FTX EXCHANGE PLATFORM || 10% beneficiary to tron-fan-club

FTX is one the big trading platform out there with some trick of sleeve. One of the founders of this platform is a famous person and the Internet love him. Within the time that this platform has been launched, it has been gradually overtaking some crypto exchange platform by providing trading fee and also it is very easy to use.

HISTORY

Before we discussed how to use this FTX exchange platform, it is important we learn a brief history of Sam Bankman-Fried who is it founder. Sam Bankman-Fried is one of the billionaires that the Internet love because the love to help people. Sam Bankman-Fried use to be trader before he became well known and he was a trader at wall street company. After spending four years at the wall street firm, he quit the job and became director at center for effective altruism. He didn't stay long in that job, he only spent two month there. After he left center for effective altruism, he went create is own trading company called Alameda research.

This man discovered a loophole in the market that he can use to make huge profits. Although, this change as been in existence for a long time but he was the only person that take advantage of this trading strategy. He discover that bitcion is very cheap in Korean markets compare to U.S markets. For instance, Bitcoin may cost $20,000 in the Korean markets while it may cause $15,000 in U.S markets. Even though the strategy was good, there is a problem. For instance, Sam have buy a million dollars Bitcoin and fly to Korea and sell the Bitcoin for Korean money. He had to find way to change their currency to U.S dollar and repeat the strategy. Sam solve the problem by create a ways to sell his Bitcoin and converting to U.S dollars.

WHAT IS FTX?

Like I said earlier, FTX is exchange platform that founder by Sam Bankman-Fried who will do some incredible stuff to make trading work. FXT is an exchange platform that is available is many countries of the world. Know doubt about the FXT claim that there platform is built by trader and for traders and the this reason they have low fees.

DIFFERENCES BETWEEN FTX, BINANCE, AND COINBASE MAKERS AND TAKERS FEES.

They have an initial maker fee of 0.10% and there taker fees is 0.40% while Binance have an initial makers fee of 0.10% and there taker fees is 0.50% and Coinbase have an makers fee of 0.40% and there take fees is 0.60%

EXCHANGES	MAKERS FEES	TAKERS FEES
FTX	0.1	0.4
BINANCE	0.1	0.5
COINBASE	0.4	0.6

FTX uses KYC meaning you will have verify your identity with your name, date of birth, licence, picture, and address. This is to prevent tax fraud.

HOW TO USE FTX

I will like to show FTX interface and how to use it.

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The above image is a wallet and dashboard of FTX account. Click on deposit in your FTX account

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Then, you will select account that want to use for deposit. Enter the account you want to deposit and click submit. FTX wont charge you processing fee for any amount above $10.

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To buy any cryptocurrency, click on market at the top right corner and click on all market.

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Click on the crypto you want to buy.

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It have a lot of interesting information and very easy to use. They have chart, order book, buy and sell section.

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You can change it from limit price and market price.

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You can also buy NFT if you want to.

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I have explain have a brief history of FTX, what FTX is, how to deposit, and how to buy and sell FTX. FTX interface is well designed with interest features. There trading history section is very clean and easy to understand. You can download an excel sheet of your trading historys.