FTX vs BlockFi

FTX vs BlockFi Comparison Table 2024
FTX BlockFi
0.3
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
BlockFi has closed.

FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity.

BlockFi is a crypto investing and saving platform with additional features including cashback credit cards, ultra-high net worth advisors and crypto lending.

Comment by Reviewer
"We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested."
Pros
  • Lower fees than most other cryptocurrency exchanges, thanks to its tiered system
  • An official mobile app is available on both Android and iOS
  • Built-in automated trading through Quant Zone
  • Ability to stake in the exchange using FTT
Cons
  • Major safety and security concerns - you should not deposit with this firm
  • Limited options for currency withdrawals compared to other exchanges
  • Country restrictions apply to US citizens
  • No demo account available
  • Withdrawal problems
Instruments
Cryptos, Futures, Options Cryptos
Demo Account
No Yes
Minimum Deposit
$1 $0
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
$1 $0
Regulator
SEC
Margin Trading
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. BlockFi supports trading, investing and borrowing of a range of major crypto tokens, including stablecoins.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • SOL
  • FTT
  • USDT
  • MATIC
  • BNB
  • XRP
  • DOGE
  • SRM
  • LINK
  • LTC
  • FTM
  • SUSHI
  • RAY
  • UNI
  • STEP
  • AAVE
  • AGLD
  • BTC
  • ETH
  • LTC
  • LINK
  • USDC
  • GUSD
  • PAX
  • PAXG
  • USDT
  • BUSD
  • DAI
  • UNI
  • BAT
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
Yes Yes
BlockFi has closed.
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