Is FTX legal in US? How to use FTX in US

Is FTX legal in US? How to use FTX in US

Robert McDougall 

September 28, 2022

Cryptocurrency

Disclaimer: Due to the collapse of FTX in November 2022, the information in this article about FTX is no longer relevant. If you are looking for a similar crypto exchange to FTX, here are our top recommendations:

FTX is one of the top crypto exchanges in the world, offering 275+ coins, extremely low trading fees, and a huge range of markets and tools that will satisfy even the most seasoned crypto trader. The problem is that FTX is not available in the US. There is a sister site called FTX US which you can use, and you can read our detailed review on FTX US here. Keep in mind that some features such as staking are not available on FTX US.

For those who want to use a crypto exchange like FTX, without compromising on features, the best option is to use MEXC (read the full review here). MEXC supports the largest number of cryptocurrencies on any platform, with 1,520+ coins, and offers extremely deep liquidity. The fees are low, and there are heaps of trading options, including futures, margin trading, copy trading, and trading bots. If you register using our link, you will receive $25 USDT FREE plus 10% off all your trading fees!

Can you use FTX in the US?

No, you won't be able to access FTX if you live in the US. You can access the partner site FTX US instead, which has limited features to comply with the regulations in the USA.

How to use FTX in the US?

You cannot use FTX in the US, but you can use the sister site FTX US. FTX US has some differences compared to FTX, such as fewer coins, and lack of staking. If you want a fully-fledged crypto trading platform like the global FTX site, sign up to MEXC. You can read our review here to decide whether it is right for you.

Why can't I use FTX in the US?

Since the US has extremely strict regulations regarding cryptocurrency exchanges, certain markets and products are not allowed. FTX caters for the global market, so it cannot operate in the US without breaching those rules. This is why they released the partner platform FTX US to service the US market.

Alternatives to FTX in the US

Our #1 alternative to FTX is MEXC. It is a massive cryptocurrency exchange that supports over 1,520+ coins, and has plenty of features for experienced traders.  Margin tradingcopy trading, trading bots, and staking are all supported. The fees for spot trading are 0.2% and futures trading are 0.02/0.06% (maker/taker). If you sign up with our link, you also receive $25 USDT FREE plus 10% off all your trading fees!

For more options, read our article on the best cryptocurrency exchanges in the US, and see the quick comparison table below.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
MEXC Global
Pionex
Coinmama
Uphold
Crypto Exchange
Crypto Exchange
eToro
MEXC Global
Pionex
Coinmama
Uphold
Fiat Currencies
Fiat Currencies
USD
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, GBP, EUR, CHF, AUD, JPY & 21 more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.2% for spot, 0.02%/0.06% for futures
0.05%
2.93% - 3.90% (depending on loyalty level)
Fees included in the spread

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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