FTX US-1234189917140

Note: FTX US's official site - https://ftx.us is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

It is also notable that FTX and FTX US have filed for bankruptcy and is currently not processing user withdrawals.

Aspect	Information
Company Name	FTX US
Registered Country/Area	United States
Founded year	2018
Regulatory Authority	FinCEN (Exceeded)
Cryptocurrencies offered/available	Around 60 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Chainlink (LINK)
Maximum Leverage	Up to 101x
Trading Platforms	FTX US website and mobile app
Deposit & Withdrawal	Bank transfers,Visa, Mastercard, ACH, Silvergate Exchange Network(SEN) and cryptocurrencies
Fees	Maker fee 0.1%, taker fee 0.4%
Customer Support	Email: support@ftx.us, contact us form, Twitter, Facebook

Overview of FTX US

FTX US is a virtual currency exchange based in the United States. It was founded in 2018 and offers a range of around 60 cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Chainlink (LINK). The exchange allows users to trade with a maximum leverage of up to 10x.

FTX US provides a user-friendly trading experience through its website and mobile app platforms. Deposits and withdrawals can be made in USD through Bank transfers,Visa, Mastercard, ACH, Silvergate Exchange Network(SEN) and cryptocurrencies.

It exceeds FinCEN regulation and the company filed bankruptcy and is currently not processing user withdrawals and new user filing. Interested traders should pay great attentions on this.

Pros and Cons

Pros	Cons
Wide range of cryptocurrencies for trading	Website inaccessible
User-friendly platforms (website and mobile app)	Restricted in certain countries
	Bankrupted

FTX US had several advantages that made it an attractive option for cryptocurrency traders. Firstly, the exchange offered a wide range of cryptocurrencies for trading, allowing users to diversify their portfolios and take advantage of various investment opportunities.

Furthermore, FTX US provided a user-friendly trading experience through its website and mobile app platforms. This made it accessible to a wide range of individuals, including both beginners and experienced traders.

On the other hand, there were some drawbacks to consider. One downside of FTX US was that it exceeded FinCEN regulation which raises concerns for some users.

The inaccesible website implies that there could be issues with accessing the platform, which is a significant disadvantage as it hinders trades, market analysis, and account management.

Additionally, the company is currently bankrupted which means it is facing substantial financial challenges, that's a major red flag as it impacts the safety of the user's assets. It means the platform may not be able to fulfill its obligations to its users, such as processing withdrawals, which can lead to substantial financial losses for traders on the platform.

Moreover, FTX.US is restricted in certain countries such as Cuba, Syrian, Arab Republic etc., limiting access for users residing in those regions and excluding individuals who may otherwise be interested in utilizing the platform for cryptocurrency trading.

Regulatory Authority

FTX US is not regulated by a specific regulatory authority. However, it is worth noting that the exchange adheres to regulatory requirements set by the Financial Crimes Enforcement Network (FinCEN). The exchange operates under the MSB (Money Services Business) license held by West Realm Shires Services Inc. The license number for FTX US is 31000162768253. The current status of the regulation is listed as “Exceeded”.

Security

The exchange utilizes various security protocols, including encryption to protect user data and two-factor authentication to enhance account security. Additionally, FTX US employs cold storage to store the majority of user funds offline, reducing the risk of hacking.

FTX US's security measures are designed to provide a secure trading environment. However, it is important for users to remain vigilant and take personal responsibility for their own security when using any cryptocurrency exchange.

Trading Markets

FTX US boats a diverse selection of approximately 60 cryptocurrencies for users to trade. Among the prominent digital assets available are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and Chainlink (LINK). This extensive range satisfies the preferences of a wide array of investors, providing them with opportunities to engage in trading activities involving major cryptocurrencies and ensuring a robust and dynamic trading environment on the FTX US platform.'

FTX US, beyond its core cryptocurrency trading platform, expands its offerings to include a diverse range of financial instruments. Traders on FTX US have access to futures contracts, options, and indices, broadening the scope of investment opportunities. These derivatives enable users to engage in speculative trading, allowing them to forecast and capitalize on future price movements of cryptocurrencies without the need to own the actual underlying assets.

Services

FTX.US also offers a comprehensive suite of services, including cryptocurrency margin lending and borrowing, providing users with opportunities to leverage their assets.

Additionally, the platform caters to large traders in the United States through its OTC market, offering personalized assistance, zero fees, and efficient settlement options.

This dual approach allows FTX.US to address both the needs of individual traders seeking advanced financial tools and institutional clients looking for a seamless over-the-counter trading experience within the U.S. market.

FTX US App

For crypto enthusiasts seeking a dynamic trading experience, the FTX.US Pro App emerges as a valuable tool. Tailored for day traders which is available on Web, Windows, MacOS and Android, the app facilitates seamless entry and exit from the cryptocurrency markets on the go.

