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Cryptocurrency & Blockchain · head to head

PancakeSwap vs FTX

PancakeSwap logo

PancakeSwap

Cryptocurrency & Blockchain

The most popular DEX on BNB Chain

From
Free
Rated
-
Full reviewWebsite
F

FTX

Cryptocurrency & Blockchain

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: PancakeSwap no custody of user funds, users must manage wallet security; FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • They diverge on capability: PancakeSwap covers Token Swaps, FTX covers Futures Trading.

Where they differ

Only the attributes on which PancakeSwap and FTX actually diverge.

Attributes where PancakeSwap and FTX differ
AttributePancakeSwapFTX
Pricing modelfreefreemium
PlatformsWebWeb, Ios, Android
Founded20202019

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Cryptocurrency & Blockchain).

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 PancakeSwap

  • Token Swaps
  • Yield Farming
  • Syrup Pools
  • Lottery
  • NFT Marketplace
  • CAKE Token
  • BNB Chain

Only in FTX

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

Both cover

  • Web support

What people use each for

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

PancakeSwap

  • Definot FTX
  • Dexnot FTX
  • Bnb Chainnot FTX

FTX

  • Exchangesnot PancakeSwap
  • Derivativesnot PancakeSwap
  • Tradingnot PancakeSwap

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

PancakeSwap

  • No custody of user funds, users must manage wallet security
  • Decentralized governance means limited recourse for issues
  • Subject to cryptocurrency market volatility and regulatory uncertainty

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

Pricing, plan by plan

PancakeSwap

Free
  • FreeFree
    • Token swaps
    • Farming
    • Lottery

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Which should you pick?

Choose PancakeSwap if

  • You need token swaps.
  • You want to start without paying.
  • You also want yield farming.
PancakeSwap review

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

Questions people ask

Is PancakeSwap or FTX better?
Neither clearly leads. PancakeSwap starts at Free and FTX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, PancakeSwap or FTX?
PancakeSwap starts at Free and FTX at Free.
Does PancakeSwap or FTX run on more platforms?
PancakeSwap runs on Web. FTX runs on Web, Ios, Android.
Can I use PancakeSwap for free?
Both have a free tier, so you can try either at no cost before committing.
What is PancakeSwap best used for?
PancakeSwap is most often used for defi, dex, bnb chain. Of those, defi and dex are not what FTX is typically brought in for.
What can PancakeSwap do that FTX cannot?
PancakeSwap covers Token Swaps, Yield Farming, Syrup Pools, Lottery. FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Both handle Web support.

Answered from the vendors’ own pages

PancakeSwap: What blockchain does PancakeSwap use?

PancakeSwap was launched in September 2020 on the Binance Smart Chain (BSC). The platform also integrated trading services with BNB Chain, Base, and Arbitrum One to expand beyond its original network.

Source
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
PancakeSwap: What wallets does PancakeSwap support?

PancakeSwap supports several wallet options including MetaMask, Trust Wallet, WalletConnect, and Binance Chain Wallet.

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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