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❗️❗️❗️IMPORTANT NOTICE❗️❗️❗️
We do not recommend working with this exchange at the moment

FTX is a relatively young cryptocurrency exchange. It was launched in 2018 and became fully functional in 2019. At the moment, the exchange has two offices, with the main one registered in Antigua and Barbuda and another one especially for the US clients.

In a relatively short time, FTX has become one of the leaders, growing continuously and offering its clients new trading instruments, including cryptocurrencies, tokenized shares and futures. This is partially facilitated by the fact that Binance, the undisputed industry leader, is one of the platform’s investors.

According to coinmarketcap, FTX is among the top three most liquid exchanges. It provides access to trading the majority of the 537 trading pairs and 253 assets without any issues in terms of opening a position of practically any volume. The real daily volume is nearly USD 2 billion and that is an excellent indicator for the cryptocurrency market.

FTX Exchange Rating

When compiling this rating, we relied on specific facts and compared with other platforms, taking into consideration all substantial advantages and drawbacks.

Total score 8,4
Commissions 8
Security and regulation 8
Markets 9
Passive income 7
Deposit and withdrawal 8
Trading platforms 9
Analytics 8
Education 8
Customer support 9
Bonuses 8

FTX Pros and Cons

Any trading platform needs to be evaluated based on the aggregate of criteria. There is no ideal exchange and each has its drawbacks, but different aspects are important to different traders. Therefore, let’s look at the basic pros and cons of FTX.

Pros
Industry leader Binance is among FTX investors
Big list of trading instruments, futures and options
Well deliberated and realized exchange’s token FTT, which allows you to earn bonuses for staking
Referral program with good profitability
Quick deposit and withdrawal
Cons
Small leverage
Offshore registration

Basic information

FTX is a relatively young platform and there isn’t much information about it online. We have collected all key facts that will help you quickly learn all basic information about FTX:

Name FTX
Website www.ftx.com
Exchange type Centralized
Regulation FTX – offshore, FTX.US – USA, MSB and MTL
Taker’s fee 0.070 – 0.040%
Maker’s fee 0.020 – 0.00%
Demo account No
Minimum deposit No
BTC withdrawal limits No limits with full account verification
USD withdrawal limits $1,000 with minimum verification, no limits with full verification
Withdrawal in Fiat USD, EUR, GBP, CAD, AUD, CHF, HKD, SGD, ZAR, BRL
Time frame for account opening Quick registration within several minutes, full verification up to 2 working days
Author of the review
Alex Brown
Alex Brown

Alex Brown is a financial consultant and analyst with over ten years of experience. He has been an active trader in the cryptocurrency market since 2017. Brown specializes in building and diversification of investment portfolios.

“I am confident that the financial risks must be calculated mathematically, otherwise it’s not investing, it’s gambling,” he says.

FTX Commissions and Fees

8

Our assessment of the system of charging commissions and fees by the exchange is 8 out of 10. It is rather convenient and clear; there is no overload of conditions and combinations; it will not be difficult for a beginner to understand it. Let’s look at the pros and cons:

Pros
Rather low commissions
Simple mechanism of calculation of commissions and conditions
It is possible to reduce the fees, including through staking
Cons
A very high volume is required for substantial reduction of commissions and fees
The fiat withdrawal fee is $75 for amounts less than $10,000

FTX Trading Fees

Contracts in the futures and options market are traded commission free. It is a popular practice, but many platforms still make money on it. As for the spot market, FTX has a system of commission reduction depending on the trading volume:

Tier Monthly volume, $ Maker’s fee Taker’s fee
1 0 - 2 000 000 0.020% 0.070%
2 2 000 000 – 5 000 000 0.015% 0.060%
3 5 000 000 – 10 000 000 0.010% 0.055%
4 10 000 000 – 25 000 000 0.005% 0.050%
5 25 000 000 – 50 000 000 0% 0.045%
6 > 50 000 000 0% 0.040%

The indicators are rather good, but it is impossible to achieve 0% for the taker. Even so, the traders’ expenses remain at a very low level, one of the lowest among cryptocurrency trading platforms.

FTX non-trading commissions

FTX exchange does not charge a deposit fee or a conversion fee inside the exchange’s wallet or a fee for performance of out of exchange transactions (only wire transfers for an amount from $10,000).

