Is FTX good for long term?
Storage and security: 3 out of 5 stars FTX.US says it has taken industry-standard security measures to protect assets and customer information on the platform. Among those precautions is the option to have separate passwords for withdrawals.
FTX is big and important because, along with its rival, Binance, it processes the majority of cryptocurrency trades around the world. Both FTX and Binance are “international” exchanges, the cryptocurrency equivalent of an offshore casino.
One of the main draws of FTX.US is its extremely low trading fees. The exchange uses a tiered fee structure based on your trading volume, and the highest fee amount is 0.20%. Overall, those rates are better than what many of the best cryptocurrency exchanges charge, so you can save money trading on FTX.US.
Since its inception in 2019, FTX has maintained its reputation as a safe cryptocurrency exchange, having never been hacked or otherwise compromised. FTX is a reputable cryptocurrency exchange that was established with the objective of giving to the most effective charities in the world.
While their fees vary, FTX.US ranks slightly higher in NerdWallet's reviews of the two companies' trading and transaction fees. Coinbase, on the other hand, has a more extensive selection of cryptocurrencies and significantly more crypto-to-crypto trading pairs.