FTX.US Review – Fees, Supported Coins, Payment Methods

FTX.US Review – Fees, Supported Coins, Payment Methods
FTX.US Review – Fees, Supported Coins, Payment Methods
Available for US users
Licensed & regulated
Good customer support
Easy to use
Low fees

Ftx.us is the US-specific variant of the FTX exchange customized to meet the stricter regulatory requirements of trading crypto in the United States of America. It was launched in May 2020 and joined Binance US, Kraken, and Coinbase in their elite group as top Crypto exchanges in the US.

This article will review the features of the crypto exchange, including its pros and cons, to help you determine if it’s a good choice for you. Let’s go for a ride.

Visit Ftx Now Visit Ftx.us Now


  • It offers low fees for trading, deposits, and withdrawals
  • There are currently twenty-four coins supported on the platform
  • The supported currencies are the US Dollar(USD), Australian Dollar(AUD), Euro(EUR), Canadian Dollar(CAD), Pound Sterling(GBP), and Singaporean Dollar(SGD).
  • It accepts deposits via bank transfer (fiat currency), wire transfer, and cryptocurrencies.
  • It is registered with FinCen(a financial authority in the US) and incorporated in Delaware
  • It has a sophisticated yet easy to use interface
  • It has a mobile app for both Android and iOS operating systems.


The exchange is best suited for crypto traders who live within or are indigenous to the US and would like to hedge their positions with margined leverages.

It comes in handy because most US residents suffer from the strict regulations of crypto trading and usually have to go to great lengths to get or trade their desired coins. With Ftx.us, the process is much simpler, even though only a limited number of coins are still available for now.

In other words, the platform offers services to experienced traders.

A trustworthy cryptocurrency exchange, FTX specializes in trading leveraged token that may be exchanged on margin as well as derivatives, indexes, and futures.


Ftx.us was founded on May 22, 2020, by Sam Bankman Fried and Gary Wang, who are wall street and silicon valley experts. It was founded in Berkeley, Calif, and describes itself as an exchange for crypto traders by traders.

With its headquarters in San Francisco, California, it showed right from the start that it meant business, acquiring the needed licenses to operate in all 50 US states and incorporating even some international jurisdiction.

It didn’t stop there. In a bid to enable margin trading for its users, Ftx.us acquired LedgerX(a United States derivative company) in August 2021, becoming one of only two exchanges that support leveraged trading in the US.


The FTX exchange is one never shy of spending money on quality. This trait spreads to its US-variant as a lot of funds were invested in ensuring that users take delight in trading. The aesthetic design of the website, combined with the user-friendly interface, makes this exchange stand out.

In addition, there are Android and iOS applications that provide a mobile experience. Also, you have a wide range of options when choosing what or how to trade. You could trade spot markets or engage in derivative trading. You could also decide to go with Over-the-counter(OTC) trading or partake in their Non-fungible token(NFT) marketplace.

For experienced traders, FTX supports the trading of futures, stocks, and leveraged tokens.


There are one hundred and thirty-six(136) NFTs currently traded on the Ftx.us NFT marketplace. The floor prices are measured in Sol, and they go up or down based on the supply/demand structure.

In addition to that, there are 24 coins traded in the exchange in 48 markets altogether. Those coins are Bitcoin(BTC), Solana(SOL), Ethereum(ETH), Litecoin(LTC), Chainlink(LINK), Sushiswap(SUSHI), Polygon(MATIC), Bitcoin Cash(BCH), Dogecoin(DOGE), Uniswap(UNI), Wrapped Bitcoin(WBTC), The Graph(GRT), Basic Attention Token(BAT), Tron(TRX), Tether(USDT), Aave, MakerDAO(MAKER), Yearn Finance(YFI), DAI, Compound USDT(CUSDT), and Pax Gold(PAXG)


The recent acquisition of LedgerX by ftx.us has made it possible for them to broaden their products to include leveraged trading. However, there are still some things required from users before they are allowed to trade margin on ftx.us. Those requirements are:

  • They must have at least $100,000 worth of digital assets on the exchange
  • They must have passed KYC (know your customer) regulations
  • If they are an entity, their net worth must be at least $1M
  • If they are individuals, their net worth must be at least $5M
  • They must attest that they’ll only use ftx.us leverage and margin trading to hedge. 

Hedging, in this case, is different from speculating. Speculating is the most common form of leveraged trading in which you put down your digital assets, betting for the crypto market to go in a particular direction(either long or short).

Hedging means going long to protect against short exposure or going short to protect against long exposure. That is the only accepted form of leverage trading on ftx.us.

  • Also, you must keep in mind that the maximum leverage allowed is 10x leverage.

FTX uses a leveraged token to enable users to make quick profits.


Ftx.us fee structure is tiered based on the volume of funds traded in 30 days, as is popular with most exchanges. The table below itemizes it:

2> 100,0000.08%0.30%
3> 500,0000.06%0.20%
4> 1,000,0000.05%0.15%
5> 5,000,0000.04%0.1%
6> 10,000,0000.03%0.08%
7> 15,000,0000.02%0.07%
8> 30,000,0000.01%0.06%
9> 50,000,0000.00%0.05%

For users that trade in large volumes, FTX has reduced trading fees.

Leveraging 50x could result in a 0.02 percent increase in trading fees



There are five ways to deposit on ftx.us. They are wire transfers, cryptocurrencies, ACH(Automatic Clearing House), Silvergate Exchange Network, and credit or debit cards. 

  • For wire transfers, there is a 1% fee which can amount to a minimum of $5 and a maximum of $35
  • For cryptocurrencies, the deposit fee depends on the transaction fee you pay to miners
  • ACH deposits attract a standard fee of $0.5, which can be waived under certain conditions.
  • Silvergate exchange network enables near-instant funding to and from your bank account. However, you have to activate it both on the ftx.us interface and with your bank.
  • Credit and debit card deposits attract the usual payment processor fees.

