withdrawals, but no more than $35, and no less than $5. Note that this does not apply to Stablecoin deposits/withdrawals or ACH transfers, which are free.
  2. We are not currently charging for wire deposits or withdrawals.

ACH Fees

$0.50 per ACH is the standard fee.

  1. If you have never successfully deposited via ACH, we will waive the fee. 
  2. If you haven’t deposited via ACH in the last week, we will wave the fee if it’s over $10.
  3. If you have deposited via ACH in the last week, we will wave the fee if it’s over $100.

Crypto Fees

  1. There are no deposit fees for blockchain transfers. FTX.US pays the withdrawal blockchain fees for all tokens except for ERC20/ETH & OMNI token withdrawals.

Features

Spot Market

Ftx Exchange offers BTC, LTC, ETH, BCH, PAXG and USDT with a significantly more built out feature base than any other major US platform.

Security

FTX.US has industry standard security, including a custom-built hot and cold wallet solution; full external backing of all hot wallet funds; and relationships with industry leading custodians.

Liquidity

They have a history of providing market-leading liquidity–from some of the industry’s top market makers to the most liquid futures order books. Because of this FTX.US has had industry-leading order-books from day one.

Fiat

Ftx Exchange combines industry leading banking on-ramps that make depositing and withdrawing fiat a simple and quick experience. Furthermore, FTX.US has seamlessly integrated Stablecoins with USD in order to aggregate liquidity and ease of use.

Ftx Exchange Review

7.1

CURRENCY VERITY

6.5/10

REPUTATION

7.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

8.0/10

DESIGN

6.5/10

Pros

  • Low fees
  • It is specialized in derivatives trading.
  • FTX guarantees liquidity.

Cons

  • The leveraged tokens are risky.
  • It is a relatively new platform.
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