FTX VS Crypto.com || Which One Is The Best For You?
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FTX VS Crypto.com || Which One Is The Best For You?
Friends, currently, the value of the crypto industry is more than a trillion dollars, and the number of coins is increasing day by day. To buy and sell cryptocurrency, we need crypto exchanges. Friends, it is a fact that money attracts fraudsters and thieves. Friends, the same is the case with crypto exchanges. There are more than 500 crypto exchanges listed on Coinmarketcap. Most of them are made only to scam and steal the assets of the users.
Friends but there are some best crypto exchanges that are trustworthy and used by millions of users, friends FTX and Crypto.com are one of them. Friends, the exchange ranks in the top 20 on Coinmarketcap’s list of the best exchanges. Friends both offer some of the best features and security that an exchange should provide.
Friends but the main question come which of the two is best then which one should you use, which one is more secure, which one is less fee etc.
No worries guys, after using them for many years and researching for months, we have figured out the pros and cons of both exchanges. This includes their exchange security, available coins, fees, UI or ease of use, availability, and reputation.
Friends, after reading this post, you will be able to choose the right one for you and at the same time, you will also know in which condition you should use these two.
FTX VS Crypto.com: Exchange Security
Friends, both exchanges are secure and offer the highest level of security. Friends both store funds offline in cold storage and provide security features like:
- Password Strength and 2FA Requirement
- 2FA for Withdrawals & Withdrawal Passwords
- Withdrawal Lock After 2FA Removal or Password Change
- Whitelisting IP’s
FTX: Guys this is one of the most secure crypto exchanges which is used by millions of users. Friends, since its launch in 2019, it has never faced any hacking or fund loss due to technical issues. Friends, it is also known as the safest crypto exchange in the world.
Crypto.com: Guys this is the world’s first crypto exchange with ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2013, and PCI-DSS v3.2.1 level 1 type security, guys but it still Hacked in recent years. A few months ago, Crypto.com admitted to hacking $35 million from users’ wallets. Guys hope the exchange returned the assets to the hacked users.
Friends, according to the CoinGecko Exchange Trust Score, FTX is ranked 6th and Crypto.com is 12th.
In the security comparison of friends FTX and Crypto.com, FTX is the clear winner.
Available Coins For Trading
Friends, both exchanges have hundreds of coins listed on their platforms, which means you will find a wide variety of assets to trade. Friends contain popular coins from many categories like Metaverse, Play to Earn, Run to Earn, etc. Both exchanges list popular and fundamental coins.
FTX: Guys Currently, the number of coins listed on FTX is 327. This includes all major coins like BTC, ETH, BNB, and all coins from popular categories like Metaverse, NFT, Web3, etc.
Crypto.com: Guys it has popular categories of coins as well as major coins. The number of coins listed on the crypto.com exchange is 230 which is less than FTX as it mainly focuses on beginners.
Friends Crypto.com mainly lists the coin which has high market capitalization and which is popular in the community.
Compared to the availability of friends’ coins, FTX is the winner.
Fees
Friends, the most important thing you should consider while opening a new account in a new exchange is its fees. Guys most of the crypto exchanges do not mention their fee structure and charge you hidden fees. Guys but it is not the same with FTX and Crypto.com, they refer their fees to the users and there are no hidden fees.
Here is the fees structure of both exchanges:
FTX Fees
Friends, you can also reduce your fees by holding FTX’x native coin which is called FTT. The fee rate after placing an FTT coin is given below.
Crypto.com Fees
Guys after looking at their fee rate, we can clearly say that FTX is the winner again.
Final Word
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