Is FTX Exchange Secure Platform to Trade Crypto?
The FTX exchange is one of the well-known crypto exchanges in the crypto market. This is a derivatives trading platform and stands out among other platforms because it is created for crypto traders by crypto traders.
It offers a wide range of leveraged tokens and indices that are tradeable. However, this is not the only highlighting feature of the exchange.
This crypto trading platform offers several impressive features that have caused it to be a prominent option for crypto traders around the globe.
However, if you are interested in using this exchange then you should know the details mentioned in this brief FTX exchange review mentioned below.
Trading Products Available on the FTX Exchange
As mentioned above, there are several products available one the exchange that make it a fantastic option for a vast audience. A platform that supports a variety of products and digital assets can indicate that it is a well-established, versatile and powerful trading platform.
This is also one of the top reasons why the FTX crypto exchange is one of the best crypto platforms in the crypto market. This exchange offers users access to various digital currencies, trading products and several markets that the users can invest in and trade.
Here are some of the trading products available on the platform and the unique features it offers to the traders.
- Futures market
- Leveraged tokens
- Options market
- Spot markets derivatives
- Tokenized stocks
Safety and Security Offered by the Exchange
One of the main concerns of every crypto investor and trader is the security offered by a platform. This is an essential factor that needs to be considered before you choose any platform.
Therefore, if you want to use the FTX exchange and you want to know if it is safe or not then you should know that it is one of the safest exchanges in the crypto market.
This exchange prioritizes the security of the users by making use of leading-edge security systems. These security features help the beginners and experts to trade on the platform without worrying about cyber threats or failures of any kind.
Some of the security systems offered by the exchange are mentioned below:
- Offline cold wallet storage
- Two-factor authentication system
- State-of-the-art web development
Fee Structure of the Platform
Another major aspect that you should know before you choose any platform for buying or trading crypto is its fee structure. Taking a look at the fee charged by an exchange is crucial as you need to choose a platform that offers a fair and transparent fee structure.
The exchange you choose should not have a high fee as it is not always guarante to be safe from hidden and additional charges.
The FTX exchange fees is one of the lowest ones in the crypto market, which is another reason why a large audience chooses the platform to trade crypto. Here are the details of the fee charged by FTX:
- 0.02% fee for the market makers
- 0.03% fee for maintenance
- 0.05% fee for the market takers
- 0.10% fee for creation and redemption
- No deposit fee
- No withdrawal fee
Supported Cryptocurrencies and Indices
The FTX exchange supports a variety of crypto assets and indices that makes it a versatile crypto trading platform. There are various tokens, stocks and fiat currencies available on the platform.
Some of the digital assets supported by FTX include:
- Ripple
- Bitcoin
- Litecoin
- Ethereum
The indices available on the platform include:
- Altcoin index
- Exchange Token index
- Midcap index
- Shit Coin index
Tools for Analysis
This FTX exchange review also focuses on another major aspect of the platform, which is the analysis tools available on the platform. The exchange supports technical and fundamental analysis, which requires the crypto traders to have analysis tools.
Here are some in-built features of the platform that help crypto traders create an outstanding portfolio and in having an edge in the crypto market.
- Conditional orders
- Creating and importing custom tools indicators
- Limit orders
- Possibility to check order history
- Price alerts
- Several in-built charting analysis tools
- Several in-built indicators
- Various news services
One of the Highest Leverages
A wide audience interested in crypto trading, especially the experts, often look for a platform that supports leverage trading. This is a popular trading strategy that is easily accessible to the crypto traders now as several platforms support it. However, it is not suitable to choose any exchange that offers leverage trading because it comes hand-in-hand with the possibility to make huge profits and suffer from huge financial losses.
The FTX crypto exchange is known to offer one of the highest leverages in the market, which is as high as 101x.
Conclusion!
The FTX exchange can be one of the top crypto platforms for you to choose if its features align with your needs and trading requirements. This is why, it is important for you to know the details mentioned above.
