FTX Referral Code & Full Review

ftx review

FTX is a low-fee cryptocurrency exchange that allows users to trade crypto, fiat, stocks, and a wide variety of financial assets. Users who sign up using our Referral Code BESTBONUSNOW , or through our FTX referral link will receive 5% off their trading fees!

FTX.us Referral CodeBESTBONUS
OfferSave 5% on your trading fees by using the code above or following our FTX.us link.
Terms and ConditionsNew users only. Must be 18+. Valid at FTX.us
Last VerifiedAugust 2022

Key features

  • One of the most popular crypto exchanges
  • Very competitive trading fees
  • FTX.com is not supported in the US, but its sister site, FTX.us is.
FTX Review

The FTX.com Homepage

What is FTX?

FTX is a crypto exchange that allows users to buy crypto by paying in fiat, or to swap between cryptocurrencies. The platform supports a wide variety of popular coins, as well as advanced order types. Due to regulations, the main FTX site is not available in the US. US residents can instead use the fully-featured FTX.us.

How does FTX work?

FTX supports deposits into its platform from fiat onramps such as credit/debit cards and bank wires. Upon signing up, users can enter their payment information and transfer fiat funds into FTX. Deposits in crypto are also supported from existing crypto wallets, allowing users to swap any of their existing crypto into any other assets provided by the FTX platform. 

The platform supports depositing money across different blockchains such as Ethereum, Solana, Tron etc. Gas fees differ across these blockchains so this is an important feature to be aware of, especially for larger transactions.

Unlike other platforms, FTX provides prediction and volatility markets, as well as tokenized stocks, and a whole host of advanced trading features. Users can also lend their crypto to others for on-margin trading and, in return, earn a yield for these loans.

FTX fees and costs

FTX uses a tier structure to determine fees based on 30-day trading volume. The fee figures are below:

FTX review

Users who transact on the platform will pay different fees depending on whether they are market makers or market takers. Market maker trades take a longer time to execute and usually complete at a lower underlying asset price than market taker fees which are usually the first transactions to complete, since buyers bid more for the underlying asset. 

While the platform is famous for its low transaction fees compared to other cryptocurrency exchanges, there are several ways to bring down these fees even more. 

  1. Use a referral code
  2. Hold the $FTT token
  3. Stake the $FTT token.

Use a referral code

Users who sign up using our Referral Code BESTBONUSNOW, or through our FTX referral link will receive 5% off their trading fees!

Hold the $FTT Token

Holders of the $FTT token get additional fee discounts just for owning the token. $FTT can be purchased here. Please note: The $FTT holdings discount cannot decrease taker fees below 0.015%.

FTX review

Stake the $FTT Token

Users who stake $FTT tokens will get a maker fee rebate. According to the FTX website, “$FTT stakers receive maker rebates up to 0.0030%, and it costs only 25 $FTT to have 0 maker fees.” $FTT can be staked by following the steps here.

Other Fees

FTX charges no deposit or withdrawal fees for most assets. ETH, ERC-20 tokens, and small BTC withdrawals do fetch a fee, but staking $FTT allows these fees to be waived as well

A number of the more complex trades such as spot-margin borrowing and leveraged tokens also charge certain fees. The full list of fees can be found here.

FTX pros and cons


  • Low fees
  • Supports more fiat than other exchanges
  • Powerful trading tools


  • Does not support the US
  • Has not been around for long
  • Not that many cryptocurrencies supported


Low Fees

FTX’s fee structure is one of the biggest differentiators when comparing it to other exchanges. The platform charges no withdrawal fees for the majority of its crypto assets and there is also no minimum transaction size. Owning and staking the native $FTT grants an even bigger discount on trading fees, making FTX a prime choice for anyone looking to get as much out of their trades as possible.

Supports More Fiat Than Other Exchanges

The majority of crypto exchanges support trading just between cryptocurrencies and between fiat and currency pairs (liquidity pools). FTX is unique in this respect since it has support for actual currency trading. The platform offers highly liquid markets for EUR/USD as well as CAD/USD, GBP/USD, and USD/JPY. 

Powerful Trading Tools

FTX review
Some of the FTX trading features

FTX is a trading powerhouse. The exchange features volatility markets, tokenized stocks, and options for leverage trading that are not found through other exchanges. Advanced trading tools include:

  • Stop-loss limit
  • Stop-loss market
  • Trailing stop
  • Take profit
  • Take Profit limit orders

These allow sophisticated traders to buy and sell crypto automatically based on market price moves. 


Does Not Support the US

Due to stringent regulatory restrictions, the main FTX website is not available for traders residing in the US. Thankfully, the team behind FTX has brought us FTX.us, a fully compliant US-based crypto exchange that includes most of the features of the main FTX site. Notably missing from the US site, however, are the fee discounts for owning $FTT, as well as a number of cryptocurrencies that can be found on the main FTX site.

Has Not Been Around for Long

FTX was launched in 2019 by crypto savants Sam Bankman-Fried and Gary Wang. While the team has made incredible progress over the last three years, and the FTX exchange is growing faster than ever, the fact remains that it is a nascent platform. In contrast, other exchanges like Coinbase have been around since the early 2010’s and have had years to battle-test their security and establish longevity for their business. 

Not That Many Cryptocurrencies Supported

While the platform currently offers over 300+ cryptocurrencies for trading, other exchanges offer an even bigger selection. This means that for some coins that you may be looking to buy, FTX may not be an option. The platform provides a list of tokens that include the most popular cryptocurrencies such as BTC, ETH, and others, however many lower volume coins (sometimes called “altcoins”) are missing from the platform.