With a user-friendly interface, FTX.US Pro App ensures that traders can execute transactions efficiently, even when away from their desktops. Packed with essential features, the app provides a comprehensive platform for monitoring, analyzing, and executing trades, empowering users to stay connected with the crypto markets and manage their portfolios with ease, enhancing the flexibility and accessibility of cryptocurrency trading on FTX.US.

Fees

FTX.US adopts a transparent fee structure to accommodate the needs of cryptocurrency traders. The platform charges a maker fee of 0.1% and a taker fee of 0.4%. This fee model aligns with industry standards and is designed to cater to both liquidity providers (makers) and those executing market orders (takers).

The balance between maker and taker fees creates a fair and efficient trading environment, attracting a diverse range of users looking for a reliable and cost-effective cryptocurrency trading platform.

Deposit & Withdrawal

FTX.US provides a versatile array of deposit and withdrawal methods to accommodate a global user base.

Users can fund their accounts through bank transfers, Visa, Mastercard, ACH, Silvergate Exchange Network (SEN), and various cryptocurrencies. Accepted fiat currencies include USD, EUR, GBP, AUD, CAD, SGD, HKD, TRY, ZAR, CHF, ILS, PHP, and RUB.

Notably, FTX.US offers a fee-free withdrawal policy, providing users with the flexibility to manage their funds without incurring additional charges.

This comprehensive range of payment options and the absence of withdrawal fees provides a user-friendly and cost-effective trading environment for its diverse clientele.

Educational Resources

FTX US offers educational resources and tools to assist traders in enhancing their trading skills and knowledge. The exchange provides a variety of educational materials such as beginner's guides, trading tutorials, and market analysis. These resources can be valuable for both beginners and experienced traders who are looking to improve their understanding of cryptocurrency trading.

Is FTX US a Good Exchange for You？

FTX US excels in the area of advanced derivatives trading, making it the best exchange for experienced traders seeking options, futures, and other complex instruments.

Below are some target groups that may find FTX US beneficial:

1. Experienced Traders: FTX US provides a user-friendly platform with advanced trading features such as leveraged trading options up to 101x, making it attractive to experienced traders who are seeking high-risk, high-reward opportunities. The exchange also offers a wide range of cryptocurrencies for trading, allowing experienced traders to diversify their portfolios.

2. Crypto Enthusiasts: FTX US appeals to crypto enthusiasts who are interested in exploring and trading various cryptocurrencies. The exchange offers a vast selection of cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as less common ones. This variety allows crypto enthusiasts to have access to a diverse range of digital assets.

3. Active Traders: FTX US is suitable for active traders who engage in frequent trading activities. The exchange provides user-friendly platforms, both on the website and mobile app, which is beneficial for traders who prefer to trade on-the-go. Additionally, the exchange offers various trading tools and educational resources that can help active traders make informed trading decisions.

4. Traders Interested in Derivatives: FTX US offers a range of derivative products such as futures contracts, options, and indices. These products allow traders to speculate on the price movements of cryptocurrencies without owning the underlying assets.

It is important for individuals within these target groups to thoroughly evaluate their own trading needs and preferences before deciding to trade on FTX US. It is also recommended to carefully review the exchange's terms and conditions, as well as any associated risks, before engaging in trading activities.

Conclusion

In conclusion, FTX US is a cryptocurrency exchange that offers a wide range of cryptocurrencies for trading and provides various trading options and features. The company announced bankruptch currently. It has a competitive fee structure and supports multiple deposit and withdrawal methods. It also provides educational resources and tools to assist traders in enhancing their trading knowledge and skills.

However, we still recommend individuals to carefully consider their own trading needs and conduct their own research before choosing to trade on FTX US or any other cryptocurrency exchange.

Frequently Asked Questions (FAQs)

Q: Is FTX US regulated well？

A: No. It only holds an exceeded FinCEN license.

Q: What are the trading fees on FTX US？

A: The maker fee is 0.1%, while the taker fee is 0.4%.

Q: What are the deposit and withdrawal methods on FTX US？

A: FTX US offers multiple deposit and withdrawal methods, including bank transfers and various cryptocurrencies such as Bitcoin and Ethereum.

Q: In FTX US, are there any restricted areas？

A: Yes, restricted countries including Cuba, Syrian, Arab Republic, Democratic People's Republic of Korea, Sudan, Islamic Republic of Iran, Antigua and Barbuda.

FTX US User Review

User1: Interface is sleeker than a sports car. It's modern, intuitive, and won't leave you scratching your head like a puzzled pup. Even if you're new to the crypto race, you'll be zooming through their platform like a pro.

User2: It's like a crypto buffet with all the fixings. FTX US serves up a variety of options, from the big players to some lesser-known gems. If you're hunting for a specific crypto dish, chances are they've got it on the menu.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.