Slide expense in FTX

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How to Slide expense in FTX

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- [Narrator] Over $150 billion. In three days, thats how much the worlds 15 largest cryptocurrencies lost in market value. Its because of the Crypto Exchange platform FTX, which is behind this , named FTT. On November 6th, the s value began to fall, losing more than 80% of its worth in the span of 72 hours. Once seen as a survivor in a struggling market, the fall of FTX has sent shockwaves through the cryptocurrency industry. So, what went wrong? FTX is the brainchild of Sam Bankman-Fried. Hes commonly known as SBF on social media. Hes been previously hailed as a savior of the crypto industry. - You were called the JP Morgan of crypto. - [Sam] Yep. - Does that bother you or not? - It doesnt bother me too much. - [Narrator] Bankman-Fried founded the quantitative trading firm Alameda Research in 2017. Two years later, he started FTX, an exchange platform for buying or selling cryptocurrencies. Right now, hes the majority owner of both firms. - That kinda aroused some skepticism a

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Is FTX better than Coinbase?

Coinbase has less overwhelming features for beginners and newcomers, while FTX offers more advanced products, such as crypto futures and an NFT marketplace, and better fees. Coinbase is a very well-established and one of the oldest and most respected crypto exchanges and the number two in daily trading volume.

How much does FTX charge per transaction?

Maker fees are 0.02% and taker fees are 0.07%. If you trade a lot, you can go down to 0.0% and 0.04%, respectively. You can also stake FTT, the exchanges native , and reduce your maker fees to 0 by staking only 25 FTX s (FTT).

Does FTX have high fees?

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.

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