FTX is one of the world’s largest crypto exchanges, and it has low fees and a wide range of coins. Customers in the United States can use the FTX.US exchange. It has a smaller selection of cryptos but still has a lot of features. If you want to learn more about FTX, check out our FTX Crypto Exchange Review.
Watch the below video on FTX Crypto Exchange Review:
Full FTX Crypto Exchange Review
Cryptocurrency investors who want low fees and advanced features should use this exchange: They should use this exchange.
A lot of things are good: low fees, a lot of choices, advanced trading features, the NFT market, and the FTX debit card.
* More limited platform for U.S. customers.
* It doesn’t have all the major cryptocurrencies.
A big reason people like FTX is because it doesn’t charge a lot to trade. There are fees for both makers and takers that start at 0.10 percent and 0.40 percent, respectively, but they go up from there. It costs the taker money when the order is filled right away. It costs the maker money when the order isn’t filled right away.
When you sign up for a cryptocurrency exchange, you get better rates than many of the best ones charge. With FTX, high-volume traders can also get lower fees for their trades.
A lot of different types of cryptocurrencies.
More than most exchanges have: FTX has more than 275 cryptocurrencies, which is a lot more than most other exchanges have. FTX.US is more limited, because it only has 22 different types of coins. That’s still a good amount, and it includes Bitcoin, a lot of other coins, and some stablecoins. As for FTX.US, not so much. The exchange’s international platform has a lot of good things going for it, though.
Earn up to 8% on your investments.
FTX lets people invest in crypto. When you stake your crypto with FTX, you get rewards based on how much you staked. It’s like getting money in a bank account and getting money in return. If you want to trade your crypto, you can take it out of the stakes at any time. There are many different types of rewards for putting money into a project. They can be as high as 8%, though.
There are new order types.
Your standard market order isn’t the only thing that FTX can do.
The following are the types of stop-loss orders:
* Stop-loss limit orders
* Stop-loss market orders.
* Take profit
* Take profit limit orders
* Trailing stop
* Take profit
Traders can use a margin to buy and sell stocks
Users who have at least $100,000 on FTX.US can use margin trading. This allows you to get up to 10 times more leverage. Margin trading is a risky way to trade that could cause your account to be liquidated, so it’s not good for people who are just starting out.
The NFT market
FTX is a place where you can buy and sell non-fungible tokens (NFTs). These tokens show who owns digital assets, and they’re popular with people who want to buy digital art.
You can buy and sell NFTs on FTX and FTX.US. You can also bid on them. You can also make your own NFTs and sell them.
The FTX Card
When you buy something at an exchange, you can get a virtual debit card called the FTX Card. You can use it to pay for things you buy online with your balance on FTX.US. If you don’t have enough U.S. dollars in your account, then FTX will convert your other coins to pay for the order. For now, FTX.US only has a virtual debit card, but that could change in the future. You can use this card to buy things on the site.
What could be done better?
Less of a platform for customers in the US
If you’re from the United States, you can’t use FTX’s main platform. Instead, they have to use FTX.US. If you want to trade crypto, that’s still a good place to go. It’s just a more basic version of the international site.
Less than one-tenth of the coins that FTX.US has are on FTX.US. It also doesn’t offer crypto tokens or futures that are backed by money.
Coins like bitcoin and ethereum aren’t in the list of
This isn’t true for both versions of FTX. You can’t get some important cryptocurrencies on either one. FTX and FTX.US don’t have these coins:
In this order: Cardano (ADA) Polkadot (DOT) Avalanche (AVAX) and Stellar (STL) (XLM)
Alternatives to think about
In this case, Coinbase is a great choice if you’re new to crypto. This exchange has an easy-to-use design on both its web platform and its app for phones and tablets. It has a lot of educational material, and it even lets you get free crypto for finishing lessons.
* If you want to invest in both stocks and crypto trading, Robinhood is the place for you. It started out as a stock broker and became popular because it didn’t charge fees for trading. Since then, it has added a lot of big coins for people to invest in.