FTX Exchange Review (ENDED EXCHANGE)

 

 FTX REVIEW AT A GLANCE

■ TYPE: CRYPTO EXCHANGE OFFERING DERIVATIVES & OTHER LEVERAGED PRODUCTS

■ WALLET: COLD WALLET

■ HEADQUARTERS: ANTIGUA AND BARBUDA (FTX TRADING LIMITED)

■ ONLINE SINCE: 2019

■ CUSTOMER SERVICE: EMAIL | TICKETING SYSTEM

■ LANGUAGES: 12 LANGUAGES

 

INTRODUCTION TO THE FTX EXCHANGE

FTX is a comprehensive cryptocurrency exchange that offers a wide range of trading products, including spot cryptocurrency trading, futures, options, volatility tokens, stocks, and prediction markets. The platform features a modern and user-friendly interface powered by TradingView, making it accessible to both beginners and experienced traders.

You can start trading on FTX without completing identity verification; however, verifying your account increases your withdrawal limits. For account funding, FTX supports deposits in both cryptocurrencies and fiat currencies, with payment options including credit/debit cards and bank wire transfers.

FTX has also launched its own native token, FTT, which supports staking and provides benefits such as reduced trading fees.

■ SUPPORTED COUNTRIES: Most countries, excluding the US, Cuba, Syria, North Korea, Iran, Antigua & Barbuda

■ SERVICES: Crypto Trading, Derivatives, Leveraged Products, Prediction Markets, OTC Services

■ FIAT CURRENCIES: USD, EUR, GBP, AUD, and CAD (FTX supports bank deposits and cards: Visa and Mastercard)

 

 

FTX FUND METHODS AND FEES

FTX handles deposits via various FIAT currencies and cryptocurrencies.

Depositing Funds:

□ DEBIT/CREDIT CARDS: VISA/MASTERCARD

□ BANK WIRE

□ CRYPTOCURRENCIES

Fees for Withdrawing Funds:

□ Not charging deposit/withdrawal fees

 

FTX TRADING FEES

FTX supports the following tiered-fee structure for all their financial products. 

	Monthly Volume	Maker Fees	Taker Fees
Tier-1	0	0.020%	0.070%
Tier-2	2 million USD	0.015%	0.060%
Tier-3	5 million USD	0.010%	0.055%
Tier-4	10 million USD	0.005%	0.050%
Tier-5	20 million USD	0.000%	0.045%
Tier-6	50 million USD	0.000%	0.040%

 

 FTX FINANCIAL INSTRUMENTS & ASSET INDEX

FTX offers spot crypto and a wide variety of derivative products to trade:

□ Availability of hundreds of different crypto pairs

□ Trade more than 200 different Perpetual Contracts (Futures)

□ Trade other leveraged crypto products (more than 100)

□ Trade 15 Volatility Tokens

□ Stock tokens (trade more than 100 different stocks including MicroStrategy, PayPal, Amazon, Tesla, and Apple)

□ Prediction markets

 

FTX PLATFORM & TECHNOLOGY

The FTX trading platform offers a user-friendly interface and supports 13 timeframes and a full set of trading orders.

Key Features

• Based on TradingView (like Binance)
• Advanced charting capabilities (offering 11 different chart types)
• 13 timeframes
• More than one hundred built-in indicators
• Order Book and market trades
• A full set of trading orders

FTX Platform's Security

• 2FA for Withdrawals & Withdrawal Password
• Notifying Users of any Suspicious Activity
• Whitelisting IP's & Wallet Addresses
• Backstop Liquidity Fund

Trading Orders

• Market order & Limit orders
• Stop Market & Stop Limit orders
• Take-Profit & Take-Profit Limit orders
• Trailing-Stop order

FTX Blockchain (FTT)

• FTX has built its own native coin, it is called FTT.

 

POSITIVES OF FTX REVIEW

(√) A good variety of crypto pairs

(√) Low-fee crypto trading, which can become even lower using FTT token discounts

(√) Ability to use multiple financial instruments in the same account (spot crypto, perpetual futures, leveraged products, prediction markets, etc.)

(√) FTX platform is user-friendly and offers a full set of trading orders

(√) Deposit via cards, wire, and crypto

(√) Stock Tokens (trade hundreds of different stocks)

 

NEGATIVES OF FTX REVIEW

(x) Their corporate model is not very transparent (like most cryptocurrency exchanges due to the complex legislative environment)

(x) FTX is not regulated by a reliable authority

 

FTX REVIEW CONCLUSIONS

Founded in 2019, FTX quickly became a popular crypto exchange, offering a broad asset index and a wide variety of financial instruments—all accessible through a single account. FTX accepts users from most countries worldwide, with the exception of the United States. It is owned by FTX Trading Limited, which is registered in Antigua and Barbuda. For U.S. residents, there is a separate platform, FTX.US, which operates independently and is not owned by FTX.

Opening and funding a trading account with FTX is straightforward. Users gain access to hundreds of crypto trading pairs, perpetual futures, leveraged tokens, prediction markets, and more. Trading can begin immediately, even before completing identity verification. However, completing the verification process increases withdrawal limits.

FTX offers competitive trading fees, which are further reduced when using its native cryptocurrency, FTT. The platform, built on TradingView, is user-friendly and supports 13 timeframes along with a comprehensive range of order types—including market, limit, stop-market, stop-limit, take-profit, take-profit limit, and trailing-stop orders.

Professional traders can also access OTC (over-the-counter) services and benefit from advanced tools and lower fees. Overall, FTX has been considered one of the top platforms for trading cryptocurrencies and leveraged financial products efficiently and at low cost.

 

■ FTX Review

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