FTX.US Exchange Review

The management team is mainly composed of previous finance and IT industry personnel. The firm boasts itself of being built by and for cryptocurrency enthusiasts. It provides an NFT market where developers can generate Non-Fungible Tokens for sale. Additionally, buyers can get the products from developers.

What are the pros and cons of FTX.US?

Pros

Minimal Charges

Low transaction charges are one of the essential attractions of FTX.US. The fee rates for makers and takers begin at 0.00% and 0.40 percent, respectively.

The immediately levied orders are called Takers, and those that take longer time are called Makers.

The beginning prices are already low than the fees charged by some of the renowned crypto exchanges. In addition, FTX.US provides lower costs to high-volume investors. 

Security

The affiliate prioritizes the safety of its users like every other crypto exchange platform. It offers a custom-built hot and cold wallet for keeping the user's crypto assets and agreements with sector regulators. Customers can also utilize two-factor authentication (2FA) for safer user access and transactions.

Offers  Educational Material

The blog of FTX.US contains informative content. Even if there are exchange platforms with bigger libraries, provide a wealth of data on crucial cryptocurrency investment issues.

Margin Trading

Margin trading is available to experienced individuals with not less than $100,000 on FTX.US. Margin trading gives you up to ten times the leverage. It is a risky approach that exposes one's account to bankruptcy. So, this is why we do not recommend this method to newcomers.

NFTs

FTX.US allows you to produce, purchase, sell and exchange Non-Fungible Tokens. You can either mint your NFTs on the platform or transfer them to the exchange from another location using your wallet. NFTs on the Ethereum and Solana blockchains are interoperable with FTX.US. Floor prices, or the cheapest fee you may spend to join an NFT project, are offered in cash or crypto.

Cons

Few Cryptocurrencies Available

Unlike other crypto exchange platforms that offer more cryptocurrencies, FTX.US provides less than 30 cryptocurrencies. In addition, coins such as Polkadot and Cardano are not accessible on this platform.

No Staking or Lending Scheme is Available

Some cryptocurrency exchanges allow you to gamble or loan your cryptocurrency to gain incentives. It is an excellent approach to expanding your crypto assets because interest rates are generally significantly higher than savings accounts. However, Token does not allow you to stake or lend cryptocurrencies.

Beginner-Unfriendly

For experienced investors, FTX.US is the preferable option. It's not complex to use, but it does have a level of difficulty for individuals who are unfamiliar with crypto trading.

Is FTX a good fit for you?

The modest costs may appeal to the first-timers in the crypto industry. The more sophisticated products offered by FTX.US may appeal to experienced traders. However, some may prefer a broader selection of cryptocurrencies.