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FTX Exchange DEMO
FTX Exchange REVIEW
FTX Exchange Preview: (to pause video, simply tap/click on it)
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 |
Trial | Start Trial |
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
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
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
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
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
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.
- BVOL Tokens
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
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
Consumer 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.