FTX Exchange Review – Is FTX Exchange Legit?

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FTX Exchange DEMO

FTX Exchange REVIEW

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Summary

FTX Exchange is a new breakthrough cryptocurrency derivatives exchange

Read 100% Free FTX Exchange Review by Scamorno Team

Details

System FTX Exchange
Website URL www.FTX.com/Exchange
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Overall Score 9.4/10

FULL REVIEW OF FTX Exchange

Are you interested about trading on the FTX Exchange and is this really a derivatives cryptocurrency exchange that you can trust your capital with and gain access to the best derivatives exchange features? FTX Exchange is an exchange that is designed to provide traders with a powerful platform suited for professional firms as well as beginner to intermediate traders. It is a crypto derivatives exchange built by traders who know exactly what traders are looking for. They are partnered with the biggest cryptocurrency exchange in the world, Binance.

Traders are able to trade a wide range of financial instruments including options, derivatives, leveraged tokens and volatility products.  Here is a brief summary of the main features of FTX Exchange:

Exchange Name

FTX

Trading Pairs

100+

Fiat Gateway

Yes (USD, AUD, GBP, EUR etc)

Leverage

Up to 101x

Trading Fee

-0.025% and 0.0075%

Withdrawal Fee

Crypto standard network fee

TP/SL Orders

Yes

Mobile App

Yes

Review Verdict: FTX Exchange is a legitimate exchange that works

Visit FTX Exchange Website

FTX review - See why traders are switching to this new cryptocurrency derivatives exchange - HaasScripts.com

What Is The Use Of FTX Exchange’s Token, FTT?

Limited at a supply of 350 million, the FTT Token was launched for use on the FTX Exchange in July 2019. Currently, 175 million of FTT tokens have been issued, with the remaining planned to be unlocked over the next 3 years.

The FTT token can be purchased directly from the FTX Exchange. Built on the Ethereum blockchain, the FTT token serves as a utility token on the FTX ecosystem, with the option for trading spot FTT against USDT and BTC. Holding the FTT token gives its holder the following main benefits:

  • Exchange fee discounts
  • Stakers of the FTT token can gain a higher rate of referees’ fees
  • Get more airdrop rewards
  • Get bonus votes on polls
  • Get a higher limit on the number of ETH withdrawals per day
  • Waive blockchain transaction fees

What Are The Main Features Of The FTX Exchange?

  • Options

Options Explainer – FTX Exchange

FTX Exchange currently only supports Bitcoin options, and users can choose to design their own options contract or request a quote from the exchange

  • Futures

FTX Exchange Lists WallStreetBets Futures to Capitalize on Investing Movement - CoinDesk

Leverage on futures can be applied up to 101x on a majority of the platform’s derivatives contracts. With these instruments, the associated parties will trade specific assets at a pre-arranged price and date with obligations as stated by the futures contract.

  • MOVE Contracts

FTX MOVE Contracts - How Do They Work and How To Trade Them - BlockNewsAfrica

This is a unique volatility product available on the exchange, which represent the amount that an asset moves in a set period of time. Its valuation will be based on the movement of the asset’s volaility, i.e. the MOVE contract will be worth $200 if the token moves $100 over a one day period, or whichever duration that contract states.

  • Leveraged Tokens

What are FTX Crypto Leveraged Tokens (2020 Ultimate Guide)

These are ERC20 tokens that reflect the real-world price of the underlying asset and are unique to the FTX exchange.

  • Spot Markets

These markets allow traders to trade the real asset and not a financial instrument holding the underlying value of the asset.

Spot Markets
Spot Markets

  • BVOL Tokens

BVOL Tokens – FTX Exchange

These are ERC20 tokens that track the volatility of the cryptocurrencies. It is backed by the FTX platform and get their price action using the FTX MOVE contracts and BTC perpetual contracts.

  • Prediction Markets

TRUMP-2024 Prediction Market Live on FTX – FTX Exchange

Rather than trading financial assets, this unique market allows traders to speculate on the possible outcomes of real-world events and basically act like a traditional betting set-up.

Review Verdict: FTX Exchange is a legitimate exchange that works

Visit FTX Exchange Website

Derivatives Trading With FTX Exchange | by 3Сommas Blog | Medium

Consumer Fraud Alert Regarding FTX Exchange

The success of FTX Exchange has given rise to many frauds who try to sell their own fake websites in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are subscribing and should do some research before they join any website. To spot these, watch out and avoid sites that claim to write about FTX Exchange, yet the writeup is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other website other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy join the site from the official website here – http://FTX.com/ExchangeOfficial (link opens in a new window). The official website that they have includes the legitimate exchange website.

Conclusion about FTX Exchange

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