CoinSpot Referral Code 2022

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Sinead Burgess
Sinead Burgess
Updated on September 22, 2022

FTX is a leading cryptocurrency exchange platform that offers classic trading features, along with advanced trading tools, crypto derivatives, and trending NFTs. The platform also has a sweet referral program that allows new users to get a permanent 5% trading fee discount

Grab Your 5% Trading fee discount

If you don’t yet have an account on FTX, use our referral code to get the 5% fee discount and trade like a pro with lower fees. Additionally, once you sign up on the platform, you’ll get your own referral code. You can use the code to get new users on board the FTX exchange and earn up to 40% of their trading fees.

What Is FTX? 

FTX is one of the top-ranking crypto exchanges on the market and frequently switches spots with Coinbase as the second largest exchange on the market. The platform was launched in 2019, but it quickly managed to take the crypto market by storm and position itself among the leading global platforms.

FTX website

The exchange is geared towards experienced crypto enthusiasts looking to take advantage of advanced trading tools. FTX supports more than 300 coins and tokens and hundreds of trading pairs. Additionally, you’ll find margin trading, over-the-counter (OTC) brokerage services, an excellent NFT market, crypto derivatives, and futures contracts on the platform.

How to Use the FTX Referral Code

Follow these simple steps to use the FTX referral code and earn your 5% discount on trading fees:

  • You need to sign up on FTX with our referral code. The easiest way to do this is by clicking our referral link, which leads you to the FTX sign-up page. The code is automatically applied.
  • You’ll need to enter your email address and a password.FTX referral code
  • Once you’re done with the account creation, you’ll have to complete the KYC procedure and verify your identity to start trading.
  • Make your first fiat or crypto deposit to FTX and start trading. The 5% fee discount will automatically be applied.
  • If you want to get your own referral code and earn up to 40% from your friends’ trading fees, go to the Referrals section in your account menu.
  • There, you’ll find your personal referral code, which you can share on social media channels and with friends and family.

FTX Review 

FTX is a major cryptocurrency exchange platform launched in 2019 by Sam Bankman-Fried, a passionate crypto enthusiast who managed to create one of the largest crypto trading platforms in the world. FTX combines numerous platform features, making it a one-stop shop for experienced crypto traders.

The platform lacks easy-to-use trading features such as instant trading, so it isn’t very suitable for beginners. However, FTX is a gold mine of opportunities for experienced traders. The platform supports hundreds of coins and trading pairs and offers margin trading, leveraged trading, futures, and massive crypto derivatives features, including leveraged tokens and MOVE contracts.

FTX US Website

FTX has a personalised OTC brokerage service and dedicated brokers who help investors negotiate the best trading deals. Holders of the platform’s native FTT tokens can earn trading fee discounts and other bonuses. It’s also possible to stake FTT tokens and earn additional rewards. The platform also has an NFT marketplace with a wide range of trending collections.

Supported Cryptocurrencies 

FTX supports more than 300 coins and tokens. You’ll find most of the top 100 cryptos on FTX, but you’ll also have access to less popular, high-growth potential coins. 

FTX supported cryptocurrencies

The available cryptocurrencies include Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), Eos (EOS), Near Protocol (NEAR), Ethereum (ETH), Chainlink (LINK), Axie Infinity (AXS), Fantom (FTM), The Sandbox (SAND), all the way to Sushi Swap (SUSHI), Filecoin (FIL), Aave (AAVE), Flow (FLOW), Tron (TRX), Gala Games (GALA), VeChain (VET), Ripple (XRP), and nearly 300 additional altcoins.

Fees

FTX has low trading fees, which is important for crypto enthusiasts with high trading volumes. FTX employs a classic market maker/taker fee model and rewards makers with lower fees. Market makers with a monthly trading volume up to 2 million USD pay a 0.02% trading fee, while takers pay 0.07%, which is extremely low. Investors with higher trading volumes pay even lower fees. Market makers with a monthly trading volume above 25 million USD can trade free of charge, while takers pay a modest 0.045%. 

