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Exodus vs FTX

Exodus logo

Exodus

Software

Secure, manage, and swap cryptocurrency

From
Free
Rated
-
Full reviewWebsite
F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Exodus in-app crypto swap rates start at 0.5%, charged on top of any network blockchain fees; FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • They diverge on capability: Exodus covers Multi-chain Wallet, FTX covers Futures Trading.

Where they differ

Only the attributes on which Exodus and FTX actually diverge.

Attributes where Exodus and FTX differ
AttributeExodusFTX
Pricing modelfreefreemium
PlatformsDesktop, Ios, Android, ChromeWeb, Ios, Android
Founded20152019

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Exodus

  • Multi-chain Wallet
  • Built-in Exchange
  • Staking
  • Portfolio Tracking
  • Web3 Browser
  • Trezor
  • 300+ assets
  • Desktop support

Only in FTX

  • Futures Trading
  • Options
  • Leveraged Tokens
  • Spot Trading
  • FTT Token
  • Serum DEX
  • Web support

Both cover

  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Exodus

  • Self custody multi-chain crypto wallet with built in swap and buy featuresnot FTX

FTX

  • Exchangesnot Exodus
  • Derivativesnot Exodus
  • Tradingnot Exodus

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Exodus

  • In-app crypto swap rates start at 0.5%, charged on top of any network blockchain fees

FTX

  • The exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • Around 130 affiliated companies including Alameda Research entered the same proceedings, with more than 100,000 creditors and assets and liabilities each between $10 billion and $50 billion
  • Founder Sam Bankman-Fried resigned as CEO on the filing and was replaced by John J. Ray III
  • It is not a service anyone can sign up for; the estate exists to repay creditors

Pricing, plan by plan

Exodus

Free
  • FreeFree
    • Multi-chain wallet
    • Built-in exchange
    • Staking

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Which should you pick?

Choose Exodus if

  • You need multi-chain wallet.
  • You want to start without paying.
  • You work on Desktop, Ios, Android, Chrome.
  • You also want built-in exchange.
Exodus review

Choose FTX if

  • You need futures trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want options.
FTX review

Questions people ask

Is Exodus or FTX better?
Neither clearly leads. Exodus starts at Free and FTX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Exodus or FTX?
Exodus starts at Free and FTX at Free.
Does Exodus or FTX run on more platforms?
Exodus runs on Desktop, Ios, Android, Chrome. FTX runs on Web, Ios, Android.
Can I use Exodus for free?
Both have a free tier, so you can try either at no cost before committing.
What is Exodus best used for?
Exodus is most often used for self custody multi-chain crypto wallet with built in swap and buy features. Of those, self custody multi-chain crypto wallet with built in swap and buy features is not what FTX is typically brought in for.
What can Exodus do that FTX cannot?
Exodus covers Multi-chain Wallet, Built-in Exchange, Staking, Portfolio Tracking. FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Both handle Ios support, Android support.

Answered from the vendors’ own pages

FTX: What happened to FTX?

FTX filed for bankruptcy on November 11, 2022, after revelations about Alameda Research's massive holdings of FTX's token (FTT) triggered a liquidity crisis. The platform collapsed within days as a competing rescue deal fell through.

Source
FTX: Can I recover funds from FTX bankruptcy?

FTX has been in Chapter 11 bankruptcy proceedings since November 11, 2022. Customer funds have been subject to claims through the bankruptcy process, with asset recovery efforts ongoing.

Source
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Related pages

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