Best websites about Ftx Token Binance

Please note that unlike when using FTX.com, owning FTT tokens will not earn you reduced or zero fees on the FTX.US crypto exchange. The FTT token is not a permitted cryptocurrency in the US and is a utility token designed for use only on FTX.com.

Where we see the major difference is that Binance is more focused on the spot market and has a wider offering of currencies there, whereas for FTX the major focus is on the derivatives market.

The reserve SAFU pot is funded by taking 10% of all trading fees that Binance generates. As the transaction volume increases on Binance so will the value of the fund making the exchange safer as it grows. Both FTX and Binance are highly ranked exchanges with top tier technology working round the clock to provide a safe and best user experience.

Binance.US, however, does use the same fee structure as Binance, the parent company and well-known platform (if you haven’t heard of Binance, it’s the world’s biggest exchange by a country mile). That fee structure is very cost-effective and starts at 0.1% for both makers and takers – a rate that is among the cheapest in the industry.