FTX VS Crypto.com :
Today, the cryptocurrency industry is worth trillions of dollars and the number of tokens is increasing day by day. When buying and selling cryptocurrencies, we need an exchange. Cryptocurrencies Indeed, money attracts thieves and thieves. The same goes for cryptocurrency exchanges, there are more than 500 cryptocurrency exchanges on coinmarketcap. Most of them are designed to deceive and steal users’ assets.
But there are some of the best cryptocurrency exchanges trusted and used by millions of users. FTX and Crypto.com are one of them. Both exchanges are in the top 20 on coinmarketcap’s list of top exchanges. Both offer the best features and security an exchange should have.
But back to the main question. If both are better, which one should you use? Which is more secure? Which one has less commission, etc.
No worries, after years of use and months of searching. We found the pros and cons of both exchanges. This includes the security of the exchange. Available currencies, fees, user interface or ease of use. Availability and reputation
After reading this article, you will be able to choose what is right for you. And you will also know which conditions should be used for both cases.
FTX VS Crypto.com: Exchange Security
Both exchanges are safe and offer the highest level of security. Both collect payments offline in cold storage and offer security features such as:
- Password Strength and 2FA Requirement
- 2FA for Withdrawals & Withdrawal Passwords
- Withdrawal Lock After 2FA Removal or Password Change
- Whitelisting IP’s
FTX – is one of the safest cryptocurrency exchanges used by millions of users. Since its launch in 2019, it has never been hacked or lost money due to technical issues. It is known as the safest cryptocurrency exchange in the world.
Crypto.com – The world’s first to have security categories ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2013 and PCI-DSS v3.2.1 Level 1 as an exchange cryptocurrency, but still hacked Invasion in recent years. In the past, crypto.com has admitted that $35 million of user wallets have been hacked. Fortunately, the exchange returned the property to the hacked user.
According to the CoinGecko Exchange Trust Score, FTX is ranked 6th and Crypto.com is ranked 12th.
In the security comparison between FTX and Crypto.com, FTX is the clear winner.
Available Coins For Trading
Both exchanges list hundreds of tokens on the platform. This means that you will have a wide variety of assets to trade. Includes popular coins from different categories like Metaverse, Plays to Earn, Run to Earn and more. Exchange popular currencies and base currencies.
FTX – Currently, the number of FTX tokens listed is 327, including all mainstream currencies such as BTC, ETH, and BNB, as well as all currencies of popular categories such as Metaverse, NFT, and Web3.
Crypto.com – Also major coins and coins in popular categories. The number of coins listed on the crypto.com exchange is 230, which is lower than FTX due to its focus on beginners. Crypto.com lists the coins with the highest market capitalization, mostly popular with the community.
In comparison, the availability of FTX coins is the winner.
Also Read : How to buy Shiba inu Coinspot
The most important thing to consider when opening a new account on a new exchange is the fees. Most cryptocurrency exchanges do not mention the fee structure and charge hidden fees. But that’s not the case for FTX and Crypto.com, who talk to users about fees. and no hidden fees.
Here is the fee structure of both exchanges:
You can also reduce fees by keeping the traditional FTX’x currency called FTT. The fee for holding FTT coins is as follows.
After seeing the rates, we can clearly say that FTX is the winner again.