FTX.US Review 2022: A Crypto Exchange With NFTs, But Limited Coins
time.comFTX.US offers advanced trading options, plus access to NFTs and low fees. But if you’re looking for more obscure cryptocurrencies, you might want to check out other exchanges that offer a wider variety crypto assets.
FTX.US is an American partner of FTX, which was founded in 2019 and is based in the Bahamas. The U.S. company was founded in 2020 and is based in San Francisco. Residents of the United States must use FTX.US, as the main version of FTX is not available to U.S. traders. FTX.Us is not available to New York state residents.
The leadership team at FTX.US is made up of former employees at finance and tech companies, and the company prides itself on being designed by and for crypto enthusiasts. In addition to offering crypto and fiat trading pairs, FTX.US also offers a nonfungible token market where creators can mint NFTs for sale, and buyers can make purchases from creators.
FTX.US is regulated in the United States, and does business as West Realm Shires Services, which can provide some peace of mind for traders. However, keep in mind that crypto assets aren’t protected by Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation insurance (SIPC), although U.S. dollar funds are FDIC-insured. The FDIC supervises financial institutions for consumer protection and insures deposits, in order to maintain public trust in and stability of the United States financial system. The SIPC aims to restore investors’ cash and securities when a brokerage firm fails.
No matter where you buy it, cryptocurrency is a highly volatile, speculative investment. Only invest in crypto what you’re prepared to lose, and make sure you have other financial priorities in place first: save money in an emergency
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