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FTX vs Google Pay

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
Google Pay logo

Google Pay

Software

Fast, simple and secure payments

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; Google Pay limited to Android devices and Chrome browser; lacks native support for iOS devices
  • They diverge on capability: FTX covers Futures Trading, Google Pay covers Digital wallet.

Where they differ

Only the attributes on which FTX and Google Pay actually diverge.

Attributes where FTX and Google Pay differ
AttributeFTXGoogle Pay
Pricing modelfreemiumfree
PlatformsWeb, Ios, AndroidAndroid, Chrome browser
Founded20192015

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 FTX

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

Only in Google Pay

  • Digital wallet
  • Contactless payments
  • Online shopping
  • P2P money transfers
  • Credit cards
  • Debit cards
  • Bank accounts
  • IOS support

Both cover

  • Android support

What people use each for

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

FTX

  • Exchangesnot Google Pay
  • Derivativesnot Google Pay
  • Tradingnot Google Pay

Google Pay

  • Android users making contactless payments at supported retailersnot FTX
  • Chrome browser users utilising payment autofill at checkoutnot 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

Google Pay

  • Limited to Android devices and Chrome browser; lacks native support for iOS devices
  • International money transfer through third-party provider (Wise Inc.) with limited details on coverage

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Google Pay

Free

No published plan breakdown. See the Google Pay review.

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 Google Pay if

  • You need digital wallet.
  • You want to start without paying.
  • You work on Android, Chrome browser.
  • You also want contactless payments.
Google Pay review

Questions people ask

Is FTX or Google Pay better?
Neither clearly leads. FTX starts at Free and Google Pay at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or Google Pay?
FTX starts at Free and Google Pay at Free.
Does FTX or Google Pay run on more platforms?
FTX runs on Web, Ios, Android. Google Pay runs on Android, Chrome browser.
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, exchanges and derivatives are not what Google Pay is typically brought in for.
What can FTX do that Google Pay cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Google Pay covers Digital wallet, Contactless payments, Online shopping, P2P money transfers. Both handle 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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