FTX vs. Coinbase 2022 | Which Crypto Alternate Is Superior?

Selecting a cryptocurrency trade can really feel like a large determination. In spite of everything, you need to make sure you’re getting the very best buying and selling offers attainable and have ample coin choice. It is also necessary to maintain your digital belongings safe and to have the buying and selling instruments it is advisable succeed.

FTX and Coinbase are two of the preferred world exchanges on the market. However relying on the way you commerce and the place you reside, one firm may be superior to the opposite.

Our FTX vs. Coinbase evaluate is protecting the foremost variations between these exchanges, together with charges, buying and selling choices, safety, and extra. By the tip, you need to have a greater understanding of every trade so you may determine the place to begin investing in crypto.

About FTX

FTX is a world cryptocurrency trade that operates with two branches: FTX.com and FTX.US. Worldwide customers can use FTX.com to spend money on a whole lot of various cryptos and pay low buying and selling charges.

In distinction, U.S. clients use FTX.US, which helps about 20 cryptos but in addition has low buying and selling charges.

About Coinbase

Coinbase is among the hottest crypto exchanges on the planet. It is identified for its beginner-friendly interface and is usually the place to begin for many individuals’s journey in crypto investing.

Coinbase helps 150+ cryptocurrencies and allows you to commerce beginning with simply $2. It does not have totally different variations for worldwide versus U.S. customers like FTX. Nonetheless, there’s Coinbase and Coinbase Professional, with the latter catering to extra energetic merchants who need decrease charges.

Distinctive Options of FTX & Coinbase

FTX Options

Coinbase Options

FTX vs. Coinbase: Supported Cryptocurrencies

If you happen to’re a global buyer, FTX.com has extra crypto availability than Coinbase. However when you’re a U.S. investor, Coinbase has over 5 occasions the variety of cryptos as FTX.US.

Nonetheless, all three choices allow you to spend money on main cryptos like:

FTX.com and Coinbase have loads of altcoins and stablecoins as nicely, though FTX.com helps extra belongings total than Coinbase.

FTX vs. Coinbase: Charges

Buying and selling charges could make or break an trade. In spite of everything, if excessive charges eat into each commerce, you are going to have decrease returns. Moreover, energetic buying and selling turns into much less interesting when you’re always getting dinged.

FTX.com and FTX.US each take the sting over Coinbase when it comes to charges. That is very true for FTX.US the place taker charges begin at 0.20% and maker charges begin at 0.10%.

In distinction, common spot buying and selling on Coinbase can value 0.50% to three.99% relying in your fee technique plus $0.99 to $2.99 relying in your commerce quantity. As for Coinbase Professional, which is being changed by Coinbase Superior Commerce in 2022, maker charges begin at 0.40% and taker charges begin at 0.60% which is considerably larger than FTX.US.

Coinbase Professional charges are extra much like FTX.com charges. However for U.S. clients, the clear winner is FTX.US. And now that FTX Professional provides commission-free inventory buying and selling like many main on-line brokers, it has much more aggressive pricing over Coinbase.

FTX vs. Coinbase: Usability

Each Coinbase and FTX are easy-to-use exchanges that cater to newbie crypto merchants.

With FTX, you should use its intuitive cell app to begin buying and selling. Each variations even have a comparatively simple trade for spot buying and selling but in addition supply extra superior charting instruments to assist with technical evaluation.

As for Coinbase, the fundamental model of the trade is among the most intuitive ones on the market. Spot buying and selling is easy, and Coinbase has loads of guides and academic sources to assist inexperienced persons. And when you want extra buying and selling instruments, you may improve to the free Coinbase Professional platform.

Nonetheless, the truth that FTX is transferring into inventory buying and selling alongside crypto buying and selling is very large. It is the primary main dealer to dip its toes into each waters, and this provides an unbelievable quantity of versatility to the platform that Coinbase does not come near matching.

FTX vs. Coinbase: Crypto Rewards

As of late, many exchanges supply staking or lending choices to let customers earn passive earnings with their crypto. Many exchanges additionally supply crypto sign-up bonuses to entice new clients.

Sadly, FTX.US does not supply staking rewards or lending. In distinction, FTX.com enables you to stake 4 totally different belongings: FTT, Serum, Solana, and RAY.

As for Coinbase, you may stake six totally different belongings presently for as much as 5% APY. It additionally has a crypto rewards debit card that pays as much as 4% again in crypto for on a regular basis spending. Plus, customers earn small quantities of free crypto by finishing brief academic Coinbase Earn classes.

Truthfully, each FTX and Coinbase are lackluster on the crypto rewards entrance in comparison with the competitors. For instance, firms like Nexo and BlockFi allow you to earn larger rates of interest with extra cryptocurrencies by means of lending. BlockFi additionally has a greater crypto rewards bank card, and Nexo has among the highest rates of interest on the market.

FTX vs. Coinbase: Supported International locations

FTX.com is on the market in over 200 international locations, whereas Coinbase is in over 100. Nonetheless, FTX.US does really feel like a “lite” model of the primary trade to some extent.

Finally, U.S. clients have extra choices with Coinbase than FTX.US. However for worldwide help, FTX.com is the clear winner.

FTX vs. Coinbase: Buyer Help

Buyer help is one other necessary issue to think about when selecting an trade. If in case you have hassle together with your crypto pockets or making a commerce, it is necessary to have available help to assist clear up your points.

Each FTX.com and FTX.US allow you to attain buyer help by submitting a ticket. As for Coinbase, you may also submit a ticket or use reside messaging by means of your net browser. Coinbase additionally has 4 totally different buyer help helplines if it is advisable converse to somebody.

FTX vs. Coinbase: Insurance coverage & Safety

One last side of FTX and Coinbase to think about are insurance coverage insurance policies and safety.

Crypto continues to be a considerably unregulated trade, and most exchanges lack the extent of safety you get out of your financial institution. This implies falling sufferer to a crypto rip-off or dropping entry to your account can imply that you just lose every part.

FTX.com does not have data concerning a digital asset insurance coverage coverage. As for FTX.US, your U.S. {dollars} are held in FDIC-insured accomplice banks. The trade additionally works with BitGo Belief which offers as much as $100 million in digital asset insurance coverage.

Coinbase clients additionally get FDIC-insurance on money balances. It additionally carries crime insurance coverage that helps defend digital belongings towards theft and loss.

Moreover, FTX.com, FTX.US, and Coinbase all supply account safety features like two-factor authentication and pockets whitelisting.

Nonetheless, when you lose entry to your account or fall for a rip-off, it is extremely unlikely any trade will cowl your losses. For this reason taking account safety into your personal palms is necessary, so by no means share your keys with anybody. And when you’re not actively buying and selling, think about transferring your crypto to a {hardware} pockets like Ledger or Trezor or a software program pockets like Exodus.

Execs and Cons of FTX