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Claim FTX: Choose Where to Receive Your Funds Before January 3rd (Step 8)

The end is near for FTX.com clients using the US claim process. Funds distribution starts January 3rd, but you must first choose your payout platform. Here's how to make sure you don't miss out...

For FTX.com customers who selected the United States claim procedure, the arduous journey is finally approaching its conclusion. As previously announced, the eagerly awaited distribution of funds is slated to commence on January 3rd. However, before that date arrives, it is imperative that you designate the platform where you wish to receive your reimbursement. In this article, we will guide you through the necessary steps to ensure a smooth process.

Step 1: Log In to the Claims Platform

As with previous stages, everything is handled through the dedicated claims website, claims.ftx.com. By now, navigating this platform should feel familiar. Simply log in by selecting the FTX.com option located at the bottom left corner of your screen.

If you have yet to complete Step 7 regarding your tax information, there’s still time. Consult our previous article for a detailed walkthrough of that process.

Step 2: Choose a Platform

Click on “Step 8” to select the platform where you’d like to receive your funds. After entering your country of residence, the available options will appear. Currently, only BitGo and Kraken are offered. While a third choice may be added soon, it’s not guaranteed at this time.

To receive your payout on one of these platforms, you must have an account opened using the same email address as your FTX account.

Carefully compare the platforms before making your decision, as it cannot be modified once submitted. If you don’t have an account with BitGo or Kraken, we recommend signing up on your preferred platform before finalizing your selection with FTX. Ensure that your account is fully operational (KYC validated, etc.) prior to proceeding to the next step.

Step 3: Link Your Accounts

After choosing your platform, you’ll need to link it to your FTX claim. Click “Proceed to Kraken” (or “Proceed to BitGo”), which will direct you to the exchange’s login page. Sign in and follow the prompts to connect your accounts.

Once the association is complete, you can verify that Step 8 has turned green on FTX.claim, indicating that the process was successful.

Key Takeaways

  • FTX.com clients using the US claim process must select a payout platform before January 3rd
  • Kraken and BitGo are currently the only available options
  • You must have an account on the chosen platform using the same email as your FTX account
  • Carefully compare platforms, as the decision cannot be changed once submitted
  • Sign up and fully verify your account on Kraken or BitGo before finalizing your selection with FTX

While FTX states that the funds distribution should begin on January 3rd, Kraken provides a broader timeline, indicating that you can expect to receive your FTX funds within the next six months. An email notification will be sent once the transfer is complete.

If you’re still unsure about what to do with this money that nearly vanished forever, be sure to check our pages regularly for insights that could help you discover the next hidden gem in the ever-evolving world of cryptocurrencies.

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