Meanwhile, zero-fee withdrawal is only available for cryptocurrency and a small list of exceptions in the form of tokens:

  • ETH
  • ERC-20
  • Omni

If a client wants to withdraw fiat, the withdrawals up to $10,000 will be charged with a $75 fee, if you withdraw USD. For withdrawals in BRL, the fee is 0.3% of the amount and an additional R10. Creation and exchange of tokens is charged with 0.10% fee and an additional 0.03% is charged for administration.

Average commission compared to competitors

Let’s see the average commission charged by FTX and competitors.

FTX Binance Huobi Global
Taker 0.083% 0,08% 0,13%
Maker 0.053% 0,06% 0,13%

Based on the comparison, FTX offers rather good conditions, with the fees declining depending on the tier, while it is not difficult to achieve an average value of the commission.

Margin lending

FTX offers its clients leverage. Earlier, the traders could use leverage up to 1:100 in their trading, while now there is a limit of up to 1:20. This means that traders can use borrowed funds, which the exchange provides, to increase their trading orders. Reduction of leverage is viewed as a step towards improvement of stability of trading, as very high leverage led to serious, and most importantly, quick losses.

However, there is a fee for using leverage. The fee is calculated automatically based on the assets that the trader has, and borrowed funds are paid for at their own specific rates. Here are the main ones:

Currency Annual rate, %
USD 5.00
USDT 4.50
BTC 2.50
ETH 2.00
1INCH 80.00

FTX Reliability and Regulation

8

FTX exchange is registered in Antigua and Barbuda, which is an offshore jurisdiction. In addition, FTX.US is a separate company that has the MSB and MTL licenses for performing transactions with digital assets in the US. The official name of the legal entity is FTX Trading LTD; the address is not listed and the license number is not provided.

Despite it all, the exchange operates with good faith, requiring verification of accounts for enabling the services. In September 2021, a rumor was spread about the theft of bitcoins from a wallet of the platform, but it was not confirmed. The company takes special care of the security of the clients’ funds. As a part of the latest upgrades, which provoked the theft rumor, FTX distributed the funds among wallets in order to ensure a higher level of security.

The platform’s founder Sam Bankman-Fried is politically active. He supported, including financially, Joe Biden in his presidential race. You can say with a high degree of confidence that the political elite of the USA would definitely not be involved with “dirty” money.

FTX Markets and Products

9

FTX does not offer an amazing number of trading instruments, but the ones it provides access to are more than enough for the majority of traders. The exchange provides access to trading all popular coins, offers many pairs, various futures and even a ‘betting pool’ where you can bet on the result of an event. This is clearly not related to crypto, but it was worth mentioning such a feature.

Pros and cons of market diversity on FTX

Let’s review the pros and cons of the list of markets the exchange offers:

Pros
Large selection of trading instruments
Availability of futures with quarterly and perpetual expiration
Tokenized share are available
Cons
No long-term options
No exotic pairs

Tokenized shares are also not related to cryptocurrency, but many traders use this opportunity. Just remember how closely Elon Musk and his Tesla were connected to cryptocurrencies. Some people even analyze the correlations between the rates of the coins and securities.

FTX exchange offers access to trading tokenized shares that are backed by real securities. If desired, a client can exchange tokens of the shares he bought for real securities. A special organization CM-Equity, which holds a Germany license, deals with these kinds of transactions.

Trading digital assets for USD is another important aspect. This means that in addition to the popular stablecoin USDT, there is real USD here. At one time, there were rumors about possible collapse of USDT, as there is no certainly that it is really fully backed by fiat dollars. This was a topic of heated discussion, and therefore many traders and crypto investors have started to pay attention to this.

FTX Markets

Let’s now review the markets. There are rather many of them and they are divided by categories. There are the traditional ones and rather innovative ones. Below is the comparison of what FTX offers and what its competitors offer:

FTX Binance Huobi Global
Cryptocurrencies 284 395 584
Trading pairs 419 1682 1135
Bitcoin Yes Yes Yes
Etherium Yes Yes Yes
Altcoins Yes Yes Yes
Futures
and options
Yes Yes Yes
Cryptocurrency funds (a basket of cryptocurrencies in one lot) No No No
NFT Yes Yes Yes
*We used the latest available information in this review.

As you can see, FTX has fewer trading instruments than its direct competitors. However, it is common knowledge that the majority of traders don’t trade everything that the exchange provides access to. Usually, it will be several dozen coins. Therefore, the 253 cryptocurrencies available on the platform are more than enough to meet the needs of the majority of traders. The exchange is growing continuously, adding new instruments and providing an opportunity to buy and sell also recently emerged tokens.

