With an FTX account setup, you can now buy TSLA tokens after you’ve deposited your desired amount of Bitcoin (BTC) on the exchange and converted it to USD, head over to the Equities tab when you’re ready to get started. Tesla (TSLA) tokens can be bought with USD for spot tokens that are backed by CM-Equity. CM-Equity is fully regulated in Germany, and is a licensed financial institution permitted to offer these products.. Depending on why you’re interested in TSLA tokens, you can decide whether you want to hold TSLA tokens like they’re real stocks, or simply trade the token in the short term.

In terms of functionality, Tesla (TSLA) tokens on FTX operate just like any other token. You can either hold them in your FTX account and treat them like a real investment, or trade them back and forth when it is convenient to you. If you decide to trade TSLA tokens on FTX, you need to understand the risks around trading first, FTX has a help section focused on this.

FTX Exchange is one of the first cryptocurrency exchanges to offer Tesla (TSLA) tokens and are our top recommendation when deciding which exchange to trade on.

The Tesla (TSLA) spot tokens are backed by shares of Tesla stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired.

Buying Tesla (TSLA) tokens on FTX is an easy way to get started owning or trading TSLA with no need for complicated registrations on traditional brokerage platforms. If you are trading the spot markets, you own whatever TSLA tokens you purchase.

TSLA tokens can currently be purchased on FTX and the exchange is looking to add more popular equities such as Apple and Google in the future. FTX Exchange is by far the most secure and reliable when it comes to spot and leverage trading.

Whether your Tesla (TSLA) trade went your way or not, you may want to convert your USD balance back to BTC for withdrawal. Luckily FTX exchange make this just as simple as it was when you started. Go back to your Wallet, search “USD” and click “Convert”. If you wish to perform KYC and upgrade your identity status on FTX Exchange, you can even request a bank transfer into your own account if you’d rather keep everything in USD and not bother with cryptocurrencies at all.

Following the screenshot provided, ensure the conversion is from USD Stablecoins (USD) to Bitcoin (BTC). Enter the amount of USD you’d like to convert and click “Convert” to proceed. You can obviously convert your USD to a wide range of cryptocurrencies on the platform if you’d rather hold something other than BTC.

Unless you’re trading, never keep your coins on an exchange for an extended period of time. FTX Exchange has proven itself over time to be an extremely trustworthy exchange, but it’s just best practice to be in control of your own funds at all times. To withdraw your Bitcoin (BTC) or whatever funds you converted your USD to, go to your Wallet and click “Withdraw” on your new balance. Bitcoin (BTC) can be safely stored using a software wallet like Exodus or a hardware wallet like a Ledger Nano X.

Enter the amount of Bitcoin (BTC) you’d like to withdraw in the text-box provided. Enjoy the fee-less withdrawals FTX Exchange offers and make sure the withdraw address you have entered is yours and is correct.

When you’re happy, click “Withdraw”. You may be asked for phone/email verification before a withdrawal can be processed.