Bahamas
United Kingdom
Australia
Singapore
activeFeaturedExchange
- HQ
- San Francisco
- Fee
- Free to hold
5.2Caution
AlternativesOur take
Desk verdict
Not a product. A warning label with a logo.
FTX collapsed in November 2022. Customer assets were commingled and stolen. This register keeps the tombstone so ‘FTX alternative’ pages have somewhere honest to land.
FTX has no banking licence named on this page — treat the app icon as marketing until the entity is clear. On safeguarding we currently write: None. Bankruptcy estate.. No AML programme is claimed in the file we have. There is no IBAN-class local rail on the flags we store. We list 4 live markets on the product. As we score the sticker: monthly —; FX —; ATM —. This desk would open it for: Why custody and proof-of-reserves talk exists.
What it does well: . What to watch: Fraud. Desk score 5.2 / 10 (safety 0.5, fees 7.0, features 8.0, app 8.0). Last verified 2026-08-01. Headquartered in Nassau / Hong Kong, Bahamas; founded 2019. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Why custody and proof-of-reserves talk exists.
Closed 2022-11
Fraud and bankruptcy. Customer assets commingled. Court-supervised recovery.
Pros
Cons
- −Fraud
How it actually works
- Custody
- Exchange omnibus / customer assets
- Local rails
- ACH / USD · Faster Payments
- Built for
- Personal
- Settlement
- On-chain + withdrawal queues
- Review risk
- Closed — no new customers
- Pay surface
- No card rail listed
Safety
None. Bankruptcy estate.
- No banking licence listed. Read the entity, not the app icon.
Fees
- Monthly
- —
- FX markup
- —
- ATM
- —
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- –Google Pay
- –Virtual card
- –Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Was: spot, derivatives, token
Score
- Safety25%
- 0.5
- Fees20%
- 7.0
- Features15%
- 8.0
- App15%
- 8.0
- Global15%
- 8.0
- Support10%
- 1.0
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
FAQ
Is FTX a bank?+–
FTX is not a licensed deposit-taker in the classic sense. Treat the balance as a fintech ledger until you confirm the holder.
How is money protected?+–
None. Bankruptcy estate.
Where is FTX available?+–
We list 4 market desks on the desk. Residency and onboarding rules still sit with FTX.
Card and wallets?+–
No card rail listed
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
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