Coinbase vs. FTX.US: 2022 Comparison

Coinbase has features that may be better for beginners, while FTX.US offers more advanced products, such as crypto futures.
Mar 1, 2022

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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
NerdWallet rating 

on Coinbase's website

Coinbase is best for:

  • Cryptocurrency traders looking for convenience.

  • Traders who want to easily convert one cryptocurrency to another.

Coinbase at a glance

Minimum trade

$2.

Trading and transaction fees

0.5% to 4.5% depending on payment method, cryptocurrency type, transaction size and platform. Other fees may apply.

Number of cryptocurrencies

More than 150

Crypto-to-crypto trading pairs

More than 450.

Website transparency

Important information, including investment minimums, supported assets and how to close the account, can be easily found on the website.

Can use your own digital wallet?

Yes.

Mobile app

Two highly rated apps for iOS and Android.

Customer service

Phone, email and chat.

FTX.US is best for:

  • Advanced traders.

  • Frequent withdrawals.

  • Trading with fiat currencies.

FTX.US at a glance

Minimum trade

.0001 BTC.

Trading and transaction fees

Trading fee for spot purchases is up to 0.4%.

Number of cryptocurrencies

24.

Crypto-to-crypto trading pairs

27.

Website transparency

Some information on the FTX.US website can be difficult to find.

Can use your own digital wallet?

Yes.

Mobile app

FTX.US's app is available on iOS and Android, with an average rating of 4.1 stars.

Customer service

FTX.US encourages users to use support tickets to ask for help.

Want to compare more platforms? View our list of the best crypto platforms and apps.

Methodology

How do we review cryptocurrency platforms?

NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

For more details about the categories considered when rating brokers and our process, read our full methodology.

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