Affiliate DisclaimerWe only recommend products we would use ourselves and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, may earn us a small commission. For any questions or enquiries, always feel free to contact us at hello@bottomlinecrypto.com.
Table of Contents
"I love FTX US for its technical analysis tools, super-fast sign up, and fast and reliable wire transfers"
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.
Intuitive trading platform for both beginners and advanced traders
Rock bottom fees
OTC feature offers zero fees, fast settlement, and tight spreads
Offers derivatives trading, including options, swaps, and futures
Maintains a high level of transparency and security
A well-managed website with FAQs, resources, and helpful guides
great advantages
06
CONS
Limited range of products compared to FTX International
No recurring buy option
A comparatively new platform (which isn’t really a problem until they add more features)
A little limited but worth it
07
PAYMENT METHODS
FTX US accepts various payment methods, including wire transfers, ACH transfers, debit and credit card payments, blockchain transfers (crypto), and Silvergate Exchange Network (SEN).
Fiat & Crypto
08
PRIVACY & SECURITY
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.
stringent security standards
09
WHO'S FTX US GOOD FOR?
Beginners in the US
Derivatives, options, and futures traders in the US
No complications here! Just visit the official website, click on “register”, enter your email, set a password, and agree to the terms and conditions. Follow the on-screen guides, complete your KYC verification, and you’re ready to trade.
The quickest way to get support is to open a support ticket. Other than this, you can also connect with the team through social media platforms like Facebook, Twitter, and Telegram. FTX US also offers a vast collection of FAQs, guides, and explainers regarding all its products and services, with answers to almost everything users may encounter.
FTX US is registered as a Money Services Business with the US FinCEN. The platform is regulated on federal and state levels, fully compliant with several financial services and consumer protection laws, including the Bank Secrecy Act (BSA). US GAAP has also audited the platform. For its derivatives products, FTX US Derivatives (formerly LedgerX) holds three licenses with the US CFTC.
So, yes, FTX US is a highly regulated platform.
Features
As one of the fastest-growing centralized exchanges (CEXs), FTX US allows users to trade cryptocurrencies through a web portal and mobile apps. It includes both basic and advanced trading features. Besides spot trading, the platform also offers a fully-featured NFT marketplace where you can explore, collect, and mint NFTs.
FTX US supports a Visa-powered debit card, which you can use to spend your crypto balance across millions of Visa merchant stores worldwide. Then there is FTX Pay, a low-fee payments platform that allows anyone to send and receive crypto and fiat payments. Apart from its regular trading platform, FTX US has an OTC trading platform, best for large trades because it offers zero fees, fast settlements, and tight spreads. Finally, the FTX US Derivatives feature lets clients build up crypto positions through options, swaps, and futures trading.
Both the web version and the mobile app are simple and easy to navigate, and it is easy to figure out important information on the website. Moreover, there’s a ton of guides and resources published on the Help Center to help you find your way around. Overall, FTX US has the perfect balance of basic and advanced trading features, making it a strong choice for retail and institutional investors.
Led by experienced professionals from Wall Street quant firms and tech companies, FTX is a highly regulated cryptocurrency exchange that operates globally.
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.
BLC READERS SHARE
"I love the FTX US platform. Very fast and reliable"
"What has impressed me most is that I've had no outages so far - which is all too common with even the biggest exchanges. Really recommend."
"Great service. They called me right away to help me get set up".
"This platform is quite new but really impressed so far. Has some really unique features".
"FTX US is worth getting behind because it's the only exchange with any chance of being able to offer futures and leveraged trading in the US!"
Previous
Next
MORE REVIEWS
YOU MIGHT ALSO BE INTERESTED IN THESE REVIEWS
Binance US
This honest and direct Binance.us review will show you the valuable features helping US investors enter the crypto market.