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BROKER REVIEW

FTXUS

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December 7, 2021 | 

Jesus Guzman |  0 Comments | 

319 Views

INTRODUCTION TO THE FTXUS TRADING PLATFORM

Our Pick

Mimimum Deposit

$20

Crypto

currency
currency
currency
currency
currency
currency

Regulation

country

Our Score

9.2

Our Pick

Introduction to the FTXUS Trading Platform

FTXUS is a type of cryptocurrency derivatives exchange that is working tirelessly to not only build a strong foundation for itself but also remain competitive in the ever-changing crypto world. FTXUS has managed to establish strong relations in the crypto trading community and every single day. It generates higher volumes of trade.

In May 2019, Sam Bankman-Fried FTXUS founded the FTXUS trading platform. He intended to create a derivate exchange forum that would attract numerous traders by offering them unique and innovative products. Users on the ftx app benefit from the numerous features that the platform offers to them. FTXUS offers spot trading and allows traders to trade in wide varieties of fiat and cryptocurrencies such as:

  • Litecoin
  • Bitcoin
  • Ethereum
  • A selection of stablecoins

Key Features of FTXUS Platform

Here are some interesting features that FTXUS offers to its users.

1. FTXUS as an Emerging Platform

Even though FTXUS is an emerging crypto, it is impressively attracting a wide range of users all over its network. This trading platform can attract many users because of the wide varieties of trading products that are advanced.

2. It has Unique, Creative and Innovative Trading Products

FTXUS trading platform is also among the first to introduce unique, creative and innovative trading products that will easily catch the eyes of a trader. These unique products include MOVE contracts and leveraged tokens. The platform uses these products to distinguish FTXUS from other crypto trading platforms.

3. FTXUS is a Flexible Trading Platform

FTXUS is a flexible trading platform that considers both institutional and retail traders. It aims at retaining its traders by offering them benefits such as low fees, customer service support that is extensive, reliable trading features, solid spreads plus an OTC desk, Android phones apps, TradingView charts and an IOS. Therefore, ftx exchange reviews are positive thus attracting more traders.

4. It Facilitates Fiat Currency Transfers

FTXUS is a trading platform that allows users or account holders to carry out transactions in different currencies such as USD, AUD, GBP, CAD and EUR. You can either make direct bank transfers or use credit/debit cards when using the trading platform.

5. It Facilitates Stablecoin Settlements/Easy Conversions

In cases where traders have currencies that do not fall under the designated ones in FTXUS, they are free to convert them into currencies that they can use. The currency conversion process is easy and they can do it within their accounts and later trade them using one margin ftx wallet.

6. Extensive Customer Support Service to Traders

FTXUS focuses more on how it can create ways to retain existing customers and attract new ones by offering extensive customer support to its traders. FTX support offers many resources and features that facilitate easy navigation of account holders and other traders. Additionally, the platform provides chat groups to account holders in ten different languages.

7. FTXUS offers an Institutional Grade Service

The trading platform understands how vital it is for them to meet the needs of all the different types of clients on their platform. Bear in mind that the platform offers services to both retail and institutional traders. Therefore, to cater to the needs of their institutional clients, they provide them with high-quality features such as order books, OTC desks, liquidation funds, unlimited withdrawals and deep liquidity.

8. It allows up to 101x Leverage

The huge amount of leverage that the platform offers allows traders to maximise and extend the profit potential. It is also a great way they use to attract a huge customer base.

How to Open an Account on FTXUS

The registration process of FTXUS is quite simple and similar to that of other crypto exchanges. A trader will need to have similar requirements to that of other crypto exchanges such as Binance. It is more of Ftx vs Binance; therefore, here is a guide on how to open an account on FTXUS:

  • Once you open your ftx app, click on the register at the top right of the home page. Fill in the details of your emails and create a strong password to prevent cases of hacking.
  • The next step is ‘’sign up.’’ Register your account and then you shall receive a confirmation message in your email.
  • Once you are done, set up 2FA to secure your account. Click on account security and choose either Google authenticator or Authy.
  • The next step is how to deposit on ftx account. The process of depositing funds in your account is simple and it will facilitate trade. Users will notice that they only have a withdrawal limit of $1,000 until they complete KYC verification.
  • To complete the KYC verification process on the ftx app, you will visit the settings page and grab higher withdrawal limits.

Types of Products to Trade on FTXUS

FTXUS has a good team that works to identify any market gaps and offer services that will fill in the spaces. They do this by creating unique and innovative trading products for their users. Some of these products include MOVE contracts, futures, leveraged tokens and reliable prediction markets. Read on to find out extensive information on these products.

1. Leveraged Tokens as an FTXUS Product

Users on this platform enjoy a 101x leverage. However, users should know that the platform allocates maximum leverage of up to 10x on each account as a default setting to provide maximum security. Any user can get leverage easily since the platform provides over 45 different leveraged tokens. It also offers the BULL and BEAR tokens so that users can rebalance their exposure daily to prevent liquidation and maintain their leverage targets.

2. MOVE as an FTXUS Product

MOVE contracts function as futures and gradually depreciate and expire depending on the amount of raw BTC in a specified period, be it daily, weekly or monthly. Therefore, users can trade BTC regardless of the direction of the profit. Users trading on MOVE contracts will notice that BTC’s overall volatility set in a period is the main determinant of the contract’s value.

3. Spot Markets as an FTXUS Product

This product permits traders to purchase various popular cryptocurrencies such as BTC, TRYB, BTMX, XAUT, PAXG, FTT and ETH. They are also able to trade using traditional ways with the above digital assets.

FTXUS Fees and Charges

Traders on FTXUS are at an advantage because they do not need to pay any withdrawal or deposit fees. Users, too, are not subject to ftx fees charged on future settlements. As for institutional traders, there are no fees when trading OTC or within their wallets.

Users will only incur ftx fees when trading on leveraged tokens and that amounts to redemption fees of 0.10% and management fee, which is charged daily at 0.03%. Anytime a user decides to use the leverage of 50x, automatically, their trading fees increase by 0.02% and when they choose 100x leverage, the trading fees will increase by 0.03%. The trading platform charges these leveraged tokens fees on the user’s insurance fund.

It is important to understand that any amount of fees that the platform charges on MOVE contracts heavily relies on the underlying index’s price and not that of the MOVE contract. Additionally, users can enjoy fees discounts depending on the FTT holdings ranging from 3% to 60%.

Traders on this platform are enjoying the amazing offers on discounts and many other benefits. Even though it is a youthful platform, it attracts most crypto traders eager to use a derivative trading exchange platform. Through the ftx app, users get up to 101x leverage, unique and innovative products such as MOVE contracts, futures contracts and prediction in market tokens.

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