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Ftx.com Cryptocurrency Exchange Review : Cryptocurrency Derivatives Exchange

About Ftx.com

Ftx.com is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX is a cryptocurrency derivatives exchange built by traders, for traders.  They strive to build a platform powerful enough for professional trading firms and intuitive enough for first-time users. FTX is proud to have partnered with many leading cryptocurrency firms, including.

Operating company

Exchange name Ftx.com
Support 24/7
Deposit Free
Futures trading Present
Transaction fee 0.5%
Referral  5%
Official site https://ftx.com

How To  Start With Ftx.com

To start trading with Ftx.com, Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Ftx.com website.

ftx.com

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Ftx.com account.

Trading fees

FTX has a tiered Fee structure for all futures and spot markets, as follows:

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Discount for FTT holders

In addition, there are fee discounts for holders of FTT.  The current discounts, based on your FTT holdings:

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Other fees

There are no fees on futures settlement.

The leveraged tokens have creation and redemption fees of 0.10%, and daily management fees of 0.03%.

Using margin of 50x or higher increases trading fees by 0.05%, half of which is paid to the insurance fund.

There are no deposit fees.  There are no withdrawal fees.

There are no fees on OTC trading or converting in your wallet; all costs are built into the price you are quoted.

Vip Program

FTX has a VIP fee program for high volume traders.

If you are a professional trader or trading firm that uses other platforms heavily, please reach out to us about our VIP program.

VIPs at FTX receive a number of benefits, including:

1) Lower fees

2) Account manager

3) Flexible API limits

4) A direct line with a senior developer for API questions

5) The ability to provide input to the products that FTX launches

6) The opportunity to participate in a Market Making program

The VIP fees are below.  Note that you will automatically become a VIP if you trade at least $100m/month.  VIPs do not generate referral fees from their account, though they can still refer other traders and receive fees for that.

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Referral 

Each user has a unique affiliate link.  If a new user signs up with your referral code, you will receive 30% of their fees, and they will get 5% of their fees back.When your referee uses your affiliate link to register, the refer code will be automatically applied.

Trusted and Secured: 

Ftx.com uses multi-signature authentication and “best in-class security” to keep your funds secure 24 hours a day. Funds are kept in secure offline cold storage wallets to prevent hacking.

Fast Customer Service:

Ftx.com puts a big emphasis on customer service, claiming they offer 24 hour response times and fast resolutions to your requests.

Is it safe to use Ftx.com?

CoinDCX enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.

The post Ftx.com Cryptocurrency Exchange Review : Cryptocurrency Derivatives Exchange appeared first on Coinworldstory.



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