There has been a significant shift to the crypto market as a source of investment in recent years.  Investing in the stock market, commodities, and cryptocurrencies have become more accessible as app developers have created various investing platforms. One such service that can render a hassle-free experience is FTX. It is a comprehensive app that lets you quickly and easily monitor all digital assets in one place. Because of the enormous growth in the value of digital assets, there has been a lot of hype for potential investors. FTX caters to the needs of the investors by being a safe, easily accessible, and versatile online space.

FTX Trading App

Blockfolio was an app designed for the management of cryptocurrency investments. It gives full autonomy to the users to make decisions independently and track their portfolios anytime they want. This app came into existence in 2014 and continues to be a reliable trading platform. In 2020, FTX acquired Blockfolio and renamed it FTX. At present, this app has around six million users and gives access to approximately 10,000 cryptocurrencies. Whether you are a speculator who wants to get updated with the latest trends and prices or a keen investor, the FTX app is for you.

Along with the numerous options available in the app, its accessibility in more than 200 countries has made it an exceedingly popular choice worldwide.

Why Go With the FTX Trading App

Modern online trading platforms have made it easier for investors. FTX is an excellent choice for exchanging cryptocurrency and is well-suited for newcomers and existing investors. It offers simplicity for beginners and a plethora of options for more advanced traders.

The Significant Features of FTX

1. Reasonable Fees

A significant advantage of the FTX trading app is its low user fees. The maker and taker fees are relatively low compared to the fees on similar apps. Makers are the traders that create orders and wait for them to be filled, while takers are the ones that fill someone else’s orders.

The platform allows you to invest with maker and taker fees starting at 0.10% and 0.40%, respectively. However, you can further lower these fees by doing high-volume trading with FTX. You have access to services like trade execution, market predictions, and predictive analytics with minimal costs.

2. A Wide Range Of Selection

FTX supports around 275 cryptocurrencies, which is more than most platforms. You can use it to get updates and news for over 10,000 cryptocurrencies. Plus, it allows you to track more than 500 exchanges to ensure that you have the knowledge to make a suitable investment.

You can instantly transfer funds in any cryptocurrency, including Bitcoin, Altcoin, Stablecoins, Litecoin, and Ethereum. The cryptos available in the United States are Solana (SOL), Tether (USDT), Uniswap (UNI), Bitcoin (BTC), SushiSwap (SUSHI), Dogecoin (DOGE), and many more. Outside the United States, you can access other crypto coins, like Bitmex (BTMX), Akropolis (AKRO), and a multitude of others.

3. NFT Marketplace

NFTs stand for non-fungible tokens, and the FTX app has a full-fledged marketplace of NFTs known for their digital art and assets collection. You have options on FTX and FTX.UC to purchase, store, sell, or bid on these tokens. Additionally, it allows you to auction your NFTs after minting or creating them.

4. Easily Accessible App

Getting access to FTX is relatively straightforward and is accessible on both Android and iOS. All you have to do is download the app from either the Apple Store or the Google Play Store. The registration process for new users is very quick. After downloading the app, click on the Register Tab to enter your name and email address. Then, generate a password and hit the Sign-Up button. You will then verify your email address with two-factor authentication (2FA). Before the know your customer (KYC) verification, you can deposit funds and withdraw up to $1,000. However, if you want to increase your withdrawal limit, you can opt to complete KYC verification.

Conclusion

FTX has gained a lot of popularity due to its features and functionality. It gives you full access to the derivative trading market along with updated information regarding the stocks, currencies, and coins you may be planning to buy, sell or exchange. This digital exchange is effortless to access and suitable for newcomers and seasoned traders.

FTX has made significant improvements to the overall function of the app since its purchase. They have various offerings like leveraged tokens, spot markets, futures, options, MOVE bank, and more. So, familiarize yourself with the functions and features of the app and then begin your investing journey.

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