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FTX vs WorldRemit

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
WorldRemit logo

WorldRemit

Software

Send money online to 150 countries

From
On request
Rated
-
Full reviewWebsite

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; WorldRemit no transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • They diverge on capability: FTX covers Futures Trading, WorldRemit covers International transfers.

Where they differ

Only the attributes on which FTX and WorldRemit actually diverge.

Attributes where FTX and WorldRemit differ
AttributeFTXWorldRemit
Starting priceFreeOn request
Pricing modelfreemiumtransaction
Free tierYesNo
Founded20192010

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

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

Only in WorldRemit

  • International transfers
  • Multiple delivery methods
  • Send to 150+ countries
  • Cash pickup option
  • Bank accounts
  • Cards
  • IOS support

Both cover

  • Web support
  • Android support

What people use each for

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

FTX

  • Exchangesnot WorldRemit
  • Derivativesnot WorldRemit
  • Tradingnot WorldRemit

WorldRemit

  • Sending remittances from developed markets to 130 or more receiving countriesnot FTX
  • Paying out to mobile money, cash pickup and bank accounts abroadnot 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

WorldRemit

  • No transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • The amount that can be sent depends on the destination country and receive method rather than a single published cap

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

WorldRemit

On request
  • Standard Transfer$undefined/month
    • Multiple payment methods
    • Competitive rates
  • Express Transfer$undefined/month
    • Faster delivery
    • Higher costs

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 WorldRemit if

  • You need international transfers.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
WorldRemit review

Questions people ask

Is FTX or WorldRemit better?
Neither clearly leads. FTX starts at Free and WorldRemit at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or WorldRemit?
FTX has a free tier; the other does not. Paid plans start at Free for FTX and On request for WorldRemit.
Does FTX or WorldRemit run on more platforms?
FTX runs on Web, Ios, Android. WorldRemit runs on Web, IOS, Android.
Can I use FTX for free?
Yes. FTX has a free tier, so you can try it without paying. WorldRemit 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 WorldRemit is typically brought in for.
What can FTX do that WorldRemit cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. WorldRemit covers International transfers, Multiple delivery methods, Send to 150+ countries, Cash pickup option. Both handle Web 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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