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FTX.US offers advanced trading options, plus access to NFTs and low fees. But if you’re looking for more obscure cryptocurrencies, you might want to check out other exchanges that offer a wider variety crypto assets.

FTX.US is an American partner of FTX, which was founded in 2019 and is based in the Bahamas. The U.S. company was founded in 2020 and is based in San Francisco. Residents of the United States must use FTX.US, as the main version of FTX is not available to U.S. traders. FTX.Us is not available to New York state residents. 

The leadership team at FTX.US is made up of former employees at finance and tech companies, and the company prides itself on being designed by and for crypto enthusiasts. In addition to offering crypto and fiat trading pairs, FTX.US also offers a nonfungible token market where creators can mint NFTs for sale, and buyers can make purchases from creators.

FTX.US is regulated in the United States, and does business as West Realm Shires Services, which can provide some peace of mind for traders. However, keep in mind that crypto assets aren’t protected by Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation insurance (SIPC), although U.S. dollar funds are FDIC-insured. The FDIC supervises financial institutions for consumer protection and insures deposits, in order to maintain public trust in and stability of the United States financial system. The SIPC aims to restore investors’ cash and securities when a brokerage firm fails. 

Pros and Cons of FTX.US


  • Relatively low fees

  • Advanced trading options

  • Access to fiat pairs as well as cryptocurrencies

  • Mint your own NFTs to sell


  • Few coin options

  • Might be more appropriate for advanced traders

  • Limited customer support options

  • Some information is hard to find, such as trading price minimums

  • Not available to New York state residents

FTX.US At a Glance

  • Less than 30 cryptocurrencies available
  • Allows some fiat pairs
  • Centralized
  • Tiered fee structure based on volume 
  • Custodial wallet available at FTX.US
  • Get a free coin with every trade over $10
  • Payment processor with FTX pay
  • FDIC insurance available on U.S. dollar funds held at FTX.US
  • Mobile app available for iOS and Android

Cryptocurrencies Available on FTX.US

While FTX.US offers advanced trading options, you won’t see a wide selection of cryptocurrencies (fewer than 30). However, FTX.US does offer access to major cryptos, including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Tether (USDT)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • ChainLink (LINK)
  • Uniswap (UNI)
  • Aave (AAVE)

In addition to cryptocurrencies, FTX.US offers spot trading between the U.S. dollar (USD) and the following fiat currencies:

  • Euro (EUR)
  • Canadian dollar (CAD)
  • Great Britain pound (GBP)
  • Australian dollar (AUD)


FTX.US uses a maker-taker spot trading model. You can set a limit order, as a “maker,” creating a price at which you want the transaction to occur. As a “taker,” you execute a market order, which results in you completing the transaction at current market prices. In general, a maker pays lower fees on FTX.US than a taker. Fees are arranged in tiers, which are based on your 30-day trading volume and get lower if you’re more active.

  • Maker fees range from 0.00% to 0.10%, based on your tier
  • Taker fees range from 0.05% to 0.40%, based on your tier

In general, you will pay fees based on the target currency and your status as maker or taker. For example, if you want to trade BTC/USD, as a taker, you’d pay fees in U.S. dollars, while the maker on the selling side of the transaction would pay their fees in Bitcoin.

ACH Fees

FTX.US charges an ACH transfer fee of $0.50, whether you deposit or withdraw. However, you can avoid this fee on deposits if:

  • It’s your first ACH deposit
  • You’re depositing more than $100
  • You deposit at least $10 and made a deposit within a week

This means you are better off doing fewer larger amounts than more frequent smaller amounts, though this is mitigated by the exemption for subsequent deposits within a week.

Crypto Fees

There are no fees for deposits, and you will only see withdrawal fees on the Ethereum and OMNI tokens. In those cases, you’re responsible for gas fees.

NFT Fees

If you mint an NFT on FTX.US and list it for sale, you pay $3. When you sell the NFT you pay a 2% fee for sales or trades. If you withdraw an NFT using the Ethereum blockchain, FTX.US will subsidize some of the gas fees. However, the amount you pay depends on network congestion and other factors.

Wire Fees

There are no fees charged on wire deposits, although your bank may charge a fee. If you withdraw more than $5,000, there is no fee. However, you can withdraw less than $5,000 for free once in a rolling one-week period. If you engage more wire withdrawals, each one incurs a $25 fees.

Margin Fees

Though this feature is more geared toward advanced crypto traders than beginners, FTX.US allows you to trade on margin, which is when investors attempt to multiply earnings via borrowing. You’ll pay fees on interest payments made. Your borrow rate is calculated using a formula that includes your lending rate and spot margin rate. 

