#2 Best Exchange for Traders in 2021: FTX.US
We have rated FTX.US as being our #2 best cryptocurrency platform for Traders.
Overall Rating: 72.5 / 100
Trust: 9/10
Trading: 9.5/10
Derivatives: 0/10
# of Coins: 4/10
Fees: 10/10
Customer Service: 10/10
Funding Options: 10/10
Recurring Buys: 0/10
FTX.US Review:
- FTX.US is the US version of the wildly popular and international FTX trading platform.
- FTX.US launched in late 2020. The original FTX platform was created in May 2019, and is one of the most trusted brands in the cryptocurrency exchange industry. FTX offers some of the most robust features of any crypto trading platform.
- The US version is new and the features are somewhat limited, but the updates and features will come, and eventually will function similarly to the original FTX product. This is a talented team and really caters to traders.
FTX.US CEO:
Sam Bankman-Fried
FTX.US Strengths:
- FTX.US is a relatively new crypto exchange, but brings lots of experienced developers, patents, and funding from its big brother, FTX. We expect lots of improvements in the coming months/years, but the current product is still very good.
- Because of this relationship, FTX.US utilizes many of the security measures and protocols developed by FTX - as seen in our 9/10 Trust score.
- FTX.US has very low Bid/Ask Spread and very low fees making it popular amongst traders.
- We love the API options, robust data views, and the ability to trade on margin with up to 10x leverage. All these features and capabilities will really draw in traders.
- FTX.US is just getting started and will continue to add features at a rapid pace.
FTX.US Weaknesses:
- FTX.US has limited coins and trading pairs, but they will continue to add more as they build out their trading platform.
- This platform is still somewhat new and may have some ups and downs customary to new platforms. A common issue with new platforms is liquidity, but that is not an issue with FTX US.
- We love that they utilize Proof of Funds, but wish they would add Penetration Tests and Bug Bounty.
- No recurring buy option.
# of Coins:
8
Current Promotions:
5% trading fee reduction if you sign up under this link: https://ftx.us/#a=1437987
FTX.US Fees:
- Deposit: No deposit fee or withdrawal fee (if using ACH). Low withdrawal fees if using other methods.
- Trading Fees: Maker = 0.1% / Taker = 0.4%
FTX.US Withdrawal Fees:
| Channel | Deposit Fee | Withdrawal Fee | Deposit Minimum |
| There are no deposit/withdrawal fees for blockchain transfers. | |||
| There are no fees for ACH transfers. | |||
| "We reserve the right to charge a fee for USD wire transfer deposits/withdrawals, currently set to min($35,max($5,1%)). That is to say: there is a 1% fee on USD deposits/withdrawals, but no more than $35, and no less than $5. Note that this does not apply to Stablecoin deposits/withdrawals or ACH transfers, which are free." |
Trading Fee Schedule:
| User Tier | 30-day Trading Volume (USD) | Maker Fee | Taker Fee |
| 1 | 0 | 0.10% | 0.40% |
| 2 | >100,000 | 0.08% | 0.30% |
| 3 | > 500,000 | 0.06% | 0.20% |
| 4 | >1000000 | 0.05% | 0.15% |
| 5 | >5,000,000 | 0.04% | 0.10% |
| 6 | >10,000,000 | 0.03% | 0.08% |
| 7 | >15,000,000 | 0.02% | 0.07% |
| 8 | >30,000,000 | 0.01% | 0.06% |
| 9 | >35,000,000 | 0.00% | 0.05% |
FTX.US Trading Features:
GREAT trading platform with Basic, Advanced, and OTC options combined with a lot of cool features, views, and open API ability to build your own trading algorithms, but the number of coins and tradable pairs is low. That hurts, but we expect them to add to their selection at some point.
FTX.US HODLing Features:
HODLers (Hold On for Dear Life) don’t trade, sell dips, or worry about Bitcoin price in the short term. HODLers are in it for the long term and have multi-year price goals. The most important features for HODLers are: Security and Auto-Buys.
Security - FTX.US has industry-standard security, including a custom-built hot and cold wallet solution; full external backing of all hot wallet funds; and relationships with industry-leading custodians.
Recurring buys - FTX does not offer automatic recurring buys - which is our favorite feature for HODLers. If you want to set automatic, recurring buys you should consider Binance.US.
We are big fans of auto/recurring buys (Dollar Cost Averaging) and encourage you to utilize this strategy if you don’t want to make a large, one-time purchase, and then move your crypto into a hardware wallet.
DCA:
Analysis and Educational Tools:
The FTX website does not have a robust education section, so if this is a priority you should look elsewhere (we recommend Kraken or Binance.US), but they are building a nice catalogue of interviews and educational tools on their YouTube channel.
Their leadership team is actively involved in funding crypto education so we expect them to build out their own learning program / area.
Mobile App:
Very simple and intuitive. We really enjoy the look and feel of this app. Some of the more advanced trading features are either not available on the app, or are more difficult to navigate than the desktop version.
FTX.US Coin List and Tradable Pairs:
| # | Coin | Pair |
| 1 | Bitcoin | BTC/USD |
| 2 | Ethereum | ETH/BTC |
| 3 | Bitcoin Cash | BCH/USD |
| 4 | Ethereum | ETH/USD |
| 5 | Litecoin | LTC/USD |
| 6 | Tether | USDT/USD |
| 7 | Solana | SOL/USDT |
| 8 | Solana | SOL/BTC |
| 9 | Ethereum | ETH/USDT |
| 10 | Bitcoin | BTC/USDT |
| 11 | Bitcoin Cash | BCH/USDT |
| 12 | Solana | SOL/USD |
| 13 | Litecoin | LTC/USDT |
| 14 | cUSDT | CUSDT/USD |
| 15 | PAX Gold | PAXG/USDT |