2021/12/19
FTX Review 2022
FTX Trading Platform
FTX is a brilliant trading platform, established in 2019, not only can you trade +180 cryptocurrencies and +270 pairs, but they also have tokenized stocks, forex, options, leverage tokens, prediction, volatility, futures and more.
With their native token FTT you can get reduced trading fees. Supported currencies are GBP, USD, EUR, AUD and CAD.
FTX is a derivatives exchange(you can not trade real assets, but you can trade the value of the underlying asset) with a high amount of volume and tight spreads which make it ideal for advanced traders. The user interface is smooth and user friendly, with the trading platform incorporating all the necessary tools needed to place market/limit, stop-loss and take-profit orders.
FTX offers staking to earn interest on you crypto, easily convert from one crypto to another as well and a borrow and lending feature. Crypto can be transferred to and from an external wallet with ease and a bonus feature is being able to create a Subaccount which helps organize your assets.
FTX is a high quality exchange, with their unique features and inventive vision it has a promising future.
FTX Desktop & Mobile
FTX can be accessed through a web browser. Mobile apps are available for FTX on IOS, and Android devices.
The app is called FTX Pro and includes all the markets and features you will find on the desktop site.
In the wallet section of the app you will be able to keep track of your individual holdings as well as your total portfolio balance. Included in the wallet section is where you will be able to stake, convert, deposit funds and withdraw cryptos to an external wallet.
FTX Support
Live support:
FTX does not offer live support.
Help Center section :
In the help center section you should find answers to the most common enquiries.
Help Center (Submit new ticket):
For any enquiries not found in the help section, you can contact support by clicking on “the submit new ticket” tab in the help center section which will issue you with a support ticket which may take anywhere from 30min to 24hrs.
Email support:
FTX does have email support, but it is not recommended you use this route, rather submit a ticket through the help center. support@ftx.com
FTX Fees
Spot trading: 0.02% to 0.07% ( discounts if you hold FTT (The FTX token)
Credit/Debit card: Free
Wire Transfer: Free
Crypto wallet to wallet: Network fee
Crypto deposit: Free
Other Deposit: Free – SEN, SEPA, PayID, Signature SIGNET
Withdrawals:
USD under $10000 = $75 fee.
BRL = 0.3% + $10.
EUR, GBP, AUD, HKD, CAD, SGD, BRL, CHF and CHF = Free
Security
FTX is considered to be a safe exchange with the options of Two Factor Authentication (2FA), via SMS or the authenticator app. It is recommended that you activate 2FA to protect your funds.In addition FTX also white list IP’s and wallet addresses.
FTX in addition to the usual security features, has engaged with Chainalysis to monitor suspicious transactions, KYT, in real time anti-money laundering(AML) compliance solutions. The exchange also has a backstop liquidity fund.