FTX Token Wallet Choosing Guide

So you are the proud owner of some FTX Tokens (FTT). That’s great. Perhaps you believe in Sam Bankman-Fried or the crypto industry, or perhaps you believe in it all. Regardless of your beliefs, it doesn’t change the fact that you need an FTX Token wallet. You may think “I will just store it on the FTX exchange.” Sure, you could do that but why limit yourself? There are several amazing wallets out there to help you store, send and receive FTT. Some wallets even have advanced features beyond that. We’ll talk more later but first, a few key talking points. 

Key talking points:

• Learn what an FTT wallet is and how they work
• Understand the main features of an FTT wallet
• Learn about FTT wallet security
• Compare different types of FTT wallets
• Discover what FTT wallets are best for you

What is an FTX Token wallet?

An FTX Token wallet is a wallet that enables you to interact with the blockchain so you can send and receive FTX tokens. Crypto wallets are software and come in many different forms. You can find them online, on your desktop, on your mobile apps, or even on hardware, physical devices. The point is to look at the various features each wallet has to see which one is best for you. 

How does an FTX Token wallet work?

An FTX Token wallet should help you manage your portfolio, not physically storing your FTX Token. Each wallet comes with a set of public and private keys. The public keys are for the user to share with the public so they can receive transactions. The public keys are how the owner of the wallet verifies ownership of the funds in that wallet. Private keys are much like a PIN on your banking app or debit card. Some wallets manage these private keys for you. That’s fine as long as it’s a trusted wallet. Therefore, always conduct due diligence on your wallet provider. 

Main features you need in an FTX Token Wallet

When researching your FTX Token wallet, make sure it comes with the following features:

• Security and privacy
• Low or custom FTT transaction fees
• Two-factor authentication (2FA)
• Fiat onramps and offramps
• Low minimum deposit amount
• The ability to lock and unlock withdrawals at will
• Complete crypto exchange capabilities
• Customer support
• Multi-chain support
• Multisig
• Bonus features like Yields accounts, trading tools, and loans. 

Do I need an FTX Token Wallet to Buy or Trade FTT?

1000% yes. You cannot buy FTT without an FTX token wallet. Click the button at the bottom of this page to get your FTT wallet today from YouHodler. It’s free and easy to sign up. 

Are all FTX Token wallets secure?

Unfortunately, not all FTX Token wallets are secure. Be very careful when choosing a wallet as some are built poorly or with fraudulent backdoors for hackers to access. Always choose a wallet from a legitimate company that is regulated and prioritizes security. At YouHodler, we put client safety at the top of our list. Advanced security features for clients and regular security audits of our technology ensure funds are as safe as possible 

Are all FTX Token Wallets Free? How Much Does It Cost to Use an FTX Token Wallet?

Some wallets are free and some aren’t. In our opinion, crypto is for everyone. Therefore, it’s not polite to charge a fee to use a wallet. YouHodler’s wallets are free to use with minimal barriers to entry. Visit us today and try it for yourself. Of course, every transaction comes with a blockchain fee so keep that in mind during your budgeting process. 

How to deposit and withdraw from FTX Token Wallet

The FTT wallets on YouHodler are extremely easy to use. Whether you want to deposit FTT or withdraw FTT, we have the instructions laid out for you. So just follow them step by step and there should be no problems. If there are, however, please contact our support team and we’ll walk you through the process. 

Types and differences of FTX Token wallets - How to choose the right one for you?

FTX Token wallets come in all sorts of lovely shapes and sizes. So finding the best one for you should be a relatively easy task. Here are a few different types you can explore. 

Desktop FTT wallet

As its name suggests, a desktop FTT wallet is one that’s installed on a desktop computer or a laptop. Users get complete control over the wallet just as they would with a mobile wallet, just in a desktop environment. The main difference is that some desktop wallets have more advanced functionality like the ability to operate a complete node or full crypto exchange integration. 

Mobile FTT wallet

More or less, a mobile FTT wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone. Mobile FTT wallets are often more convenient due to their portable nature and the ability to scan QR codes for quick crypto transactions in stores or between peers. There are FTT wallets for all types of operating systems like Android or iOS. 

