Top Five Things to Know About the FTX Exchange

Things to Know About the FTX Exchange

As a crypto trader or investor, you are likely to come across the name FTX exchange. This is one of the derivatives trading platforms that has risen through the ranks in a short amount of time. Its impressive features and the availability of various leveraged tokens and indices make it one of the most prominent exchanges in the market.

Another factor that highlights the significance of the FTX crypto exchange is that crypto traders developed it for crypto traders, which is quite rare. It was built as a powerful and versatile platform for crypto traders. However, you should know a few other factors before you choose it and start buying or trading crypto.

Here are some details of the FTX crypto exchange you should know and determine if it is a stand-out option for you or not.

FTX Exchange – Analysis Tools and More

Since FTX is a trading platform, it features some analysis tools that help the traders in carrying out technical and fundamental analyses on all crypto pairs supported by the exchange. This is one of the reasons why many crypto traders choose to use FTX for trading crypto assets.

The in-built tools and features help the traders in creating a unique portfolio. Here are the analysis tools to know about in this FTX exchange review.

  • Availability of conditional orders
  • Availability of limit orders
  • Availability of price alerts
  • Creating custom tools and indicators
  • Importing custom tools and indicators
  • New services delivered to the users
  • Numerous in-built charting analysis tools
  • Option to check all closed positions of a trading account
  • Option to check order history
  • Several in-built indicators

Impressive Fee Structure

FTX exchange fees are undoubtedly one of the most important factors one needs to consider before choosing an exchange for crypto investing or trading. The fee structure of exchange can help you determine more clearly if a platform is secure and suitable enough for you to use or not.

This is because not every platform has a transparent fee structure, and instead, they include hidden and additional charges. Therefore, you should know that FTX exchange is known for having one of the best fee structures. It charges competitive trading fees, but they do vary based on the asset class and market type chosen by the crypto traders. The fee charged by FTX is also based on the market maker and taker model. The details of the fee charged by the exchange are mentioned below.

  • Daily maintenance fee: 0.03%
  • Market maker fee: 0.02%
  • Market taker fee: 0.05%
  • No deposit fee
  • No withdrawal fee
  • Redemption and creation fee: 0.10%

One of the Highest Leverages Offered

Leveraged trading is quite easily accessible to crypto traders these days. However, trading with leverage is a serious trading strategy that needs to be fully understood by the traders before they start practicing it.

Leveraged trading enables people to borrow funds from brokers to place big trades. This increases the chances of getting big profits and huge risks side by side.

The FTX exchange is one of the platforms that support leverage trading and offers one of the highest leverages in the crypto market, which is up to 101x. People who are interested in margin trading are quite attracted to the platform because of this.

Safe Exchange

The safety and security offered by exchanges are always one of the biggest priorities of every crypto investor and trader. Choosing a secure exchange can make the entire experience much easier and convenient for people, especially those who are new to the crypto space.

Therefore, one of the top things to look for in an exchange is the security offered by a platform. Considering the FTX crypto exchange, it is one of the safest exchanges in the market. It uses various high-end security systems that offer utmost security and make it a suitable platform for new and experienced traders alike.

It uses advanced security systems and high-end features to ensure the users’ funds and information remains safe from any kind of threat. Two-factor authentication and cold wallet storage are two of the exchange’s security measures.

Some of the safety features used by the FTX exchange are:

  • Cold wallet storage
  • Leading-edge technology for web development
  • Two-factor authentication system

Variety of Digital Assets Available

One of the most amazing factors in this FTX exchange review is the wide range of assets that are supported by the platform. The platform doesn’t only support digital currencies but also fiat currencies, indices, and stocks.

The digital assets supported by FTX include:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple

The indices supported by the crypto exchange include the following:

  • Midcap Index
  • Exchange token Index
  • Altcoin Index

Final Takeaways!

The FTX exchange can be a suitable platform for you where you can buy and trade digital assets if its features match your criteria. To determine that, you need to have the information mentioned above in detail.