Is FTX or OKX better?

Neither clearly leads. FTX starts at Free and OKX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.

Which is cheaper, FTX or OKX?

FTX starts at Free and OKX at Free.

Does FTX or OKX run on more platforms?

FTX runs on Web, Ios, Android. OKX runs on Web, iOS, Android.

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 OKX is typically brought in for.

What can FTX do that OKX cannot?

FTX covers Futures Trading, Options, Leveraged Tokens, FTT Token. OKX covers Derivatives, DeFi, NFT Marketplace, Web3 Wallet. Both handle Spot Trading, Web support, Ios support, Android support.

Software · head to head

FTX vs OKX

FTX

Software

Cryptocurrency derivatives exchange

From: Free
Rated: -

Full review Website

OKX

Software

Trade crypto with confidence

From: Free
Rated: -

Full review Website

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; OKX withdrawal fees are dynamic and vary based on network conditions
They diverge on capability: FTX covers Futures Trading, OKX covers Derivatives.

Where they differ

Only the attributes on which FTX and OKX actually diverge.

Attributes where FTX and OKX differ
Attribute	FTX	OKX
Founded	2019	2017

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
FTT Token
Serum DEX

Only in OKX

Derivatives
DeFi
NFT Marketplace
Web3 Wallet
OKB Token
OKX Chain
Desktop support

Both cover

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 OKX
Derivativesnot OKX
Tradingnot OKX

OKX

Cryptocurrency spot and derivatives trading with 280+ cryptocurrenciesnot FTX
Web3 wallet and decentralised finance services for DeFi participantsnot 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

OKX

Withdrawal fees are dynamic and vary based on network conditions
Subject to regulatory restrictions by jurisdiction; availability limited in some countries

Pricing, plan by plan

FTX

Free

StandardFree
- Spot trading
- Futures
- Options

OKX

Free

StandardFree
- Spot trading
- Derivatives
- DeFi
VIPFree
- Reduced fees
- Priority support
- Higher limits

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 OKX if

You need derivatives.
You want to start without paying.
You work on Web, iOS, Android.
You also want defi.

OKX review

Questions people ask

Is FTX or OKX better?: Neither clearly leads. FTX starts at Free and OKX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or OKX?: FTX starts at Free and OKX at Free.
Does FTX or OKX run on more platforms?: FTX runs on Web, Ios, Android. OKX runs on Web, iOS, Android.
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 OKX is typically brought in for.
What can FTX do that OKX cannot?: FTX covers Futures Trading, Options, Leveraged Tokens, FTT Token. OKX covers Derivatives, DeFi, NFT Marketplace, Web3 Wallet. Both handle Spot Trading, 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.