Last update: Jun 6, 2022

How to Buy FTX Token (FTT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy FTX Token. Depending on where you’re located, you’ll have different cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Ftx token

How to Buy FTX Token – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have FTX Token of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy FTX Token

Now that you have what you need to buy FTX Token, head over to the market or buy section of the cryptocurrency exchange and buy some FTT.

If the crypto exchange doesn’t have any FTX Token on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has FTX Token first), and trade your Ethereum for FTX Token.

Where to Buy FTX Token (FTT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell FTX Token

  1. Sign into the crypto trading platform where you bought FTX Token.
  2. Move your FTX Token to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell FTX Token.

 

Crypto trading

How to Buy FTX Token (FTT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy FTX Token in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy FTX Token if it’s available. If the exchange doesn’t have FTX Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has FTX Token), and trade your ETH for FTX Token.

It’s also possible to check out our comparison of the best bitcoin brokers in Australia for those interested in learning more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy FTX Token (FTT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy FTX Token in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy FTX Token if it’s available. If the exchange doesn’t have FTX Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has FTX Token), and trade your ETH for FTX Token.

Or, if you’d like to learn more about the exchanges we recommend, look at our comparison of the cryptocurrency brokers in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy FTX Token (FTT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy FTX Token in the UK, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy FTX Token if it’s available. If the exchange doesn’t have FTX Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has FTX Token), and trade your ETH for FTX Token.

You can also take a look at our analysis of the best cryptocurrency exchanges in the UK for those looking to learn more about which exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying FTX Token? FTT Rundown

FTT is the native cryptocurrency token for the crypto derivatives trading platform FTX, which was launched on May 8, 2019.

FTX is a team of some of the most prominent crypto traders who have been working together for the past few years. They were frustrated by the lackluster performance of many mainstream crypto futures exchanges and decided to create their own platform. FTX claims it is unique because of features such as clawback protection, a centralized collateral pool, and universal stablecoin settlement.

Socialized losses have claimed a large portion of customer funds from other derivative exchanges to prevent clawback. FTX reduces this through a three-tiered liquidation process.

The collateral on existing crypto futures exchanges is split across multiple token wallets. This can make it difficult for traders to liquidate positions and prevents them from being liquidated. FTX derivatives, on the other hand are stablecoin-settled. They only require one universal margin wallet.

Leveraged tokens are another feature of FTT. They allow traders to place leveraged positions without needing to trade on margin. A trader can short Bitcoin using 3x leverage by purchasing a 3x short Bitcoin leveraged token on FTX. These tokens can be listed on any spot market and are ERC20 compatible. Currently, FTX offers XRP and BNB, TRX, BTC. TRX, BTC. ETH, EOS. USDT, LEO leveraged tokens.

Almeda Research is backing FTX, which is a well-known company in crypto trading and one the largest liquidity providers.

FTX was designed by industry professionals who have demonstrated expertise in the field. They offer a range of services, including collateral, maintenance margin, liquidation processes, and product listing. FTX claims that they are focused on rapid development, allowing them the ability to implement crypto trading systems at a fast pace.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.