Find out which crypto exchange is right for you with this side-by-side comparison of FTX vs Crypto.com. We compare fees, features, security, and more to help you make the best decision for your trading needs.
The crypto industry is worth over a trillion dollars right now, with the number of coins increasing every day. Crypto exchanges are necessary to buy and sell cryptocurrency. Money attracts thieves and scammers, it is a known fact. This is also true for crypto exchanges. More than 500 cryptocurrency exchanges are listed on Coinmarketcap. Many of these exchanges are designed to scam users and steal their assets.
There are some trusted crypto exchanges that can be trusted and are used by millions of users. Crypto.com and FTX are two of these. Both exchanges rank among the top 20 on the coinmarketcap list of the best exchanges. Both exchanges offer the highest quality features and security that an exchange can offer.
The main question is which one should you use if they are both best? Which one is more secure, which one has lower fees, etc.
After using them for many years and conducting months of research, we’ve uncovered the pros and cons for both exchanges. This includes their Exchange Security, Available coins, Fees and Ease of Use, Availability and Reputation.
This post will help you to decide which one is right for you.
FTX VS Crypto.com Exchange Security
Both exchanges offer the highest level security and are safe. Both exchanges store funds offline in cold storage. They also provide security features like:
- Password Strength and 2FA Requirement
- 2FA for Withdrawals and Withdrawal Passwords
- After Password Change or 2FA Removal, Withdrawal Lock
- Whitelisting IPs
FTX: This is one of the most trusted crypto exchanges and is used by millions. It was launched in 2019 and has not been compromised by hacking or lost funds. It is also the most secure crypto exchange in the entire world.
Crypto.com: This is the first cryptocurrency exchange to be equipped with ISO 22301:2019 and ISO/IEC 27701;2019, ISO/IEC 27001,2013, and PCI DSS v3.2.1 Level 1. However, it has still been hacked in recent times. Crypto.com revealed that it had been hacked to the tune of $35 million from users’ wallets a few months ago. The exchange has now returned the assets to those who were hacked.
According to CoinGecko’s exchange trust score, FTX ranks in the 6th place and Crypto.com in the 12th.
FTX wins the security comparison with Crypto.com.
Tradeable Coins
There are hundreds of coins on both exchanges, so you can trade more assets. You can trade popular coins from many categories, such as metaverse and Run to Earn. Both exchanges list fundamental and popular coins.
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FTX: At the moment, there are 327 coins on FTX. It includes all major coins such as BTC, ETH and BNB, as well all coins belonging to the popular categories like metaverse, NFTs and Web3.
Crypto.com: This site also lists major coins and coins from other categories. There are 230 coins on the crypto.com exchange, which is lower than FTX because it is primarily focused on beginners. Crypto.com lists only the most popular and high-market coin.
FTX wins the competition in terms of the availability of coins.
Fees
When opening an account on a new crypto exchange, the most important thing to consider is its fees. Many crypto exchanges do not disclose their fees and may charge hidden fees. Crypto.com and FTX are different. They clearly state their fees and charge no hidden fees.
Below is the fee structure for both exchanges.
FTX Trading Fees
Discount for FTT holders
The native currency of FTX, FTT, can be used to reduce fees. Below is the fee rate for holding FTT coins.
Crypto.com Trading Fees
Crypto.com VIP Trading Fees
We can see that FTX has the lowest fee rate and is again the clear winner.
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