FTX.US is a US-based exchange that strives to be one of the most accessible, transparent and secure exchanges in the crypto space.
FTX.US has an easy to use interface with multiple currency support, including fiat currency conversion for traders who are new to crypto trading. All trades are executed through smart contracts so you can trade confidently knowing your funds will not be mishandled by human error or malicious attack.
The FTX token offers discounts on transaction fees as well as other perks for early adopters! FTX is looking out for their users’ needs by developing features like live chat customer service, market analysis reports and even educational content about blockchain technology and how it works!
What is FTX?
Cryptocurrency exchange FTX US is an exchange developed by traders for traders. FTX offers a wide range of special products, such as derivatives options, volatility products, and leveraged tokens that are market firsts.Source: tokenhell.com
It’s a completely new digital currency exchange in the United States, developed from scratch. In two years they want to make FTX US an established leader of this market by developing it further and providing American investors with another platform for financial investments while becoming devoted themselves through their devotion towards cryptocurrencies; It will offer BTC/ETH pairs along side other popular coins like LTC or BCH alongside USDT (USDT stands for Tether).
FTX US Trading Services
FTX US services vary from Margin trading to Advance Order types when it comes to trading on the exchange platform. As soon as money has been placed into a wallet, transactions on the platform are carried out with lightning speed.
Margin trading requires a minimum amount of assets. The spot rate on FTX US allows qualified customers to leverage up to 10x. It is possible to allow margin trading on your profile if your account is Margin Qualified (MQ). Your account will have enough Margin if you’ve completed this step and can place orders that demand more tokens than you have. Any negative amount you accumulate will result in you obtaining a loan and paying interest on that loan instantly and automatically. The loan will also be required for any pending requests over $300,000 per account that is over the account’s holdings
It is possible to immediately convert one spot asset into another without needing to utilize the trade book by using the conversion feature of the trading platform. Convert your tokens to fiat currency or vice versa with just a few clicks. Transforming is free. In addition, there is a spread and the price stated will vary depending on market circumstances USD, USDT, BTC, ETH, BCH, LTC, and PAXG may be converted.
A Subaccount lets you trade only with funds that have been transferred to it. There are no other options for trading or converting except to use the monies in the Subaccount. It’s helpful to have subaccounts if you’d want to split distinct tactics, traders, or positions from the rest of your portfolio.
Order Limits and Price Bands
If the order is greater than 25%, it can’t be forwarded to the other side of the book. Price caps are applied to orders placed too deep into the order book. This implies that a market order can only be partially completed if liquidity is poor compared to the order’s size. There is a limit to the number of pending requests per side of the coin.
Advance Order Types
In addition, FTX US supports Stop-Loss Limit, Stop-Loss Market, Trailing Stop and Take Profit Limit orders, as well as Take Profit Limit. Market price falls below the trigger price of a Stop-Loss sell order, and the order is dispatched. Orders to buy are issued when the market price falls below their trigger price, and orders to sell are sent when the market price rises above their trigger price.
They are similar to Stop-Losses, but their trigger prices vary as the market moves, thus they are called trailing stop orders. There are two types of orders: IOC orders that only accept, and Post-Only orders that only supply.
Limit, IOC, and Post-Only orders may not be completed if certain requirements aren’t satisfied. (Normal, Stop, Trailing Stop, Take Profit) Limit Orders may be executed at a price that is higher than your limit price. As a result, the actual size of a transaction is solely determined by the quantity of currency that you are transferring.
Use “Retry Until Filled” only after you’ve read and understood the material on it. An order’s fulfillment and pricing will rely on the equations and the sequence on FTX US, and by making an order, you take responsibility for its outcomes. FTX US has the right to refuse or cancel any order for any reason.
Fees and limits
Platform trading fees
FTX uses a tiered fee structure where the amount you pay depends on your 30-day trading volume. It also has a maker-taker model. You pay the taker fee on orders at the market price that are filled immediately and the maker fee on orders that aren’t filled immediately.
The above trading fees apply to unleveraged spot markets. Fees will vary when using leverage.
Deposit and withdrawal fees
The fees above are accurate as of 30 March 2021.
What cryptocurrencies are supported on FTX.us?
FTX has more than 270 cryptocurrencies available on its international platform, but FTX.US has a much smaller selection of just over 50.
They are all most popular coin in the market.
FTX.US prioritize security and have excellent track records to date.
FTX offers a comprehensive range of security and safety services for their customers. Two factor authentication is mandatory, but can be disabled by verifying with FTX; strong passwords are required to continue logging in without an account suspension or loss of funds from compromised accounts- additional measures include withdrawal address protection as well as IP whitelisting so your computer doesn’t get blacklisted too! Subaccounts allow you greater control over permissions than individual ones would permit on their own: there’s even insurance coverage if something does happen while using this service (FTXP + Chainalysis).
In addition, FTX offers the following security features:
- An automatic 24-hour withdrawal lock is placed on an account after a password change or the removal of 2FA.
- You can whitelist IP addresses so that only trusted IPs can access your account.
- You can whitelist wallet addresses so that withdrawals can only be sent to trusted external wallets.
- You can set up a separate withdrawal password that must be entered before withdrawals.
FTX US Interface
Users need to be able to browse exchange systems quickly in order to get the greatest potential investment experience possible. As a result, if it is not done effectively, it may dissuade investors from joining. FTX US delivers simple, extremely straightforward, and user-friendly technologies for both novices and professional virtual currency traders, regardless of their competence level.
In the center of the UI, you can view the transaction graphs that are included within TradingView, and several other statistics about the market. By right-clicking on the image, a user may set trading restrictions and cancel out trades. FTX US supports investors in retaining complete authority over their investments by offering a range of categories for entering and leaving transactions. In contrast to certain other high-volume trading exchanges, FTX US offers a broad selection of order classifications that will appeal to a diverse range of investors. For instance, limit orders, market orders, stop market orders, trailing stop orders, take profit orders, and market orders are all accessible.
The interface is sturdy and appropriate for a broad variety of clients, independent of the degree of experience. The trading interface on FTX US is interactive, and it provides trustworthy tools and software for trading all types of commodities.
For those who want to operate while on the move, FTX offers a mobile trading app for both Android & Apple smart phones. With the aid of “FTX US Pro,” clients may keep a close check on the markets and do transactions at any time and from any location with simplicity. There are over 10,000 people that have downloaded and utilized the app, which has a 4.7-star review on Google Play.
The FTX US app offers a full graph, trades, levels, and fundamental chart indicators, all of which are accessible for free. The FTX US app delivers the same functionality as the desktop software. It gives traders the chance to stay on top of market data and change their orders accordingly. Looking at your transaction history is another something you could do.Source: tokenhell.com
Relatively a new player, their software follows its mother company FTX. Constantly upgrading their UI to make it more user-friendly, especially the mobile app. The goal is to integrate trading on FTX.COM and FTX.US.
Frequently asked questions
What countries are supported by FTX US?
FTX US is intended for US residents.
Is there an FTX US app?
Yes, the FTX US app can be downloaded on the Apple App Store or Google Play.
What’s the verification process for FTX US?
The verification process involves providing proof of identity, address and other details.
What customer support does FTX US offer?
FTX US has an extensive Help section, while support can be contacted by email, social media or via Telegram channels.
The FTX.US cryptocurrency exchange is one of the lowest priced, fee-wise, on the market today and it’s also well-regulated by FINRA to keep your assets secure. If you want to trade without worrying about high fees for every transaction, then this might be just what you need. To get started trading with an account at FTX.US, click here!