FTX platform fees

Additionally, if you have at least 100 USD worth of FTT in your account, you’ll receive a 3% fee discount, and the discounts increase as your FTT holdings do. For example, large-scale traders with 5 million USD worth of FTT in their accounts get a massive 60% discount on their trading fees. FTX doesn’t charge any deposit or withdrawal fees, except for the standard blockchain transaction fees when withdrawing crypto.

Pros 

  • More than 300 cryptocurrencies are available for trading.
  • A broad range of advanced trading features.
  • Margin trading, futures contracts, and crypto derivatives options.
  • Fee discounts for holding FTT tokens.
  • Low trading fees.

Cons 

  • The platform isn’t very beginner friendly.
  • FTX doesn’t support crypto staking for digital currencies other than the native FTT token.

FTX vs Coinbase 

Coinbase is FTX’s main rival for the place of the second largest crypto exchange. Unlike FTX, Coinbase only supports some 130+ digital currencies, and it’s geared towards crypto beginners and average traders. The trading is done through the instant buy/sell feature on Coinbase, but advanced traders can use the CoinbasePro platform. Similarly to FTX, Coinbase also has its own NFT marketplace. 

Coinbase homepage

While FTX specialises in crypto derivatives trading, Coinbase doesn’t support such features. The trading fees are also much lower on FTX. Traders looking for a simple, straightforward trading experience may prefer Coinbase, but advanced traders and those looking for crypto derivatives should choose FTX. 

FTX vs Binance 

Binance is the world’s largest crypto exchange and has a far larger trading volume than FTX. Also, the platform supports more than 600 coins and tokens. Binance also has dozens of crypto staking options and a crypto lending program that allows users to earn interest by lending their funds. 

Binance homepage

Like FTX, Binance has low fees. Both exchanges support spot trading, margin trading, and futures contracts. However, FTX has more options for crypto derivatives trading. Overall, the two platforms are nearly even, but if you’re into crypto derivatives, FTX is the better choice. 

FTX vs Crypto.com 

Crypto.com is another popular crypto exchange that managed to rapidly grow within a short period. The platform was launched in 2019 with a broad range of trading features, including instant trading, spot trading, and margin trading. Crypto.com supports more than 250 trending digital currencies. 

Crypto.com exchange homepage

Both exchanges have native tokens, which can earn you nice fee discounts and other bonuses. The trading experience is simpler than FTX, so it’s a better choice for beginners, but advanced users are better off with FTX. 

FTX Alternatives 

KuCoin is a good alternative to FTX since it offers most trading features available on FTX, with the addition of an easy-to-use instant trading option that allows you to quickly buy crypto with numerous fiat currencies. KuCoin is available in most global regions and supports a wide range of fiat payment methods.

KuCoin website

The platform also supports various crypto derivatives and leveraged futures contracts, such as perpetual contracts. KuCoin supports nearly 300 digital currencies, with a great selection of high-cap cryptos and less-known altcoins. Finally, KuCoin also has various crypto trading bot features for users looking to automate their crypto trading operations.

Kraken website

Kraken is a popular US crypto exchange that supports more than 120 leading digital currencies. For crypto beginners, Kraken has a straightforward instant trading option, while the more experienced users have the Kraken Pro trading interface and the Kraken Futures portal for futures contracts. The platform is known to be the most secure crypto exchange on the market, with thorough security measures for safeguarding user accounts and platform assets from cyber attackers.

Claim 5% trading fees discount

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frequently asked questions

Yes, the referral bonus is only available to new users. You need to create a new account on FTX to be eligible for the 5% fee discount.

FTX is an international crypto exchange that provides services in many regions across the globe. The referral code is valid in all regions FTX operates, including the US, UK, European Union, and many other countries.

These codes can only be used once – during the signup process – and they are used to promote the Swyftx platform on the web. The referral code, on the other hand, is a permanent Swyftx offer.

Promo codes are usually found on websites dealing with special offers, coupons, and discounts.