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FTX Review

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Average

Revainrating 3 out of 5  
Rating 
3.1
Crypto Exchanges

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Description of FTX

What Is FTX? FTX is a centralized crypto exchange created “by traders, for traders”, backed by significant trading companies in the industry, including Almeda Research, OTPP, Temasek, BlackRock, Coinbase Ventures and Sequoia Capital. As of 2022, the platform has over a million registered members, and the daily trading volume has reached billions of dollars. It supports over 300 cryptocurrencies for spot trading and offers products such as derivatives, options, prediction markets, leveraged tokens, tokenized stocks, OTC desk and volatility products. Who Are the FTX Founders? The Bahamas-based company was co-founded by Sam Bankman-Fried and Gary Wang. FTX claims to be “built by traders, for traders” and the team hails from reputable Wall Street quant firms and technology companies such as Jane Street, Optiver, Susquehanna, Facebook and Google. Sam Bankman-Fried, more widely known as SBF in the industry, is an entrepreneur and investor. He studied at Massachusetts Institute of Technology (MIT) and graduated with a degree in physics and a minor in mathematics. Before creating FTX, he worked at Jane Street Capital and founded Alameda Research trading firm. As for Gary Wang, he serves as CTO of the company. Wang also graduated from MIT, and worked as a software engineer at Google building price aggregation systems, before teaming up with SBF to launch FTX in May 2019. When Did FTX Launch? The crypto derivatives trading platform was launched in May 2019. Where Is FTX Located? The company is incorporated in Antigua and Barbuda, headquartered in the Bahamas. FTX Restricted Countries US residents cannot trade on the global platform, but a separate FTX.US exchange is available for US customers, only with reduced functionality and fewer crypto listed. In addition, the exchange doesn’t open corporate or individual accounts for clients located or registered in the United States of America, Cuba, Crimea and Sevastopol, Luhansk People's Republic, Donetsk People's Republic, Iran, Afghanistan, Syria, North Korea, or Antigua and Barbuda. The platform does not register users from Ontario, Canada, and there may be potential limited restrictions in Hong Kong, Thailand, Malaysia, India and Canada. Non-professional investors from Hong Kong may not access certain products, Brazil users are not permitted to use derivative products and all Japanese users are serviced on FTX Japan. What Coins Are Supported on FTX? The platform supports 300+ cryptocurrencies, among them BTC, ETH, SOL, LTC, XRP, DOGE. How Much Are FTX Fees? FTX applies a tiered maker/taker fee structure, commissions vary depending on the trading volume for 30 days and are between 0% to 0.02% for maker fees, and 0% to 0.07% for taker fees. Moreover, users may be charged up to 0.10% for withdrawals. Creation and redemption of leveraged tokens are charged 0.10% and daily management fees are 0.03% (FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT, LEO leveraged tokens). Is It Possible To Use Leverage or Margin Trading on FTX? The crypto exchange offers advanced trading opportunities for both experienced traders and newbie investors: spot trading, margin trading, futures trading are available to users. FTX supports up to 20X leverage. On the spot, qualified users have access to up to 10X markets leverage. Rates are determined by lenders, paid every hour. Also, FTX Futures offers cross-margin for a fairly wide range of coins.
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Reviews

Global ratings 16
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Type of review

Revainrating 3 out of 5

Ftx is a totally unified trade for dainty levels.

This elective fragment permits you to buy notes whenever. This is a direct result of the portable application that will be accessible to Android and iOS clients. A few group permit specialists, particularly subsequent to perceiving crypto trades, to take advantage of their benefits, yet this is just a proposal for fledglings, however nothing greater than a trade offer since you can come. be in a difficult situation. The advantages will give you a benefit. Do whatever it takes not to exploit the

Pros
  • A trade has its own program for cell phones.
  • FTX has 230 sets to purchase and sell.
  • The plan of the application and site is likewise extremely enormous.
Cons
  • Try not to go on the web.
  • I'm not intrigued.

Revainrating 4 out of 5

A very good exchange, but the website needs updating

FTX Exchange is one of the dozens of crypto exchanges that exist today. FTX is similar to other stock exchanges. As I've mentioned in previous evaluations, one of the best ways for an exchange to build its client community and enhance its impact is to innovate inside the exchange. Hopefully, the government will pay more attention to innovations in the future. Consumer satisfaction is low when it comes to the exchange, according to customer feedback. The major reason for this, I believe, is…

Pros
  • The exchange has its own app for mobile devices.
  • There are 230 trading pairs on FTX.
  • The application's and website's designs are both stunning.
Cons
  • Other languages haven't been completely translated on the site yet.

