Cryptocurrency has exploded in the last few years, and getting involved could make you a lot of money. If you are interested in finding out more or are on the lookout for where you can buy or sell cryptocurrency, you might want to take a look at the FTX Exchange.
Finding a reputable exchange to trade is essential, and you will have to take into account the choice of coin on offer, the security, and the trading fees for each exchange.
One way to save money and get more from your exchange is by exploring our range of referral links. We have a vast choice, and you will be able to look at any particular account’s referral fees before making a decision.
Use Our FTX Referral Code For Discounted Trading Fees
Our extensive referral codes collection can help you save money when signing up for an FTX account. In fact, you will be able to save 5% on your trading fees for life. If you are serious about trading, this could add up to be a considerable saving over time.
You will also have the opportunity to generate referral codes to give to family and friends to earn you 30% of their trading fees for life. When you consider most other exchanges offer a commission that lasts for a limited period, you will be able to earn quite a bit if you invite the right people.
How To Use A FTX Referral Link
Using our referral codes, it is quick and easy to sign up for an FTX.US account and shouldn’t take longer than 15 minutes.
You will be able to complete the verification process using any government-issued ID like a driver’s license.
To sign up, all you need to do is click on the referral link that we provide. This will take you to FTX.US, where you will be able to follow the prompts on the screen to fill out the necessary information.
You will first be asked to enter your email and create a password before agreeing to the terms and conditions.
The next stage will require 2FA as a security measure. It is recommended to select ‘Authy/Google Authenticator’; however, you can choose a different method.
You will then be able to create your account by entering your country, and you will still have to verify the account.
Click on your email to continue the application process. This is found in the top right of the screen. You can then select the ‘Wallet’ option to submit your KYC information by clicking in the ‘Increase Withdrawal Limits’ section.
After you submit this, your account will be at level 1. In order to complete the verification process, you can click on ‘Verify Identity.’ Select the type of account you want and send your ID documents for review.
The ID verification approval process may be auto-approved but can take up to three business days to complete the full review.
How Does The FTX Referral Program Work?
The referral program at FTX.US is simple to use. The offer is automatically applied to the account as you sign up when you follow the link.
If you refer someone that signs up, you will make 30% of their trading fees for the length of their account.
If you have been invited, you will enjoy a 5% rebate on your fees, as well as the opportunity to invite people to join for the same referral bonus.
FTX referral program rules and regulations
FTX.US doesn’t have a massive list of rules for the referral program, making it easy to follow. You are not allowed to refer yourself or use an ad campaign on your referral link. If you violate the terms of the policy, FTX can remove your referral fees. FTX also has the right to reevaluate the rules of the program at any time.
How To Create Your Own FTX Referral Link
To refer someone to FTX.US, you need to go to the settings section of your account, where you will find your affiliate link. Each affiliate link is unique, and your referral code is the last seven digits of this FTX referral link.
When the invitee clicks on the link, they will be directed to the FTX.US site, where they can create an FTX account as usual. Their 5% fee rebate is automatically applied to the new account, and your 30% commission from their trading fees will be added to your account.
What Is FTT?
FTT or FTX Token is used to discount trading fees, OTC rebates, and as futures positions collateral. With plans to expand its reputation as the biggest and best cryptocurrency derivatives exchange, FTX provides futures trading, leveraged tokens, and OTC.
Discounts on fees can be used when FTT tokens are staked at FTX. Benefits from FTT staking include:
- A higher percentage of fees when you refer people to FTX.
- Free ETH and ERC20 withdrawals for stakeholders.
- IEO on projects and NFTs provided to stakeholders with high FTT token staking figures.
- Greater voting privileges at FTX.
FTX Commission Structure And Staking Rules
FTX.US offers a straightforward commission structure. You will receive 30% of the trading fees from the person you invite for the entire time they trade at FTX.US.
This commission can’t be increased. However, you can look into the FTX.US volume-based discount to enjoy more significant savings. Alternatively, you could concentrate on inviting more people to the platform and enjoy a more substantial amount of commissions.
