FTX exchange - Buy and Sell Crypto on FTX | Bitcoin, Ethereum and more
A walkthrough of the exclusive FTX exchange platform
Well, by now, almost every individual in their adult ages are aware of what cryptocurrencies are and the benefits that come along. Digital currency has made earning extremely easy via the exchange platforms and wallet services that crypto brought into the world.
There are tons of exchange platforms and tons of wallet services that are designed specifically to cater to the crypto world for both crypto variants and crypto fanatics. Here, in this read, we thought of sharing specific details on one of the recent developments in the world of cryptocurrencies- the FTX Exchange that is proving to be highly efficient.
The FTX crypto exchange is a smooth and heavily guarded exchange platform that provides users with exclusive access to the trading markets for derivatives. But apart from this major service, the rest of the FTX is made of multiple small segments.
Trust us, this originally innovated exchange is dripping of goodness when it comes to service features that have been directed to take all crypto trading scenes to a different and higher level than you can imagine.
In a very short span, this exchange platform has delivered highly efficient services and managed to get listed as one of the best five derivative exchanges when it came to the daily trading volume. Moving down the read, you’ll get a brief introduction to what the exchange was ideated for.
In addition to that, you’ll learn about the different tradable products it works with, the stated jurisdiction that supports its use, a ton of information on the FTX.US platform (which is a platform introduced for all the advanced users), and more.
Understand the FTX crypto exchange at length
After being created by one of the exclusive crypto trading firms, the FTX exchange has managed to leave a mark on the market with its tradable derivatives or products. It comprises several derivatives to trade in and reflect the values of all the underlying assets.
The most important thing to know about FTX is that it has been designed by crypto traders who are aware of how crypto and the crypto markets work, which then resulted in an exclusive crypto exchange that can be a great learning step for new investors and advanced enough for the pro-users.
Get to know the tradable products on the platform
As it is clear by now, real or traditional assets cannot be traded on the FTX Exchange as it is a specifically designed trading space for cryptocurrencies or the existing digital currencies. In other words, these trade transactions would be made with derivative products that are enlisted below:
Futures- These derivative products refer to when it obligates individuals to make the trade on a pre-decided date;
Options- These are similar to Futures but it does not make it mandatory for all contract holders to go through with the purchase transactions after the expiry of the set date;
Spot Markets- That’s right, you can trade with crypto spot markets with real assets as a bonus service feature of FTX exchange;
Leveraged Tokens- These are only available on the FTX crypto exchange, which is ERC20 tokens with prices in real-time for all the underlying crypto coins;
MOVE- This derivative product directs your attention to the amount moved by an asset during a given time period;
…and many more. visit https://ftx.com/login
What is the determining jurisdiction for FTX exchange?
This part of the read has been exclusively designed to throw some light on the supported geographical jurisdiction that the FTX crypto exchange is bound to follow:
Crimea and Sevastopol
However, there is a very special way that the United States’ residents can opt for to access FTX efficiently- The FTX.US exchange platform (but without the accessibility to use or make transactions with FTT- the official FTX exchange token).
Although it offers only a few limited digital assets to trade in, it works just as great. To add to the statement, the changes in the availability of tradable products would highly depend on where users reside.
Get to know the upsides and downfalls of FTX.US
FTX.US tells you a lot about the platform by its name- it has been created for two different yet, significant reasons:
US residents can get access to the exclusive FTX exchange platform even if it is with lesser tradable products.
It is a more sophisticated platform that helps advanced traders to get attracted and make trade transactions.
Now, let us help you understand the pro points and the con tips that you need to keep in mind while using the FTX exchange platform:
Upsides of the exchange
Fees levied on withdrawals is extremely low
Trading options made available are highly advanced
It offers 24 different crypto tokens for trading
Downfalls of FTX.US
The options available for support are limited. https://ftx.com/
The crypto collection available is comparatively less
What makes FTX.US the best option for crypto trading?
As it is clear by the name, we thought of sharing a few details on the reasons that have been directed to compel users that FTX.US is definitely your best shot at enhancing and continuing a great crypto journey:
The platform is specifically designed for all the advanced crypto traders.
It allows all the users on the platform to make frequent withdrawals.
Users have the authority to make trade transactions using fiat currencies.
Get an idea of the FTX exchange fees- trade transactions
The best thing about the FTX crypto exchange is that it does not have a fixed fee for transactions- it highly depends on the quantity of trade that the platform is getting from you.
Let’s say, for instance, occasional users trading even less than $100000 over a month will be entitled to pay up to 0.4% and users who are frequent (making $50 million worth of trade), will be entitled to pay zero dollars ($0 or 0%).
Now, let us throw some light on the fee norms of the FTX.US service- users are offered a free wire withdrawal and withdrawals above the amount of $5000 are always free. It also takes up the fee on the assets that exist in the blockchain network apart from Ethereum.
Stay safe with high-end security protocols on FTX
Well, all of us are aware that the Internet is crawling with tons of crooks who wait for an opportunity to break into your online accounts and with cryptocurrencies acquiring financial worth, there are high chances of getting cyber threatened, attacked and even robbed.
That is the major reason for security protocols on the FTX Exchange platform. The first is an exclusive wallet service that users are offered to keep their digital assets safe; the second is the enablement of two-factor authentication; additional security comes with a functional liquidation engine and insurance fund.
It keeps on checking on with the researchers and developers of the brand so that the FTX crypto exchange can be renowned as the platform taking care of security breaches and meeting the security needs of the users.
The detailed read above has been carefully crafted to help you understand one of the very unique online services- FTX Exchange which act as a crypto exchange by offering users to make trade transactions in derivatives (the underlying prices of the digital assets).
Reading on, you’d get to know about the FTX crypto exchange, the tradable products made available to the users, the determined jurisdiction of the service, sign9ificant details on FTX.US along with its pros and cons, the employed security protocol and more.