FTT is the native cryptocurrency token of the crypto trading platform FTX. Holding FTT gives rebates to holders on the FTX platform, while staking it provides access to increased rewards. FTT is burned by FTX on a weekly basis, with the amount burned dictated by multiple factors including the fees generated on the platform.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store FTX Token. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing FTX Token and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store FTX Token without any technical knowledge. Here is a brief overview of the existing wallet options to store your FTX Token:
Hosted wallets are wallets where the private keys to your FTX Token are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your FTX Token online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your FTX Token. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your FTX Token, and if malicious parties have access to your device, your private keys (and therefore your FTX Token) can be stolen.
A hardware wallet is a physical device on which you can store your FTX Token offline. It is one of the safest ways to store your FTX Token, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your FTX Token is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive FTX Token. Once you have purchased FTX Token on Bitvavo, you can choose to send your FTX Token from your Bitvavo wallet to your own software or hardware wallet.