With FTX – one of the safest and most prominent crypto derivatives exchanges around, you can trade for Solana tokens using USD, USDT and Bitcoin. Once you bought SOL tokens, you can also stake them to receive 6% APY. I have staked FTT tokens for free withdrawals from the platform earlier, today is my first day staking Solana in FTX.
It’s real! hahaha! I staked 25 FTX tokens in FTX exchange, and there’s no maker fees being charged on all my purchases and selling! I’m loving FTX exchange, however coins such as Avalanche, Polkadot, Cardano, Luna are not available for purchase in FTX. However, it is still a good place if you trade cryptocurrency often.
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In the past 20 years, I used Lim&Tan broker to trade stocks. I used Lim&Tan as they provide NTUC Linkpoints on the commission amount, which makes it really attractive during times when I trade almost everyday. I have so much linkpoints that I can use them to buy a basket of goods when I shop at NTUC.
Enters Moomoo and Tiger in 2021, which provides very low cost trading platform. However, we must always fund our Moomoo and Tiger accounts first before we can start trading, and the shares traded are not held under our names, unlike Lim & Tan Broker. However, I enjoy the low commission and trading fees offered by Moomoo and Tiger, and would put some money in both platforms for trading opportunities.
FTX is one of the exchanges I use to buy crypto coins. I transferred USD100 in the morning using DBS Same Day remit, and by 8pm on the same day, I received a confirmation from FTX that they received the USD.
Below are the screengrabs I took for the entire process of funds transfer.
There are 2 process you need to do. First, it is to add FTX as a USD recipient in the DBS platform. Secondly, transfer the SGD amount, which DBS would then convert to USD for you, and remit to FTX.