FTX vs Gemini

FTX vs Gemini Comparison Table 2024
FTX Gemini
0.3

FTX is #30 in our crypto broker rankings.

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.
3.8

Gemini is #25 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and continues to provide a secure and reliable trading environment by actively seeking regulatory oversight and complying with the latest industry requirements. Gemini traders can trade and stake 80+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform, ActiveTrader, and additional features including an NFT marketplace.

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." "Gemini’s ActiveTrader platform, transparency and attention to regulatory requirements make it a good choice for serious crypto traders seeking a reliable platform to trade crypto derivatives, though we were disappointed by some unnecessary fees and past financial problems."
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
  • High security with 2FA a requirement for all crypto investors
  • The app has a high-end design and intuitive interface
  • There is a decent range of education, guides and tutorials suitable for beginners
  • Gemini has won various awards in recent years, including the 2019 Markets Choice Awards: Best Cryptocurrency Exchange
  • TradingView integration opens up some great features for Gemini traders
  • Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
  • The exchange has made great efforts to prove their credentials via audits, transparently publishing financial data and obtaining licenses
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
  • High fees for some funding methods including a 3.49% fee for card transactions
  • History of concerning incidents including the collapse of its Earn program and a phishing breach
  • 'Convenience fee' for using mobile app seems arbitrary and makes it inefficient to use this feature
  • Some larger coins by market cap are not available to buy through Gemini
  • There is no practise profile or demo account for prospective traders
Awards
  • Best Cryptocurrency Exchange 2019 - Markets Choice Awards
  • Best Crypto Exchange Overall 2022 - The Ascent
Instruments
Cryptos, Futures, Options Cryptos
Demo Account
No No
Minimum Deposit
$1 $0
Trading Platforms
  • AlgoTrader
  • ActiveTrader
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
$1 0.00001 BTC
Regulator
NYDFS, MAS, FCA
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
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • HKD
  • SGD
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. Gemini offers 90+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin. The powerful ActiveTrader platform is optimized for online trading, and the broker offer perpetual swap derivatives.
Spread
Variable Transaction fee from $0.99
Coins
  • BTC
  • ETH
  • SOL
  • FTT
  • USDT
  • MATIC
  • BNB
  • XRP
  • DOGE
  • SRM
  • LINK
  • LTC
  • FTM
  • SUSHI
  • RAY
  • UNI
  • STEP
  • AAVE
  • AGLD
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • DOT
  • BCH
  • LTC
  • UNI
  • LINK
  • FIL
  • XLM
  • WBTC
  • EOS
  • SOL
  • AAV
  • XTZ
  • ATOM
  • MKR
  • DAI
  • COMP
  • ZEC
  • ENJ
  • GRT
  • SNX
  • BAT
  • MANA
  • YFI
  • UMA
  • ZRX
  • OMG
  • BNT
  • REN
  • CRV
  • 1INCH
  • LRC
  • KNC
  • STORJ
  • GNT
  • SKL
  • SAND
  • BAL
  • NMR
  • KEEP
  • OXT
  • LOOM
  • PAXG
  • BRD
  • CSP
  • TBTC
  • WNXM
  • FXC
  • AMP
  • WTON
  • LUNA
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
Yes No
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