Coinbase vs. FTX: BEST Crypto Exchange Showdown!! π₯
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– TIMESTAMPS –
0:00β Intro
2:00 Who are FTX & Coinbase Pro?
6:06 Security
10:55 Supported Countries
12:48 Funding Methods & Deposit Fees
14:47 Trading Fees
16:55 Trading Platforms
19:04 Customer Support
20:14 Other Features
22:50 Final Thoughts
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πΊ Recommended Vids πΊ
βΊ Complete walkthrough to Opensea: https://www.youtube.com/watch?v=1LnN5rfiVYU
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βοΈ π Useful Links π βοΈ
βΊ FTX funding: https://www.ft.com/content/a3a90a4f-54e4-4b4f-b1df-2d9d8ca7712d
βΊ Coinbase has no HQ: https://blog.coinbase.com/coinbase-is-a-decentralized-company-with-no-headquarters-a9762c02546
βΊ Coinbase licenses: https://www.coinbase.com/legal/licenses
βΊ Coinbase regulated by FCA: https://help.coinbase.com/en/coinbase/privacy-and-security/other/coinbase-regulatory-compliance
βΊ Coinbase hack: https://www.reuters.com/business/finance/coinbase-says-hackers-stole-cryptocurrency-least-6000-customers-2021-10-01/
βΊ Rarity of Coinbase hacks: https://uk.finance.yahoo.com/news/coinbase-hacked-accounts-get-no-justice-from-horrible-us-laws-fintech-lawyer-113520348.html
βΊ FTX security features: https://help.ftx.com/hc/en-us/articles/360044838051-FTX-Security-Features-#h_64f31960-62c3-4eff-8335-3ada4f3268c7
βΊ Coinbase accepted countries: https://www.coinbase.com/places
βΊ Coinbase supported cryptos: https://help.coinbase.com/en/coinbase/supported-crypto
βΊ FTX accepted countries: https://help.ftx.com/hc/en-us/articles/360042412652-Location-Restrictions-
βΊ Coinbase Pro fees: https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees
βΊ FTX fees: https://help.ftx.com/hc/en-us/articles/360024479432-Fees
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β Who are FTX & Coinbase Pro? β
FTX was founded in 2017 and is headquartered in Hong Kong. This year they completed one of the biggest funding rounds ever for a crypto company. How have those funds been spent? Well, 100βs of millions have gone on high profile sponsorship deals. That marketing blitz has been FTX rise to the fourth biggest crypto exchange out there.
Coinbase has been around since 2012 – an eternity in crypto. Earlier this year they listed on the US stock market. That could be important for those that put stock in that sort of thing.
But where is Coinbase based? Well, they claim to be decentralized now, having moved to remote working over the last year or so. Also, Coinbase holds a ton of different licenses – key for those that like that regulatory compliance.
π Security π
Earlier this year, Coinbase had a hack that impacted upon 6,000 users. All users did have their funds reimbursed however which is worth noting.
FTX honestly has some of the best account security features I have ever seen for a crypto exchange account. Be sure to watch my vid to learn more.
π Supported Countries π
For those in the US, Coinbase supports every state except Hawaii. Outside of the US, over 100 countries are accepted. Also, over 100 coins and tokens are supported.
FTX, on the other hand, has a restricted country model. That includes most of the regular suspects on international naughty lists. Those from the US will have to use FTXβs dedicated US exchange.
π³ Funding Methods & Deposit Fees π³
Coinbase offers deposit methods according to the country in which you reside. This includes Bank, PayPal and debit cards. However, youβll pay nearly 4% to deposit with a card.
FTX offers bank deposits only. But they support a plethora of different currencies. So, many of you will avoid exchange rate fees.
π Trading Fees π
At Coinbase Pro youβll start by paying 0.5% on maker and taker fees. Thatβs over 7 times more expensive than FTX who charge just .02% in maker fees and 0.07% in taker fees.
Further trading discounts are available on FTX by holding FTT tokens.
π Trading Platforms π
Watch my vid to learn about the ins and outs of these two trading platforms.
π§ Customer Support π§
Both exchanges offer email tocked support. However, you can also reach out to FTX on a host of social platforms.
π€ Other Features π€
Watch my vid to get the lowdown on this!
π Disclaimer π
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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