FTX Crypto Exchange Review - Spot Trading Fees Comparison

FTX Crypto Exchange Review – Spot Trading Fees Comparison

FTX crypto exchange review compares spot trading fees, listed markets, derivative markets, and much more. 

FTX has become one of the top Bitcoin and altcoin crypto exchanges and trading platforms in a short time. 

They have achieved this by offering a user-friendly user experience with very competitive trading fees and staking benefits.

What is FTX Crypto Exchange?

The FTX crypto exchange was founded in 2018 and is a centralized trading site for cryptocurrency derivatives and leveraged products.

The founder is Sam Bankman-Fried, an MIT graduate with a degree in physics. Sam is a former trader on Jane Street Capital international exchange-traded funds (ETFs).

He traded futures, currencies, and equities, and designed their automated OTC trading system.

FTX and its FTX US affiliate are both based in the Bahamas and they have an overlapping management team but separate capital structures. Residents in the USA can only trade through FTX US.

FTX Trading Features

FTX offers a range of trading and investment-related products, including 

  • Spot trading
  • Crypto futures
  • Crypto options
  • Volatility products
  • Leveraged tokens
  • Staking
  • FTX Card
  • OTC

and more.

FTX Trading Fees Comparison

FTX crypto exchange has a tiered trading fee structure for futures and spot markets, as you can see in the screenshot.

The default FTX trading fees are already low compared to many other crypto spot market trading fees.

However, there are several ways to reduce the FTX trading fees.

For example, FTT stakers receive maker rebates as low as -0.0030%, and it costs only 25 FTT to reach the first tier level for trading maker rebates.

 

FTX crypto exchange futures and spot trading fees

FTX Default Spot and Futures Trading Fees

Hold FTT to get FTX Trading Fees Discount

By holding FTT on your FTX balance you can reduce your trading fees.

The more FTT you hold, the lower FTX trading fees you pay. See the screenshot below for a full table of all the discount levels on FTX trading fees.

Stake FTT to get FTX trading discount

You can also stake the FTX token FTT to reduce your trading fees even more. See the table below for FTT staking requirements to reach a certain maker fee rebate.

FTX and FTT Staking Benefits and Levels

In the bullet list below, there is a summary of all the benefits you will get when you stake the FTX token FTT on the crypto exchange.

  • Increased referral commission: FTT stakers receive a higher referral commission
  • Maker fee rebates: Stakers get maker trading fee rebates(in addition to the standard FTT fee discounts)
  • Chances to win free swag NFTs: Stakers can spin the on-fungible swag wheel for a chance to win a free NFT
  • Bonus votes: stakers get bonus votes
  • Increased airdrop rewards: stakers get increased SRM airdrops (and potentially later other airdrops and yield)
  • Waived blockchain fees: FTT stakers get a number of free ERC20 and ETH withdrawals per day
  • Waived fiat fees: stakers get an extra free fiat withdrawal per week
  • IEO tickets: stakers get tickets for IEOs hosted in FTX

FTX Spot Trading

FTX crypto exchange offers a great variety of spot trading markets to very competitive trading fees. See the summary below for spot trading fees, spot trading volumes and spot trading markets.

FTX Spot Trading Fees

FTX crypto exchange offers very competitive spot trading fees starting at 0.02% for maker fees and 0.07% for taker fees as described earlier in the article. See the section above for more details about the FTX spot trading fees and compare them with Bybit, Kucoin, and Binance in our article about the lowest crypto spot trading fees.

FTX Spot Trading Volumes

FTX crypto exchange offers the best total trading volume in the spot markets. As you can see in the screenshot below, FTX had the 3rd highest trading volume on the 12th of May 2022. See our article where we compare the crypto spot trading exchange volumes on some of the major crypto exchanges.

FTX crypto exchange spot market trading volume and markets on screenshot from Coingecko

Screenshot from Coingeckon with the exchanges with most spot trading volumes.

FTX Spot Trading Markets

FTX crypto exchange offers quite many listed cryptocurrency markets and trading pairs. 

FTX Futures and Perpetuals Markets and Trading Volumes

FTX offers a great variety of crypto futures and perpetual. Here, you find 191 listed perpetual and 93 listed futures. Read more about the trading fees, and trading volumes and compare the number of listed markets with other trading platforms.

FTX Futures Trading Fees

FTX futures trading fees were described earlier in the trading fees section. FTX offers comparable derivative trading fees with some of the largest crypto exchanges like Kucoin and Binance. Read our full article about crypto derivative trading fees for futures and perpetual.

FTX Futures Trading Volumes

FTX ranks as the 3rt exchange with regard to derivative trading volume, as you can see in the screenshot taken from Coingecko 2022-05-12.

FTX Futures Trading Listings

FTX ranks among the top crypto exchanges with regard to the number of futures and perpetual markets. As you can see in the screenshot above, FTX has 191 perpetual and 93 futures. See our full article about the best altcoin exchange for a full comparison among different crypto trading sites in terms of listed futures and perpetual.

FTX Leveraged Tokens

FTX Leveraged Tokens are a simplified version of perpetual futures on FTX.

The leveraged tokens get their exposure to the underlying assets(cryptocurrencies) through the perpetual futures.

That also means that the leveraged tokens will be subject to the price movements, premiums, funding rates, etc. of the perpetual futures.

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