Software · head to head
Phantom vs FTX
The short version
- They diverge on capability: Phantom covers Wallet, FTX covers Futures Trading.
Where they differ
Only the attributes on which Phantom and FTX actually diverge.
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 Phantom
- Wallet
- NFT Gallery
- Token Swaps
- Staking
- dApp Browser
- Solana
- Ethereum
- Polygon
Only in FTX
- Futures Trading
- Options
- Leveraged Tokens
- Spot Trading
- FTT Token
- Serum DEX
- Web support
Both cover
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Phantom
- Walletsnot FTX
- Solananot FTX
- Nftnot FTX
FTX
- Exchangesnot Phantom
- Derivativesnot Phantom
- Tradingnot Phantom
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Phantom
Nothing recorded yet. See the Phantom review.
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
Phantom
Free- FreeFree
- Multi-chain wallet
- NFT gallery
- Swaps
FTX
Free- StandardFree
- Spot trading
- Futures
- Options
Which should you pick?
Choose Phantom if
- You need wallet.
- You want to start without paying.
- You work on Chrome, Firefox, Ios, Android.
- You also want nft gallery.
Choose FTX if
- You need futures trading.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want options.
Questions people ask
- Is Phantom or FTX better?
- Neither clearly leads. Phantom 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, Phantom or FTX?
- Phantom starts at Free and FTX at Free.
- Does Phantom or FTX run on more platforms?
- Phantom runs on Chrome, Firefox, Ios, Android. FTX runs on Web, Ios, Android.
- Can I use Phantom for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Phantom best used for?
- Phantom is most often used for wallets, solana, nft. Of those, wallets and solana are not what FTX is typically brought in for.
- What can Phantom do that FTX cannot?
- Phantom covers Wallet, NFT Gallery, Token Swaps, Staking. FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Both handle 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.
SourceFTX: 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