FTX Token (FTT) is the native cryptocurrency of the FTX derivatives and spot cryptocurrency exchange. It serves as a utility token, offering benefits such as trading fee discounts, rewards, and early access to offerings for its holders. FTT is deflationary, meaning its supply decreases over time, and is available on multiple blockchains including Ethereum, Solana, and Binance Chain.
FTX Token (FTT) is the native cryptocurrency of the FTX exchange. It serves several purposes:
Trading Fee Discounts: Holding FTT tokens provides discounts on trading fees on the FTX platform. The more FTT held, the higher the discount, with a maximum of 60% for holders of over $5 million worth of FTT.
Collateral: FTT can be used as collateral against futures positions on the exchange.
Staking: Staking FTT earns interest and provides additional benefits such as increased referral rewards, larger airdrop rewards, and free ERC20 withdrawals.
OTC Discounts: Holding FTT tokens also provides discounts on FTX’s over-the-counter (OTC) desk, with higher discounts for larger holdings.
VIP Trading: High rollers who hold significant amounts of FTT become VIP traders, with their orders prioritized above others.
Overall, FTT is designed to incentivize users to participate in the FTX ecosystem and reward loyalty.
To store FTX Token (FTT) tokens, you have several options:
FTX Exchange: You can store your FTT tokens directly on the FTX exchange. This is convenient if you plan to trade frequently, but it is not the most secure option as exchanges are often targeted by hackers.
Crypto Wallet: You can use a crypto wallet, which offers better security. There are various types of wallets available, so it is essential to research and choose a reliable one. Some users prefer to store their crypto offline in a "cold storage" wallet, which is considered the most secure option.
Personal Crypto Wallet: You can also store your FTT tokens in a personal crypto wallet. This provides more control and security compared to storing on an exchange.
- Trust Wallet: If you want to trade your FTT tokens on a decentralized exchange, you can consider using Trust Wallet, which supports millions of assets and blockchains.
Remember to keep your private key safe and secure to protect your FTT tokens.
To buy FTX Token (FTT) tokens, you can follow these steps:
Using Bybit- Sign up or log in to your Bybit account.
- Buy stablecoins or BTC directly using your credit or debit card.
- Trade your purchased coins for FTT on Bybit Spot.
- Sign up for an AscendEX account.
- Buy FTT directly with AscendEX's 1-Click Convert function, which allows you to seamlessly convert any number of cryptocurrencies to FTT.
- Deposit more than 300 supported cryptocurrencies and exchange them for FTT at competitive rates.
- Buy FTT with a credit card or debit card directly on AscendEX.
- Create a free account on the Binance website or app.
- Verify your identification.
- Choose how to buy FTT:
- Credit/Debit Card: Use Visa or MasterCard.
- Bank Deposit: Transfer fiat currency from your bank account to Binance.
- Third-Party Payment: Check available options in your region.
- Store or use your FTT in your Binance account.
- Use Coinbase Wallet, which supports FTX Token.
- Buy FTT through the wallet, but note that it is not available for trading on the Coinbase Exchange.
- Current Price: The live FTX Token price is around $1.40 USD with a 24-hour trading volume of $11,043,562 USD.
- Market Cap: The market capitalization of FTX Token is approximately $486,507,479 USD.
- Circulating Supply: There are 328,895,104 FTT tokens in circulation.
Please be cautious when interacting with FTT tokens due to the ongoing bankruptcy proceedings of FTX.
