Softwr

Software · head to head

FTX vs Coinbase

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
Coinbase logo

Coinbase

Software

Buy, sell, and trade cryptocurrency with ease

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022; Coinbase the App Store listing states standard Coinbase trades carry fees and that a paid Coinbase One subscription is needed for zero trading fees and boosted staking rewards, and that fractional stock shares start at $1.
  • They diverge on capability: FTX covers Futures Trading, Coinbase covers Cryptocurrency Trading.

Where they differ

Only the attributes on which FTX and Coinbase actually diverge.

Attributes where FTX and Coinbase differ
AttributeFTXCoinbase
Founded20192012

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, Ios, Android), 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 FTX

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

Only in Coinbase

  • Cryptocurrency Trading
  • Staking
  • Coinbase Wallet
  • Coinbase Card
  • Bank transfers
  • PayPal
  • Apple Pay

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

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

FTX

  • Exchanges
  • Derivativesnot Coinbase
  • Trading

Coinbase

  • Exchanges
  • Trading
  • Walletsnot FTX

Both are used for exchanges, trading, on those jobs the choice comes down to price and fit rather than capability.

Where each one falls short

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

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

Coinbase

  • The App Store listing states standard Coinbase trades carry fees and that a paid Coinbase One subscription is needed for zero trading fees and boosted staking rewards, and that fractional stock shares start at $1.

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Coinbase

Free
  • FreeFree
    • Buy and sell crypto
    • Coinbase Wallet
    • Staking rewards
  • Coinbase One$29.99/month
    • Zero trading fees
    • Priority support
    • Advanced trading tools

Which should you pick?

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

Choose Coinbase if

  • You need cryptocurrency trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want staking.
Coinbase review

Questions people ask

Is FTX or Coinbase better?
Neither clearly leads. FTX starts at Free and Coinbase at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or Coinbase?
FTX starts at Free and Coinbase at Free.
Does FTX or Coinbase run on more platforms?
Both run on Web, Ios, Android, so platform support will not decide this one for you.
Can I use FTX for free?
Both have a free tier, so you can try either at no cost before committing.
What is FTX best used for?
FTX is most often used for exchanges, derivatives, trading. Of those, derivatives is not what Coinbase is typically brought in for.
What can FTX do that Coinbase cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Coinbase covers Cryptocurrency Trading, Staking, Coinbase Wallet, Coinbase Card. Both handle Web support, 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
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on FTX

More on Coinbase

Keep looking

Other head to heads