Clean up fee in FTX smoothly

Aug 6th, 2022
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How to Clean up fee in FTX

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hello guido here from blockbuilders.net and today we want to talk about the fee structure from ftx.com so ftx is one of the biggest exchanges out there for crypto trading but you can also trade futures there and you can trade tokenized stocks there and besides that its also the cheapest exchange i know of why that is we will take a look at it in a bit and besides that you can also deposit fiat currencies there like um [Music] euros or british pound and so on if you dont have an ftx account yet you can use the link down in the description and with that link you will actually save and five percent on fees so first of all when you start out on ftx um what you need to do is you need to deposit money that can either be um fiat currencies like euros or british pounds or cryptocurrencies and depositing something on ftx is actually free so it doesnt matter if you are depositing um euros or british pound its they dont charge you anything um for that so if you wire 10 000 you add 10 000 eu

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Collapsed cryptocurrency exchange FTX says that around $415m (338m) of crypto has been stolen by hackers. About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTXs CEO says.
The crash exposed an $8 billion hole in FTXs accounts, leaving investors and customers scrambling to recoup their funds.
Individually, the new FTX CEO will collect $1,300 hourly plus expenses for his work on the FTX case, working out to $2.6 million annualized. In one bankruptcy case Ray worked on, he billed around 156 hours in a two-month period, netting him $120,582, so his billings for FTX may run higher or lower.
Trading fees are divided between two, the maker fees and the taker fees. Here the maker fee is 0.02% and the taker fee is 0.07%.
Billions of dollars worth of cryptocurrencies began to flow out of FTX in a matter of days. A potential rescue deal with ChangPeng Zhaos Binance fell apart Nov. 8, and FTX and Alameda both declared bankruptcy Nov. 11.
Since 2019, FTX has been a legit crypto exchange platform. It is used by millions of users around the world. It is regulated by the Hong Kong financial authority.
What Happened to FTX? FTXs collapse took place over a 10-day period in November 2022. The catalyst was a Nov. 2 scoop by crypto news site CoinDesk that revealed that Alameda Research, the quantitative trading firm also run by Bankman-Fried, held a position valued at $5 billion in FTT, the native of FTX.
FTX and FTX.US crashed due to a lack of liquidity and mismanagement of funds, followed by a large volume of withdrawals from rattled investors. The value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which docHubed a two-year low as of Nov. 9.

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