Also non-fungible tokens (NFTs), which have recently become very popular, are available. They represent a kind of a digital artifact, the ownership of which is spelled out cryptographically. To put it simply, it is a digital certificate confirming the ownership of the token. It could be an image or an art object. The value of such a token can increase if the crypto society shows interest towards it.

FTX Markets
Cryptocurrencies – Spot

This is the key market both investors and traders are interested in. On FTX, the cryptocurrency market is represented by 537 pairs, which include many pairs of altcoin and bitcoin, cryptocurrencies and USD and USDT, and there is also Brazilian digital token BRZ. There are no exotic pairs where an altcoin is traded with another altcoin.

Overall, there is a good choice of pairs, including with fiat, which is important to many traders. If a trader is after the newest tokens, FTX is not the best choice. It is, however, suitable for portfolio investing.

Cryptocurrencies – Futures market

Futures market is fully represented on FTX. The traders can trade various futures and options here. There are 111 instruments available and the list continuously grows. There are futures of two types:

  • Quarterly.
  • Perpetual.

There are also options, a classic instrument derived from the stock market. Usually, it represents a certain trading condition, which a trader needs to meet in order to receive the ‘reward’, for example growth or decline of price to a specific point. You can buy options at FTX with the following conditions:

  • A specific price of an asset.
  • Achievement of specific volume.
  • Growth of volatility to a specific value.

Passive income on FTX exchange

7

FTX offers its clients staking of its token FTT. It is a rather interesting option, which implies ‘freezing’ of tokens and earning a profit. In other words, you buy FTT, stake it and over this period, you get a number of benefits:

  • The right to receive a share of the insurance fund of FTX. The profit depends on the circumstances, but even at minimum values you get more than 7% annual in tokens.

  • Reduced trading fees.

  • Increased referral rebate rates.

  • A possibility to withdraw ETH and tokens charged with a fee without paying the fee several times a day.

  • NFT-swag. In other words, participation in the draw of free NFTs.

  • Increased SRM airdrop rewards.

In addition, FTX regularly burns tokens, which has a positive effect on their value. This means that fiat is used to buy FTT, and the number of tokens decreases in the course of the platform’s functioning, which exerts deflationary pressure and leads to an increase in value.

FTX Referral program

The exchange offers a convenient and functional referral bonus program, which is also linked to staking. It operates on the following principles:

  • A referrer gets up to 25-40% of the fees of the new user who signed up with his referral code. This profit is generated from staking FTT.
  • A referral gets 5% of their fees back.
  • The exchange gets a new client.

Under the referral program, every new user gets their own referral link. They can use it to invite other traders. During the registration a sequence of 7 digits appears, which is a part of the link. Unfortunately, in 2020 the changes were introduced making the referral system a single-tier one. Another limitation that can be applied is stopping of the ‘rewards’ to the referrer six months after the registration of a new user.

The bonus amount changes depending on the volume of staked funds. For 0 FTT, the rate is 25%, and then it increases, reaching 32% for 1000FTT. The maximum possible value for referral bonuses is 40%, provided that 1,000,000FTT are staked. The company monitors any abuses, preventing the traders from registering new accounts by themselves. If a suspicion arises, the company may cancel all bonuses. Notably, the company also states that the referral bonuses are not guaranteed.

When a new user registers and starts working, all payments are performed within 72 hours; that’s the limit. Additional bonuses are possible, depending on the number of referrals of the client or other criteria. This, however, is done solely at the company’s discretion and is not regulated in any way.

Account opening on FTX

10

The process of account opening and verification on FTX is rather easy. You can quickly pass it and start using the account with limited features within 10-15 minutes. Verification takes some time, usually a couple of hours and on rare occasions – up to two working days.

Pros
Simple sequence of actions
You can start trading right after basic level of registration
Documents are usually processed fast
Cons
The company may ask for additional documents

Residents of which countries can trade at FTX

FTX is an international company and therefore the geography of its clients is rather wide. Nonetheless, there are a number of exceptions. The list of countries and regions the residents of which cannot trade on FTX is as follows:

  • Antigua and Barbuda
  • North Korea
  • Iran
  • USA
  • Crimea and Sevastopol
  • Cuba
  • Syria

At the time when this review was written, the residents of all other countries could open an account by default. In the case with US residents, the situation is simpler – they can work with FTX.US, which was mentioned above.

How to open an account on FTX:
a step-by-step guide

The registration on FTX is rather simple and won’t take much time. Let’s review it step by step.