If you deposited any of USD, USDC, TUSD, PAX, BUSD, or HUSD, it is credited to your account as USD stablecoin and can be withdrawn independently. What that means is that you can deposit PAX and withdraw it as BUSD since they are all of the same value.

Lastly, the deposit limit is based on the KYC tier your account belongs to. Those who are in tier 1 can only deposit a maximum of $10,000 daily and $300,000 in a lifetime, while there is no limit for those in tier 2.


There are four ways of withdrawing on the ftx.us exchange. They are wire transfers, crypto withdrawals, ACH withdrawals, and Silvergate exchange network withdrawals.

  • Wire withdrawals attract a 1% few with a minimum limit of $5 and a maximum limit of $35
  • Crypto withdrawals are free, except for Erc20/Eth withdrawals and Omni token withdrawals.
  • ACH withdrawals attract the $0.5 standard fee, which can be waived under certain conditions
  • Silvergate exchange network withdrawals are connected directly to your bank account.

A leveraged token is an ERC20 token that has an inherent 3x exposure to the underlying asset.

No deposit or withdrawal fees are charged by the platform.


Not only is ftx.us one of the top exchanges to trade crypto in the US, but it is also one of the top ten crypto exchanges worldwide. That in itself shows how credible it is. That, coupled with the fact that it is regulated by FinCen, one of the top monetary regulating bodies in the US, makes a strong argument for its credibility.

In addition to those mentioned above, consider the following security protocols the exchange has in place to ensure the safety of funds:

  • Users are required to set up a password to access their accounts. Also, they need to perform a mandatory 2fa setup to prevent unsolicited access.
  • There is a separate password and 2fa setup required for withdrawals. This is different from the main one used to access the account.
  • After the 2fa is removed or the password is changed, there is a lock on withdrawals for 24 hours.
  • Users are notified immediately if there is any suspicious activity on the account.
  • There is a sub-account login function in which a user can allow others to access his account with configurable permissions. The permissions allow the other person to create sub-accounts, to only view the account information without making changes, or perform withdrawals
  • Specific IPs and wallets can be whitelisted, allowing for withdrawals without having to load the withdrawal information every time.


Users’ funds are insured at US banks with the FDIC(Federal Deposit Insurance Corporation)


KYC registration is required to access all the features on the exchange. Without it, users can only explore the website without performing any functions. There are two tiers of KYC registration with different requirements for each. If you’re an individual, you’ll need to submit the following information for KYC:

  • Your full legal name as shown in your ID documents
  • Your address
  • Your date of birth
  • Your government-issued identification document
  • Your social security number
  • A document to prove your address
  • A selfie was taken with your ID document to confirm your identity, and
  • A document showing your source of funds.

For Corporate users, they need the following:

  • The Business name
  • The main office address
  • Tax identification number/Entity identification number
  • The formation documents
  • A list of all the major stakeholders
  • Government-issued identity documents
  • Social security numbers
  • Beneficial ownership documents 
  • Proof of address
  • A selfie was taken with the ID to confirm the identity
  • A document showing the source of funds.



There are two VIP levels on ftx.us:

  • VIP 1: This level is for users with a 30-day trade volume of at least $150M or a 30-day maker volume of at least $40M. They enjoy a discount of 0.04% on taker fees
  • VIP 2: This is for users that contribute at least 5% of the 30-day exchange volume. They enjoy a discount of 0.025% on taker fees and 0% on maker fees.

There are also three market maker levels on the exchange:

  • MM1: They contribute a maker volume greater than or equal to 0.15% of the exchange volume. These enjoy -0.0025% fees.
  • MM2: They contribute a maker volume greater than or equal to 0.5% of the exchange volume. These enjoy -0.005% fees.
  • MM3: They contribute a maker volume greater than or equal to 2.5% of the exchange volume. These enjoy –0.01% fees.

(The negative value before the fees is not a mistake, it means there are rebates on the fees)

In addition, there is a $1,000 prize per market for the largest market maker in that market.

For all spot markets, FTX US fees have a tiered structure that includes maker and taker fee


OTC(over-the-counter) trading refers to a private deal between two parties to exchange crypto. It is different from exchange trading, in which bids and asks are placed and executed by the exchange. Ftx.us has a dedicated website where users can get instant OTC quotes for significant coins.

If you are not fond of the ftx.us exchange, make sure to check out our guides on of wide range other cryptocurrency exchanges:


FTT is the native token of the FTX exchange. Staking it on the exchange offers various features like:

  • Increased referral rewards
  • Increased airdrop rewards(SRM)
  • Free FTX swag NFTs
  • Rebates on trading fees
  • Waived blockchain fees when withdrawing Erc20/Eth or Omni tokens
  • Initial exchange offering tickets
  • Bonus votes on community protocols.

Unfortunately, at the moment, FTT can not be traded on the ftx.us exchange. However, as the exchange keeps making strides in acquiring licenses in the country, this may soon change.


As is expected of a reputable organization, ftx.us doesn’t joke with customer support and training. There are training resources on the website, consisting of a blog and a help center at the bottom of the website’s home page. The help center directs users to about fifty well-written articles that explain different aspects of the ftx.us operation.

In addition to that, the exchange also shows its presence in major social media platforms, namely Facebook, Instagram, Twitter, Medium, and Telegram.

8.5 Total Score

Ease of use
Supported assets
  • Available for US users
  • Licensed & regulated
  • Good customer support
  • Easy to use
  • Low fees
  • Less features than its mother company FTX
  • Less listed coins
intelligent crypto
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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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