THELOGICALINDIAN - FTX is a cryptocurrency barter that lets users buy advertise and barter accurate bill FTX additionally provides crypto loans and borrowing as able-bodied as admission to leveraged tokens and NFTs as able-bodied as trading challenges and leaderboards
FTX additionally supports over 300 coins, with added actuality advised and added on a approved basis.
To see if FTX is a solid another for crypto investors and traders, we looked at their platform, fees, user experience, chump support, accessible coins, and more.
Pros:
Cons:
For atom trading, FTX provides over 300 coins, some of the assets accurate on the barter include:
FTX trading appearance accommodate atom trading, additional options and futures trading with leverage, beneath are the appearance declared in detail.
Spot Trading:
You can barter FTT, BTC, and added cryptocurrencies on FTX’s atom markets, which accept a agnate interface to futures. It offers about 100 audible atom trading pairs in total.
Meanwhile, its American accessory offers about 60 cryptocurrency and bill atom trading pairings, as able-bodied as options affairs denominated in 0.01 Bitcoin and 0.1 Ether crypto swaps.
Bitcoin mini futures are additionally accessible on the platform.
Futures:
Traders accept admission to allowance trading with up to 101x leverage. There are over 100 annual and abiding futures pairings on the platform.
Options:
Traders can use a array of alarm and put options to brainstorm on approaching amount administration and barrier adjoin accessible positions.
Call and put options accommodate the holder the appropriate but not the obligation to buy or advertise at a approaching bang price.
Traders can use advantage to continued or abbreviate options; at expiration, the futures arrangement settles to a dollar bulk according to the cessation price.
MOVE:
Traders can use these contrasts to adumbrate how abundant the amount of bitcoin will move over time. A allowance based on the amount of the basal basis is appropriate for anniversary MOVE contract.
The college the predicted movement of a product, the added airy it is. The costs levied on MOVE affairs are commensurable to those levied on the basal atom market.
The maker/taker fee anatomy at FTX is tiered, and trading costs are abased on 30-day transaction volumes. Platform fees are bargain for holders of the FTT token.
Below is a table account the maker/taker fees on the platform:
Platform fees are bargain for holders of the FTT token. The afterward are the altered levels of discounts:
FTX users may be answerable abandonment fees, as able-bodied as costs for trading or bearing leveraged tokens, in accession to trading fees.
FTX offers industry-standard aegis features, including the following:
FTX alone offers chump abutment via an online admission system, email and Telegram chat. The boilerplate time it takes for a affiliate of FTX’s agents to acknowledge to a abutment appeal is not specified.
Here’s how FTX compares adjoin another cryptocurrency exchanges:
FTX vs Binance
Both FTX and Binance are cryptocurrency exchanges with bargain costs back compared to their competitors. Binance, like FTX, offers a accomplice barter for US citizens alleged Binance.US.
However, there are some key distinctions amid the two systems, such as:
FTX vs Coinbase
FTX and Coinbase are two of the best accepted cryptocurrency exchanges in the apple (by volume).
Both accommodate admission to hundreds of cryptocurrencies and abode a able accent on aegis to assure users’ funds from fraudsters.
Here are the differences amid the two:
Advanced crypto traders who appetite admission to leverage, futures, and acquired products, as able-bodied as actual low trading fees, should accede FTX.
FTX additionally offers a assorted ambit of cryptocurrencies, with new ones added anniversary month. However, the trading interface on FTX is not for beginners, and new users may feel overwhelmed.
