FTX or Binance?

[TelolettOm]

I exacrly prefer to Binance because so far, I use Binance, never FTX. Binance is the top exchange with many features and programs. They also prpvide some types of trading, launchapd or launchpool, and some others.
Binance also has super friendly display even for newbies, easy to use and learn, fast, and also reputable.
But, I heard that FTX offer lower fees. Is it right?

[Farma]

I've used both, and currently only Binance I still use as a trading platform.
however, I think people will prefer Binance over FTX. even when you have an inkling, or even something else about the advantages of FTX, but the truth is that binance has always been the top trading platform in the crypto world. this is not just my speculation, but judging by its development, binance is slowly mastering some important things in the cryptocurrency world.

[pgbit]

Binance is the best exchange because Binance is an old exchange, so they have a robust security system and low trading fees, while Ftx is a fairly new exchange, but I'm sure in the future Ftx will overtake Binance.

[aquafinewater]

Both exchange are best but I prefer binance exchange is best binance have full security system and also low trading fee so too much people like this we can put or exit any order within seconds on binance  FTx is also best  but now some feature not good in FTx

[otundebis]

Binance is still preferable to me in terms of trading layout, accessibility and diverse options to choose from. I know ftx is big on supporting Sol ecosystem and binance on the other hand supports bnb. In terms of security, binance is secure. I haven't heard any complain about ftx but the risk is  there if you use cex! I like cex experience in this regard and they is why I will choose binance over ftx!

[Jawhead999]

But, I heard that FTX offer lower fees. Is it right?

Right and KYC is mandatory right now.

Both exchange are best but I prefer binance exchange is best binance have full security system and also low trading fee so too much people like this we can put or exit any order within seconds on binance  FTx is also best  but now some feature not good in FTx

Binance is the best exchange because Binance is an old exchange, so they have a robust security system and low trading fees, while Ftx is a fairly new exchange, but I'm sure in the future Ftx will overtake Binance.

Wrong, FTX offer lower fees compared to Binance. It looks doesn't that much, but if you're a trader such difference is worth to gain more profit.

                            Binance   FTX
Supported Cryptos      368   120
Exchange Fees
Taker Fee                  0.10%   0.07%
Maker Fee                 0.10%   0.02%
Withdrawal Fee         0.0005   0.000051

In terms of security, binance is secure.

You may need to read this thread Hacked Exchanges since 2011 and search "Binance" you'll find they ever got hacked before. It doesn't mean FTX is very secure since there's no hacked history, but it will happen once in the future. That's the risk of CEX.

[crwth]

Between the two, I would prefer to use both of them. They are two great exchanges, and they have so much to offer for the users. If you had to split your investments in cryptocurrency, I think these are the two exchanges to choose from, and that's something to say because they are something, and they are at the top.

What I like about FTX is the charity movement, and I think I have seen it first there than Binance. I guess they just followed or something. Another thing to like in FTX is the stocks feature where they have these different stocks, and you can buy it, but it's tokenized. At least you still have the opportunity of owning it.

[checkmatesir]

Binance is as good as you think for margin trading, as I'm doing trading on binance for a long which is better to use and easy for getting profit, I must say that margin trading may also give you profit, If I talked about FTX then,  I have not that much knowledge about the FTX but I had mostly hear great about the binance.

[ene1980]

So I've migrated to FTX basically because my impression is that the counterparty risk is considerably less... ie SBF seems less sketchy than CZ. Not sure if my instincts are right about this, but I am willing to hear any opinions about the matter.

I do accept the fact that CZ is one of the shady characters in the cryptocurrency space and he has a lot of power as he created a monopoly, literally purchasing everything. When it comes to use case, i am yet to use FTX but after reading all the comments here regarding their much lower fees than Binance, i will use them and then make my comment on its user interface.

[cryptoaddictchie]

Now, fee on BSC is becoming to be expensive and Binance have yet resolved it. Will they be able to resolve it or fail like Ethereum? And it will be time for younger chains to show off, like Solana and FTX exchange?

I've been always bias regarding Binance since I used that for a long time up to now. But based on the side comments here, maybe I should open up on trying out FTX, been hearing a lot about the good interface and some crazy feature FTX brings. But of course I can't compare the two unless Ive used ftx already. Seems FTX are eyeing to be the next binance after all.

[lepbagong]

Binance is the best exchange because Binance is an old exchange, so they have a robust security system and low trading fees, while Ftx is a fairly new exchange, but I'm sure in the future Ftx will overtake Binance.

The competition will be increasingly diverse day by day because of the growth of exchanges that will enliven crypto and of course this is good news because it will make it easier to find alternatives in the event of something unavoidable, such as costs that may become expensive with the growing price of the coin that supports it.

but it seems ftx still needs to provide innovations that many convenience lovers can accept as a reliable exchange. but for now binance is still the best and will probably be hard to compete in the next few years. will it happen in the future? must first be shown the performance to be made.

[Tigerheart3026]

Both exchange are best but I prefer binance exchange is best binance have full security system and also low trading fee so too much people like this we can put or exit any order within seconds on binance  FTx is also best  but now some feature not good in FTx

i think you have not used ftx exchange yet, both of exchange great btw comparatively low fees in ftx.
i am crazy fan of use binance btw i did not agree to pay high withdrawal fee in eth, so that i feel need to use ftx.

[Woodie]

I will side with a product that has a high reputation in the crypto circles and still holds the largest user base compared to all exchanges( centralized exchanges maybe ) , and btw I haven't used FTX before so its just fair I side with an exchange I have used before, sorry FTX loyalty is the name of the game.

By the way is FTX any good since its being compared with one of the biggest centralized exchanges around otherwise I honestly see this to be an easy win for Binance as not many people know or use FtX imo.

[ningrum]

every exchange has some bad things and some good things, but for Binance and FTX,
I think these two exchanges are the best besides Coinbase, I myself still use Binance as my main exchange,
and play on other exchanges too, like FTX, Hotbit, even Huobi. keep calm and make sure your wallet is safe

[Mamun74]

FTX and Binance both are best exchange. But currently most popular exchange is Binance exchange.For me,I'm usually use Binance exchange than others exchange. Binance exchange for newbies they can easy to use this exchange. A lot of people still use Binance exchange coz Binance is still Performancable exchange.