FTX | Business24-7

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Written by Braden Chase Edited by Giles Thomas Fact Checked by Tomislav Turcin

7 March 2023

3 March 2023

Page Summary

The FTX cryptocurrency exchange is a platform with its headquarters in the Bahamas. It offers many services, including leveraged tokens, volatility products, options trading, and derivatives. We recommend it to advanced traders and professional trading firms searching for competitive trading fees.

Review Summary: 

FTX offers a professional mobile app available on iOS and Android devices.
It has low trading fees and access to 130+ digital coins.
It offers staking services, access to the NFT marketplace, and a proprietary token.
It is a top platform to access advanced markets for futures trading, stocks, spot trading, and leveraged tokens.

FTX Overview:

The FTX exchange began in 2019 in the Bahamas. Its trading platform lets users trade digital coins. It is highly secure and offers many safety features. We recommend it for professionals, as it has an impressive range of trading features.

Trading Experience

FTX is a crypto exchange with a wide range of digital assets available. The FTDX platform is versatile and well-designed. Experienced traders receive access to leading trading tools. Spot trading is available for beginners.

This exchange offers an FTX app on iOS and Android devices. The FTX Pro app has an intuitive interface for trading crypto coins. FTX account holders access staking services to earn interest in trading digital assets. Staking is available for SOL, RAY, and SRM. An NFT marketplace exists to buy and sell NFTs.

Cryptocurrencies Available 

FTX is a reliable exchange with access to 120+ cryptocurrencies. Coins available include:

Bitcoin
Ethereum
Solana
DOGE
Binance Coin
Ripple
Litecoin

This exchange offers access to fiat currency trading, including USD, EUR, GBP, and AUD. FTX lets its users swap coins and fiat currencies with ease. The FTX token is useful for receiving rewards. Read our in-depth reviews to learn more about exchanges and cryptocurrencies available.

Fees 

FTX trading fees are average and detailed on the platform’s website. FTX doesn’t charge a deposit fee for funding accounts with cryptocurrencies and fiat coins. This exchange charges 0.02% for makers and 0.07% for takers. It offers discounts based on trading volume and incentives to all account holders. FTX has its coin, the FTX coin. Users receive discounts on trading fees depending on how many FTX coins they hold.

Regulation & Reputation 

FTX is a safe exchange following the anti-money laundering laws. It offers all standard security features, including two-factor authentication and impressive platform encryption. The FTX insurance fund offers limited protection. We recommend you research different exchanges before choosing one. Read our in-depth reviews to discover more information on exchanges and reputation.

Account Opening 

Account opening at FTX is straightforward. The steps you need to follow are:

Access the FTX home page.

Click Register and fill in your email and password.

Enable two-factor authentication.

Complete identity verification to comply with the KYC rules.

Fund your account and start trading digital coins.

Customer Support 

Customer support at FTX is average. It offers access to ticket supports in your FTX account. The response time is average. Choose a crypto exchange with access to many contact options. Read our in-depth reviews to learn more about customer service and crypto exchanges.

Summary 

FTX is a popular platform with access to professional trading tools. It has a competitive fee structure and access to leading digital coins. FTX is a good fit for experienced crypto traders.

FAQ

What Is A Centralized Crypto Exchange?

A centralized cryptocurrency exchange is a private company offering access to trading platforms. These exchanges request identity verification, known as the Know Your Client rule.

What Is A Decentralized Crypto Exchange?

A decentralized crypto exchange doesn’t follow the rules of any regulatory body. It doesn’t have a central point of control. It functions as a server, but each computer within the network operates in different locations. If one computer shuts down, it doesn’t interfere with the network’s activity. The disadvantage is that these exchanges come with significant risks. Read our in-depth reviews to learn more about crypto exchanges and safety.

Should I Buy Bitcoin With FTX?

Bitcoin is a leading digital coin with traders at all levels. Before investing in online coins, you should learn more about crypto trading. Read our in-depth reviews for more insights on popular crypto, leveraged tokens, and trading strategies.

Is FTX Secure?

The FTX platform has never announced a data breach. It follows anti-money laundering laws. But it doesn’t have a license from a top-tier provider. Investing in digital assets is risky, as these remain speculative assets. Check our in-depth reviews to read more about exchanges and safety.

Disclaimer

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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