Who should use FTX?

FTX is a great option for anyone looking to exchange crypto or buy crypto using fiat money. Additionally, the platform supports a wide range of trading tools, markets, and assets to provide a full feature set for everyone from beginner to power user.


The FTX platform is straightforward to use. Despite the powerful feature set, everything is easy to find and navigation is a breeze. FTX does offer a mobile app that bundles some of its other offerings, such as FTX US, all in one simple application. 

Trading tools and features

Futures Market

The FTX futures market offers a number of different futures contracts tied to underlying token assets. Many of these contracts are perpetual futures that closely track the underlying asset price but without the hassle of having to actually hold the asset. Futures markets also enable trading on margin. 

Spot Market

FTX users can buy and sell any FTX supported assets through the spot markets. These markets use liquidity pools that pair two assets together (such as BTC and USD) to trade. Each of these markets ensures lots of liquidity, ensuring the exchange can fill orders immediately for a wide range of assets.

Tokenized Stocks

FTX offers tokens that track underlying equity values of existing public companies such as Tesla, MicroStrategy, Amazon, Apple, and others. These tokenized stocks allow users to trade what are essentially stocks, but with the convenience of cryptocurrencies. Please note that in order to trade tokenized stocks, users must be at least KYC level 2.

Leveraged Tokens

The platform also provides a set of leveraged tokens that allow users to earn leveraged returns on a market. For example, the 3x ETH token (listed on FTX as the ETHBULL token), will earn $3 for every $1 that Ethereum goes up in price. The -3x ETH token (listed as the ETHBEAR token) will lose $3 for every $1 that Ethereum goes down in price.

Volatility Markets

Volatility markets track the implied volatility of crypto assets. FTX currently offers these for Bitcoin. The platform supports a rolling set of volatility markets as well as time-bound markets that track Bitcoin volatility over a set of days, weeks, or months.

Prediction Market

A prediction market trades on the likelihood of an event occurring. Generally, these markets resolve to $1 if the event occurs, and $0 if the event does not occur, trading somewhere in the middle the entire time leading up to the event or the specified expiration date of the market. A popular prediction market on FTX currently is predicting whether or not Donald Trump will be elected US president in 2024.


Users can lend any assets they hold, including fiat currencies. When lending, users pick out a minimum interest rate that they want to charge for lending out their assets. FTX will automatically fetch as high of an interest rate as possible, and stop lending if the market interest rate falls below the user-specified minimum.


Purchased $FTT token can be staked through the FTX platform to earn a variety of benefits. These benefits are normally in the form of reduced transaction fees. The more $FTT is staked, the more fee discounts users will earn.

Crypto investing

FTX currently supports trading over 300 different cryptocurrencies, with more being added regularly. The full list of supported assets can be found here. Below is an incomplete list of the most popular tokens on the platform:

  • Bitcoin
  • Ethereum
  • Solana
  • Matic
  • Binance
  • Tether
  • Dogecoin
FTX Review

Some of the tokens available to trade on FTX

‍Buy, Sell, or Trade Gaming NFTs or Tokens with FTX 

In addition to traditional cryptocurrencies, FTX supports a wide range of play-to-earn game tokens and NFTs. Remember, to get 5% off your FTX trading fees, use our referral code: BESTBONUSNOW, or sign up through our FTX referral link.

Gaming Tokens

Most play-to-earn games have some sort of ecosystem token that facilitates in-game transactions, grants governance rights, or a combination of the two. Below is an incomplete list of some of the popular gaming tokens available for trade on FTX:


The FTX ecosystem supports buying, selling, and minting NFTs, but not through the main FTX.com site. Rather, the NFT marketplace is a part of FTX’s sister site, FTX.us. This site can be used by people from all over the world, even those outside the US, with a few restrictions. To learn about trading NFTs through FTX.us, check out our FTX.us guide.

How to sign up for FTX

Step 1: Navigate to the FTX.com website. Use our referral code: BESTBONUSNOW, or sign up through our FTX referral link to get 5% off your FTX trading fees!

FTX Review

Step 2: Click the “Create a free account” button in the top right.

FTX Review

Step 3: Upload your identity documents for verification.

FTX Review

Best FTX alternatives

  • Coinbase: One of the biggest and most beginner-friendly exchanges. Coinbase isn’t as fully-featured in advanced trading mechanisms as FTX is, but it is easier to get onboarded and get started.
  • Gemini: As a fully polished exchange that comes with its own NFT platform, Gemini is a good choice for anyone looking to get started investing in cryptocurrencies or NFTs.
  • Binance: In terms of trading volume, Binance is the biggest cryptocurrency exchange in the world. It offers a wide range of crypto assets, but falls behind FTX with limited derivatives markets and the lack of volatility and prediction markets.

To sum it up

As one of the biggest exchanges, FTX is a solid product used by millions of active traders. Backed by an exceptional team, an ambitious roadmap, and a fully featured set of advanced trading tools, FTX is one of the best choices for anyone looking to trade crypto.


add remove Why is FTX not allowed in the U.S?

Due to stringent US regulations around the trading of cryptocurrencies and securities in general, the platform is not available to US residents. FTX have created a separate site, FTX.us exclusively for their US customers.

add remove Is FTX a good crypto exchange?

FTX is one of the best crypto exchanges and it offers a full feature set for both beginner and advanced traders.

add remove Is there an FTX app?

Yes, FTX has an app for both iOS and Android.

George is a tech writer interested in web3 startups and communities. In the dynamic world of crypto, he stays plugged in to the day-to-day headlines, deep dives, and industry commentary.