Cryptocurrency Q&A
Is FTX better than Binance?
Is FTX better than Binance?
ZenHarmony
Tue May 07 2024
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6 answers
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I'm quite curious about the crypto exchange market, and I've heard a lot about FTX and Binance. As a professional in this field, I'd like to ask your opinion: Is FTX better than Binance? What are the key differences between the two platforms? Are there any specific features or services that make one stand out from the other? I'm interested in knowing your thoughts on this matter.
6 answers
Sara
Thu May 09 2024
On the other hand, market takers on FTX are taxed at 0.07% per transaction. Market takers are traders who execute orders placed by market makers, thus consuming the liquidity.
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HanRiverWave
Thu May 09 2024
These fees represent the starting rates for both market makers and takers on FTX. They are significantly lower compared to the fees charged by other exchanges.
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Maria
Thu May 09 2024
In contrast, Binance charges a starting fee of 0.1% for both market makers and takers. This fee is higher than the fees charged by FTX, making it less attractive for traders seeking cost-effective trading options.
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Martino
Thu May 09 2024
When comparing the fees charged by FTX and Binance, it becomes evident that there are significant differences.
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Martina
Thu May 09 2024
Specifically, market makers on FTX are required to pay a fee of 0.02% per transaction. This applies to transactions where they create liquidity by placing orders that other traders can match.
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