Ethereum (ETH) or “ether” — the biggest and longest-running smart-contract platform cryptocurrency, really needs no intro. Being very stable and decently decentralized compared to its competitors, Ethereum (ETH) is still one of the most ‘trusted’ cryptocurrencies (just behind Bitcoin) we have today.
Does FTX Support Ethereum (ETH)? 🤔
Yes, you can freely buy and sell ETH on the FTX platform.
Why use FTX for buying Ethereum (ETH)? 📈
Besides FTX being one of the most reputable exchanges we have today — compared to other top exchanges, FTX has one of the lowest trading and withdrawal fees. You basically always get the most for your money when purchasing and selling crypto!
Prerequisites ✨
- An FTX account (register here and save 5% off fees)
- Some crypto (or your local currency)
Depositing your funds to FTX 💸
- Head over to FTX and log in
- On the top menu, under Wallet, click on Portfolio
- Click on CARD DEPOSIT if you want to deposit your local currency, or if you want to deposit crypto, look for the coin/token, then click on the DEPOSIT button
NOTE: If you want to deposit using local currency, you need to complete ID verification
Wait until your transaction confirms, and you now have your funds on FTX.
Buying Ethereum (ETH) on FTX 🛒
- Head back to Portfolio (under Wallet on the top menu)
- Under BALANCES, look for the coin/token/currency you deposited, then click on the CONVERT button on its right side)
- On the second “To Coin” text field, type in and click on ETH
- Enter the amount of the coins/currency you want to convert to ETH
- Click on the CONVERT button
Congratulations! You now have bought some Ethereum (ETH)!
is FTX safe and secure? 🔒🤔
The FTX team seems to be doing a pretty good job in keeping the platform secure. But regardless, while FTX is a great platform to trade, we always recommend using a hardware wallet for holding coins and tokens for the long term.
Final Thoughts 🗒
Trading or investing in cryptocurrencies is excellent and all that, but always make sure your funds are secure. We always recommend using a nice hardware wallet like a Ledger to achieve this.
