FTX.US ranks 7th among the world’s largest crypto exchanges. It currently has more than a million active users and offers up to 85% lower fees compared to other platforms. The platform is super easy to use, making it a great choice for beginners. FTX US trades under West Realm Shires Services Inc. and is regulated per US regulatory guidelines, both on the State and Federal levels. Overall, it’s a great place to be if you want to explore the expanding cryptoverse, be it spot trading, derivatives, NFT, crypto-backed debit cards, or anything else.
FTX US claims on its website that it offers “85% lower fees than other platforms”. The platform follows a tiered fee structure, where maker fees range between 0.00% to 0.10% and taker fees between 0.05% to 0.40%, depending on your 30-day trading volume.
You’ll also pay a 1.00% fee on USD wire transfer withdrawals and deposits, which will never be more than $35 or less than $5. Stablecoin deposits and withdrawals along with blockchain and ACH transfers are free. Separately, the platform also charges a fee for margin borrowing.
FTX US supports fewer products than FTX’s global platform. However, it still has a decent range compared to most other platforms. Core products include:
FTX does not onboard or provide services to personal accounts of current residents of New York state. Otherwise, the platform is available in the rest of the US.
FTX US accepts various payment methods, including wire transfers, ACH transfers, debit and credit card payments, blockchain transfers (crypto), and Silvergate Exchange Network (SEN).
FTX is known for its stringent security standards, and both its international and US platforms have never been the victim of any cyberattacks thus far. The platform also offers two-factor authentication (2FA) and an additional layer of security via Authy or the Google Authenticator app. Furthermore, FTX allows you to set up separate passwords for all withdrawals.
To further secure your account details and hodlings, FTX US also offers IP whitelisting. Additionally, all bank transfers on the platform are processed via Plaid, a renowned platform that securely transfers data from banks to the exchange.
Well, FTX charges lower fees than Coinbase and many other platforms, and it also has some unique products that you can’t find elsewhere. Unlike Coinbase, FTX is built by traders, for traders.