FTX Volume-Based Discount
As well as the FTX referral program, there’s another way to save on FTX fees and make a discount on trading. While the standard FTX.US fees of 0.40% taker and 0.10% maker are competitive and better than the likes of Coinbase, you can enjoy more significant reductions by making use of the volume-based discount scheme.
Combining these discounts with your referral fees can result in one of the most competitive exchange fees on the market.
Marker and taker fees can be reduced from their current level when trading at the following volumes:
- Reduce your maker fee to 0.08% and your taker fee to 0.30% with a 30d volume greater than 100k.
- Reduce your maker fee to 0.06% and your taker fee to 0.20% with a 30d volume greater than 500k.
- Reduce your maker fee to 0.05% and your taker fee to 0.15% with a 30d volume greater than 1m.
- Reduce your maker fee to 0.04% and your taker fee to 0.10% with a 30d volume greater than 5m.
- Reduce your maker fee to 0.03% and your taker fee to 0.08% with a 30d volume greater than 10m.
- Reduce your maker fee to 0.02% and your taker fee to 0.07% with a 30d volume greater than 15m.
- Reduce your maker fee to 0.01% and your taker fee to 0.06% with a 30d volume greater than 30m.
- Reduce your maker fee to 0.00% and your taker fee to 0.00% with a 30d volume greater than 50m.
It is even possible to enjoy fee rebates when you take advantage of the ‘VIP and Marketing Program,’ however, qualifying for the program is rather difficult.
More About FTX
FTX.US is a US-based and focused crypto exchange platform that was created by a team with a background in Wall Street finance and tech.
With a wide range of cryptocurrencies to buy and sell, market-leading security solutions, market liquidity, and quick and easy depositing and withdrawal systems, they aim to grow into one of the top crypto exchange platforms in the US.
As well as helping its customers with their crypto trading needs, they have been able to donate over $10m to charities worldwide.
Standard trading fees are 0.10% maker and 0.40% taker. However, you will be able to check the section regarding volume-based discounts above to see how you can reduce this further.
FTX.US has a wide and varied selection of order types to choose from, including:
- Reduce Only Orders
- Limited Orders
- Stop-Limited Orders
- Market Orders
- Trailing Stop
- Trailing Take Profit
- Conditional Orders
- Post Only Orders
- Stop-Market Orders
- Take Profit Limit Orders
- Take Profit Market Orders
Which coins can you trade?
FTX.US has an extensive range of coins that you can trade, including the following:
- Basic Attention Token
- Bitcoin Cash
- Compound USDT
- Pax Gold
- The Graph
- Wrapped Bitcoin
FTX.US has a strong focus on security, and the first stage of that is the required 2FA and password strength during set-up.
Passwords must be strong enough to pass their test and contain special characters, numbers, letters, and no apparent pattern.
Two-factor authentication is also required for all withdrawals and password changes with all activity being tracked, and the user is notified if anything suspicious takes place.
It is also possible to create subaccounts to allow access for other people. You will be able to configure the settings, so they cannot withdraw, transfer, or trade.
FTX.US has multiple funding options, making it easy for you to deposit or withdraw from your account. Options include:
- Debit Card
- Credit Card
- Wire Transfer
FTX has some restrictions and can’t provide services to those in Crimea and Sevastopol, Iran, Cuba, Afghanistan, Syria, North Korea, Antigua, or Barbuda. In addition, corporate accounts from Ontario, New York State, and Japan are restricted, and there are some prerequisites for Hong Kong investors.
The FTX.US referral program is straightforward and to the point in giving its users a way to save and earn money for however long the account lasts. Although there are further options to reduce fees on the platform, the referral program itself lets you know precisely what is on offer.
As a relatively new exchange, there will be obvious shortcomings in comparison to larger, more established platforms. That being said, as a growing business, they are working hard to improve the services and range of coins available.
The easy-to-use platform has significant long-term savings and access to cryptocurrencies that are more difficult to locate on other platforms, so it is a great choice.
How long can you earn commission from FTX referral code signups?
At present, you will earn a commission for the lifetime of the account. FTX.US to have the right to alter the system, though.
Is the referral bonus only open to new users?
