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How to buy FTX Token (FTT) in the US

A beginner's guide to buying and selling FTT in the US.

FTX Token
FTT- USD
CENTRALIZED-EXCHANGE
$37.94
+$1.70 (+4.68%)

How to buy FTX Token

Look for an exchange that supports both fiat and cryptocurrency to simplify buying FTX Token.

  1. Open an account on an exchange that supports FTT.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy FTX Token.
  3. Buy FTX Token.
    Complete your FTX Token purchase and then find the best wallet to store FTT.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is FTX Token?

FTX is one of the world’s leading cryptocurrency derivatives exchanges. The exchange offers users a host of features, including futures, leveraged tokens and access to an over-the-counter (OTC) trading service.

FTX’s success in recent years has seen it become a go-to crypto investment platform for many institutional clients. The exchange's main competition includes other established exchanges such as Deribit, Binance, OKEx and Huobi.

FTT is the native cryptocurrency of FTX. According to the FTT whitepaper, the token is designed to be the backbone of the exchange and drive the platform forward. Initially designed for exchange rewards, the token now fulfils other functions within the ecosystem. VIP discounts are offered to users depending on the amount of FTT tokens held. Traders can use FTT tokens as collateral against futures positions and the token can also be used to provide liquidity to the exchange in return for rewards.

FTX Token (FTT) is the 33rd largest cryptocurrency in the world by market cap, valued at $3,993,554,199. The current price of FTX Token is $37.4, which is 3.825% higher than yesterday. Prices have ranged between $37.62 and $34.5 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 04:08 UTC.

Where to buy FTX Token

Find an exchange to buy, sell and trade FTT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Compare up to 4 providers

This guide provides step-by-step instructions on how to buy FTX Token in the US, lists some exchanges where you can get it and provides daily price data on FTT.

FTX Token at a glance

Information last updated August 05, 2021 04:08 UTC.
Coin symbolFTT
Total FTT supply337,226,228
Circulating FTT106,354,892
Current priceUS$37.4
All time highUS$63.12

FTX Token price performance over time

Historical prices compared with the price of US$37.4.

1 hour 0.46%
24 hours 3.82%
7 days 20.78%
14 days 44.17%
30 days 35.90%
60 days 7.69%
200 days 307.11%
1 year 956.83%

How to sell FTX Token

You can cash out your FTT with the same exchange you bought it through:

  1. Sign in to the exchange you have FTT on.
    If you store your FTX Token in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of FTT you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of FTX Token.

What to consider when buying FTX Token

Choosing to invest in a cryptocurrency associated with a reputable exchange could seem like a logical choice. However, it is extremely important to consider all factors. Here are a few things to consider before purchasing FTX:
  • Leadership team: FTX’s core team boasts well-known crypto personalities including Sam Bankman-Fried and Gary Wang, who are the project's founders. Prior to establishing FTX, Bankman-Fried served as a trader at Jane Street Capital and is also currently the CEO of Almeda Research. Wang has previously been employed by tech giants such as Google and Facebook. Both individuals are MIT graduates.
  • Operational design: According to the company whitepaper, FTT implements a host of novel features, including clawback prevention, a centralized collateral pool and universal stablecoin settlement. FTX claims that the token is ready to handle huge transaction volumes and will remain stable during periods of heavy market volatility. The token has a fixed supply cap of 345 million.
  • Stability-oriented design: Most crypto exchanges in existence today utilize collateralized assets that are spread out across a number of wallets. This can sometimes make it hard for traders to complete transactions. FTX derivative offerings are settled with stablecoins that only require the use of one universal margin wallet. Innovations such as these may improve FTX adoption, which could subsequently lead to more demand for the FTT token.

Coins similar to FTX Token (FTT)

Disclaimer: Cryptocurrencies, including FTX Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FTT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the FTX Token or any other cryptocurrency discussed.

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