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FTX US REVIEW

Honest, Direct, & Hyper-Distilled

Table of Contents

"I love FTX US for its technical analysis tools, super-fast sign up, and fast and reliable wire transfers"
Timo Gesine
Crypto enthusiast & investor

Get Started with FTX US

OVERVIEW

100 +
CRYPTO PAIRS
1
COUNTRY SERVED (US ONLY)
1
LANGUAGE AVAILABLE (ENGLISH ONLY)
1
INNOVATIVE PRODUCTS
01

THE BIG PICTURE

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.

7th largest crypto exchange
02

FEES

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.

85% lower fees than other platforms
03

PRODUCTS

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:

  • Spot trading
  • OTC trading
  • Derivatives trading
  • NFT marketplace
  • The FTX Card (for spending crypto)
  • FTX Pay (to receive crypto and fiat payments)
decent variety
04

AVAILABILITY

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.

all us except NY
05

PROS

  • Highly regulated exchange in 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
  • Institutional US investors
Excellent choice for US INVESTORS

Get Started with FTX US

THE FINE DETAILS

General Information

Official Website:
https://ftx.us/
Support: http://ftx.us/support
Help Center: https://help.ftx.us/hc/en-us
Start Now

Registration

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.
Register

Support

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.
Check it out

Regulation

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.
Read More

Ease of Use

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.

FREQUENTLY ASKED QUESTIONS

Common questions we get asked about FTX

Led by experienced professionals from Wall Street quant firms and tech companies, FTX is a highly regulated cryptocurrency exchange that operates globally.

FTX doesn’t allow US citizens to trade on its platform. FTX.US, a separate trading platform not owned by FTX, operates in the United States.

FTX has its headquarters in Nassau, New Providence, Bahamas.

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.

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