21 Dec FTX Token (FTT) Overview
If you are a trader with experience, you have probably heard about the FTX crypto exchange or even used it many times. It is a well-known platform with an excellent reputation, focusing on advanced trading tools such as:
- futures trading;
- margin;
- leverage.
It also provides spot trading, stocks, forex, and other advanced markets.
Unfortunately, since the regulation of the crypto market in the USA is rather strict compared with Europe, the FTX exchange is not available for US residents with its full set of tools. Instead, there is an FTX department in the USA offering limited tools for traders in the region.
The platform has its native FTX token. Let’s take a closer look at it.
What is FTT Crypto?
Since the FTX crypto exchange is massively used by advanced crypto traders, its native asset – FTT coin, has also become popular. Its price has significantly increased during the year, and as of mid-September 2022, it is traded at $23,21.
The FTT crypto owners receive discounts for trading fees within the FTX platform, which is the main reason why this coin has gained popularity.
The FTX token is used for crypto staking. Those leaving the asset locked receive a profit in the form of additional coins accrued on the account. However, staking conditions are strict and impose penalties for those unlocking the tokens before the staking contract expires. So be attentive when reading the staking conditions.
Where Can I Buy FTT Coin?
Being a fairly popular crypto asset, the FTX token has been listed on all large and credible crypto exchanges, including the biggest crypto platform in Europe, WhiteBIT. The exchange allows to buy crypto with fiat currencies using your bank card. This option is available only to registered users who passed the KYC verification. The platform is focused on users’ security and complies with all the AML and KYC rules. WhiteBIT is suitable for both advanced traders and beginner users. The exchange’s interface can be customized according to the user’s needs. The exchange has hundreds of positive online reviews and an engaged community of users.