Revainrating 3 out of 5

My thoughts about FTX

Hello there. The review I will write today will be about FTX. There are thousands of crypto exchanges operating today, one of which is FTX Exchange. FTX is not much different from other exchanges. As I said in my other reviews, one of the best ways for an exchange to increase its influence on people and to grow the customer community is to innovate in the exchange. Hopefully in the future, the authorities will pay more attention to innovations. If we look at customers' feedback about the…

Pros
  • It is an excellent indicator to have 230 trading pairs and a trading volume of approximately $ 2 billion.
  • Has its own mobile application, the design of this application is also beautiful like a website.
Cons
  • Although the exchange's website supports many languages, the site has not been fully translated into these languages
  • More difficult to use compared to other exchanges

Revainrating 4 out of 5

FTX: My review on the exchange FTX!!!

FTX is a cryptocurrency exchange that supports the so-called "leveraged tokens" and futures, there is also an over-the-counter (OTC) market here. On conventional exchanges, there is no abundance of crypto futures and cryptocurrency indices, FTX was created in order to fill this niche, and technical solutions in the future can be transferred to conventional stock exchanges. Judging by the start, there is interest in FTX, soon after the launch, the trading volume was $ 100 million directly on…

Pros
  • Users can buy leveraged tokens like regular tokens in the spot market. However, they don't need to manage collateral, margin, liquidation prices, or anything else that a regular margin user should manage.
Cons
  • There is a small commission. Apart from the standard trading fees, there are two types of fees with credit tokens. Creation and redemption fees are 0.10%; please note that you only pay if you create / redeem, not if you buy on the spot market or convert. Leveraged tokens are also charged a management fee of 0.03% per day. This is simply deducted from the net asset value of the leveraged tokens; You will not see an actual decrease in token balance or USD payment in your account.

Revainrating 2 out of 5

one of the most recent exchanges in society

This is an exchange process that allows you to purchase notes at any point. It can be imagined as a result of a useful app that is open to Android and iOS customers. To get the most out of the top prizes, especially when you are able to exchange crypto, it is recommended to show that you can end up with a problem, not just a problem for minors, but an exchange of licensing agents. benefits. will benefit you. Make an effort now to avoid abusing the effects of change. The trade is currently…

Pros
  • retains many ERC-20 features.
Cons
  • I liked the project.

Revainrating 3 out of 5

offers an assortment of trade structures

This is a trade stage that permits you to purchase tokens whenever anyplace. This is possible because of the inside and out convenient application that is open for Android and iOS customers. The trading of impact permits representatives to receive the most outrageous rewards, particularly when they are proficient about the crypto trade, yet this is just a proposed offer for fledglings to exchange consequences for the grounds that you may wind up with a setback as opposed to profit. will profit…

Pros
  • introducing a change impact
  • Stunning compensation.
  • It's anything but an exhausting UI
Cons
  • no online visits.
  • I'm not finding any concerns.

Revainrating 3 out of 5

FTX is a project that performance very amazing.

f FTX is a very cool Exchange that work very well for users satisfaction and was created by Sam Bankman Fried and the project was established in the year 2019 which its works as one of the best recent exchanges that was founded in the community, the identity of the creator of this exchange and the groups are well revealed which its gives me a a very standard trust about this platform FTX exchange network. This exchange is currently beeb boast of introducing an amazing and trusted services

Pros
  • Its supported many trade.
  • Its support mobile app.
Cons
  • No cons

FTX is a top quality centralized crypto currency exchange and has been working excellently and efficiently in providing excellent services since its launch. Ftx is known for no fees exchange between top coins without even need to trade them. Im not talking about any particular but dealing with any particular token FTX probably is the only exchange that offers no withdrawl fees and very low maker and taker fees to make it easy for new and old users to use FTX platform. Only concerning point

Pros
  • Comfortable to use web and App interface with one click registration
  • Instant Swap between coins with no fees and no withdrawl fees for top coins
  • Facility to buy crypto with card to make it easy for new users to start using FTX immediately
  • 2FA and password protected facility for trading and withdrawls
Cons
  • Never had any issue while using FTX but without Kyc your withdrawl facility is limited

Revainrating 3 out of 5

offers a variety of exchange frameworks

This is an exchange phase that allows you to buy tokens anytime anywhere. This is conceivable due to the all-round portable application that is accessible for Android and iOS clients. The exchange of influence allows brokers to reap the most extreme benefits, especially when they are knowledgeable about the crypto exchange, but this is nothing more than a proposed offer for beginners to trade effects on the grounds that you might end up with a misfortune rather than benefit. will benefit you…

Pros
  • presenting a change effect
  • Amazing salary.
  • It has a boring user interface
Cons
  • no online visits.
  • I am not discovering any worries.

