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FTX US Review 1/10⭐



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

FTX US is a centralized exchange that supports transactions in digital and crypto assets as well as stocks. You can deposit with the US dollar on the platform or use crypto. FTX US is a rapidly growing crypto exchange that offers various trading options such as futures, trading and margin options to cater to different customers and risk aversions. Although the parent FTX platform is available on a global scale, FTX US has some limitations, and US residents cannot trade on the global platform. However, they can still access and trade in a variety of digital assets on the US site, including Bitcoin, Ethereum, Dogecoin, and Solana, as well as a large collection of NFTs.

Tips! Check out this broker instead

We want to make you aware of the fact that FTX US has a relatively low rating and/or our suggestion is to avoid them. There are other trading platforms with better rating that we think would be more suitable. Do not miss checking out ›› Binance.US that has got the rating 9.5 of 10 and classed as one of the best platforms.Questions? Livechat here! You can otherwise also register directly here.

If you have any questions, do not hesitate to contact us directly via Livechat here or drop us an email here.


Built by traders for traders, with a range of digital assets with low trading fees and available only in the US. Try it today!


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

Avoid Scam Sam and his team, that went bankrupt after spending client money on their own token and external crypto projects.

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Background & Overview

 

FTX US QR code
to scan with phone

FTX US has grown since its inception in 2019 by offering investors in traditional assets, crypto, and digital assets access to multiple trading options. The platform is backed by a team of engineers and developers with broad exposure to equity and derivative trading. FTX US offers a unified platform where investors can manage all their investment holdings in traditional assets like stocks and digital assets like crypto and NFTs. The platform offers some of the most competitive trading fees in the market, and this has contributed immensely to its user base.
Visit FTX US now!

 

Advantages at FTX US

Some of the benefits of FTX US, according to Crypto Lists, include:

+ Offers access to many cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Tether, and more.
+ It is suitable for intermediate and advanced traders with features like spot and margin trading.
+ Excellent security.
+ FTX US offers a diverse NFT marketplace.
+ Access to advanced markets, including forex, leveraged tokens, and commodities. 

Disadvantages

The downsides of FTX US include:

- Fewer cryptocurrencies compared to some other exchanges.
- US residents cannot trade on the global FTX platform.
- No live chat support.
- It may be difficult to find some information on the platform. 

KYC & Registration

Know Your Customer (KYC) includes the minimum mandatory requirements for opening an account on FTX US. The initial process of setting up your account is fairly simple. FTX US requires some details from new users as a security measure to verify your identity and flag potential illegal activities on the exchange, such as money laundering. When you create your account on the homepage, you can provide some basic information, such as your name and date of birth. However, the platform offers more options for users who go through the full verification process by providing a government ID, facial recognition, and proof of address.

 

Company Account

Business accounts are available, with a more stringent sign-up policy, which is to be expected. Known as 'Institutional Accounts', you'll need to send over company documentation alongside standard KYC information.

 

Leverage

▪ Rated at 1/10

One of the great features about FTX US is the ability to spot and margin trade using leverage, something that isn't available on all US crypto exchanges. They have an extensive library of information available on the site explaining how it works, so it's good for newcomers to trading as well as experienced pros.

 

Costs

▪ Rated at 1/10

Low fees are one of the main features of FTX US. The platform is based on a tiered fee structure based on a 30-day trading volume. Fees on FTX US are charged on a maker-taker model. Makers set a limit order while takers execute a market order. Maker fees range from 0% to 0.1% depending on your trading tier, while taker fees can be between 0.05% to 0.4%.

FTX US also charges a transfer fee of $0.5 for deposits and withdrawals, although the fee may be waivered if it is your first deposit or if you deposit more than $100. There are no fees for crypto deposits. You will be charged $3 to mint an NFT for sale, and there are no fees for wiring funds, although your bank may charge you. FTX US offers an FTX Debit Card, which you can connect to your FTX US account to make payments, withdrawals, and deposits. The card lets you use fiat currency or any crypto you might hold.

 

Deposit Methods

▪ Rated at 1/10
Below you can see a list of the deposit methods available on FTX US. 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.

There are a variety of ways to deposit USD into your account. These include debit and credit cards, as well as bank transfers. How fast these are depends on your own bank's policy. You can also deposit using cryptocurrencies, which is the lowest cost and the highest speed. Read more about the deposit methods at FTX US here.

 

Platforms

▪ Rated at 1/10
The following platforms are supported by FTX US:


FTX US QR code
to scan with phone

FTX US offers an innovative and easy-to-navigate user interface. The platform displays useful tabs on the homepage, including one-click access to markets, products, and the FTX policy. Users can access the platform on desktop or via the mobile app available on Android and iOS. The app features a minimalist design with bold icons and neat overlays for easy navigation through the various trading categories.

