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How to Sell FTX Token (FTT)

FTT went on an over 10x run in 2021, rising in price from $5 to over $50 - at one point hitting $85. We review how and where to sell FTT, and the best supported cryptocurrency exchanges for FTT trading pairs - sell FTT for another altcoin, into Bitcoin, into cash or Tether (USDT).
FTX
FTX

The native currency of the FTX derivatives exchange platform is FTX token, which has the ticker FTT. According to the whitepaper, serves as the exchange’s backbone and propel the platform forward. The coin, which was originally intended for trade incentives, now serves additional purposes inside the ecosystem.

Users get a discount on trading fees based on the number of FTT tokens they own. FTT can used as collateral for futures trades, and to offer liquidity to the exchange in exchange for VIP rewards.

If you’ve made a good ROI over the 2021 bull market with FTT, this guide as part of our sell cryptocurrency series explains how to sell FTX token and take profit on a portion of your holdings.

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Contents [show]

    How to Sell FTX Token in August 2022

    1. Choose an exchange where FTT has been listed – it’s on Binance and ByBit
    2. Create an account in a few minutes
    3. Deposit your FTT into your account, find your FTT address in the wallet section
    4. Choose a trading pair – FTT/USDT to sell for Tether, FTT/BTC
    5. Use a market order to sell immediately or set a limit order at your price target

    Best Exchange to Sell Cryptocurrency

    FTT hasn’t been listed on eToro yet but since its a popular altcoin we expect it to be added soon. eToro is an FCA, ASIC and CySEC regulated exchange that makes it easy to sell cryptocurrency to fiat, supporting bank transfers, Skrill, Neteller, Paypal and other payment methods.

    As well as Binance, you can trade and sell FTX token on ByBit, KuCoin, Coinbase and Bitfinex.

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    You can also trade FTTUSDT perpetual futures on Binance and ByBit. Those are two options if you want to short sell FTT on leverage, and FTX exchange itself. It isn’t yet available at many other CFD brokers.

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