How to Use FTX in the US | Buying Crypto

buy crypto for Americans

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In this guide, we will show you how to use FTX if you are based in the US. Not all international exchanges are available for US citizens, so we have chosen FTX US as a great place for you to be able to buy crypto thanks to their low fees and great range of listed coins. FTX US is a centralised crypto exchange built for traders, by traders. It’s a platform that allows you to buy and sell a great range of coins. So, let’s show you “how to buy crypto for Americans!”

Create an FTX US Account

First things, first – to be able to trade on the platform, you will need to create an account. Go to the FTX US WEBSITE (You will get a 10% fee discount using this link). Click ‘Create Account’, complete the required fields, and proceed through the KYC identification checks. 

Fund your FTX Account in 4 simple steps

Once you’re logged in to the FTX US platform, you’ll need to fund your account with either fiat currencies, USD, or similar stablecoins such as USDC or USDT. FTX’s user interface is similar to other trading platforms, but with some additional features useful to derivatives traders. So using FTX might appear a bit overwhelming at first, if you’re not already familiar with other types of centralised exchanges. 

1. Navigate to your wallet

To make a deposit, navigate to ‘Wallet’ from the top navigation menu.

how to use ftx

2. Click deposit

Click ‘Deposits’ then ‘Make a deposit’

use ftx

3. Select your deposit currency

Select ‘Fiat’ to deposit USD / USD stablecoin.

how to buy crypto for americans
crypto

OR

Select ‘Fiat’ to deposit from the list of other fiat currencies and follow the instructions on screen. Please note, each fiat currency will follow a different process and carry different transaction methods (bank transfer, wire etc.), fees, and timescales.

How to Use FTX in the US | Buying Crypto - - 2022

OR 

Select the ‘Crypto’ tab to deposit a crypto coin or token from another wallet address.

How to Use FTX in the US | Buying Crypto - - 2022

4. Check your FTX US wallet

Once you have deposited your funds, they will be available to view in your wallet.

funding your FTX wallet

How to Use FTX in the US to Buy and Sell your Crypto

Now that you’ve funded your account, we can proceed to buy some crypto and really use your FTX US account: 

1. Navigate to markets

If you navigate to ‘Markets’ this is where you’ll be able to see the variety of digital assets available to buy. Filter by asset type using the tabs from left to right. During the example below we will be buying ‘Spot’ crypto. Then select the desired trading pair from the list. For the following example, we’ll be using the FTM/USD pair.

How to Use FTX in the US | Buying Crypto - - 2022
buying crypto

2. Scroll to the “buy/sell section

To buy FTM/USD, scroll down to the bottom of the page to the buy/sell section. ‘Buy FTM’ is the default option and therefore automatically highlighted.

selling crypto on ftx

3. Enter purchase price and quantity

Enter the price you’d like to buy FTM for and choose the amount you’d like to buy. You can either type in the amount you’d like to buy in either currency in the pair, or you can use the provided sliding scale. This allows you to increase and decrease the size of your buy in increments. 

how to sell crypto for americans

4. Click “buy”

Click the ‘Buy’ button and if the requested FTM price is lower than the current market price, this will place an order for you in the Order Book. Your order will display on the chart located further up the page.

sell crypto

5. Check your FTX wallet

Once your order has been filled, you can view your crypto in your wallet.

How to Use FTX in the US | Buying Crypto - - 2022

6. Sell it (if you want to)

To sell your crypto, navigate back to the trading page for the trading pair. Scroll down to the bottom of the page to the buy/sell section. This time, switch the view to ‘Sell FTM.’ Enter the price you’d like to sell FTM for and choose the amount you’d like to sell. Again, you can either type in the amount you’d like to sell, or you can use the provided sliding scale. 

sell crypto

When you’re ready, click ‘Sell.’

There you have it!  

Now you know how to use FTX in the US to buy and sell crypto. Happy Trading! 

How to Use FTX in the US | Buying Crypto - - 2022

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How to Use FTX in the US | Buying Crypto - - 2022

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