Step
1

Click “Register” in the top right corner of the FTX website. www.ftx.com

The registration on FTX
Step
2

Fill in your email and come up with a password. Pass the anti-spam check.

Opening an account on the FTX exchange
Step
3

The account has now been created. Now head to authentication. Click on “Individual”.

FTX Identity Verification
Step
4

Provide your full name and country of residence. Then fill in your phone number, to which the text with the code will be sent, and your date of birth.

Verification on the FTX exchange
Step
5

After you enter the code, you will be assigned Level 1. This means that you can trade and withdraw cryptocurrency in the amount up to $2,000 per day.

Restrictions on the FTX exchange
Step
6

Next you need to start identity verification.

FTX Identity Verification
Step
7

Select a document and fill out the information. You will be offered to either use your mobile phone or the web camera to take a photo of your document.

FTX Exchange Documents

After you upload the documents, the verification process will begin. The registration process on FTX is not difficult and takes no more than 15 minutes.

Minimum deposit on FTX

Many platforms are currently moving towards removal of limitations on the minimum deposit. FTX is an example of such an exchange; the deposit can be of any amount. The competitors Binance and Huobi have similar practices. Transactions via Simplex will require at least $50. However, unlike FTX, the aforementioned exchanges limit withdrawal at the level of certain coins; it could be 0.001 BTC or 0.01 ETH.

FTX Account types

Certain account limits are formed depending on the scope of information the client provided. Let’s review the verification levels and the possibilities of the account they offer:

Level Withdrawal limit Specifics
1 None, you can also move within the website You only need to provide your email
2 $2,000 daily, up to $9,000 if your trading volume is high In addition to email, you need to provide your full name and country of residency, withdrawals only in crypto
3 Unlimited Requires full information – full name, address, passport, photo with the passport, etc. Withdrawals in crypto
4 Unlimited + fiat Proof of address and bank account, unlimited fiat withdrawals

Deposit and withdrawal on FTX

8

The exchange offers a wide range of deposit and withdrawal options. Let's look at fiat first, as it is the simplest way to deposit funds. FTX offers the following currencies:

  • USD – US dollar.
  • EUR – euro.
  • GBP – British pound.
  • CAD – Canadian dollar.
  • CHF – Swiss franc.
  • HKD – Hong Kong dollar.
  • SGD – Singapore dollar.
  • AUD – Australian dollar.
  • ZAR – South African rand.

There is also Brazilian digital real BRL. Now, let’s see cryptocurrencies; their list is rather long.

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Binance Coin
  • Litecoin
  • FTT
  • BitMax Token
  • BiLira
  • Stablecoins – USDT, USDC, TUSD

Withdrawals in USD are the fastest, as USD is the main fiat currency. The deposits and withdrawals are processed up to one day by the exchange, while other delays are usually related to the banks. It is possible to convert currencies in order to withdraw money in the one you need.

Notably, deposits in cryptocurrencies are not charged with a fee; it is also the simplest and most convenient method of deposit – it saves time and money. Withdrawals are the same, with the exchange processing transactions quickly. You won’t have to wait long.

Deposit and withdrawal options and processing time

Let’s review the information above as a table:

Method Processing time Fee
Cryptocurrencies Usually up to one hour, depends on the specific coin None, except for ETH, tokens ERC-20, Omni
Wire transfers 1-3 working days, processing by the exchange is up to 1 day $75 fee for amounts up to $10,000
Every coin has a different time of network confirmation, which the differences are related to. If a large amount is withdrawn from the exchange or if the transaction is sent on a day off, the processing of the request may take up to 6 hours. Overall, the choice and conditions are rather good, if you look at the average conditions offered by the exchanges.

Trading platforms on FTX

9

FTX offers a rather traditional choice of platforms for trading that doesn’t differ much from what the competitors offer. There is a certain set of features that is considered standard and very few exchanges deviate from it, at least from among the large trading platforms.

Pros
Works with TradingView charts
Big selection of order types
Trailing Stop is available
Cons
Old mobile applications are no longer supported
Comparative table of features

FTX exchange does not offer a desktop platform. However, taking into account the wide features of the browser version, there is no need for it. Mobile applications are identical for iOS and Android. Let’s review the three available platforms:

Web iOS Android
Two-factor authentication Yes Yes Yes
Time frame range From one minute to one month From one minute to one month From one minute to one month
Order types Full list, including Limit, Stop, Trailing Stop, Take, including Limit Basic set, containing Stop orders and limit orders Basic set, containing Stop orders and limit orders
Quote history Yes Yes Yes
Number of indicators Over 100 Over 30 Over 30
TradingView charts Yes No No
Trading platforms. Comparison with competitors

As we’ve already said before, FTX offers a standard choice of platforms. Let’s view this in the context of competitors:

FTX Binance Huobi Global
Web Yes Yes Yes
Android Yes Yes Yes
iOS Yes Yes Yes
Desktop No Yes Yes

As you can see, everything is the same except for the desktop version. It’s not that it is necessary, but it wouldn’t be bad to have one, especially when the competitors do. Maybe it will be launched later, although no plans have been announced.

