Review on FTX by Joseph Bello
An exchange that performs excellently
FTX Exchange founded and established by Sam Bankman Fried I'm 2019 as one the the recent exchanges launched in the community,the identity of the founder of the exchange and his team are revealed,this gives me a sense of trust about the FTX exchange performance. The exchange currently boasts of providing an excellent and prolific service to traders. It supports leverage trade of up to 101× & spot trade. The leverage trade enables traders make maximum profits most especially when they are seasoned about crypto trading, but for a newbie going into the leverage trade is not a recommendable advise for you because you might eventually end up making loss rather than profits,so it's good you don't make use of the leverage trade yet. The support on the exchange was helpful and friendly,it has some groups for users to interact On their exchange community which comprises of over 7 languages. The exchange has launched its mobile application for Android and iOS to strengthen their service connection with traders,KYC is required on the exchange for you to make withdrawals of higher limits and this demands a lot of traders personal information, hence the platform doesn't allows you trade anonymously.
Pros
- It has several trade pairs
- Enormous and deep liquidity
- It has both android and iOS mobile app
- It supports spot and leverage trade
- The exchange's Group are in several language
Cons
- KYC verification is required and so trading anonymously isn't possible
