FTX Review

Platform & Features

This platform has a lot of features. FTX markets themselves as "built by traders for traders" so when you make an account you will see lots of sophisticated features. But the user-interface is still easy to navigate, especially on the Pro App. Some features like tokenized stocks, the FTX card, and more are not available in every country, so keep this in mind. Here are FTX's key features:

Trading Dashboard

FTX has lots of features that advanced traders will find useful. This includes everything from charting tools and a customizable dashboard to margin and futures trading. You'll find many order types as well like limit orders, take profit orders, trailing stop orders, take profit limit orders, and more.

Cryptocurrency Selection

Users can trade around 190+ cryptocurrencies on FTX. The majority of the trading pairs are in USDT or USD. You will find most of the popular coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), DogeCoin (DOGE), and lesser known coins as well.

What Else Can You Trade?

• Tokenized Stocks
• Margin (up to 20x leverage)
• Prediction Markets
• Options
• Futures

Mobile Apps

FTX has two apps, the regular mobile app which is beginner-approved and FTX Pro which has all the same advanced features as the web app. Both are well designed, easy to navigate, and have positive reviews overall. FTX Pro has a perfect 5.0 rating on Google Play from 17k reviews but 3.8 stars on iOS with 180 reviews. The FTX app has 4.0 stars with 172k reviews on Google Play and 4.8 stars with 55k reviews on iOS.

Free Tokens for Trading

For every trade you make over $10, FTX will credit you with a random coin. Obviously, it wont be worth a lot but it’s a cool incentive for traders and they will have crypto deposited directly in their FTX wallet.

Earn Yield

Users can opt-in to earn 8% APY on assets up to $10,000 and then 5% on everything above $10,000 (max $10M). Interestingly, you can earn on any cryptocurrency or fiat currency that is supported on FTX. Yield is accrued and paid hourly. Funds are still available and tradable while earning. Official details can be found here.

FTX Card

NFT Marketplace

FTX launched a marketplace that supports both ETH and SOL NFTs. In Canada and around the world, users can display, buy, sell, and mint NFTs without incurring gas fees.

Other FTX Features:

• Referral program
• FTX Quant Zone
• FTX Pay
• IEOs (Initial Exchange Offerings)
• Trading competitions and events
• PnL History 
• Create Subaccounts
• API Keys Management
• FTX Foundation (1% of all net fees are donated to charity)
• Portfolio tracking feature where you can connect other exchanges like Binance, Coinbase, and KuCoin
• Recurring buys are available for users who want to dollar cost average into the market. 
• Customize your news feed and filter articles from 20+ media outlets
• Institutional Accounts

FTX Token (FTT)

FTT is the native token for the FTX crypto exchange and a top 50 coin on CoinMarketCap. It is an ERC-20 token and it can offer various benefits to holders. Holders can earn staking rewards, get discounts on trading fees, get free ERC-20 withdrawals, and more. The total supply for FTT is 350,000,000 and at least half of all tokens will be burned over time. Here are some official links where you can learn more:

• Official Whitepaper
• Etherscan: 0x50d1c9771902476076ecfc8b2a83ad6b9355a4c9 
• FTT Transparency Page
• FTT FAQ

Customer Support

FTX offers a help desk with articles and FAQs. If you need to contact someone, you can submit a ticket on their support page. Their customer support team is available 24/7 but there is no live chat or phone support available.

Company Background

FTX is a young company founded in 2019 and is already one of the biggest cryptocurrency exchanges in the world according to trading volume. The company says they are "built by traders, for traders with some of the lowest fees in industry."

Some Stats:

• Founded in 2019
• Headquarters in the Bahamas 🇧🇸
• Fastest growing crypto exchange in 2021
• Over 5 million active users
• 290+ employees according to LinkedIn

Who Can Use FTX?

FTX International is available in 180+ countries. You can view the restricted locations on their official website. USA customers can use FTX.US, which is an entirely separate platform.

Security

FTX is a safe cryptocurrency exchange with a great track record so far. They offer 2FA, many security features and have never had any hacks or incidents (founded in 2019). They are also one of the largest exchanges in the world by trading volume which adds more legitimacy.

⚠️ Although FTX is considered safe, 44% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.

Company Security Features

User Security Features