Where & How to Buy FTX Token (FTT) for Beginners in 2025

Trade your favourite markets with our top-rated broker, eToro.

eToro 4.6/5

51% of retail CFD accounts lose money. Your capital is at risk.

Visit site

51% of retail CFD accounts lose money. Your capital is at risk.

FTX Token coins are not easily available to buy via cryptocurrency exchanges. A lot of altcoins exist only in the peer-2-peer market (P2P), where you use a ‘decentralized crypto exchange’ to get your hands on FTX Token.

These exchanges function similar to a physical marketplace, where people go to trade things with each other.

You can’t really ‘buy’ FTX Token with US dollars. Altcoins like this are only traded for other cryptocurrencies, such as USDT, Ethereum, Solana, or Binance Coin, in a process that’s commonly referred to as a ‘swap’ or ‘swapping’.

This means that to purchase FTX Token you need to first own another crypto, like USDT or Ethereum, to swap for FTT.

Don’t worry, it sounds complicated at first, but once you’re set up and you’ve done it a few times it’s a fairly quick process. Use the guide below to learn how to swap USDT for FTT.

How to buy FTX Token in 4 steps

To buy FTX Token you need a smartphone or a computer and an internet connection. It can take up to an hour the first time and you should have some photo ID to hand.

For the purposes of this guide, we’ll use USDT in all our examples as it mirrors the US dollar and keeps things simple for beginners. Here’s how to do it:

Step 1. Sign up to a crypto platform

Copy link to section

We’ve ranked KuCoin as the best crypto platform to get started with. We chose this because the exchange lets you buy and withdraw USDT, Ethereum, Solana, Binance Coin, and more, which you may need for this process.

KuCoin has lots of other coins available and is one of the best known crypto exchanges around. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

You then need to fund your account using a bank transfer, credit/debit card or method of your choice. Once funded, you can purchase the altcoin you’ll be using to swap for FTT later, for example, USDT.

We found 5 crypto platforms for users based in

Sort by Recommended Minimum Deposit Safest Platforms User Rating

4.2

KuCoin

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

KuCoin review

3.2

Bitvavo

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

Bitvavo review

How to buy FTX Token

Min. Deposit n/a

Fees –

No. assets n/a

Demo account –

Visit site

Step 2. Transfer USDT to a crypto wallet

Copy link to section

Once you have your USDT you will need to transfer it to a crypto wallet. There are lots of wallets to choose from but the best option is MetaMask. You can use the app on your phone, or right from your web browser using a Google Chrome extension.

When you transfer your USDT you will need your unique wallet address. Wallets are like bank accounts for cryptocurrencies, and unique addresses are like account numbers. The image below shows you where you can find your wallet address in MetaMask.

Once you have your address, head to USDT on your exchange and ‘withdraw’, following the process for withdrawal to your wallet address.

Step 3. Connect your wallet to a DEX

Copy link to section

To add another layer of complexity, there are quite a lot of decentralized exchanges available and they don’t all allow you to swap any altcoin.

FTT is only going to be available on some of them, however most altcoins are available to swap Uniswap. Head to the Uniswap home page and click the pink button in the top right corner which says ‘launch app’.

Now, in the same corner click on ‘connect wallet’ and you’ll be given a selection of wallets to choose from. Click on MetaMask and hit connect.

You will now be able to access your USDT in Uniswap.

Step 4. Swap USDT for FTT

Copy link to section

With your wallet now connected, you’re now set up and can transact anytime you wish.

Select USDT from the first drop down list. In the second drop down you need to choose FTT. Finally enter the amount of USDT you want to spend and the platform will show you exactly how much FTT coins you will be able to get. If you’re happy with the amount, execute your trade.

That’s all there is to the process! Although it seems strange at first, every crypto investor has to follow these steps at some point if they want to own upcoming altcoins.

Now you own FTX Token tokens! Not a big deal, right?

Read more about how we rate, rank and review platforms.

Best exchanges to get started, reviewed

As explained above, you have a selection of platforms to use as an onramp to the altcoin market. Any of the following apps are perfectly fine places to buy cryptocurrencies such as USDT, Ethereum, Solana, and Binance Coin.

1. KuCoin. Best social trading altcoin exchange

Copy link to section

4

Ratings

$-

Min. deposit

…

Fees

–

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Read review Visit KuCoin

How to trade FTT

You can trade FTX Token on a decentralized cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how FTT crypto trading works:

1. Monitor the price: For simplicity, let’s say the price of FTT/USDT is $1. You read the price charts and decide that now is a good time to start purchasing FTT.
2. Open a trade: You trade one USDT for one FTT ($1 USD for 1 FTT).
3. Continue to monitor the price: The following month, one FTT token is now worth $2, a 100% increase.
4. Close your trade: You trade your FTT token back to USDT for $2.

In this example, you buy and sell FTX Token, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for FTX Token (FTT)?

Because you can’t buy FTX Token using fiat currencies like US dollars, the simplest way to buy FTX Token cryptocurrency is by swapping an altcoin for it. Here are some of the top ways to pay for altcoins:

• Buy altcoins with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

• Buy altcoins with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy altcoins with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option, however you can find here the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store FTX Token (FTT)?

You can keep your FTX Token stored perfectly safely on MetaMask. If you’ve followed this guide, you won’t need to set up anything additionally as you’ll already have your coins in the MetaMask wallet.

Is now a good time to buy FTX Token?

The answer depends on the current price and your own investment goals. Put simply, buying FTX Token, selling FTX Token, and trading FTT are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade FTX Token.

• As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of FTT, then a good time to purchase FTX Token is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying FTX Token and selling it the next day probably isn’t why you’re here either.

How has FTX Token (FTT) performed this year?

The current FTX Token price today is $2.73, which is -96.79% versus its all time high of $85.02, which it reached on 09 September 2021. FTT is -40.62% this year, with a 52 week high of $5.94 and a 52 week low of $1.01. 

Regardless, closely following FTX Token price news & analysis will help you decide when to pull the trigger.

Is FTX token (FTT) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of FTX token and its token to help you decide whether to invest in FTT.

• FTX filed for bankruptcy. In 2022, the FTX exchange filed for bankruptcy. Its founder, Sam Bankman-Fried, was arrested and extradited to the United States, where he is expected to face numerous charges, including fraud. 
• FTT dropped to nearly zero. Following the collapse of the FTX exchange, FTT dropped significantly and, in December 2022, was trading below $1. Investing in it at this stage is extremely risky. 
• FTX is no longer online. Until court hearings and possible trials are concluded, FTX is expected to remain offline. Buying FTT tokens is not recommended. 

Use this quick summary of the pros and cons to compare FTX tokens with other similar projects.

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

FAQs