Details to Know Before Using the FTX Exchange

FTX exchange

The FTX exchange is one of the most outstanding cryptocurrency platforms in the world. It is a BTC derivatives trading platform and one of the reasons why it is so significant is the fact that it was created by crypto traders for crypto traders.

This factor has led the exchange to stand out among its competitors and be the go-to trading platform for crypto traders all around the world. It offers some of the most impressive features such as offering a wide array of assets to trade, high-end security systems and a lot more.

It is indeed a versatile and powerful crypto trading platform and can be suitable for you if its features match your criteria and trading requirements. Therefore, if you are interested in using this platform then here is a brief FTX exchange review that can help you make an informed decision.

FTX Exchange Offers One of the Highest Leverages

FTX is one of the cryptocurrency exchanges in the market that supports leverage trading. However, this is not the only impressive detail. The FTX crypto exchange also stands out among other crypto trading platforms that support leverage trading because it offers one of the highest leverages in the market, which is up to 101x.

This is an impressively high leverage. However, before you opt for leverage trading you need to understand what it is and how it works.

Leverage trading means you can borrow funds from your broker and place bigger trades without investing a lot of money from your own funds. While leverage trading increases the chances of getting high profits, it also increases the chances of experiencing huge financial losses. This is especially possible if you do not trade carefully with leverage or choose a suitable exchange.

High Liquidity

The FTX exchange is also popular and well-known among the crypto trading community, thanks to the fact that it offers very high liquidity. This is one of the factors that is looked for by crypto investors and traders, especially those who are new to the crypto space.

Low and Competitive Fees

While talking about this trading platform, the FTX exchange fees is one of the most important factors that should always be considered. Every crypto exchange charges a fee of some kind that the users have to pay. These fees usually include deposit, withdrawal, trading and even gas fee. While the nature of the fees can remain the same in every crypto platform, the amount can greatly vary from one exchange to another.

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This FTX exchange review continues to discuss the details of the fee you will be required to pay if you use the platform. The fee charged by FTX is one of the lowest and competitive in the crypto space. Here are the details you need to know about.

  • 0.02% trading fee for market makers
  • 0.05% trading fee for market takers
  • 0.10% fee for creation and redemption
  • 0.03% fee for maintenance
  • No fee for deposits
  • No fee for withdrawals

This low fees amount can be reduced further if the users have a VIP level account.

Variety of Asset Classes and Digital Assets Available

One of the most impressive aspects of the FTX exchange is that it offers support to a variety of asset classes. These include:

  • Crypto indices
  • Digital assets
  • Fiat currencies
  • Leveraged tokens
  • Stocks

The cryptocurrencies that are available for the users to buy or trade on the platform include the following:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple

As mentioned above, there are also crypto indices available on the crypto exchange that include the following:

  • Altcoin index
  • Exchange token index
  • Midcap index

Tools for Analysis

The FTX crypto exchange also offers numerous analysis tools to the crypto traders that help them give an edge to their trading portfolio. With the help of these tools, the crypto traders can carry out technical and fundamental analysis for all crypto pairs that can be traded on the exchange.

Here are some of the analysis tools that are available.

  • Ability to check order history
  • Conditional orders
  • Creating and importing custom tools and indicators
  • In-built charting analysis tools
  • Limit orders
  • News services
  • Price alerts
  • Several in-built indicators

Final Takeaways!

The FTX exchange is quite a significant exchange that is available for crypto traders all around the world. However, if you want to use this exchange for crypto trading then you need to have the above-mentioned information first.

About Williams Harris

Williams Harris has been working in internet marketing industry for more than a decade. He has also done lots of writing in this time and wrote on various topics for not only his blogs but for his clients as well.

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