| 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 |
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 fiatcurrencies 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.
