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Is FTX Exchange a safe and legit platform?
Are you interested in selecting FTX Exchange as your crypto trading platform? Before making a decision, you should confirm whether it is a safe and a legit platform available to consider or not. This will help you to keep the peace of mind as you know that your investments are always safe. While keeping that in mind, let’s explore more on what FTX Exchange is all about.
What is FTX?
FTX is a digital exchange that is dedicated for cryptocurrencies as well as cryptocurrency derivates. You may use FTX to proceed with trading BTC options and many other crypto derivates. You can access some of the most outstanding spot trading techniques while you are trading on this crypto exchange. It also offers you the chance to transfer funds via stable and fiat cryptocurrencies, such as Litecoin, Bitcoin, and Ethereum. The support offered by FTX Exchange for altcoins and stable coins is something impressive.
When you take a look at the FTX Exchange trading service, you will notice that it offers assistance for both institutional and retail traders to go ahead and diversify the trading portfolios. Moreover, you can gain access to a large number of trading options and products with FTX as well. The services offered by FTX are developed in order to benefit professional and dedicated traders. Hence, you will not come across the need to find any other crypto platform. You can simply stick to FTX Exchange and engage with your trading activities.
It is also important to keep in mind that FTX Exchange is having an OTC service. ftx trading will help you to go ahead and make crypto purchases in large amounts. You can conveniently access this feature via the mobile app of FTX trading. Apart from purchasing crypto in large quantities, it will also be possible for you to manage the FTX user accounts without encountering any struggles via the mobile app. This is one of the best mobile apps that you can see in a crypto exchange.
Who is the owner of FTX Exchange?
FTX Exchange was discovered by Sam Bankman-Fried back in the year 2018. He is currently serving as the CEO of the company as well. Before starting FTX Exchange, Sam was employed at the Jane Street Capital at the International ETF desk. The CTO of FTX Exchange is Gary Wang. He has been working as a software engineer for Google before joining hands with FTX Exchange.
The business model of FTX Exchange
It is also worth to take a look at the business model of FTX Exchange, so that you can make a better decision on whether to use it or not. The founders of FTX Exchange are not shy away of being highly transparent with their operations. Therefore, you will not go through any struggles when you try to understand the business model of FTX Exchange.
As a trader on FTX Exchange, you will be able to settle your futures trading as the United States dollar fiat currency. In other words, this platform would usually make a profit of around $600 out of all the trades that you do worth $18,000. This will help you to get a better understanding of the FTX fees as well.
All the trades that take place within FTX Exchange are associated with crypto coins. Therefore, you can consider it as a highly profitable and an operational crypto exchange available out there to consider. There is no need to think twice before you create your account on this crypto exchange and start trading.
FTX Exchange is a regulated crypto exchange
Now let’s get into the most important question. Is FTX Exchange a regulated crypto exchange? As per the details we have, FTX Exchange is a regulated cryptocurrency exchange. Therefore, you don’t have to worry too much before you start using this exchange for all your cryptocurrency trading work. The crypto trading platform is registered as a company in Antigua and Barbuda. However, the headquarters of it is located within Hong Kong.
When you go to the website of FTX crypto exchange, you will notice that it has SSL security as well. Hence, it can deliver an exclusive crypto trading experience to you and help you keep peace of mind.
According to a recent test conducted by Mozilla Observatory, FTX Exchange could end up with securing a security score of B+. This is a decent score when it comes to crypto exchanges. The team behind FTX Exchange uses all possible measures to enhance the security of traders. For example, you will not be able to log into the platform without going through two-factor authentication. This ensures security of all transactional data.
There are multiple authentication measures available in FTX Exchange. They include SMS OTP authentication, Google authentication, and many more. You can ensure that your account is provided with maximum protection, and you will never have to worry about anything.
One of the most impressive features that you can find in FTX Exchange is the ability to set up different passwords for different transactions that you do with this crypto exchange. For example, you can generate separate passwords for withdrawals, trades, deposits, and many other services. This will eventually offer maximum level of protection to your crypto account. You can also access additional permissions under the login section, which will help you to create and manage sub-accounts with ease.
Final words
Based on the information you have; you can proceed with your trading activities in FTX Exchange without keeping any second thoughts in mind. As of now, FTX Exchange is among the most prominent names within cryptocurrency space. It has even got into partnerships with some of the leading firms out there, such as FBG Capital, Circle, and USD. We can continue to see FTX Exchange reaching greater heights in the future as well. Go ahead and create your account in FTX Exchange now!
My Website: https://www.coinbureau.com/review/ftx-exchange/
     
 
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