How do I set up an FTX account?

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Step 1: Create your account

Start by visiting www.ftx.com.
Click on “Register” located in the top right corner of the website.
Enter your email address and a secure password.
Agree with our Terms of Service.
Click on “Create Account”.

How do I complete identity verification on FTX?

KYC application submission:

Go to home page: https://ftx.com/
Log in or Register.
https://ftx.com/profile and click ‘VERIFY IDENTITY’
Fill out the Level 1 Identity Verification form to get Tier 1 KYC verified ($2k USD/day withdrawal limits)

Can I use FTX without KYC?

However, to get the option of having a larger withdrawal limit, you have to do a KYC verification. There are three different levels to verifying your identity on FTX. With level 1, you can withdraw up to $2000 a day and also trade cryptocurrency pairs using the exchange’s native token, FTT.

How long does it take for FTX verification?

After submitting your KYC documents, verification may take from 24 hours to a week. Additional information may be requested on a case by case basis in which you will receive notification via email. Congratulations! Your FTX US account and individual KYC registration is now complete.

Which is better FTX or Coinbase?

Fees are similar between FTX.com and Coinbase Pro, as is crypto support. More advanced traders will likely prefer FTX.com, especially for futures and margin trading. But for ease-of-use, Coinbase is definitely the winner.

How do I get a US FTX account?

Open an Individual Account with FTX.US

Go to ftx.us and click “Trade now”.
Please check the box next to “I agree to the FTX US Terms of Service” and click “Sign up”.
Select your country and state if prompted.
Select “Individual” to begin the KYC process.

Do you need SSN for FTX?

We are required to hold it by law since your profile indicates you’re either a U.S. citizen or a U.S. resident. Without an SSN, we can’t issue your 1099 Tax Form, which you’ll need for your annual tax filing.

Is FTX federally insured?

Your FTX.US Account allows you to hold and transfer US dollars which are held by FTX.US for your benefit at U.S. FDIC-insured banks. FTX.US may impose withdrawal limits on your FTX.US Account from time to time in its discretion.

Is FTX and FTX.US the same?

FTX has two exchanges, the first one is ftx.com for users from all over the world except US citizens. For the US-based traders, FTX has made a US-regulated exchange on the FTX.us domain. US residents aren’t allowed to trade the exchange’s native cryptocurrency, called FTT.

Is FTX better than Coinbase?

Does FTX.US report to IRS?

When you sell or trade cryptocurrency, you’re required by the IRS to report the transactional details, including the capital gain or loss, on Form 8949. Form 8949 requires you to track and report the following for each of your cryptocurrency’s taxable events: Details of the cryptocurrency.

Can US citizens use FTX?

U.S. residents can’t trade on FTX’s global platform: Due to strict regulations for the crypto space in the United States, residents of the U.S. have limited access to FTX. The exchange has a U.S. partner, FTX.US, but its offerings are more limited than the global platform.

Does FTX report to CRA?

Does FTX report to the CRA? Yes — as a Money Services Business registered with FINTRAC, FTX is required to report to the Canada Revenue Agency (CRA).

Is FTX better than Binance?

In terms of staking rewards, Binance is the winner by default because FTX does not offer staking on its platform. Staking rewards give crypto investors the chance to earn income for supporting a coin as part of the verification process.