Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy FTX Token. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

FTX Token

Australia has a good number of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has FTX Token. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy FTX Token in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy FTX Token

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has FTX Token in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying FTX Token, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer FTX Token.

If you’d like to learn more about the exchanges we prefer, read our comparison of the best crypto trading platforms.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy FTX Token, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy FTX Token

The final step is to go to their asset list, find FTX Token, navigate to the buy section, and then trade your AUD for some FTT. Once you’ve bought FTX Token, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy FTX Token (FTT)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell FTX Token

If you’re thinking about selling FTX Token, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on FTX Token in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell FTX Token for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying FTX Token in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy FTX Token with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find FTX Token. Have a look on their site first, you might be lucky.

How to buy FTX Token with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy FTX Token with your credit/debit card.

About FTX Token

FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX. It was launched May 8, 2019.

FTX is a group of prominent crypto traders that has been working together for several years. They became frustrated with the performance of most mainstream crypto futures exchanges, and decided to build their own platform. FTX claims that their platform is unique due to features like clawback protection, a centralized collateral pools, and universal stablecoin settlement.

Socialized losses have taken large amounts of customer funds from derivative exchanges in order to avoid clawback. FTX reduces this by using a three-tiered liquidation procedure.

Multiple token wallets are used to split the collateral from existing crypto futures exchanges. This makes it more difficult for traders to liquidate their positions and can prevent them from being liquidated. FTX derivatives on the other side are stablecoin-settled. They require only one universal margin wallet.

FTT also has leveraged tokens. These tokens allow traders to take leveraged positions without having to trade on margin. By purchasing a 3x leveraged token on FX, a trader can short Bitcoin with 3x leverage. These tokens are ERC20 compatible and can be listed on any spot exchange. Currently, FTX has XRP, BNB, TRX and BTC. TRX, BTC. ETH, EOS. USDT, LEO leveraged tokens

Almeda Research has backed FTX, a well-respected company in crypto trading and one of the largest liquidity providers.

FTX was developed by professionals with extensive experience in the field. They provide a variety of services including collateral, maintenance margins, liquidation processes and product listing. FTX claims they are focused on rapid growth, allowing them to implement crypto trading systems quickly.

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