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FTX US review 2023

Trade a wide range of cryptocurrencies with competitive fees on FTX US, a fully-licensed and regulated crypto exchange built for US residents.

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Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

FTX has filed for bankruptcy

FTX and FTX US have filed for bankruptcy as of November 11, 2022. The exchange has paused withdrawals and is no longer onboarding new customers. It's unclear what will happen to these funds. We will update this page as more info comes in. Compare alternatives to FTX.

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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.

3

Finder Rating

★★★★★

Pros and cons of FTX US

Pros
  • NFT marketplace
  • Advanced features
  • Fully licensed and regulated
Cons
  • Not available in New York
  • Fewer cryptocurrencies than some competitors
  • Limited customer service options

About FTX US – company history and background

FTX US landing page

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.

Popular assets on FTX US
FTX US supports
Avalanche (AVAX)
FTX US does not support
Binance USD (BUSD)
FTX US supports
Bitcoin (BTC)
FTX US does not support
BNB (BNB)
FTX US does not support
Cardano (ADA)
FTX US does not support
Cosmos Hub (ATOM)
FTX US supports
Dai (DAI)
FTX US supports
Dogecoin (DOGE)
FTX US supports
Ethereum (ETH)
FTX US does not support
LEO Token (LEO)
FTX US does not support
Lido Staked Ether (stETH)
FTX US does not support
Polkadot (DOT)
FTX US supports
Polygon (MATIC)
FTX US does not support
Ripple (XRP)
FTX US supports
Shiba Inu (SHIB)
FTX US supports
Solana (SOL)
FTX US supports
Tether (USDT)
FTX US supports
TRON (TRX)
FTX US does not support
USD Coin (USDC)
FTX US supports
Wrapped Bitcoin (WBTC)

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.

Deposit methods
  • Bank transfer (ACH)
  • Cryptocurrency
  • Wire transfer
  • Credit or Debit Card
  • Silvergate Exchange Network (SEN)
  • Signet

FTX US deposit and withdrawal fees

Transaction type Fee
Deposit funds ACH: Fees vary
Wire transfer: Free
Credit or Debit Card: Fees vary
Withdraw funds ACH: $1.50 per withdrawal
Wire transfer: Fees vary
Credit or Debit Card: Fees vary

FTX US trading fees

Type Fee
Maker 0-0.10%
Taker 0.06-0.20%

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.

How to sign up on Crypto.com

  1. Register a new account
    Click the link below to register as a new user. Enter your email address in the field provided and create a unique password for accessing the site. Agree to the terms of service and click the button displayed to create your account. Alternatively, sign in with your Google account.
  2. Verify your identity
    In order to comply with regulations, FTX.US will ask some questions to verify your identity via the know-your-customer (KYC) process before you can trade on the platform. You must enter your full name, date of birth, country of residence, current street address, social security number and phone number before continuing. You'll receive a code sent in an SMS text to the phone number you submitted. Enter the code into the field provided.
  3. Access your account
    When your identity has been verified, you will have full access to your account. Enter the email and password you provided in step 1 to log in to the platform. Congratulations, you are free to trade on the platform.

About the FTX US app

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

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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

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,456+

Price (USD)

$149

Price (USD)

$219

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.

Google Play ratings and downloads2.95k ratings, 5 stars, 100K+ downloads
Apple Store ratings and downloads662 ratings, 4.2 stars

How to reach FTX US customer support

  • Contact us form
  • Email
  • Facebook page
  • Live chat (bot)
  • Telegram
  • Twitter

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