Notes

What is better – FTX Exchange or Coinbase?
A comparison between FTX and Coinbase is like to a young boxer taking on a seasoned veteran. FTX is a market concentration with a youthful energy, so it's no wonder that they're on their way to being one of the best on the world. Coinbase is one of the world's oldest and most reputable exchanges, with over 40 million authenticated accounts in over 100 countries. It has been operational for over a decade and is worth $86 billion, enabling it to amass a sizable chunk of the crypto market. The Coinbase team has put a lot of effort into making sure that its platform is safe and secure, with over 210 full-time professionals working around the clock to provide the best possible service to its consumers.
To begin with, although Coinbase only supports roughly 43 coins, FTX's worldwide platform supports over 200 cryptocurrencies. Furthermore, FTX takes a step further by providing money market as well as derivatives trading. We'll compare FTX with Coinbase in this post, looking at how they perform in terms of safety and trust, fees, and user experience.
Overview of FTX
Gary Wang and Sam Bankman-Fried created FTX, a relatively new exchange, in 2018. It supports over 200 digital assets and focuses on becoming more than simply an exchange, as well as an investing platform. FTX has two platforms, one for foreign users and the other for traders in the United States.
Quick Overview of Coinbase
Coinbase has had many years of production to refine its offering, especially for users who are just getting their toes wet in the crypto space. As one of the biggest and leading crypto transactions active today, Coinbase has many years of development to modify its offering, especially for users who are just getting their feet wet in the crypto space. Coinbase's availability in over 100 countries has enabled a big number of people to join up, and the firm has grown to become crypto's first publicly listed corporation.
Signing up with the exchange
Coinbase is accessible in practically every country on the planet. In comparison to FTX, which takes longer to set up, the Coinbase sign-up procedure is quite simple. Before they may deposit or withdraw money, new Coinbase customers must validate their phone number, email address, and bank balance during the registration process.
There is FTX Exchange on Coinbase. To get started, just download the Coinbase mobile app or register on the Coinbase website, and your account will be authorized immediately. You may also get around this by connecting your checking account during the registration process.
Before they could even start trading on FTX, individuals must go through a thorough KYC procedure. While these processes are required to improve overall platform safety and comply with authorities, FTX's method takes a little longer.
Accepted payment methods
When it comes to payment mechanisms, Coinbase and FTX are on par. Wire transfers, PayPal, credit/debit cards, and ACH bank transfers are all supported by Coinbase. FTX also accepts bank and wire transactions, as well as PayPal and ACH bank transfers, but exclusively for users in the United States.

FTX.US charges a fee for each buy and sell order, as well as extra fees for specific deposits and withdrawals.
For all ACH bank transactions, FTX charges a fixed cost of $0.50, which is generally free on most exchanges. There are no costs associated with wire transfers, although there is a 1% facilitation charge. Overall, FTX has a normal tiered fee structure that is based on the user's monthly trading volume as well as the order type. The cost for market makers varies from 0% for strong 30-day trading activity to 0.1 percent for the highest rate. Takers might be charged as much as 0.4 percent or as little as 0.05 percent.
Coinbase, on the other hand, has a complex fee schedule that is determined by payment method, nation of birth, and whether you are a creator or a taker. Instant transfers to a card may incur a charge of up to 1.5 percent.
Security
On both its worldwide exchange platform and its US-based platform, FTX boasts of rigorous security requirements. Before they may trade on FTX, all traders must go through a rigorous KYC procedure. For further protection, two-factor authentication (2FA) is recommended. Furthermore, FTX offers IP and wallet whitelisting, a feature common among leading crypto exchanges. A user may utilize this function to whitelist certain IP addresses, allowing only taken offline IP addresses to withdraw payments from the account. Plaid, a business recognized for providing the safe movement of data between numerous financial institutions, is also used to encrypt FTX bank transactions.
Coinbase, on either hand, goes the extra mile to demonstrate its security measures by claiming that it has never been attacked since its inception in 2012. To safeguard customer cash from intrusions, Coinbase holds 98 percent of its digital assets offline. Coinbase also offers two-factor authentication (2FA), and the Federal Deposit Insurance Corporation insures each account up to $250,000. (FDIC).
User-friendliness
Both exchanges may be fairly user-friendly when it comes to newbie friendliness. Coinbase has earned a reputation for having an easy-to-use user interface that has helped many newcomers gain confidence in trading Bitcoin. What makes Coinbase appealing is how easy it is to open an account and begin purchasing Bitcoin for as low as $25.
FTX, while being a novice in comparison to Coinbase, has already made a name for itself with its user-friendly trading platform. You can easily make buy and sell orders, and the costs aren't as exorbitant as they are on Coinbase, which is ideal for newcomers who want to start with tiny crypto purchases.
Final words
Both Coinbase and FTX offer distinct characteristics that set them apart from other cryptocurrency exchanges. The app-based platform trading option are two of the primary elements that set FTX apart. You may trade sophisticated strategies on the FTX mobile app exactly as you would on a desktop program. Trading is much easier with the app's built-in price ticker, candlesticks chart, and market depth chart.
Coinbase, on the other hand, operates on the same web-based platform as most conventional exchanges. Although it lacks the charts and graphs included in the FTX app, the UI is fairly basic and gives access to all of Coinbase's services.
Read More: https://ftxexchange.livejournal.com/459.html