Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
FTX (FTT) is a typically-volatile cryptoasset, capable of major price swings in a single day. As of 9 January, FTT is trading for $2.64 (£2.15), an increase of 0.51% against $2.63 24 hours earlier. Over the past year, FTX's price has seen an increase of 9.14%.
How to buy FTX in 4 steps
Compare crypto exchanges
The easiest way to buy FTX is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit funds using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy FTX
You can now exchange your funds for FTX. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking "Buy". If you like, you can now withdraw your FTX to your personal wallet.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
"Top picks" are those we've evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a "Promoted Pick", it's been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
Where to buy FTX
Find an exchange to buy, sell and trade FTX by comparing deposit methods, supported fiat currencies and fees. Select "Go to site" to sign up directly with the exchange.
1 - 5 of 8
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Fees, features and asset-support across the most popular platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange – simple.
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These exchanges cover a wide range of cryptocurrencies, but we can’t guarantee they’ll all offer this coin.
Is it a good time to buy FTX?
Only you can make the decision about when is the best time to buy FTX. However, here are some things to consider as part of your research.
Take a look at the fundamentals of FTX. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how FTX works and how much risk is involved.
Also consider how has performed so far. Our charts below show you FTX's performance over time as well as its all time high.
This price chart helps you to see how FTX is performing against a fiat currency like USD. It shows the opening, high, low and closing prices for each period and is a visual representation of FTX range within that period.
FTX price chart
FTX at a glance
Information last updated 9 January 2025, 05:01 UTC.
Coin symbol
FTT
Total FTT supply
328,895,104
Current price
$2.640000
All time high
$84.18
All time high date
9 September 2021
Notable team members
Sam Bankman-Fried
Partnerships
MLB, Paxos, Nerd Street Gamers
Industry
Centralised exchange
Token uses
Platform discounts, utility token
Network
Ethereum
FTX price performance over time
For a more in-depth view, this chart shows you how FTX has performed over time. You can see historical prices up to 1 year previously.
Historical prices compared with the price of $2.64 at 9 January 2025, 05:01 UTC.
1 hour
-0.60%
24 hours
0.51%
7 days
-32.02%
14 days
-29.16%
30 days
-3.07%
60 days
38.44%
200 days
90.30%
1 year
9.14%
What is the current price of FTX versus it's all time high?
Our chart to tracks how FTX has performed in the last 24 hours and compares it with its all time high. You can see where the current price sits in comparison to the last 24 hours, as well as what today's price is vs its peak.
FTT price last updated 9 January 2025, 05:01 UTC.
$2.58 (24h low)
$2.89 (24h high)
$0
$84.18 (9 Sep 2021)
Recent FTX developments
November 2022: FTX continues to freeze most user withdrawals. The exception to this a specific list of assets related to the Tron blockchain which can be withdrawn in limited quantities. This is a result of controversial Tron founder, Justin Sun. Read more for a list of steps you can take if you're an FTX user. November 2022: Binance has walked away from the proposed FTX deal citing unresolvable issues with the company's situation. FTX is still looking for ways to fundraise additional capital through investment or a sale of the company and its assets. User withdrawals are currently paused November 2022: FTX CEO Sam Bankman-Fried announced that the FTX exchange would be acquired by rival exchange, Binance. The news followed a reported liquidity shortage for the exchange. December 2021: FTX US announced its user base has doubled through the fourth quarter of 2021. December 2021: Digital payments solution Nuvei Corporation partnered with FTX.com to provide the exchange's user base new instant payment options. December 2021: Popular NBA team Golden State Warriors announced a ground-breaking partnership with FTX US. The Golden State franchise will use the exchange to mint NFTs in an attempt to enhance fan engagement.
FTX to USD and GBP calculator
Our calculator works out how much FTX would be worth in USD and GBP, depending on how much you hold or are looking to purchase.
FTT price last updated 9 January 2025, 05:01 UTC.
Frequently asked questions
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.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
This guide provides step-by-step instructions on how to buy Arbitrum, lists some exchanges where you can get it and provides daily price data on (ARB).
Learn how to buy Litecoin in the UK with our simple step-by-step guide and tips on what to know before you get started.
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