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Exploring the benefits and drawbacks of FTX Exchange
FTX Exchange is one of the newest crypto exchanges you can find out there. The main objective of this crypto exchange is to create a strong crypto trading ecosystem, and benefit people who wish to do their transactions with cryptocurrencies. Binance offered much-needed assistance for FTX Exchange to rise up from the ground. As of now, FTX Exchange is functioning as an independent cryptocurrency exchange.
Before you start using FTX Exchange, you will come across the need to whether it is the perfect crypto exchange available out there or not. That’s why we thought of sharing benefits and drawbacks of FTX Exchange USA. Whether you are an absolute beginner or a seasoned crypto trader, you may go through these benefits and drawbacks to make a decision.

Benefits of FTX Exchange
Let’s explore all the good reasons available for you to take a look at FTX Exchange. You can make the decision to go ahead with FTX Exchange based on all these reasons.
- Low trading fees
One of the most prominent benefits that you can see in FTX trading platform is the low trading fees. The maker fees are just starting at a rate of 0.02%. Maker fees are the fees that you will be charged on all orders that don’t fill up immediately. On the other hand, taker fees are starting at just 0.07%. These are the fees that you will have to pay for the market orders that are getting filled up immediately. If you are a high-volume trader, you can expect to receive impressive returns out of FTX Exchange with saving money.
- You can get a decent return out of cryptocurrencies you hold
If you are searching for a crypto exchange to hold your cryptocurrencies, you may consider using FTX Exchange. That’s because it will offer much-needed assistance for you to get better returns out of your investment. As of now, you can stake multiple coins within the FTX crypto exchange. Out of them, one coin is paying an APY of 20% as of now. This is an excellent rate of return when compared to other crypto exchanges. That’s because banks usually pay an interest rate of only around 0.01% or even less.
- Margin trades
FTX Exchange doesn’t allow everyone to do margin trading. However, you will still be able to go ahead with it when your account has over $100. If you have sufficient account balance, you may enable margin trading. Then you will be provided the chance to trade up to 10x leverage. As a result, you can get efficient use out of capital that you have as well. However, you should also keep in mind that margin trading is associated with a higher risk. Hence, we don’t encourage it for the beginners. Even some of the most experienced traders take a significant risk as they go ahead with margin trades.
- Advanced orders
Apart from limit orders and basic market, FTX Exchange offers numerous advanced order types for you as well. This will assist you to manage your risk and portfolio in an effective manner. For example, you will be able to experience limit orders, take profit market, and trailing stops. By using all these advanced order types, you will be able to get to a position where you can define all the selling conditions effectively. By doing that, you can simply forget about positioning until it gets closed. You will love the convenience that comes on your way, especially when you don’t have to monitor the open positions.
- You can access the NFT Marketplace
One of the latest additions to FTX Exchange is the NFT Marketplace. This is a comprehensive marketplace that you can use to buy and sell NFT (Non-Fungible Tokens). You have the freedom to use this marketplace and mint NFTs on your own. On what does ftx stand for , you can sell them to other users out there as well. Even though minting is temporarily disabled within the international portal of FTX Exchange, you can still access it on FTX.us portal. This portal is not just available to people in the United States, but in other parts of the world as well.
Drawbacks of FTX Exchange
Now you are aware about the benefits of FTX Exchange. As the next part of our FTX review, let’s take a quick look at the drawbacks that are associated with it as well.
- It doesn’t have some major coins
As of now, you will not be able to find some of the major coins listed in FTX Exchange. This is a major drawback in the crypto exchange. However, you don’t have to worry too much about it because the team behind FTX Exchange is always looking forward to adding new coins. You can take a look at the coins available as of now and see whether they are good enough for you to proceed. Then you can expect the FTX Exchange team to add new coins to you in future.
- Limited platform available for clients from the United States
If you are from the United States, you will only have access to a limited platform on FTX Exchange. In fact, FTX Exchange USA offers limited features, and you might feel restricted. This is the main reason on why it is not the most popular exchange in the USA. But if you are from another country in the world, you don’t have to worry too much about the features that come along with FTX Exchange. You will have access to all features that are available.
Final words
You can use the understanding you have about FTX Exchange to decide whether you are going to use it as a crypto exchange or not. No matter what, we can highly recommend it to people as an excellent crypto platform available out there to consider. Once you start exploring all benefits of FTX Exchange, you will not have to look for any other crypto platform.
Homepage: https://www.coinbureau.com/review/ftx-exchange/