Bitcoin Forum

As we all know that Binance is the biggest exchange of 2021. It is one of the best exchange right now. It has all features that other exchanges lack. I also made good money in crypto because of Binance.
But in my opinion Bug whales also made it big by just promotion. But when BTC touched 64000 Dollars mark, suddenly all countries are taking action against Binance. And that is very sad. Binance is facing some regulatory issues.
But Now people are talking about ftx exchange. They are saying that now it will be the time for ftx exchange casue it is only biggest perpetual exchange. And it could be the next Binance in next bull run where BTC might Cross 100,000 dollars for the first time. So what are your suggestions guys about ftx?

I'm not betting on it, but if there was an exchange to dethrone Binance, it'd be FTX. They just need to seriously fix the kinda-clunky UI. It just looks so out of date. But besides the UI? The exchange is GREAT. Not to mention the free withdrawals outside of BTC/ETH/ERC20s.

FTX with SBF is a good exchange with good marketing and development strategies. They wisely waive withdrawal fee for customers in order to catch new customers to their exchange.

They choose a good blockchain project Solana to be a main investor and integrate Solana into their exchange system, deposit, withdrawal.

About the regulation and FTX, this exchange follow regulations very well and it help them to avoid regulation issues with governments.

The growth of FTX will depend on their own developments and Solana growth in the future. I think FTX and Solana will grow together.

After seeing this thread -> Withdraw and stop using Binance (https://bitcointalk.org/index.php?topic=5360843.0)

I'm thinking about slowly transitioning to FTX. Currently, while browsing the Exchanges subforum, I've come across a number of threads that discuss some of Binance's government issues, which resulted in the shutdown of some of their services^[1], as well as the implementation of a sudden requirement for KYC verification^[2].

And I feel that would be enough reason to make use of better alternative.

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[1] https://bitcointalk.org/index.php?topic=5361180.0
[2] https://bitcointalk.org/index.php?topic=5351432.0

You have just revealed to everyone that bullrun will take place in 2025. Despite all the expectations and shilling about the price of BTC going $100K by December.

FTX token is a high value even when it was first released. I have not used the exchange but because this is a centralized exchange, this will l also be asking for our KYC data. Does the exchange also have plans for FTX smartcontract?

FTX exchange is quite popular among traders, the word is: FTX is the next binance.  I will like to agree with this general opinion about FTX exchange.  The future successful exchange can be easily read by what they do or don't! However,  binance should never be underestimated as CZ is very competitive and innovative!  Binance has made a  lots of millionaires as a result of different product and it's deflationary  and utility token!

Personally, I find FTX much better than Binance, it lives up to their motto "from traders made for traders". while other exchanges charge a high fee for withdrawing ERC tokens, FTX instead only charges a small fee. very likely in the next few years FTX will be able to overtake Binance.

Actually Binance is the biggest crypto marketplace obviously but Fxt can't beat Binance easily.Because Binance exchange is the most popular because of its fastest and secure service.Again Ftx is doing good and it can be an big alternative of Binance but for this they have to provide fastest service.

Binance introduced me to cryptocurrency, and I believe the rest of other traders and investors experienced the same. They are incredibly user-friendly in many ways, including quick support tickets, a straightforward Know Your Customer (KYC) process, and an easy-to-use trading platform.
They do a great job of keeping track of hot projects and prizes for traders, and they frequently update their mobile app and website.

I don't know much about FTX, but it's just too late for Binance to fail, and when it comes to regulation, it's a good thing for everyone, and FTX will not be left out if they receive the same reputation as Binance.

First, Binance and FTX have a partnership. - Strategic Partnership with Binance (https://help.ftx.com/hc/en-us/articles/360038115631-Strategic-Partnership-with-Binance)

For me, it will not matter anymore, I am using both Binance and FTX, depends on what I need. Since there are some advantages to using Binance compare to FTX on other parts and at the same time, there is also a good feature of FTX that Binance doesn't have.

But if ever FTX will be the next Binance, it could be possible especially if FTX will support multiple modes of payments especially for catering to different countries' fiat currency to easily buy cryptocurrency using different fiat currencies.

Speaking of volume, FTX is still far from Binance. But yeah, everything is possible, especially FTX got strong team.

I will say yea because ftx has great system and no issue of regulatory. Binance at this time facing many regulations ,especially when it launches stock token.
Also people disappointed a feature trading with bunance and now most of investor looking to convert their fund into ftx. This cause ftx price to pump from 30$ to 70$. In the future FTX will be best exchange in the world.

It is very likely that it will be the next Binance. I think the momentum of FTX is getting stronger and stronger. There are more and more people using FTX around me.

I don't think so. The biggest problem that Binance predecessors had that cause each of them to be replaced by another exchange (ending with Binance) was their KYC enforcement among other things. Both Binance and FTX are pretty strict when it comes to KYC and I don't see that being able to replace Binance.

I have no doubt that just like previous exchanges Binance will soon be replaced but it will be with an exchange just like Binance meaning without KYC at first that will attract all the volume for a while and grow for a year or two before it starts enforcing KYC just like before and be replaced by a new one.

Been hearing a lot of good things about them. So every time the market is riping and a new exchange becomes popular and thrives to the top such as binance a few years ago will start to become strict with their ruling and implementation of harder compliance for their customers.
If FTX will replace them as the new best exchange and liked by majority of the crypto people then they'll also be ending up with the same fate as binance despite how good binance is as they maintain they position unlike the older top exchanges before like bittrex and poloniex.

