FTX US review 2023

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SoFi Invest Crypto		Bank transfer (ACH), Wire transfer, Rollover or personal check	USD	30 cryptocurrencies	Win up to $100 in crypto with a qualifying first trade Instantly purchase a handful of leading cryptocurrencies with the SoFi app, which also insures your coins against potential hacks or theft.	Go to site View details	Compare	loading Fetching your data...
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Our take on FTX US

FTX US is a subsidiary of FTX, one of the largest crypto exchanges in the world by trading volume.

The feature-rich exchange was built by traders for traders.

It's user interface is a bit complex and more suited for advanced users, as it features enhanced charts and an order book flow section.

The exchange also offers a host of crypto derivative products as well margin trading. Again, though, these products are best suited for experienced traders.

One downside to using FTX US as compared to FTX is that you won’t find FTT - FTX’s native crypto token - on FTX US. This means you won’t be able to use the token to pay for and, in turn, reduce your trading fees.

• Ratings methodology - how we rate FTX US

  Supported cryptocurrencies	★★★★★
  Transferring money or assets	★★★★★
  Fees and costs	★★★★★
  Ease of use	★★★★★
  Customer service	★★★★★
  Features	★★★★★
  Staking/earn	★★★★★
  Trustworthiness/security	★★★★★

  • How we rate our crypto exchanges and platforms

    Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.

    Our rating and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.

About FTX US – company history and background

FTX is an international crypto exchange launched in 2019. The platform is known for its derivatives, options, volatility products and leveraged tokens.

Due to regulatory pressures, the FTX US platform was launched for US residents in 2020. FTX aims to gain US traders with its licensed and regulated platform.

Compared to some competitors, FTX US offers a reduced number of cryptocurrencies. Still, with its full-featured interface, the platform remains a good choice for beginning and advanced traders alike. Finder’s FTX US review will guide you through everything you need to know to get started with the exchange.

Listed FTX US crypto exchange assets

FTX US supports over 28 cryptocurrencies, but some notable assets are missing. Namely, Binance USD, BNB and Cardano, which are in the top 20 cryptos by market cap. In total, 11 of the top 20 cryptos are available on FTX US.

• See all FTX US crypto assets

  • BTC
  • ETH
  • BCH
  • LTC
  • TRX
  • USDT
  • MKR
  • DOGE

  • BAT
  • LINK
  • DAI
  • UNI
  • MATIC
  • ALGO
  • BRZ
  • WBTC

  • PAXG
  • SOL
  • CUSDT
  • YFI
  • AVAX
  • SUSHI
  • AAVE

  • NEAR
  • GRT
  • SHIB
  • KSHIB
  • HBB
  • ETHW

FTX US fees

The fee structure is clearly laid out by FTX US and is made available through the support module. Fees can be incurred for the deposit and withdrawal of fiat. They may also be charged for the withdrawal of cryptocurrency on the platform.

For fiat transfers, a $.50 fee is charged for ACH deposits. However, you aren’t charged for your first deposit or if the deposit is over $100.

Wire transfer withdrawals below $5,000 are free on a once-per-week basis. They are also free when larger than $5,000. Multiple withdrawals under $5,000 occurring in the same week can incur a $25 charge.

Crypto deposits are free. Further, FTX US pays the withdrawal fees for some cryptocurrencies. However, blockchain fees incurred from the withdrawal of ERC20, ETH and OMNI tokens are not covered by the exchange.

FTX US deposit and withdrawal fees

FTX US trading fees

Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.

Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.

About the FTX US app

The FTX US app can be downloaded on the Apple App Store or Google Play.

Is FTX US exchange safe?

• Past hacks. No hacks of FTX.US have ever taken place.
• Security audits. FTX.US has a few advanced security features available on the platform. These include 2-factor authentication (2FA) and the ability to whitelist IP and wallet addresses. In 2021, FTX.US passed the US Generally Accepted Accounting Principles (GAAP) audit. GAAP checks for standards and procedures outlined by the Financial Accounting Standards Board (FASB).
• Insurance. Crypto held on FTX US is not insured. Under the terms of service, you must agree that assets in your FTX account are not covered by the Federal Deposit Insurance Commission (FDIC) or Securities Investor Protection Corporation (SIPC). However, fiat transferred to the platform is held for your benefit in FDIC-insured banks by FTX.

Keeping your crypto secure

All centralized exchanges, including FTX US, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet	Trezor Model T Wallet	Ledger Nano S Plus Wallet
Go to site	Go to site	Go to site
Supported assets 5,500+	Supported assets 1,456+	Supported assets 5,500+
Price (USD) $149	Price (USD) $219	Price (USD) $79

See more of the best crypto wallets

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FTX US customer support and reviews

FTX US doesn’t have the best reputation when it comes to customer support. The exchange has limited contact features, with a ticketing system listed as the fastest way to connect with the team. Reports of unreasonably long wait times for email responses are common.

The platform does offer a series of well-developed articles through its help center, however. Customers can also attempt to get support through the company’s verified social media outlets.

How to reach FTX US customer support