Coinbase and FTX.US provide applications that allow U.S. customers to buy and sell cryptocurrencies. While their fees vary, FTX.US ranks slightly higher in NerdWallet’s reviews of the two companies’ trading and transaction fees.
Coinbase, on the other hand, has a more extensive selection of cryptocurrencies and significantly more crypto-to-crypto trading pairs. FTX.US provides users with several options for trading between cryptos and various national currencies such as the U.S. dollar, the euro and the Australian dollar. Coinbase also has staking and rewards programs, providing passive income to those holding crypto on its platforms.
FTX offers more advanced options, such as margin trading, as part of its core offering. Coinbase places some of these options on its Coinbase Pro platform.
Notably, Coinbase is owned by a U.S. company, while FTX.US is part of a company based in the Bahamas. Not all services offered by FTX.US’ parent company will be available in the U.S., so review their product carefully before you decide.
Coinbase is best for:
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Cryptocurrency traders looking for convenience.
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Traders who want to easily convert one cryptocurrency to another.
Coinbase at a glance
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Minimum trade |
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Trading and transaction fees |
0.5% to 4.5% depending on payment method, cryptocurrency type, transaction size and platform. Other fees may apply. |
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Number of cryptocurrencies |
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Crypto-to-crypto trading pairs |
81 pairs with Coinbase Pro. |
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Website transparency |
Important information, including investment minimums, supported assets and how to close the account, can be easily found on the website. |
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Can use your own digital wallet? |
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Mobile app |
Two highly rated apps for iOS and Android. |
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Customer service |
Just email support. Emergency phone number provided to disable your account, plus an option to request to speak to a live agent. |
FTX.US is best for:
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Advanced traders.
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Frequent withdrawals.
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Trading with fiat currencies.
FTX.US at a glance
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Minimum trade |
.0001 BTC. |
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Trading and transaction fees |
Trading fee for spot purchases is up to 0.4%. |
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Number of cryptocurrencies |
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Crypto-to-crypto trading pairs |
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Website transparency |
Some information on the FTX.US website can be difficult to find. |
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Can use your own digital wallet? |
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Mobile app |
FTX.US’s app is available on iOS and Android, with an average rating of 4.1 stars. |
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Customer service |
FTX.US encourages users to use support tickets to ask for help. |
This post was originally published on Nerd Wallet
