FTX is one of the largest cryptocurrency trading platforms in the world, thanks mainly to its wide range of tools for traders. Find out our guide to register on the FTX platform and make your account as safe as possible.
❗❗ WARNING : the FTX platform declared bankruptcy. DO NOT USE FTX, your funds will be locked forever. This article is still available for transparency reasons and was published before the platform went down. 👉 Follow live all the news of the FTX case
Made in 2019 by Sam Bankman-Friedthe cryptocurrency trading platform FTX is now one of the largest in the world, until becoming one of the main exchanges to compete with Binance.
FTX is a platform that offers many options, from derivatives and futures to leveraged trading and tokenized stocks. In addition, FTX clearly offers a market place for many cryptocurrencies.
If you want to get more familiar with the FTX platform, we have put together a comprehensive overview of it including a guide to better understand the terms related to trading.
Create an FTX account in minutes
First of all, you need to go to the FTX website to register and take advantage of the platform’s tools.
To benefit from 5% discount on all payments on the platformyou can note the code 2238582 when you register. This will remain valid for the lifetime of the FTX.
The code is available by default if you use the link below:
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In the registration window that appears on your screen, fill in the required fieldswhich is an email and a password then just accept the conditions of use.
As indicated, you can also register directly through using an existing Google or Apple account.
In the next window, you will be asked to fill your identity, which is your first name, your last name and your date of birth. It is important to record the information as it appears in your identity documents in anticipation of the Know Your Customer (KYC) procedure.
Validate, then on the next page, fill in the fields of your Mailing address.
Then, fill your mobile phone number and enter the code received via SMS.
On the next page, select “No” if you are not in the United States.
If you do not work in the public service related to the government, or if you do not have anyone working in this sector in your close circle, select “No” to the question “Are you a person exposed to politics? ” “.
Next, information about your professional status as well as the contact details of your company if it proves necessary, and finally your salary and the relative information requested of you.
On the next page, FTX will ask you how you plan to use the platform. Fill in the requested fields then validate.
Finally, FTX will give you a short quiz so you can check if you are aware of the possible risks involved in trading. It’s up to you whether you do it or not.
Your FTX registration is complete. The next step is to verify your documents through the procedure Know Your Customer (KYC).
Validate the KYC procedure
On the new page that opens once you have created your FTX account, the platform informs you that you must submit your identity documents. This is a mandatory procedure for all regulated exchanges.
For simplicity, here we will proceed with the KYC procedure using a mobile device by clicking on “ Continue on a mobile device “.
The easiest way here is to create a QR code by ” QR and scan it with a compatible device.
Redirection to Stripe is then automatic. You must choose whether you want to submit a photo of your passport or your identity card.
Get a photo ID of your choice by simply following the instructions on the screen. Make sure it is clearly visible and your information is easy to read.
Once Stripe has validated your documents, you need to complete KYC via take a photo of your face.
Your documents are currently awaiting validation. The time to validate your KYC varies, but usually it doesn’t take long. Either way, you’re automatic will be notified of the validation later on the email you provided during registration.
Many levels of KYC are available in FTX, but after completing the procedure stated above, you can benefit from unlimited deposits on the platform both in cryptocurrency and in fiat currency (euro, dollar, Swiss franc, etc.).
| Stuttering | Terms | Platform Use Limitations |
| Not verified |
Check local regulations |
Inability to sell, deposit or withdraw funds |
| Level 1 | E-mail Full name Date of Birth Country and region of residence Check local regulations Phone verification |
– Withdrawals of cryptocurrencies are limited to the equivalent of 2000 dollars per day
– No cryptocurrency deposit limit – No deposit or withdrawal in fiat currency |
| Level 2 | Full name Date of Birth Address Address proof / phone verification Source of income Official identity document Face verification |
Unlimited cryptocurrency and fiat currency deposits and withdrawals |
It is absolutely essential to protect your FTX account as much as possiblelike any other cryptocurrency trading platform.
For this purpose, FTX offers a solution 2-factor authentication (2FA) which you can find in the settings from any page of the site, as below:
Here, click the button ” Enable 2FA “. Then choose which method suits you best between Google Authenticator, Authy, a security key (type Yubikey) or sending an SMS.
We recommend using Authy, a 2FA service that is compatible with all platforms that support Google Authenticator, and has some practical features. To learn more, you can find our complete presentation of Authy and its various tools.
Scan the QR code displayed on the FTX site from the application of your choice if you chose the authentication method through a third-party application such as Authy or Google Authenticator, then type the code displayed on FTX.
If the code entered corresponds to your application, then your account now secure thanks to the two-factor authentication method (2FA).
For added security, check that the option ” 2FA for withdrawals enabled in the security settings of your FTX account.
Sub-accounts are a very interesting feature offered by FTX that allows you to share the different uses you make on the platform.
For example, if you experience a liquidation of one of your positions in a sub-account, only then will the latter be affectedassets deposited in your other accounts will not be withdrawn by FTX.
In this case, it may be possible to limit your exposure and maximize safety in your various positionsbut sub-accounts are also a good solution to better separate your activities.
To create a sub-account on FTX, go to settings then click on ” + “next to” Main narrative “.
Then give your sub-account a name. Remember that it is possible to create more, so it can be done it is wise to name them according to usage what do you do with it, eg “Levers”, “Actions”, etc.
By default, all sub-accounts you create on the FTX platform are configured in the same way as your main account. However, you can configure them individually by selecting them from the top tab then change the characteristics of each of them.
For example, you can choose to use your balance of FTT tokens as collateral for your margin trading activities or set leverages for some of your sub-accounts.
Once you have created even one sub-account, you can freely trade cryptocurrencies between accounts by clicking the icon below :
From here, you can choose which account you want to transfer the asset of your choice to the account or sub-account that suits you:
This is a complete guide to registering on the FTX platform. We hope it can meet your expectations.
👉 Discover FTX Token (FTT), the utility token of the FTX platform
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Passionate about the world of decentralized finance and the new things that Web 3.0 brings, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future soon.
Maximilien Prue
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