Leveraged Tokens: FTX offers ERC20-based tokens that provide traders up to 3X leveraged exposure against the underlying trading pair. For instance, if a trader opens a BULL/USD – 3x long Bitcoin token and Bitcoin rallies 10% from the time of purchase, the leveraged token would gain 30%.
FTX is a Bahamian cryptocurrency exchange. FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. As of February 2022, the exchange averages $10 billion of daily trading volume and has over one million users. FTX operates FTX.US, a separate exchange available to US residents.
Does FTX US pay interest?
FTX Earn, formerly Blockfolio, is a full-featured cryptocurrency platform for earning interest on coins. FTX Earn tiers their interest rate differently than any other platform (edit: now Crypto.com uses this same technique). The first $10,000 USD of deposited funds earns 8% APY regardless of coin/token.
How does FTX crypto work?How long does FTX last?
Futures contracts expire on the last Friday of every quarter to a 1 hour TWAP of the underlying index from 2am UTC to 3am UTC.
Is FTX a legitimate company?
Since 2019, FTX is a legit crypto exchange platform. It is used by millions of users around the world. It is regulated by the Hong Kong financial authority.
There are no fees on futures settlement. The leveraged tokens have creation and redemption fees of 0.10%, and daily management fees of 0.03%. There are no deposit fees. For withdrawal fees, see here.
How much do trades cost on FTX?
FTX US charges a 2% fee to the seller on each sale or trade.
What coins does FTX support?
Coin
Spot
Futures
BIT
BIT/USD
BIT-PERP
BLT
BLT/USD
BNB
BNB/BTC BNB/USD BNB/USDT
BNB-PERP BNB-0930
BNT
BNT/USD
BNT-PERP
Learn about FTX in this video:
How does FTX crypto work?Can I deposit GBP on FTX?
To deposit or withdraw fiat, go to ftx.com/wallet and click ‘deposit’ under ‘USD’, ‘AUD’, ‘EUR’, ‘GBP’, ‘HKD’, ‘CAD’, ‘CHF’ or whatever fiat currency you’d like to deposit. You’ll get all the instructions. If you are required by the instructions to use a memo, you must use the memo or your account will not be credited.
Is FTX app the same as FTX US?
FTX and FTX US follow the same security standards and neither site has ever been hacked. Both platforms encourage two-factor authentication (2FA), and both practice cold storage of user funds. The only difference is that FTX has an insurance fund for users that is funded through their trading fees.
How trustworthy is FTX?
Is FTX Exchange Legit? Since 2019, FTX is a legit crypto exchange platform. It is used by millions of users around the world. It is regulated by the Hong Kong financial authority.
