Software · head to head
FTX vs Gate.io
The short version
- Only FTX has a free tier, so it costs nothing to try first.
- Each has a real cost: FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022; Gate.io withdrawal fees are dynamic and fluctuate based on network conditions without advance notice
- They diverge on capability: FTX covers Options, Gate.io covers Margin Trading.
Where they differ
Only the attributes on which FTX and Gate.io actually diverge.
Identical on both: 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
- Options
- Leveraged Tokens
- FTT Token
- Serum DEX
Only in Gate.io
- Margin Trading
- Startup IEO
- Copy Trading
- GateChain
- GT Token
Both cover
- Futures Trading
- Spot Trading
- Web support
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
FTX
- Exchangesnot Gate.io
- Derivativesnot Gate.io
- Tradingnot Gate.io
Gate.io
- Cryptocurrency spot and futures trading with 3,800+ trading pairsnot FTX
- Web3 wallet integration for cross-chain cryptocurrency swapsnot FTX
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
Gate.io
- Withdrawal fees are dynamic and fluctuate based on network conditions without advance notice
Pricing, plan by plan
FTX
Free- StandardFree
- Spot trading
- Futures
- Options
Gate.io
On requestNo published plan breakdown. See the Gate.io review.
Which should you pick?
Choose FTX if
- You need options.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want leveraged tokens.
Choose Gate.io if
- You need margin trading.
- You work on Web, iOS, Android.
- You also want startup ieo.
Questions people ask
- Is FTX or Gate.io better?
- Neither clearly leads. FTX starts at Free and Gate.io at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, FTX or Gate.io?
- FTX has a free tier; the other does not. Paid plans start at Free for FTX and On request for Gate.io.
- Does FTX or Gate.io run on more platforms?
- FTX runs on Web, Ios, Android. Gate.io runs on Web, iOS, Android.
- Can I use FTX for free?
- Yes. FTX has a free tier, so you can try it without paying. Gate.io starts at On request.
- What is FTX best used for?
- FTX is most often used for exchanges, derivatives, trading. Of those, exchanges and derivatives are not what Gate.io is typically brought in for.
- What can FTX do that Gate.io cannot?
- FTX covers Options, Leveraged Tokens, FTT Token, Serum DEX. Gate.io covers Margin Trading, Startup IEO, Copy Trading, GateChain. Both handle Futures Trading, Spot Trading, Web support, Ios 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.
SourceFTX: 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