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Cryptocurrency & Blockchain · head to head

FTX vs YNAB

F

FTX

Cryptocurrency & Blockchain

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
YNAB logo

YNAB

Personal Finance

You Need A Budget

From
$14.99/month
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; YNAB subscription priced exclusively in US dollars; international customers face unfavourable exchange rates
  • They diverge on capability: FTX covers Futures Trading, YNAB covers Zero-based budgeting.

Where they differ

Only the attributes on which FTX and YNAB actually diverge.

Attributes where FTX and YNAB differ
AttributeFTXYNAB
Starting priceFree$14.99/month
Pricing modelfreemiumsubscription
Free tierYesNo
CategoryCryptocurrency & BlockchainPersonal Finance
Founded20192004

Identical on both: platforms (Web, Ios, Android), user rating (Not yet rated).

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 YNAB

  • Zero-based budgeting
  • Bank sync
  • Goal tracking
  • Reports
  • Multi-device sync
  • Bank connections
  • Plaid
  • Bank-level encryption

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

  • Exchangesnot YNAB
  • Derivativesnot YNAB
  • Tradingnot YNAB

YNAB

  • Individual budget tracking with 34-day free trial before subscription commitmentnot FTX
  • Household budget management with wife-on-plan sharing for up to 6 household membersnot FTX
  • Manual transaction entry for banks outside the supported import listnot 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

YNAB

  • Subscription priced exclusively in US dollars; international customers face unfavourable exchange rates
  • Multi-currency support restricted to one currency per spending plan
  • Bank import limited to select institutions in US, Canada, UK, and EU only
  • Household plan can only be shared with up to 6 people; additional members cannot access shared plan

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

YNAB

$14.99/month

No published plan breakdown. See the YNAB 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 YNAB if

  • You need zero-based budgeting.
  • You work on Web, iOS, Android.
  • You also want bank sync.
YNAB review

Questions people ask

Is FTX or YNAB better?
Neither clearly leads. FTX starts at Free and YNAB at $14.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or YNAB?
FTX has a free tier; the other does not. Paid plans start at Free for FTX and $14.99/month for YNAB.
Does FTX or YNAB run on more platforms?
FTX runs on Web, Ios, Android. YNAB runs on Web, iOS, Android.
Can I use FTX for free?
Yes. FTX has a free tier, so you can try it without paying. YNAB starts at $14.99/month.
What is FTX best used for?
FTX is most often used for exchanges, derivatives, trading. Of those, exchanges and derivatives are not what YNAB is typically brought in for.
What can FTX do that YNAB cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. YNAB covers Zero-based budgeting, Bank sync, Goal tracking, Reports. 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
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Related pages

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