Binance vs Gate.io Which one to use for crypto trading


When it comes to crypto trading, there are many cryptocurrency exchanges available. However, as a trader, you should choose something that has the highest number of tokens available, low transaction fees, and all the trading features you will need. And in this category, Binance and Gate.io are two of the biggest names.

So, if you are confused between these two platforms and wondering which one to choose. So welcome to this Binance vs Gate.io comparison.

In this article, I will draw a comparison between the two exchanges and help you choose the right one.

What is Binance?

Binance is one of the best cryptocurrency exchanges. It is the largest crypto exchange in terms of trading volume.

Binance lets you trade in the spot market and Binance futures is one of the leading crypto futures exchanges based on trading volume for margins and futures. Plus, you get access to a wide range of other features.

On Binance, you can trade more than 150 coins. Moreover, the number of coins is increasing day by day. Some of the popular coins supported by Binance are Bitcoin, Link, Tezos, Cardano, Ethereum, etc.

With Binance, you can’t just trade cryptos. But you can also access Binance Savings and the staking feature. Thus, you can earn interest on your crypto holdings.

Also, the platform is suitable for both beginners and advanced traders, and its trading fees are low.

What is Gate.io?

Just like Binance, Gate.io is also one of the most popular cryptocurrency exchanges. It is even one of the oldest and second largest crypto exchanges, rebranding itself as Gate.io in 2017.

And since then, the company has become one of the fastest growing crypto exchanges with a top initial exchange offering.

Gate.io lets you trade a wide range of cryptocurrencies, and you get features like leveraged margin trading. Besides, it offers other advanced financial services.

However, many users did not like the platform’s trading interface. So if you are a new trader, Gate.io might not be a good place to start.

Binance vs. Gate.io: Trading Fees

When it comes to choosing a trading platform, it’s important to consider trading fees and make sure you’re not paying too much.

Speaking of Binance, it has the lowest trading fees. Plus, you get a 25% discount on trading fees when you pay using BNB, which is Binance’s native coin. If you don’t pay using BNB, there will be a 0.1% trading fee.

Regarding regular trading fees, for trading amount less than 1,000,000 BUSD, maker and taker fees of 0.1000%/0.1000% will occur. If you pay using BNB, then it will be 0.0750% / 0.0750%.

Additionally, Binance follows a different fee structure for different types of trading. So it is best to check their website for complete information.

Just like Binance, Gate.io also has a simple tiered fee structure. Levels are based on trading volume or GT holding for the last 30 days.

Gate.io has a total of 17 levels. Market maker and taker fees range from 0.2% to 0.15%, which is the highest, to 0.065% to 0.025%, the lowest for spot trading.

Also, it charges around 0.00%/0.050% (highest) to -0.025%/0.030% (lowest) for futures contracts. Additionally, if you hold a GT token in your account and use it for trades, you will benefit from reduced trading fees.

Binance vs Gate.io: Supported Cryptocurrencies

As a trader, you always want to invest in newer coins. You should therefore choose a trading platform that gives you access to a wide range of tokens. And in this case, both exchanges allow you to swap multiple tokens.

For example, when it comes to supported currencies, Binance is a better option. Since it supports over 500 digital assets and cryptocurrencies. You can trade popular tokens like Bitcoin, Ether, Binance Coin, Dogecoin, LUNA, Litecoin, and more. Additionally, new coins continue to be added to the exchange.

On the other hand, Gate.io does not allow you to trade as many coins as Binance. But stay

you will be able to trade in most popular cryptocurrencies like Ethereum, Bitcoin, Qtum, Dash, Ripple, EOS, Zcash, Dogecoin and many more.

Also, if you are interested in newer coins, it is better to have your account open on different crypto exchanges like Kraken, Bybit, and FTX.

Binance vs Gate.io: Comparison of Trading Platforms

It is also important to choose a trading platform based on the trading interface. If the trading platform is not easy to use, most beginners will not be able to get into crypto trading.

Fortunately, Binance has two different user interfaces for beginners and advanced users. The trading interface is mostly suitable for advanced users and supports multiple chart playback options. Such as Binance’s own charting system, or you can use TradingView’s chart.

The trading interface is also quite easy to navigate. And you will find all the trading pairs and tools that will help you on your trading journey.

However, as a beginner, you might feel that the tools are confusing to use. But they have a trading knowledge section on their website where you can learn how to use Binance or trade cryptos on the exchange.

On the other hand, Gate.io also comes with an excellent user interface. However, beginners might find the interface too confusing to use. But it has all the tools you will need.

It supports multiple timeframes, hundreds of trading indicators, drawing tools and many more. Also, you can see the Gete.io trading window on the left corner of the interface.

On the right side you will find the order book and the live trades section. Below the order book, you will find an order form where you can place your orders.

Binance vs Gate.io: Security Features

It is also important to choose a trading platform that offers you ultimate security. As you don’t want to lose your funds to hackers.

If we talk about Binance, it gives you features like two-factor authentication or 2FA, address whitelisting, device management, the ability to restrict device access, and more.

Additionally, if you are from the United States, you will need to use the Binance.us trading platform. And best of all, you’ll get FDIC insurance on all your USD funds under Binance’s FDIC-Insured USD Balances Policy.

Similarly, Gate.io also has strong security measures in place. For example, it uses cold or offline storage to hold your funds. For added security, you’ll have access to multi-signature addresses, two-factor authentication, anti-phishing code, IP address whitelisting, and more.

Is Binance safe?

Without a doubt, Binance is one of the most secure crypto trading platforms. The exchange has worldwide availability and is known to offer reliable service. Also, the exchange gives you plenty of security features to protect your account. Plus, you get FDIC insurance when you use Binance.us. However, Binance has a history of hacking attacks.

Is Gate.io a safe exchange?

Gate.io is another safe crypto exchange for futures. The company has a mandatory KYC requirement for all of its users. Also, it takes all the important security measures necessary to provide you with a safe trading experience.

Last words:

So that was a quick comparison between Binance and Gate.io. Now go ahead and check out both exchanges, compare their trading fees and features, and choose something that suits your needs. Also, for any other questions, comment below.

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