Introduction
When it comes to trading cryptocurrencies, FTX and FTX.US are two popular platforms that are often compared. While they share a similar name, they are actually two different exchanges with different features and target audiences. In this article, we’ll take a look at the differences between FTX and FTX.US, and help you decide which one is best for your needs in 2023.
FTX Overview
FTX is a cryptocurrency derivatives exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. The platform offers futures, options, leveraged tokens, and spot trading for a wide range of cryptocurrencies. FTX has gained a reputation for its innovative products, such as MOVE contracts that allow traders to bet on the volatility of cryptocurrencies.
FTX Features
One of the standout features of FTX is its user-friendly interface. The platform is easy to navigate, and the trading dashboard provides all the necessary information at a glance. FTX also offers a wide range of trading tools, including advanced order types, charting tools, and risk management features.
FTX Fees
FTX charges a competitive fee structure, with fees ranging from 0.02% to 0.07% depending on the trading volume. The platform also offers a fee discount for users who hold FTT, the native token of FTX.
FTX Security
FTX takes security seriously, and the platform has never been hacked. FTX uses cold storage for the majority of its funds, and also offers two-factor authentication and other security features to protect user accounts.
FTX.US Overview
FTX.US is a cryptocurrency exchange launched in 2020 by the same team behind FTX. Unlike FTX, which is available to users worldwide, FTX.US is only available to users in the United States. The platform offers spot trading for a range of cryptocurrencies, and has plans to expand its offerings in the future.
FTX.US Features
FTX.US offers a similar user-friendly interface to FTX, with a clean and intuitive design. The platform offers a range of trading tools, including advanced order types and charting tools.
FTX.US Fees
FTX.US charges a competitive fee structure, with fees ranging from 0.10% to 0.20% depending on the trading volume. The platform also offers a fee discount for users who hold FTT.
FTX.US Security
FTX.US takes security seriously, and the platform has never been hacked. FTX.US uses cold storage for the majority of its funds, and also offers two-factor authentication and other security features to protect user accounts.
Key Differences Between FTX and FTX.US
While FTX and FTX.US share many similarities, there are some key differences between the two platforms. The most notable difference is that FTX is available to users worldwide, while FTX.US is only available to users in the United States. Additionally, FTX offers a wider range of trading products, including futures and options, while FTX.US currently only offers spot trading.
Which One Should You Use?
The answer to this question depends on your location and trading needs. If you are based outside of the United States and are looking for a wider range of trading products, then FTX is likely the better choice for you. However, if you are based in the United States and are looking for a reliable and user-friendly spot trading platform, then FTX.US is a great option.
Conclusion
FTX and FTX.US are two popular cryptocurrency exchanges that offer a range of trading products and features. While they share a similar name, they are actually two different platforms with different target audiences. By understanding the differences between the two, you can make an informed decision on which platform is best for your needs in 2023.