FTX.US Security

FTX.US offers industry-standard security. In addition to cold wallet solutions, the company externally backs up hot wallet funds. Additionally, you’ll have FDIC insurance for funds held in fiat U.S. dollars. But crypto assets, including USDT, are not covered by FDIC insurance.

Additional Details

Margin Trading

For more advanced investors who meet the threshold for margin trading, which includes having at least $100,000 on the exchange, you can trade more than you have in your account. Margin spot borrowers can access up to 10x leverage. However, there must also be at least 10% collateral. If the margin fraction drops below 0.05, FTX.US will begin to liquidate, and margin can be closed outright. Margin trading has the potential to magnify gains, but it can also magnify losses.


If you want to earn money by lending your assets, you can add coins to a lending pool. This is another feature better geared toward more advanced investors, and as with margin trading, you must meet certain thresholds. You receive interest on an hourly basis, so this can be one way to earn extra crypto. However, while you are earning interest, your crypto assets are locked.


FTX.US provides offers FTX Pay to help you get paid quickly in crypto or fiat currencies. This feature is customizable and can be used with the FTX account or with an external wallet, if you want to use FTX Pay with decentralized finance apps.

FTX Debit Card

This is a Visa debit card connected to your FTX.US account. You can use the card to pay for goods and services based on your account balances with the exchange. The card lets you spend U.S. dollars or any cryptocurrencies you have, though in general experts say it doesn’t make sense to use crypto for everyday purchases. However, if your account doesn’t have enough total value to cover the transaction, it will be declined, unlike other cards that might offer overdraft protection.


You can create, buy, sell, and trade NFTs using FTX.US. You have the option to mint your NFTs using the exchange, or send the NFTs to the exchange from elsewhere using your wallet. FTX.US is compatible with NFTs on both the Ethereum and Solana blockchains. Floor prices, meaning the lowest price you can pay to become part of an NFT project, are available in fiat currency or in cryptocurrency. 

Who Is FTX.US Best For?

FTX.US is best if you’re an intermediate to advanced crypto trader looking for more advanced features and abilities. You need to meet specific thresholds to use the margin and lending features, so you are more likely to benefit if you have a large amount of crypto assets. Additionally, FTX.US can be useful if you’re interested in DeFi applications and want to manage payments using FTX Pay.

While fees are low, FTX.US does have a learning curve, which might make it challenging if you’re a beginning crypto trader who isn’t familiar with a spot trading model. 

How to Open an Account with FTX.US

To set up an account, start by clicking the “Trade Now” button on the front page. You will need to provide your email and create a password that meets basic security requirements. After you select your country, you can go through the verification process for your identity. This includes providing the following information:

  • Name
  • Birth date
  • Phone number
  • Address
  • Social Security number

You can also verify your identity using a photo ID and selfie. Once that’s done, you should be able to begin trading after you connect a funding method, including your bank, or sending crypto from your wallet to the exchange. FTX.US notes that it can take one to three business days to review your information if you don’t get automatic approval.

FTX.US Compared to Others

FTX.US Binance.US Coinbase
Coins 20+ cryptocurrencies 65+ cryptocurrencies 150+ cryptocurrencies
Fees Spot trading fee from 0.0% to 0.4% 0.1% trading fee, but you can get a 25% discount on your fee if you hold Binance coin 0.50% spread; Trading fee between 1.49% and 3.99% (or $0.99 to $2.99 flat fee)
Wallet storage With the exchange or transfer to your own wallet With the exchange or transfer to your own wallet On the exchange, Coinbase Wallet or transfer to your own wallet
Minimum trade Depends on the pair $10 $2

Frequently Asked Questions

Can I use FTX in the U.S.?

You can’t use the original FTX in the United States, due to regulatory requirements. However, there is a separate exchange, FTX.US designed for U.S. residents. The cryptocurrency choices are more limited, as are some of the other aspects of the exchange. However, for those who want access to the low fees and some of the features offered by FTX, it can be an alternative.

Can you trade stocks on FTX.US?

Currently, you can’t trade stocks on FTX.US. However, there is a waitlist and the exchange says stock trading is coming soon.

Is FTX.US legit?

FTX.US is a legitimate cryptocurrency exchange that complies with U.S. regulatory requirements. It is registered with the Financial Crimes Enforcement Network (FinCEN) and has been through a U.S. Generally Accepted Accounting Principles (GAAP) audit process. Additionally, U.S. dollar funds held with FTX.US are FDIC-insured. However, crypto assets are not insured, as they aren’t eligible for FDIC or SIPC insurance.

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