Web FTT wallet

Web FTT wallets are wallets that exist on a website or online service that allow users to send and receive cryptocurrency in addition to storing it. These wallets can be accessed anytime, and anywhere as long as there is the internet. Some of the most popular crypto services in the world are web wallets such as Coinbase, Kraken, Binance, and YouHodler. Security is a concern for web wallets but that can be managed with due diligence to make sure the web wallet you choose has a good history of high-level security and insurance. It’s also wise to use web wallets in tandem with the more secure hardware wallets. 

The Best FTX Token  Wallets

There are numerous articles out there dissecting different crypto wallets, trying to decide what is the “best FTX Token wallet.” To be honest, there is no “best FTT wallet” for us as a collective whole. However, there is an FTX Token wallet that is best for you and that depends on your wants and needs. At YouHodler, we tried our best to create a diverse, multi-faceted wallet that appeals to all sectors of the crypto industry. Is our wallet the best FTX Token wallet? Give it a try and find out!

Best FTX Token Wallet for Beginners

When asking what the best FTX Token wallet for beginners is, it’s important to first dissect what a beginner demands from an FTX Token wallet. Most importantly, is a user-friendly interface. Beginners who are new to crypto are taking in tons of information every day and they don’t need a complicated app on top of that to learn. Clean, simple interfaces are best for beginners with minimal navigation required. That’s why we designed YouHodler’s interface to appease beginner users with simple designs, clear buttons, and plenty of information databases to dig into. 

Best FTX Token Wallet For Advanced FTX Token Users & Investors

Advanced FTX Token users and investors also appreciate clean simple interfaces on their FTX Token wallet; however, they also want something flexible enough that meets their high demands. Advanced crypto traders want a wallet with low transaction fees, built-in crypto exchange capabilities, advanced security, staking features, and advanced financial services like loans and crypto trading. Advanced users are busy people and they can’t be bothered using multiple apps for different activities. That’s why we designed YouHodler to be the true one-stop-shop solution for advanced users with a wide array of FinTech services to fit their every need. 

Best FTX Token Wallet for Mobile Users

We live in a mobile world and that’s only going to increase. Hence, mobile FTX Token wallets are perhaps the most important wallets in development. There are thousands to choose from and the key is to find one with maximum efficiency and security. YouHodler’s mobile wallet has 2FA, 3FA, and the ability to lock your funds from withdrawal--requiring ID verification to unlock it. On top of that, the team runs regular security audits to ensure all wallets are secure from malicious actors.  People ``on the go” in a mobile economy, want to make sure their digital wallets are present, protected, and easy to use. Not all FTX Token wallets match this quality but YouHodler tries its best to. 

Best FTX Token Hardware Wallet

As mentioned earlier, it’s a smart idea to buy an FTX Token hardware wallet to use in cooperation with your mobile or web wallets. FTX Token hardware wallets are ideal for the long-term storage of crypto assets. Ideally, you want to keep some on a mobile or web wallet for payments, trading, and staking while keeping the rest safely in a secure hardware wallet. The Ledger series of hardware wallets are extremely popular and recommended by most advanced crypto users. Trezor is another brand worth mentioning. 

Best FTX Token Wallet for software storage

Once again, this comes down to the idea of “not your keys, not your crypto.” The best FTX Token wallet for long-term software storage are wallets where you fully own the private keys. It’s best to use this in combination with more diverse web wallets to enjoy the benefits of both worlds. 

Best FTX Token Wallet For Security

The best FTX Token wallets for security are the ones that prioritize security. Stay away from wallets that don’t have PIN options, 2FA, or basic security features. YouHodler has a PIN or thumbprint required to enter the app in addition to 2FA and 3FA upon request. We also run regular security audits to ensure our walls are strong and impenetrable. Lastly, we are backed by Ledger Vault and Fire Blocks for insurance and secure crypto transaction management solutions.

Best FTX Token Wallet for Android Users

While the battle between iPhones and Android phones wages on, it’s nice to know that crypto doesn’t pick sides. Most--if not all--of the most popular FTX Token wallets can be found on both Android and iOS operating systems. 

Click here to download YouHodler for Android. 

Best FTX Token Wallet for iOS Users

We’re also at the Apple store too! Click here to download YouHodler for iOS and ready all about our FTX Token wallet functionalities for your iPhone.