Post
Topic
Board Trading Discussion
Re: FTX or Binance?
by
teosanru
on 07/11/2021, 19:37:30 UTC
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.

But I have to be honest, I MUCH prefer the Binance trading terminal layout, especially for margin trading. I have yet to do any margin trading on FTX, but it looks like you have to open an entirely new window to see your liquidation price. And what about the Repay feature? How does it work with FTX, do they just automatically repay when the trade hits your Take Profit?
In the recent crash scenarios, Binance has so many times proven to be very shady, one shady thing that they do is the instant crashing of Binance terminal whenever the market crashes, the second shady thing is how Price always dumps more on Binance than it does on any other exchange which means unnecessarily liquidation points of many people get hit despite overall market not even going into that area. I think FTX is a better exchange overall and will become very popular in the future, the only problem currently they have is less number of listed markets and secondly slightly lesser liquidity than Binance, with the aggressive marketing strategies they will soon become the number 1 exchange.