1. FTX

FTX was established in May of 2019 and is currently led by Sam Bankman-Fried, the CEO. Bankman-Fried is a physics graduate of MIT and an excellent choice to lead the exchange.

Binance was one of the first to invest in the FTX exchange, which is a positive indication of the exchange’s reputation. When crypto traders ask if FTX is legit, the answer is unmistakably yes; otherwise, Binance would not have partnered with them.

FTX Exchange ($FTT Token) is a leveraged cryptocurrency trading site that also allows users to derivatives trading. The main benefit of FTX is that it was created by experienced traders from “Alameda research” – a quant trading company that accounts for 30% of the stock trading volume on major exchanges.
MOVE indices track the volatility of cryptocurrencies, and leveraged tokens (such as the 3XBULL tokens) are long positions defined by ERC-20 tokens, which are not available on other exchanges. We’ll go over the items available and how to use the FTX exchange in this review.
We’ll also look at platform safety features including liquidation and clawback security. Finally, we’ll look at FTX trading fees and discounts (like the $FTT native platform token).

FTX, like most markets, has a tier system for trading fees. The lower the fees, the more you exchange in a given month. The first tier has a 0.02 percent creator fee and a 0.07 percent taker fee. From there, the fees decrease, and more detail can be found here.

FTX gives a discount to anyone who owns their exchange token: FTT, similar to Binance for their BNB token. For example, someone who holds $100 in FTT will see a 3% reduction in trading fees, while someone who holds $50,000 will see a 20% reduction in fees.

FTX has no deposit or withdrawal fees, making it one of the best cryptocurrency trading deals available.

FTX Sponsorship

Under a $135 million contract approved by Miami-Dade commissioners on Friday, the Miami Heat’s home court will be renamed FTX Arena, allowing the mysterious blockchain exchange to replace American Airlines as the state’s top sports sponsor.

Approval of the 19-year deal for naming rights at the county-owned arena will bring the venue’s first name change since it opened in 1999 with a New Year’s Eve Gloria Estefan concert. The FTX logo would replace the classic silhouette of an airplane on the top of the “AA Arena,” giving the firm with a Hong Kong-based platform for buying and selling Bitcoin and other digital currencies unparalleled exposure.

The FTX contract will give the proposed services $8.2 million in 2021, with around $5.7 million going to the package Levine Cava would bring to commissioners with the remaining $2.5 million going to organizations and programs in commissioners’ districts. Payments on the front-loaded contract will be below $2 million until 2023, which will total $4.7 million a year until 2040. The intention, according to Levine Cava, was to get the FTX logo on the arena for the 2020-21 NBA season, which begins this summer.

Bankman-Fried told NBC 6 that he intends to capitalize on his investment by assisting local companies in accepting cryptocurrencies such as Bitcoin.

FTX Charity works

FTX was founded with the goal of donating to the world’s most effective charities. FTX, its affiliates, and its employees have donated over $10m to help save lives, prevent suffering, and ensure a brighter future.

That is why the FTX Foundation was created. Its goal is to make the planet a better, not just better, place by carefully considering where their Dogecoins will do the most good. However, the launching of the FTX Foundation is with the assurance that FTX consumers will have a significant say in how the funds are allocated.

Pledging to allocate 1% of FTX’s revenue from fees to the FTX Foundation. You’ll be able to see the amount pledged tick up in real time. We hope you’ll find it as exciting as we do, to make the progress we make, together.

FTX has a mobile app is available for Android and iOS mobile devices and provides an easy way to buy, sell, trade cryptocurrency! The exchange is constantly evolving and started to offer stocks, prediction market, leveraged token and volatility contracts with lots more to come in the following month.

2. Binance

Binance is a successful cryptocurrency exchange that began in China before relocating to the crypto-friendly island of Malta in the European Union. Binance is well-known for its cryptocurrency-to-cryptocurrency trading services.

Binance is well-known for its large selection of support coins. Traders can use the exchange to trade a variety of digital currencies, such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple, and others.

Binance is now very quick to add new coins and tokens following their initial coin offerings (ICO), which means you can buy them at a low price and win later on.

The Binance Coin, which was distributed during their own ICO, is also worth noting. The Binance coin can be used to pay fees, and it will also be one of the main base currencies in their future plans to create a Decentralized Exchange. Purchasing the Binance coin seems to be a successful long-term investment since the exchange aims to use its earnings to buy back a fraction of the coins per quarter and remove them, reducing the stock and increasing the value for investors.

Despite the fact that Binance is one of the newest cryptocurrency exchanges on the market, it has rapidly earned the confidence of its users and the digital currency group. However, the exchange does not offer adequate transparency to customers on how their assets are protected, despite our desire to assume that protection is a priority. It is possible to use two-factor authentication, which is often a welcome sight. The platform does, though, include a multi-tier and multi-tier system architecture.

Binance offers a wide range of products and features that include:

• Buy crypto using over 60+ fiat currencies
• Supports multiple payment options such as bank deposit and credit/debit card
• Basic and advanced trading charting to suit users of varying skill
• Margin trading platform to trade crypto with leverage
• Derivatives and leverage tokens
• A secure Binance wallet to store cryptocurrency assets
• Binance saving accounts to earn interest on crypto
• Crypto loans and Binance staking pools
• Binance VISA Card to covert and pay with crypto