FTX review



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NOTE: Customers in United States are not allowed to register at this broker. We would recommend a different broker at our toplist here.

FTX was created in 2019 and is one of the newer cryptocurrency exchanges, but also one of the major ones. It is known for its low trading fees and the large number of crypto pairs. The company is incorporated in Antigua and Bermuda and has its headquarters in the Bahamas. It currently has more than a million users and averages more than $10 billion in daily trading volume when writing this. In this Crypto Lists review, we will look at the platform in detail. If you cannot wait and want to get started with an excellent crypto exchange immediately, then sign-up for FTX now!


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NOTE: Customers from United States are not allowed to register. Find another broker here.

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Background & Overview

 

FTX QR code
to scan with phone

This service is a relatively new cryptocurrency exchange, and its main appeal is its low trading fees. The site also features a large number of cryptocurrencies, and these include BTC, LTC, ETH, SUSHI, and TRX. You can make payments to the site using a number of fiat currencies. These include USD, AUD, EUR, GBP, and CAD. The company operates with a different site in the U.S.

Not a customer yet? Register with FTX today, it's quick and simple!
 

Advantages at FTX

+FTX has low transaction costs.
+It has a large selection of cryptocurrencies.
+Enjou advanced
trading features at FTX.
+You can use it to buy and sell NFTs from FTX.
+It has a built-in automated trading option. 

Disadvantages

-FTX is relatively new, so some issues may be yet to be uncovered.
-This crypto exchange got a rather lengthy KYC process.
-FTX don't allow trading with a demo account.
-A few major cryptocurrencies are missing from the site, and these include Cardano and Polkadot. 

KYC & Registration

The registration process at FTX exchange is straightforward. To create an account, you should follow these basic and simple steps:

+Go to the FTX exchange homepage and click the 'REGISTER' button on the top right corner of the website.
+Fill in your email address and password, and your account will be ready.
+You can then go to the profile setting page and set up your 2FA. This can be done using Google Authenticator, SMS, or Authy.
In order to trade on the site, you will have to complete the KYC procedure. In order to verify your identity, you only have to send the following details:

Your email address
Your full legal name
Your date of birth
Your country of residence and region

After sending these details, you will be allowed to trade a maximum of $2000 every day. Also, due diligence may be required. With these details, you may also not be allowed to trade futures. For unlimited crypto and fiat withdrawals, you will be required to send the following additional details:

+Proof of address and phone jurisdiction.
+Description of your source of assets.
+Passport or similar government-issued identification.
+Facial verification.
+It is worth noting that the KYC procedure at FTX is a little more complicated when compared to some other crypto exchanges, but it's done in order to comply with laws and regulations from lots of different countries.

 

Leverage

▪ Rated at 9/10

There are currently four leveraged tokens for futures on FTX exchange, and these are:

BULL
(+3X)
BEAR (-3x)
Which can be traded with quite a few tokenized stocks, cryptocurrencies, tokenized indices and
HEDGE (-1X)
HALF

 

Costs

▪ Rated at 10/10

One of the main benefits of FTX is its low trading fees. The costs will vary depending on your 30-day trading volume, as you can see
below:

With a trading volume of less than $2 million, you will have to pay maker fees of 0.02% and taker fees of 0.07%.
With a trading volume of between $2 million and $5 million, you have to pay maker fees of 0.015% and taker fees of 0.06%.
With a trading volume of between $5 million and $10 million, you have to pay maker fees of 0.010% and taker fees of 0.055%.
With a trading volume of between $10 million and $25 million, you have to pay maker fees of 0.05% and taker fees of 0.05%.
With a trading volume of between $25 million and $50 million, you won't pay any maker fees but will have to pay 0.045% taker fees.
With 30-day trading volumes of over $50 million, you have to pay taker fees of 0.04%. At this rate, you will not need to pay any maker
fees.

