Crypto

Coinbase Vs FTX – Which Is Better?

Coinbase Vs FTX – Which Is Better? This article will compare Coinbase vs FTX, two popular centralized cryptocurrency exchanges. This will help you determine which one suits your needs better. This comparison will cover the features and drawbacks of each exchange, including their maker fee schedule and fiat support. In addition, you’ll find out which one has better customer support. Let’s get started! Read on! Coinbase vs FTX: Which Is Better?

Coinbase Vs FTX - Which Is Better?

FTX is a centralized cryptocurrency exchange

FTX is a centralized cryptocurrency marketplace that supports over 300 cryptocurrencies. Its cutting-edge products include derivatives, options, and leveraged tokens. Users can buy and sell futures, fiat currency, and leveraged tokens. The company’s value has grown to more than $28 billion, making it a great investment option for many investors. But what makes FTX different?

One of the main differences between FTX and other cryptocurrency exchanges is the amount of customer support FTX offers. Users can contact FTX customer support through email or live chat. There is no estimated time for a response, but you can reach them via social media. FTX has dedicated Telegram and WeChat groups for their users. There is a comprehensive library of FAQs available to answer any questions you may have.

It has a maker fee schedule

In the world of cryptocurrency trading, makers and takers are two sides of the same coin. Makers place limit orders while takers fill orders from the order book. Each side is rewarded with a percentage of the trade. Makers are rewarded with rebates. But, if you’re thinking that takers should pay more fees, think again. Makers can now receive rebates for their orders as well.

It lacks fiat support

A fiat currency lacks any physical backing and thereby has no intrinsic value. It is backed solely by the government and the faith of its holders. It functions as a storage medium for purchasing power, and is an alternative to the barter system. It is used by people to buy goods and services, make plans, and perform specialized economic activities. For example, if a mobile phone assembly company issues paper money, it can purchase new machinery, hire new employees, and expand its operations to other regions.

Coinbase Vs FTX - Which Is Better?

It has a better customer support

While FTX offers a decent library of articles and a social media presence, it falls short on customer service. Customers must submit support tickets in order to get a response. FTX does not have live chat support or 24 hour phone support, but it does have an extensive FAQ section. Customers can also contact the company via a Telegram channel. Customer support is not available 24 hours a day, but it is better than nothing.

While both FTX and Coinbase have solid email support, their support times are terrible. It is not uncommon to have to wait days or even weeks for a response. FTX does have a better reputation among users because of its social media presence. However, this may be a symptom of Coinbase’s popularity, which could be a good thing. There are some important differences between the two platforms.

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