FTX trading platforms
FTX trading platform specs:

First, let’s review the common features of all platforms of the exchange:

  • Two-factor authentication.
  • Full-fledged trading environment that allows traders to open and close trades on the instruments offered by the exchange.
  • Different types of charts – lines, Japanese candlesticks, bars.
  • Possibility to use indicators for analysis.
  • Chart features.

Now, let’s look at the differences. Web platform is more functional and has more features, including:

  • Wide choice of order types.
  • TradingView charts.
  • More indicators and a possibility to use original ones.

Mobile platforms for iOS and Android are completely identical. You can download them on GooglePlay and AppStore, and also on the FTX website.

Analytics on FTX

8

There is no analytics on the website of the exchange; it is largely provided on the FTX YouTube channel. It contains various videos, the most interesting ones being podcasts featuring well-known personalities from the cryptocurrency world. The following topics are discussed:

  • Current events and currency exchange rates.
  • Prospects of a project and specific coins.
  • Upcoming events, news and their possible impact on the rates.

You can’t say that there is a lot of information, but definitely more than other cryptocurrency platforms offer. Let’s review pros and cons:

Pros
Detailed analysis of news and events
Interviews with popular people from the cryptocurrency community
Cons
No text version on the website

Taking into account that the analytics is provided in the form of videos, it is not very convenient to use it, as it takes a lot of time to watch the videos. It is always longer than reading some short excerpts. Accordingly, it would be nice if FTX created a newsfeed and a calendar of events that may impact cryptocurrencies. Otherwise, independent analytics is available on the trading platform – there are many instruments for technical analysis.

Education on FTX

8

FTX publishes video tutorials on how to use the platform and work with cryptocurrencies. You can watch them on the official channel of the exchange. There is also a detailed guide on the website that can help a novice trader learn about the conditions and options of working at the exchange.

Pros
Detailed guide on the website
A channel with video tutorials
A rather large community within Quant Zone
Cons
No simple and clear step-by-step guide

Quantum Zone deserves special attention. It is a platform where anybody can share their trading strategy. It usually contains a full description: the direction of the strategy, conditions when you need to open a trade, levels of limiting losses and profit.

Customer support

9

Customer support operates at a high level. FTX specialists explain each step and action patiently and calmly and answer all questions. Their level of competence enables them to quickly and efficiently provide a detailed explanation on any issue.

Pros
Multilingual support
Quick solution of problems
Polite employees
Cons
Customer support cannot be contacted by phone
Communication channels

There are many ways for the clients to contact customer support, including:

FTX groups on Telegram:

Email: support@ftx.com

Website: www.ftx.com/support

Customer support languages

Due to its wide geography, FTX offers multilingual customer support:

FTX Bonuses and promo

8

FTX cryptocurrency exchange does not offer any bonus programs. There are no deposit, trading volume bonuses or other bonuses that are often used in the promo offers of other trading platforms. Some see that as a drawback, but there is a simple observation – either developing platforms or those who will soon shut down usually use this method to attract clients. Therefore, you can’t say that absence of bonuses is a drawback. FTX has simply grown to the level of a serious market player with a sufficient number of clients.

Summary

8,4

FTX cryptocurrency exchange cannot be titled as the industry leader. However, taking into consideration its young age and growth rates, it will definitely be on the top list. It is even possible that it will take the second spot on it after Binance. At the moment, the platform is universal and is good for:

  • Novice traders. It offers a simple and intuitive interface, high level of security and competent customer support, while availability of educational materials will help beginners learn the basis and specifics of the cryptocurrency market.
  • Professional traders. Trading conditions and an opportunity to reduce trading expenses along with the large list of trading instruments are everything experience speculators need to work. Diversity of derivatives, a possibility to trade with big leverage and low fees allow for efficient trading.