Existing customers are not eligible for the referral bonus as this will have to be entered when signing up. You will be able to refer friends and family, though, and this is a great way to earn money and help reduce your overall costs and trading fees.
Is FTX safe to use?
FTX.US works extremely hard to ensure the platform is safe. As with any platform, there will be some risks, but following the recommended security measures will help to keep your account secure.
What is the FTX card?
The FTX Card is a Visa debit card that is linked to your FTX US account. This allows you to pay for goods in stores that accept Visa debit cards without having to transfer or connect to your bank account.
All tokens can be spent this way and are only available to US residents with a valid SSN.ITIN.
Go to the signup section of the site to apply and click on the blue button that says “Verify identity.” Additional ID may be required for the verification process, including a picture of your face, a bank statement or utility bill that shows your address, and a form of ID.
You will then be able to fill out your personal details before reading the terms and conditions of the agreement.
If your application is successful, you will receive the card within 14 business days. You will be provided with your card information before this, so you can start using it online.
What is the FTX US NFT marketplace?
NFTs or Non Fungible Tokens are tokens that can be bought or sold but are unique. Individual items like works of art and digital images can also be cashed in like a ticket.
At FTX US, you will be able to bid on and buy NFTs, create and mint your own NFTs (subject to moderation), auction an NFT, hold them in your own NFT gallery or store them in your Web3 wallet, or redeem for services.
NFT fees at FTX.US are $1 to mint or list and 2% on sales.
I am new to cryptocurrency. How can I find out more about FTX.US?
Cryptocurrency is still a relatively new concept, and many people are just starting to show an interest. It is natural that you might feel out of your depth, but there is no reason to worry. FTX.US offers an exclusive learning hub that helps you learn more about the site.
You will be able to choose to learn more about the FTX.US interface for both mobile and desktop, so no matter what medium you prefer, you will find it helpful.
You will be able to find out more about markets, so you can check on price movements and create watchlists for crypto that interests you.
Further information on trading lets you chart different currencies, monitor activity, place orders, and navigate between available markets.
Your wallet is where you will keep your keys (individual passwords for your cryptocurrency), and you will be able to check your balance. From your wallet, you will be able to convert assets.
You will discover more information about how you can configure your individual security settings, create subaccounts, and access your referral code should you know anyone that might benefit from it. You can also access the helpdesk from the user tab if you need to ask any questions or get guidance on your account.
Is there an app available for FTX.US?
FTX.US users will be delighted to hear that there is an app that will give easy access to accounts, available to download for iPhones and Android mobile devices.
The app gives you the freedom to trade or check on your assets while you are on the move or away from your computer, ideal for those that like to stay on top of their investments.
How do cryptocurrency wallets work?
Cryptocurrency differs significantly from money the way we are used to. You can transfer your money from one bank account to another, carry out transactions, transfer it to other people, withdraw it, and hold a physical case. Cryptocurrency, however, will remain on the blockchain, and it is only your ownership that has value.
This ownership is proved by the ability to access it by using your private passwords or keys as they are known. When we talk about a wallet in this regard, it does not hold the cryptocurrency but the key.
Losing your key means you will lose ownership of the currency. Therefore it is essential to safely and securely store your key, so you do not lose it and are safe from cybercriminals.
This is where your wallet will come in. Different types of wallets offer various benefits, and it is really down to the user to determine which they prefer. The different wallet types include:
- Online Wallets – Online wallets are convenient to keep everything online and give you quick and easy access to using your cryptocurrency. They are two-step encrypted to ensure your cyber security.
- Paper Wallets – Paper wallets are when you keep your keys written down offline. This gives you protection against cybercriminals but can be inconvenient and runs the risk of losing or misplacing your keys.
- Hardware Wallets – Hardware wallets are the middle ground between paper wallets and online wallets. You can store them offline on USB drives and similar devices, but they offer more convenience than paper wallers as they can be copied and pasted when needed. However, like paper wallets, the risk is that they can be lost and result in you losing your cryptocurrency.
Is Crypto to Crypto trading possible at FTX US?
FTX.US does have the facility to allow crypto-to-crypto trading as well as fiat-to-crypto trading.