Created by crypto traders for crypto traders, FTX is a derivatives trading platform that has taken the cryptocurrency trading industry by storm.
The platform stands out from the competition by offering its users a wide range of indices and leveraged tokens to trade. In this FTX review, you will learn everything you need to know before signing up, as well as the strengths and weaknesses of the platform.
Is FTX safe?
The FTX crypto exchange was designed as a very powerful and versatile trading platform similar to bitcoin profit to meet the needs of professionals and beginner traders. In this section of the FTX review, I will take a critical look at the security features, customer protection, and level of safety users can expect when trading on the platform.
FTX Security and Protection Review
FTX implements numerous security measures on its trading platform to ensure that the website, the trading platform, users, and user funds are always safe, secure, and protected. In this section of the FTX review, I will list some of these steps:
- 1. Use of offline cold wallet storage:
FTX uses a multi-signature offline cold wallet storage system to store 100% of customer funds. These cold storage wallets require the availability of all signers’ keys to access the funds.
- 2. Use of 2FA security:
FTX offers its users the option to enable two-factor authentication method for their new account. With this authentication method, you can easily be notified and informed of all financial transactions and major changes made to your account settings.
For an additional layer of security, FTX performs a manual review of all transaction requests to quickly detect any form of discrepancy and prevent money theft. As an extra level of security, you have the option to set a separate password for executing any withdrawal transactions.
- 3. Technologically advanced trading platform:
The fact is, the FTX trading platform was built using the latest state-of-the-art web development and security technologies. The platform is hosted on Azure FTX, a host that leverages the Microsoft Security Framework to provide additional security to its servers and networks.
Current growth rate of FTX and future plans
Since its inception, FTX has experienced massive growth and has achieved even greater dominance, becoming a leader in the crypto industry after introducing many new trading features, options, asset classes suitable for crypto index trading, and introducing indispensable trading tools that are absent from the crypto market and other trading platforms.
FTX has also continued to develop all aspects of its derivatives trading operations with constant updates to its trading platform and will continue to introduce new and better features and technologies in its platforms, sparing no expense to ensure its trading platform remains safe and secure for clients at all times.
FTX Currency Support Review
FTX offers traders the opportunity to speculate on a wide range of cryptocurrencies, stocks, tokens, fiat currencies, and crypto indices.
• Bitcoin
• Ethereum
• Litecoin
• Restwelligkeit
Traders can also easily hedge their crypto exposure on FTX with a basket of crypto assets created in the form of a crypto index fund — the first in the crypto trading industry.
