What are the differences between FTX and Coinbase in terms of digital currency trading?

3 answers

• May 24, 2022 · 3 years ago
  FTX and Coinbase are two popular cryptocurrency exchanges, but they differ in several ways. FTX is known for its wide range of trading options, including futures, options, and leveraged tokens. On the other hand, Coinbase primarily focuses on spot trading, allowing users to buy and sell cryptocurrencies directly. While FTX offers a more diverse set of trading instruments, Coinbase is often considered more beginner-friendly and easier to use. Both platforms have their strengths and cater to different types of traders.
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• May 24, 2022 · 3 years ago
  When it comes to fees, FTX and Coinbase have different fee structures. FTX charges a maker and taker fee, which varies based on the trading volume. Coinbase, on the other hand, has a simpler fee structure with a percentage-based fee depending on the transaction amount. It's important to compare the fee structures of both platforms to determine which one aligns better with your trading strategy and volume.
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• May 24, 2022 · 3 years ago
  As for security, both FTX and Coinbase prioritize the safety of user funds. Coinbase is known for its strong security measures, including cold storage and insurance coverage for digital assets. FTX also implements robust security protocols and offers features like two-factor authentication. It's always recommended to enable additional security measures, such as using hardware wallets, to further protect your funds regardless of the platform you choose.
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