 

Deposit Methods

▪ Rated at 9/10
Below you can see a list of the deposit methods available on FTX. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

You can use all types of crypto, along with VISA card, Mastercard and bank transfer. European customers can use SEPA bank transfers in order to get started quickly. In general, the selection of cryptocurrencies to use for deposits is amazing, and you can deposit almost any of the major cryptos to your FTX account. The only negative is that FTX got a limited amount of European payment methods and eWallets. Crypto Lists are still waiting for integration with Swish, Klarna, Trustly, iDeal, Skrill, Neteller and Paypal to name a few.

 

Platforms

▪ Rated at 10/10

FTX QR code
to scan with phone

FTX exchange has a user-friendly website, and all the major links are listed at the top of the homepage. You can also access major cryptos at FTX exchange using links on the top left corner of the site. These cryptocurrencies include BTC, ETH, SRM, and FTT. The site supports various languages, including Spanish, Italian, English, and Bahasa Indonesian.

 

Broker Support

▪ Rated at 9/10

The customer support team at FTX is quite good. The agents are highly responsive and seem eager to solve your issues. In order to access the support team, you will have to create an account on the site.

 

Other Names for FTX

FTX is or has also been known under the following names: FTX Trading Ltd, FTX Digital Markets Ltd.

 

FAQ

Is FTX exchange a legitimate crypto exchange?

Yes, this website is legitimate and is incorporated in Antigua and Bermuda. Its headquarters are in The Bahamas. If you live in the USA, there is a different site for potential FTX users.

Which cryptocurrencies can I trade at FTX exchange?

This platform offers a large number of crypto pairs. Some of the FTX cryptocurrencies you can purchase on the site are BTC,
LTC, ETH, UNI, and SUSHI.

Is this website secure?

Yes, this website is secured with SSL encryption, so your personal details will never be leaked to hackers. Also, it uses two-factor
authentication to ensure that trader accounts are never hacked.

What is the FTX coin?

The FTX coin is the backbone of the FTX ecosystem. It was developed to increase network effects and demand for FTT.

 

Instruments available

Some of the top instruments at FTX include tokenized stocks, a wide range of cryptocurrency pairs, tokenized index trading and even currency trading. The top instruments listed on FTX for investing or trading are shown below.

▪ Rated at 10/10

CRYPTO

1INCH/USD, AAVE/USD, AGLD/USD, AKRO/USD, AKRO/USDT, ALCX/USD, ALEPH/USD, ALICE/USD, AMPL/USD, AMPL/USDT, ATOM/USDT, AUDIO/USD, AUDIO/USDT, AVAX/USD, AXS/USD, BAL/USD, BAL/USDT, BAND/USD, BAO/USD, BAR/USD, BAT/USD, BCH/BTC, BCH/USD, BCH/USDT, BICO/USD, BIT/USD, BLT/USD, BNB/BTC, BNB/USD, BNB/USDT, BOBA/USD, BTC/EUR, BTC/USD, BTC/USDT, C98/USD, CEL/USD, CHR/USD, CHZ/USD, CHZ/USDT, CITY/USD, CLV/USD, COIN/USD, COMP/USD, COMP/USDT, CRO/USD, CVC/USD, DAI/USD, DAWN/USD, DENT/USD, DFL/USD, DMM/USDT, DOGE/USD, DOT/BTC, DOT/USD, DOT/USDT, DYDX/USD, EDEN/USD, ENJ/USD, ENS/USD, ETC/USD, ETH/BRZ, ETH/BTC, ETH/EUR, ETH/USDT, EURT/EUR, EURT/USD, EURT/USDT, FIDA/USD, FRONT/USD, FRONT/USDT, FTM/USD, FTT/BTC, FTT/USD, FTT/USDT, FLOW/USD, GAL/USD, GALA/USD, GARI/USD, GENE/USD, GODS/USD, GOG/USD, GRT/USD, HGET/USD, HGET/USDT, HMT/USD, HNT/USD, HNT/USDT, HT/USD, HUM/USD, HXRO/USD, IMX/USD, INTER/USD, JET/USD, JOE/USD, JST/USD, KIN/USD, KNC/USD, KNC/USDT, KSHIB/USD, KSOS/USD, LEO/USD, LINA/USD, LINK/BTC, LINK/USD, LINK/USDT, LOOKS/USD, LRC/USD, LTC/BTC, LTC/USD, LTC/USDT, LUA/USD, LUA/USDT, LUNA/USD, MANA/USD, MATH/USD, MATIC/BTC, MATIC/USD, MBS/USD, MCB/USD, MEDIA/USD, MER/USD, MKR/USD, MKR/USDT, MNGO/USD, MOB/USD, MSOL/USD, MTA/USD, MTA/USDT, MTL/USD, NEXO/USD, ORBS/USD, OXT/USD, PAXG/USD, PAXG/USDT, PORT/USD, PRISM/USD, PROM/USD, PSG/USD, PTU/USD, PUNDIX/USD, QI/USD, RAMP/USD, REAL/USD, REEF/USD, RNDR/USD, RSR/USD, RUNE/USD, RUNE/USDT, SAND/USD, SHIB/USD, SKL/USD, SLND/USD, SLP/USD, SNX/USD, SNY/USD, SOL/BTC, SOL/USD, SOL/USDT, SOS/USD, SPELL/USD, SRM/USD, SRM/USDT, STARS/USD, STMX/USD, STORJ/USD, SUN/USD, SUSHI/BTC, SUSHI/USD, SUSHI/USDT, SXP/USD, TLD/USD, TLRY/USD, TOMO/USD, TOMO/USDT, TRX/USD, TRX/USDT, TRU/USD, TRYB/USD, TULIP/USD, UBXT/USD, UNI/BTC, UNI/USD, UNI/USDT, USDT/USD, UST/USD, UST/USDT, VGX/USD, WAVES/USD, WBTC/BTC, WBTC/USD, WNDR/USD, XAUT/USD, XRP/USD, XRP/USDT, YFI/USD, YFI/USDT, YGG/USD, ZRX/USD