 

Automated Trading and Copy Trading

There isn't an in-built autotrade or robot trading feature, although there is the possibility to integrate your own with the platform with an API.

›› Get started with Crypto Auto Trading at FTX US now. 

Languages supported

The following language is supported on FTX US:

English

 

Broker Support

▪ Rated at 1/10

FTX US does not offer live chat or 24/7 phone support. Traders can submit support tickets on the platform in case of queries, concerns, or complaints, although FTX does not specify how long the team responds to customers' concerns. You can also reach the support staff on Telegram or read through FTX's extensive collection of articles that highlight the common challenges and how to troubleshoot them.

 

Other Names for FTX US

FTX US is or has also been known under the following names: West Realm Shires Services, Inc.

 

FAQ

Where can I register for FTX US?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

Is FTX US a legit platform?

FTX US is a licensed cryptocurrency exchange in compliance with US regulations. The platform has been subjected to the US GAAP audit process. Funds held in FTX in United States of America are insured by the FDIC.

Who is FTX US made for?

FTX US is ideal for traders who are interested in competitive trading fees. It is a popular option for traders with cryptocurrency experience and sophisticated traders looking for margins and leveraged trading.

Are my digital assets with FTX US?

FTX US is a secure platform with multiple features to ensure the exchange supports its wide customer base. The platform utilizes two-factor authentication and the option to set up an additional password for withdrawals. You can whitelist IP addresses to prevent unauthorized remote access and use hot and cold wallets to protect your crypto.

Who started FTX in United States of America?

FTX was founded by Sam Bankman-Fried and Gary Wong. Sam is a former trader who formally worked on the ETF exchange at Jane Capital. He is a physics graduate from MIT with years of experience in ETFs, futures, and currency trading. Gary Wong is a former Google software engineer also from MIT, where he specialized in Mathematics with Computer Science.

 

History of FTX US

History of FTX US

2019: The parent company FTX is founded by Sam Bankman-Fried and Gary Wang. Both of whom are MIT graduates.

2020: The United States version of the platform is launched, based in the Bahamas.

2021: In August 2021 FTX.US agreed to acquire LedgerX for an undisclosed sum.

February 2022: FTX.US announces it will allow stock trading to its US customers.

 

Instruments available

Find the full list of instruments available to trade at FTX US here. There are a wide range of pairings available on FTX US, although not as many as some other platforms. You can see them below.

▪ Rated at 1/10

Crypto Currencies

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/LINK, BTC/LTC, 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, EUR/USD, ETHW/EUR, ETHW/USDT, EURW/USD, 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, SWEAT/USD, 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

Currencies

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

Screenshots from FTX US

Click for larger image

NOTE! THIS SITE HAS CLOSED DOWN

This crypto site unfortunately is soon or has already closed down and does not accept new customers. Do not proceed setting up an account there.
›› Please choose another suitable brand from the best crypto site toplist.
Read the FTX US Terms and Conditions here.
FTX US Review Published: Tuesday, 8 Nov 2022 10:52 am
Last Updated: Wednesday, 10 May 2023 1:48 pm
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FTX US Newsflash
    Breaking: Binance Abandon The FTX Deal - Walks AwayBreaking: Binance Abandon The FTX Deal - Walks Away
    Wednesday, 9 Nov 2022 9:07 pm
    The world's biggest crypto exchange, Binance, reveal that they will walk away from the FTX deal. Expect a highly volatile week for crypto going forward, with millions of Solana coins being unstaked tomorrow. There might be lots of liquidations coming and the risk is high for most cryptocurrencies. Solana has moved from 23 to 13 USD today, and with a huge amount of additional unstaked coins coming to the market - further downfall could be possible...
    Read the full newsflash


    FTX Withdrawls Paused Until Further NoticeFTX Withdrawls Paused Until Further Notice
    Tuesday, 8 Nov 2022 8:48 pm
    When Crypto Lists made a test to withdrawal crypto from FTX (see review), the notification re received was slightly different to usual. While the requested amount and selected coin was shown as usual, there was an extra code in the bottom of the email: "Withdrawals are processed within a few hours". Now, it's been over 5 hours and withdrawals are still paused until further notice. CryptoLists.com expects Binance to step in and assist within 24 hours, since they signed an agreement to purchase FTX global. The US subsidiary of FTX is not affected by the news. The FTX token has fallen from 22 USD...
    Read the full newsflash


    Breaking: Binance Signs Agreement To Buy FTXBreaking: Binance Signs Agreement To Buy FTX
    Tuesday, 8 Nov 2022 4:36 pm
    Sam Bankman-Fried confirms on Twitter that Binance signed a letter of intent to buy FTX, one of their rivals. There has been heavy discussions between Sam and CZ - CEO of Binance - lately. Luckily, this may solve all of their previous issues. Keen on trading the FTX token? Then you can buy signing up for Binance now!...
    Read the full newsflash

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