The FTX exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang, but due to strict American regulations, clients from the USA were not allowed to use it, which lead to the launch of the FTX US exchange in 2020.
FTX.US 9 key point overview:
- ✔️Special features
- How to open an account
- How to buy crypto on this exchange
- What makes FTX.US special
|📅 Year Founded||2020|
|🏛️ Founder||Sam Bankman-Fried and Gary Wang|
|💳 Wallet||On-site wallet|
|👥 Clients||1 mil+|
|💰 Bonus||Referral reward and free coin when spending more than $10|
|🌐 Types of instruments||Derivatives|
👉 FTX US has more than 1 million users and is based in Chicago.
👉 In order to be approved by American authorities, FTX US had to acquire many licenses from different financial organizations and this company is also audited annually, which makes it one of the safest crypto exchanges in the world.
👉 With FTX US, you’ll be able to trade more than 50 of the most popular cryptocurrencies with low trading fees and you can also discover, buy, sell and create NFTs on the FTX US platform.
👉 FTX US also offers a Visa card that can be used at millions of merchants globally and is connected directly to your FTX account, which means that you can use crypto to pay for goods and services.
👉 Aside from being a safe and reputable broker for retail trading, FTX US also offers Whitelabel solutions and a VIP program, and you can also increase your earnings through the FTX referral program.
👉 Since there are so many merchants across the globe, and especially in the American States that accept cryptocurrencies as payment, FTX US offers a Visa card and a payment app that you can use to pay for goods and services or receive crypto payments in crypto and fiat currencies.
👉 With FTX Pay, you can either receive payments directly to your FTX account, or you can configure this widget so that payments are received in third-party wallets.
👉 The FTX Visa Card does not need to be connected to any bank account and is directly linked to your FTX account, so you can use the cryptocurrencies in your account to pay for goods and services at millions of merchants worldwide at no additional cost.
👉 FTX also offers a VIP program with 2 tiers and the VIP program gives you higher API limits, a dedicated account manager and customer support, access to exclusive VIP events and more.
You can also increase your passive earnings through the FTX referral program which rewards you with 30% of the fees that your referral pays and they will get 5% of those fees back.
👉 You will also get a free coin with every trade over $10 when you buy Bitcoin, Ethereum and any of the other supported cryptocurrencies.
👉 FTX US offers both a web trader and two mobile apps that you can use to easily manage your accounts and buy and sell cryptocurrencies.
👉 The apps can be downloaded for free from the App Store and Google Play.
👉 The official app is suitable for beginners, but you can also download the FTXUS Pro app for more advanced trading tools and in-depth charts.
👉 FTX has a native utility token called the FTT token.
👉 It is an ERC20 token that is used on the FTX cryptocurrency exchange.
👉 It can be used as collateral for futures trading and significantly reduces trading fees on the exchange, and can also be staked to earn interest, which gives users a chance to win unique NFTs.
👉 Unfortunately, the FTT token is not available on FTX US and will most likely not be listed on most US-based crypto exchanges.
How to open an account
Before you can start trading or staking on FTX.US, you need to create an account.
Step 1: Visit the FTX.US website
Visit the official FTX.US to start the process of opening an account
Step 2: Click on the “Create Account” button.
To open an account with FTX.US, open the home page and click on the “Create Account” button.
Step 3: Fill in the form.
You can sign up with your email address and you will be required to fill in your personal details. Once you have created your account, you must verify your email address or mobile number.
Once your account is verified and complete, you can make your first deposit and start trading!
👉 FTX US does not offer a proprietary hardware or software wallet, but you can store cryptocurrencies in your FTX account.
👉 However, we do recommend transferring your cryptocurrencies to your preferred third-party wallet for more flexibility.
👉 Some of the best wallets to use are Trust wallet, Coinbase wallet and Metamask.
👉 Trust Wallet is free to download and use, and supports a total of more than 160,000 coins and digital assets, which can easily be traded and managed directly from the wallet.
👉 The Coinbase software wallet supports more than 4,000 digital assets and offers a built-in dApp browser. It can be used to store NFTs and integrates seamlessly with the Coinbase exchange.
👉 The MetaMask software wallet can be used to conveniently buy, sell and trade cryptocurrencies using the built-in exchange and it allows you to connect directly to a variety of blockchain apps.
👉 If you want a higher level of security, you can use the Ledger or Trezor hardware wallets.
👉 The Ledger hardware wallet is available in the Nano S and the Nano X models and using Ledger Live, you can buy and exchange over 5,000 coins and tokens.
👉 This wallet offers secure offline storage, it is compatible with 50 third-party wallets, and can store up to 100 dApps.
👉 The Trezor hardware wallet is one of the most trusted crypto wallets with advanced password encryption.
👉 This wallet can be connected to third-party wallets, used with the Trezor app or be integrated seamlessly with Ethereum.
👉 Once you’ve created an account and linked your wallet, you can fund your account to buy some crypto and transfer it directly to your wallet using its SOL address.
How to buy crypto on this exchange
👉 Buying crypto on FTX US is easy. All you need to do is fund your account and head over to the exchange by clicking on the “ exchange” tab.
👉 You can also buy crypto using mobile apps.
👉 Now you have an account and your wallet is ready, but if you need assistance with anything else, you can contact the FTX.US support team or visit the help centre.
👉 You can also submit a web ticket directly from the website by scrolling to the bottom of the home page and clicking on “File a support ticket”.
What makes FTX.US special
👉 FTX US was founded with the goal of donating to the world’s most effective charities and over $10 million has been raised and donated to help save lives, uplift vulnerable communities and fight poverty.
👉 Whether it’s your first time buying crypto or you’ve been trading for many years, the FTX US apps are suitable for any type of trader and you can use the FTX visa card to pay for goods and services using cryptocurrencies at millions of merchants worldwide.
👉 We highly recommend checking out the FTX US NFT Marketplace. There are hundreds of unique, high-quality NFTs that you can add to your collections and if you feel like getting creactive, why not make your own NFT?