Meanwhile, FTX may not be suitable for the investors, who make up crypto portfolios of hundreds of coins, for one simple reason – the spot market does not offer such a big diversity as, for example, Binance. Investors work for the long-term goals and select the tokens, which could grow tens and even hundreds times. As a rule, these are rare tokens, new and promising altcoins that are unknown to the wider audience. And the earlier they appear at the exchange the better. Maybe FTX will catch up to the leaders by the number of cryptocurrencies in time, but this won’t happen for a while.

Reviews

3.8
13 reviews
Mike Carruth
69 days ago
ckets. Not fair. They blocked my whole account and I’m not allowed to withdraw my funds because the sender’s address is on their blacklist database. They ask weird questions that aren’t their business. I’ve already sent them all my information with documents scans. Their customer support is awful and the frequency of replies depends on their mood. My account is still under review (more than a week).
Pham Xuan
70 days ago
They have frozen my whole savings because of one transaction which is risk"exposure to be a high risk". And my transaction wasn’t a high risk. Which authority supervises this and is licensed to determine the degree of transaction riskiness? Where will my savings go? They haven’t responded to my ticket for a week already and blocked the ability to create new tickets. Not fair.
rektcapital
70 days ago
Great platform, easy to use, solid all around cryptocurrency exchange. Unfortunately ftx is not useful for UK regular users: staking and futures trading are not allowed, which makes this exchange a playground for whales. Also, you cannot immediately withdraw the purchased crypto, you will have to wait about two days. What you can do is to buy and hold coins that are not listed anywhere else.
m. sygula
71 days ago
I’ve been using this exchange for more than a year. It has zero withdrawal fees and with ftt staked I’m getting ‘0’ maker fees and ‘0’ withdrawal fees for eth once per 24h. And even without staking FTX has the lowest fees. I keep large amounts at the exchange, depositing and withdrawing crypto often and a lot and I’ve never faced any delay, but I haven’t tried bank deposits and withdrawals yet. My acc is verified (even for tokenized stocks), so maybe this fact is the reason for my good experience. FTX has become my preferred exchange.
T. Darwish
75 days ago
I made two SEPA withdrawals to my bank account. First one was instant and smooth but the second one has been held for 28 days and then returned back to my account. I’m happy to get my funds back but FTX definitely doesn’t deserve that trust I’ve had before. I do not recommend dealing with this exchange if you plan to withdraw your money regularly. They are not scammers, no doubts, but their withdrawal policy is way too bad.
memorex117
76 days ago
Worst and disappointing customer service I’ve ever experienced. Looks like they will not help you when it’s not in their benefit. I couldn’t get into my account and had no access to my wallet. To have an answer takes ages. That feeling when you’re totally dependable on their regime and mood.
just-a-dreamer
80 days ago
My opinion FTX is a pretty good trading platform. Fees are low for both spot and derivatives, the amount of pairs is good enough. Sometimes the take-profit doesn’t match the price properly, probably due to low volume, slippage, or some other technical reason. Therefore, I wouldn’t recommend scalping for less than 1% profit.
Ethan0387
81 days ago
I chose FTX exchange because of low commissions, friendly support service and ease of use: I didn’t experience any delays, neither with transactions, nor with withdrawals, nor with deposits. Support is awesome. Many thanks to the company’s employees for responding quickly and helping to solve all the difficulties.
Renate Koffrie
81 days ago
I’ve made a few deposits and they all took quite a long time, the latest one took 2,5 weeks to be credited to my FTX account. To be honest that was a wire transfer from one country to another but still. The speed of making deposits is a top priority for me, and with this situation the credibility of FTX has dropped dramatically.
Nikki Allers
83 days ago
Very sad to say, but stop losses are often not triggering. Support is not answering for days or just closing tickets. I will definitely switch to another exchange.
Jarek Zakrzewski
84 days ago
I was curious about FTX, at the same time I had some concerns. My interest aroused by a great variety of tools, assets, and additional features that are not available on many crypto exchanges. On the other hand, I read different reviews about trading on FTX, so I was confused. Few months of work made me feel secure about the FTX exchange. There are no problems with deposits and withdrawals, and verification was not that difficult as people say.
mmCrypto
89 days ago
It is one of my favourite exchanges since it has no withdrawal, trading and swapping fees. Best part is that KYC is not even mandatory too. Only downside is that they don’t have as much staking or making passive income from coins as compared to Binance.
NY times
89 days ago
This is the smoothest crypto exchange on the internet. I’m a hodler and happy with the platform. But be aware, there is a fake FTX exchange and a real one. The legit exchange has a blue logo. The scam one has a red logo on it and it will keep making variations to the site page. Withdrawal is impossible there.