Fix fee in FTX smoothly

Aug 6th, 2022
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How to fix fee in FTX

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How to Fix 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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Low fees are one of the biggest perks of FTX.US, as it charges less in trading fees than Coinbase and most of the top cryptocurrency exchanges.
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.
Low fees are one of the biggest perks of FTX.US, as it charges less in trading fees than Coinbase and most of the top cryptocurrency exchanges.
The hacker who stole approximately $477 million worth of s from FTX, the Bahamas-based cryptocurrency exchange that collapsed earlier this month, sent 180,000 ether (ETH) coins, worth nearly $200 million to at least a dozen digital wallets Monday morning.
FTX.US charges trading fees when you buy and sell cryptocurrency. It also has fees for certain types of deposits and withdrawals. For crypto trading, FTX.US has a tiered fee structure.
Unlike its competitor Robinhood Inc. (stock trading platform), which relies on a payment-for-order business model, FTX stocks will offer its customers no-fee brokerage accounts, commission-less trading, free market data, and company fundamental data.
In November 2022, FTX announced a liquidity crisis and a high probability of collapse. FTX and FTX.US filed for bankruptcy on Nov. 11 amid liquidity concerns and allegations regarding misuse of customer funds. We cant recommend using FTX at this time.
FTX claims it has recovered $1 billion in assetsa fraction of the $8 billion or more missing. Some $3.1 billion is owed to the companys top 50 creditors, ing to a bankruptcy filing from FTX last month.
Here the maker fee is 0.02% and the taker fee is 0.07%. This can be lowered down to 0.0% and 0.04% respectively if you are trading large volumes. You can also stake FTT, the exchanges native , and get your makers fees reduced to 0 by staking only 25 FTX s, (FTT).
Wire transfer withdrawals below $5,000 are free on a once-per-week basis. They are also free when larger than $5,000. Multiple withdrawals under $5,000 occurring in the same week can incur a $25 charge.

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