FTX Review: The Best New Crypto Derivatives Platform

[cryptoadvocate]

Lately I've been trading more and more on FTX.com, mainly due to all the issues that Binance has been having. The options and types of contracts available on FTX are unique and can't be found anywhere else and it now ranks as the 5th highest volume exchange.

Decided to do a full write up of the exchange and my trading experience there: https://www.cryptoadvocate.net/post/ftx-review

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[exstasie]

I've been curious about their leveraged BULL/BEAR tokens, which are similar to 3x ProShares UltraPro ETFs you find for commodities and stock indices. https://bitcointalk.org/index.php?topic=5226148.msg53847830#msg53847830

Any idea about VPN policy? They don't allow US customers but Tier 1 verification (email/name/country) allows $2000 per day in withdrawals. That's good enough for me if I can squeak by behind a VPN.

[cryptoadvocate]

I've been curious about their leveraged BULL/BEAR tokens, which are similar to 3x ProShares UltraPro ETFs you find for commodities and stock indices. https://bitcointalk.org/index.php?topic=5226148.msg53847830#msg53847830

Any idea about VPN policy? They don't allow US customers but Tier 1 verification (email/name/country) allows $2000 per day in withdrawals. That's good enough for me if I can squeak by behind a VPN.

Dont see why it wouldn't work but obviously do so at your own risk

[coingecko]

We have some coverage on how to use and trade FTX on our educational content section. Might be useful for traders exploring FTX

[sv.alyona]

FTX released a beta version of the new application with a number of improved features, it can already be checked on your phone

https://help.ftx.com/hc/en-us/articles/360034800011-How-To-Download-the-FTX-App

[thesmallgod]

I tried their leverage bull and bear token on bitmarx I was using binance before it was removed. The truth is that it makes you choose easily between bull and bear market but the drawback is also there.

[vennali]

For Options, I use Sparrow Exchange. Its a lot simpler to trade there with their UI. I do have have accounts on Deribit as well as FTX. Its nice to have competition in the derivatives market. You can get some good value trades out of it, juggling through the platforms.

[Kriptobt1]

The FTX Derivative Exchange has partnered with custodian Coinbase Custody International. The latter will store the native ERC-20 FTT token

[gartmah]

FTX released 4 video podcasts, he will tell and share his experience with the encoder Mike Van Rossum https://www.youtube.com/watch?v=dxPgXlydcys

[gartmah]

The 9th video podcast from FTX was released, featuring the co-founder of Dex.Blue and one person an expert in the field of DeFI of decentralized finance - Angelo Min https://www.youtube.com/watch?v=HyyaRi-UvYw&feature=youtu.be

[cryptoadvocate]

The new ftx pro app is definitely amongst the best exchange apps. Check it out.

[Azrieli]

Caution with FTX:

- FTX BLL / BEAR tokens fraud at Binance
- Fraud with the signed NDA Agreement
- Binance and FTX - serving U.S. citizens publicly using Barry Silbert as an example

[Tomtomwole]

FTX is good , second best after binance based on my own experience. its better than binance for me in some aspect like the futures trading, it has more listed project than binance and also low withdrawal fees. this is basically enough for me to stick with them.

[2double0]

FTX is good , second best after binance based on my own experience. its better than binance for me in some aspect like the futures trading, it has more listed project than binance and also low withdrawal fees. this is basically enough for me to stick with them.

It is better than Binance as there are 0 withdrawal fees on bitcoin transactions and some waived off transactions too on ERC20 network for FTT holders. I am a fan of their portal and trade there only as they are providing what Binance is giving at their exchange, but Binance lags sometimes and FTX is easy going.

[Renampun]

FTX is good , second best after binance based on my own experience. its better than binance for me in some aspect like the futures trading, it has more listed project than binance and also low withdrawal fees. this is basically enough for me to stick with them.

agree with you FTX is the best exchange besides Binance...

I bought Bitcoin and ethereum several times from FTX and only charge a very cheap fee when doing WD to my personal wallet. and what I like is that we can buy Tesla or Google stocks easily in the FTX Pro application.

[suryogandul]

Lately I've been trading more and more on FTX.com, mainly due to all the issues that Binance has been having. The options and types of contracts available on FTX are unique and can't be found anywhere else and it now ranks as the 5th highest volume exchange.

Decided to do a full write up of the exchange and my trading experience there: https://www.cryptoadvocate.net/post/ftx-review

I am also a user of FTX there, I get a low fee experience for transactions compared to other exchanges. so I think FTX is still feasible to be used as a transaction connection medium, especially cheaper ETH sending transactions for new users

[tbct_mt2]

No one here mentioned the generosity of FTX to waive the withdrawal fee for users. The more FTT staked you have, the more number of free withdrawal per day.
Blockchain Deposits and Withdrawals

On FTX, you can deposit your BTC on OMNI layer or ERC20, TRC20 or SPL. The OMNI layer will be deprecated. FTX requires only 2 confirmations for your BTC deposits that help you to have shorter waiting time for account balance credit. Other exchanges can require 3 confirmations.

[GreatArkansas]

It seems most of the FTX Exchange users are came from Binance, included me.
You will really realize how FTX Exchange is the best compare to Binance if you start using FTX Exchange and you also tried to use Binance.
Very fast to use and downtimes in FTX are really different with Binance, really far, FTX got a huge advantage.

And if you don't know, Binance and FTX are strategic partners: Strategic Partnership with Binance

[tbct_mt2]

It seems most of the FTX Exchange users are came from Binance, included me.
You will really realize how FTX Exchange is the best compare to Binance if you start using FTX Exchange and you also tried to use Binance.
Very fast to use and downtimes in FTX are really different with Binance, really far, FTX got a huge advantage.

And if you don't know, Binance and FTX are strategic partners: Strategic Partnership with Binance

FTX is tradeable while Binance is stucked with market crashes.

More people like FTX not only because their more generous policy with withdrawal fees and chances to join IDOs.

The drama of $SUSHI was resolved with the serious involvement from FTX's CEO while Binance and Changpeng Zao reacted with bad with that drama. CZ deleted that tweet after the community reacted very bad with it.

For SUSHI, I don’t know who the founder is. If we don’t list new DeFi coins, traffic goes to other exchanges, and we become … obsolete. We provide access to liquidity, we don’t force you to buy.

All coins are high risk, especially DeFi.

[bbc.reporter]

It seems most of the FTX Exchange users are came from Binance, included me.
You will really realize how FTX Exchange is the best compare to Binance if you start using FTX Exchange and you also tried to use Binance.
Very fast to use and downtimes in FTX are really different with Binance, really far, FTX got a huge advantage.

And if you don't know, Binance and FTX are strategic partners: Strategic Partnership with Binance

This partnership is making it appear that Sam Bankman-Fried will not be the Binance killer, however, I speculate Sam will make the moves to take Binance’s market share in America first and then globally. CZ might become the next Arthur Hayes hehehehe.

FTX is also rivaling against Binance with their own blockchain called Solana which might also become the Binance smartchain killer. I predict SOL and FTT to be top 10 in coinmarketcap.com by 2025.