Can you believe that Bitcoin is back above its all-time high?!
It’s amazing how resilient this asset is. A little over 5 months ago all the no-coiners were out in the droves celebrating its precipitous fall from 64k.
Today however, we have the last laugh. Prices are back above 66k and the ETF instruments are being traded as the hottest asset on the street 🔥
That’s not to say it won’t still be a rocky ride. There are still many risks that lurk in the crypto waters. But it’s important to sometimes take a step back and see how far we have come.
The journey has still only begun! And work goes on…
Speaking of which, I have a new video for you guys!
This is actually a showdown by two of the top exchanges currently on the market. I am talking about Coinbase & FTX. Both of these exchanges have been in the press quite a bit recently and for different reasons.
My comparison video today takes you through both with in-depth reviews. I compare their pros and cons and break down their trading features and functionality. I also have a few of my personal hints and tips that could help you make the most of your trading there.
❓ Who are FTX & Coinbase Pro? ❓
FTX was founded in 2017 and is headquartered in Hong Kong. This year they completed one of the biggest funding rounds ever for a crypto company. How have those funds been spent? Well, 100’s of millions have gone on high profile sponsorship deals. That marketing blitz has seen FTX rise to the fourth biggest crypto exchange out there. Coinbase has been around since 2012 – an eternity in crypto. Earlier this year they listed on the US stock market. That could be important for those that put stock in that sort of thing. But where is Coinbase based? Well, they claim to be decentralized now, having moved to remote working over the last year or so. Also, Coinbase holds a ton of different licenses – key for those that like that regulatory compliance.
🔒 Security 🔒
Earlier this year, Coinbase had a hack that impacted upon 6,000 users. All users did have their funds reimbursed however which is worth noting. FTX honestly has some of the best account security features I have ever seen for a crypto exchange account. Be sure to watch my vid to learn more.
🌍 Supported Countries 🌍
For those in the US, Coinbase supports every state except Hawaii. Outside of the US, over 100 countries are accepted. Also, over 100 coins and tokens are supported. FTX, on the other hand, has a restricted country model. That includes most of the regular suspects on international naughty lists. Those from the US will have to use FTX’s dedicated US exchange.
💳 Funding Methods & Deposit Fees 💳
Coinbase offers deposit methods according to the country in which you reside. This includes Bank, PayPal and debit cards. However, you’ll pay nearly 4% to deposit with a card. FTX offers bank deposits only. But they support a plethora of different currencies. So, many of you will avoid exchange rate fees.
📈 Trading Fees 📈
At Coinbase Pro you’ll start by paying 0.5% on maker and taker fees. That’s over 7 times more expensive than FTX who charge just .02% in maker fees and 0.07% in taker fees. Further trading discounts are available on FTX by holding FTT tokens.
📊 Trading Platforms 📊
Watch my vid to learn about the ins and outs of these two trading platforms.
🎧 Customer Support 🎧
Both exchanges offer email based support. However, you can also reach out to FTX on a host of social platforms.
🤔 Other Features 🤔
Watch my vid to get the lowdown on this!
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.