How does FTX exchange compare to other cryptocurrency exchanges in terms of fees and security?

1 answers

• Jan 29, 2022 · 3 years ago
  FTX exchange is known for its competitive fees and strong security measures. Compared to other cryptocurrency exchanges, FTX offers a fee structure that is designed to be transparent and affordable for traders. They charge a flat fee for spot trading and a slightly higher fee for futures trading. However, FTX provides fee discounts for users who hold their native token, FTT. This can significantly reduce trading costs for frequent traders. In terms of security, FTX has implemented various measures to protect user funds. They use cold storage for the majority of their assets and have a dedicated team that focuses on security. While FTX is a reputable exchange, it's important to conduct thorough research and consider other factors such as liquidity and available trading pairs when comparing it to other exchanges.
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