Revainrating 4 out of 5

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…

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

Revainrating 1 out of 5

FTX

WWhen a company focuses on just one aspect of the business they do, some people think they are limited and the companies themselves are the cause of this limitation. This doesn't sound true to me as I feel a company that focuses on just one aspect in a business having a wide range of things to do are just trying to be professional. An example of such an exchange platform is what I would be reviewing today and this exchange platform is known as FTX. The FTX exchange platform happens to be among…

Pros
  • I don't find any
Cons
  • They have a site that doesn't function
  • The platform has been labelled as scam due to their activities

Revainrating 3 out of 5

And exchange for you to try out

In choosing the best exchange for you is very important to make a very in-depth study of the platform you're about to hop into. the recommendable studies is for you make and carries on various social media platforms such as the telegram medium and other blogs and forums online. Exchanges is originated from Barbuda and has been in existence since 2019. The exchange has been able to provide its users with a lot of features such as port trading and provided a lot of coins which can be used for…

Pros
  • This exchange has a very low trading fee and the rate is very competitive in the market
  • It has a dark user interface which allows easy navigation around the website.
  • The exchange is listed with a lot of coins and support leverage trading of up to 100x
Cons
  • I see no negative aspect to point out and this exchange

Revainrating 1 out of 5

FTX: A Safe Trading Platform with Attention to ERC-20 Tokens

FTX is a trading platform that permits to get tokens anywhere at any time. This is possible thanks tow well-developed mobile app available for users of Android and iOS. This platform has been mostly consider in the current date due to that app since it helps to save time by executing transactions even more rapidly. Moreover, this platform is decentralized and holds a great number of the ERC-20 feature. This trading platform is besides, a safe development with different security features that…

Pros
  • This project is developed with modern features and great tools for getting tokens from different providers.
  • The platform permits to find tokens rapidly and enter in different orders until choosing the right one.
  • The exchange platform is up tod ate and really considered fro traders.
Cons
  • It is frequently offering red flags, but it is because of the findings of the market.

Revainrating 4 out of 5

Futures markets with ERC-20 token leverage

FTX, a platform developed by a series of recognized professionals, is destined to offer a variety of trading systems, ranging from futures and OTC trading, as well as including ERC-20 tokens with leverage that very few exchanges support, in that the availability of currencies and manageability of volume is acceptable for any operator to have the exchange services. Great of its service structure, it is in perfect operation, in which its native token, FTX token, serves as a utility token for the…

Pros
  • You have a large list of currencies and exchange pairs to trade.
  • Includes a number of cryptocurrency trading models, such as OTC and futures markets.
  • It is one of the few exchanges that offers trading leverage in ERC-20 tokens.
  • Offers a series of benefits based on its native FTX token (FTT).
  • It has a version for mobile devices.
  • Allows the trading of shares, cryptocurrencies with Fiat currency.
Cons
  • There is no online chat for customer service.
  • The operation of the exchange can be complicated for operators with little experience.

Revainrating 5 out of 5

It is well known as a safe exchange.

It is a splendid exchange which could get one of the most famous on the planet in the event that it keeps on offering an incredible support, unmatched speed and elevated levels of security. It dazzles in numerous territories in its remarkable way to deal with advancing the Bitcoin and altcoin markets. The group are on top of the business sectors like no other platform, with novel business sectors and trading instruments added routinely. It has made a gigantic sprinkle in a huge pool and I…

Pros
  • Top rated and the liquidity is much higher.
  • Amazing appropriation.
  • It has highly skilled team.
  • Compared with other it has impressively low fees.
  • Continually adding new markets.
Cons
  • Currently I don't find any concern in using FTX.

Revainrating 4 out of 5

Is FTX exchange safe for trading?

It has a magnificent security record. This gives It a solid notoriety and presence in the business. Anyway while they do have a magnificent security record, they are relative newcomers to this space, having just been around for a year or somewhere in the vicinity. Henceforth without experiencing the trial of time like different exchanges, I can't state that it is completely protected. Since FTX has been ranked in the top ten, I can say that FTX exchange is widely used now, maybe it is…

Pros
  • An enormous number of trading products.
  • High trading volume.
  • Right now situated top 10 exchanges on coinmarketcap.
  • It has lowest trading fees.
  • No record of hacks up until this point.
Cons
  • Relatively new exchange.
  • Some complain about customer support.