TSTOCKS

ABC/USD, ABNB/USD, AMD/USD, AMZN/USD, APHA/USD, BABA/USD, BB/USD, BTT/USD, BYND/USD, CGC/USD, CRON/USD, DKNG/USD, FB/USD, GLXY/USD, GME/USD, GOOGLE/USD, HOOD/USD, MAPS/USD, MRNA/USD, MSTR/USD, NFLX/USD, NIO/USD, NOK/USD, NVIDIA/USD, PENN/USD, PFE/USD, PYPL/USD, SPY/USD, SQ/USD, TLRY/USD, TSLA/BTC, TSLA/DOGE, TSLA/USD, TWTR/USD, UBER/USD, ZOOM/USD

TFUNDS

ARKK/USD, BITW/USD, GDX/USD, GDXJ/USD, SLV/USD, USO/USD

CURRENCY

AUD/USD, BRZ/USDT, CAD/USD, CHF/USD, EUR/USD, GBP/USD, HKD/USD, SGD/USD, TRY/USD, ZAR/USD

Crypto Currencies

BTC/LINK, BTC/LTC

TINDEX

TSM/USD



FTX QR code
to scan with phone
›› Sign up at FTX here
NOTE: Customers from United States are not allowed to register. Find another broker here.

Screenshots from FTX

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Related coin? Learn more about FTT

The FTX Token is the coin that is used on FTX, so it's worth reading more about it on our review page.

›› Read our full FTX Token review here
FTX Token (FTT) is the backbone of the FTX ecosystem.

FTX Review Published: Sunday, 6 Mar 2022 3:19 pm
Last Updated: Monday, 1 Aug 2022 3:24 pm
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FTX Newsflash
    Crypto Exchange FTX Goes Live in JapanCrypto Exchange FTX Goes Live in Japan
    Monday, 20 Jun 2022 12:03 am
    FTX has launched in Japan, a market that possesses a potential $1 trillion in crypto investments. This comes after the company acquired the fintech firm Liquid Group and its subsidiaries. This acquisition granted the firm a Type 1 Financial Instruments Business license. With FTX Read the full newsflash

Founders of FTX
This company was co-founded by Sam Bankman-Fried and Gary Wang. He used to be a trader before starting FTX. At the moment Sam Bankman-Fried serves as the CEO of the company.
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