"If it's not broken, don't fix it". Indeed, as long as Binance is alive and well, I don't see any good reason for most to ditch it. If indeed it will be shut down, then the equation will change.
But now leaving Binance because of KYC and go to another KYC exchange looks counterproductive.
And the volumnes are still higher and afaik FTX doesn't issue debit cards, so Binance has an edge there too (although I honestly don't know how significant).

I don’t know that why you say that FTX exchange maybe next Binance in next Bull run, we know that Binance is top crypto currency exchange in crypto and maximum people use this exchange for Trading. But it is true that FTX exchange has more popular for their low cost transaction fees, and now it is very helpful exchange for people.               

If authorities continue to put hammer on Binance exchange, theres a chance that its popularity will slowly vanished, FTX is gaining traders attention lately, I don't know whats special in this exchange but I think it will take time to dethrone Binance, if we compare this two exchanges in volume, Binance is no doubt still the no. 1, but who knows this will change once most traders use FTX instead of Binance because of its service restrictions from different countries.

FTX is good to exchange and was only popular when launched due to zero fees of withdrawal and now they are charging fees, Binance is the world's largest exchange and providing every facility to its users and investors and also competing with Ethereum blockchain after launching the BSC chain and BSC chain is successful due to low fees. So I think FTX will not new Binance in the next bull run.

Haven’t recently they acquire Blockfolio as well? That shows how much are they serious on this to be the leading exchange. Recently I have used it few times and it was more or less satisfactory all the times with providing advantage in fee; comparatively better than Binance, IMO. Well, things may not go as you can see now. Binance isn’t going to be replaced by others anytime soon as you know they are looking for being the only manipulator in the market. They have acquired CMC as well so that they can manipulate the most LOL.

Binance is the most favorite and High volume crypto exchange in the world. And they are in this position for long time. They have a big reputation. So if FTX want to overtake Binance can you guess how hard work they should be done? It's really very hard ftx but not impossible as I think. Because recently Binance updated their KYC system. According to last announcement about KYC new user need to pass kyc to access service of Binance. So it's sure A portion of crypto user don't love KYC. So a big portion of user could be turn into FTX if they have not such restriction about KYC. In this case if we think then It could be hard but not impossible.

If binance does not solve its issue sooner, i think FTX will take major portion of its users and trading volume. FTX is quickly emerging as a good exchange and people have already started migrated on it.

Or are they gonna make their own chain too? I wouldn't doubt the possibility since they are huge in the first place and they rock that regulation part. It's just a matter of time but I say FTX will be at top 20 or even top 10 in the market cap, just my wildest guess.

How you sure that FTX exchange will next Binance exchange, and also i can't understand that what is the means of Next Binance. Now Binance exchange Rank is Number One and FTX rank is number Four, then next Binance means it will Number Two rank exchange?             

when there's a new exchange it's normal there are some people talking about it and making comparison, but asking if it will be the next big thing in the future even though we have no enough proof and information how its possible to happen at this point, seems unnecessary in my opinion.  Wherein why not waiting for the right time to give comments if it can really compete between those trusted and high rating exchanges? Because it is to hard to tell to be honest.

If FTX can grow and many traders move to their exchange, it could become a new Binance in the next years. FTX as a new exchange, it is a surprise they can be at number 5, which means they are really serious with their business. But they need to beat Huobi, Coinbase, Crypto.com before they can rise to be number 2 and there is a lot of things that they need to do. We will see how high FTX can be and if they can give more than Binance, they will slowly increase their position.

Its because both of them are been used by many people that's why many think to compare on the service they provide to its users, but actually anything is possible and binance is not immune to anything destructive attempts which can be made by legal authorities and also anyone could compete and beat them, but its just this is a long road to take before we can see FTX overcomes binance and they really need to do a massive marketing campaigns and promotions before we can see that to happen.

so the next bull run will be on the year 2025 ? wew thats too long to wait for four years and its also the time when btc hit 100k ?  but you said the problems arises when btc hit 64k ? wont that happen again when btc reached the same amount or higher than that let say 70k or 80k .
ftx can be better now but it can also be like binance , only good at the start and problems will occur when it becomes bigger .

I honestly didn't think that FTX could charge all its users that low cost until now...

besides that the growth of FTX in the last 2 years has been extraordinary, I even predict that in 2025 FTX will be 3x to 5x more in demand than now and may well become the best exchange in the world.

FTX is turning out to be a good exchange but still its not a good alternative to Binance when it comes to trading volume but still there are chances when more countries starts to restrict Binance from operation in their region. By the way no matter which exchanges is going to be the bigger we are not going to get any benefits from it unless their tokens kick on.

Not quite yet. I don't think there's any exchange CEO that's has the zeal and determination that CZ has. Binance is just 4years old and it has achieve all it currently has under such short timeframe, you think they'll be giving that all up just because of some regulation. Binance is more than an exchange, Binance is an ecosystem. The services they offer alone, if put together all other global exchange, couldn't still match theirs.

Binance will always be in the picture when best exchange are discussed because they're adaptive, the exchange isn't stagnant which was what killed most exchange before Binance came into the picture.  Binance ecosystem is ever improving, accommodating news trends even before they become a heat.

The likes of farming, staking, and now NFT marketplace had been implemented ever before other exchange could think of it. Binance seizes every opportunities they get to retain their customers and attract new customers and so far, their strategy has been the reason behind their success and that isn't stopping anytime soon.