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How to buy FTX (FTT) in the UK

Learn how to buy FTX (FTT) in our step-by-step guide.

Where to buy FTX in the UK

It looks like FTT may not be available to purchase on an exchange in the UK.

You can still purchase FTT by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase FTT using a decentralised exchange.
  1. Find FTT on a decentralised exchange and make sure FTX can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for FTT using an exchange like CoinJar. You will need to purchase enough ETH to swap for FTT as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for FTT on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the FTT tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best FTX wallets to store your FTT

You can keep your FTT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your FTT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

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. Read the full story here.
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.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is FTX a good investment?

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 centralised 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 utilise collateralised 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.

Additional information about FTX can be found using our FTT analysis tools.

Today's FTX price versus ATH

Compare today's price of FTX ($1.016 USD) against its all-time-high price of $84.18 USD on 09 September 2021. The closer the bar is to 100%, the closer FTT is to reaching its ATH again.

FTX's price: $1.016
ATH date: September 09, 2021
1.21%

FTX ATH: $84.18


How to trade, convert or sell FTX

You can convert or sell your FTT with the same exchange you bought it through:
  1. Sign in to the exchange you have FTT on.
  2. If you store your FTX in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of FTT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of FTX.
  6. Complete your transaction and move your FTT to a wallet for storage.
  1. FTT whitepaper
  2. Coinmarketcap
  3. Data by CoinGecko

* 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.

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