Gate.io Vs Binance: Which Crypto Exchange Is Right For You?

Spread the love

Gate.Io Vs Binance

Is Gate.io or Binance the better exchange for beginners? Both exchanges offer similar services such as margin trading, stop losses, and advanced order types. They also both support multiple cryptocurrencies.

Binance was founded in 2017 by Changpeng Zhao (CEO/founder). Their mission is to become the premier global cryptoasset exchange. The company has offices in over 38 countries including, Sweden, Japan, Germany, Spain, USA, Isreal, and France.

Gate.io was founded in 2013 and it has its office based in George Town, KY. The company focuses on user experience and safety when it comes to cryptocurrency. The Company has strived to provide its users with the best trading experience in the last 8 years. 

Gate.io Vs Binance: Supported Coins

Gate.io supports over 1,200 cryptocurrencies, meaning you should find most coins you’re interested in buying there.

Top coins include: 

  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Monero
  • Zcash
  • Doge
  • etc.

Binance is well-known for its massive altcoin list, with more than 500 choices available to non-U.S. users. However, the Binance.US exchange only supports 60 coins. Depending on your location, Binance offers over 70 to 650 cryptocurrency pairs.

Top Coins Include:

  • Bitcoin
  • Binance Coin
  • Cardano
  • Polygon
  • Shiba Inu
  • Dogecoin
  • Ethereum Classic
  • Stellar Lumen
  • NEO
  • Cardano
  • TRON
  • Bitcoin Cash
  • Dash
  • VeChain
  • Basic Attention Token
  • etc.

Gate.io Vs Binance: Types Of Transactions Supported

Gate.io supports spot and margin trading. You can place limit orders or conditional orders. Trading interfaces are intuitive and easy to use.

See also  Cobra Coin ($COBRA) Launching Soon

Binance supports limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more.

Binance has become a global crypto currency exchange with over 10 million users. It offers a wide range of features including margin trading, lending, futures contracts, and more.

Gate.io Vs Binance: Trading Fees

Both Gate.io and Binance charge trading fees from their customers. However, they have different approaches.

Gate.io Trading Fees

TierMeet trading volume + GT holding requirements 30-day Volume/GT holdingGT Holding Only GT holdingTotal Holdings (Account Value)Maker Standard fee/GT debitTaker Standard fee/GT debit
VIP 01.5 BTC / 0 GT0 GT0 BTC0.2% / 0.15%0.2% / 0.15 %
VIP 11.5 BTC / 20 GT100 GT0.05 BTC0.185% / 0.139%0.195% / 0.146 %
VIP 23 BTC / 50 GT300 GT0.1 BTC0.175% / 0.131%0.185% / 0.139 %
VIP 36 BTC / 200 GT1000 GT0.25 BTC0.165% / 0.124%0.175% / 0.131 %
VIP 412.5 BTC / 500 GT2500 GT0.5 BTC0.155% / 0.116%0.165% / 0.124 %
VIP 525 BTC / 1000 GT5000 GT1 BTC0.145% / 0.109%0.155% / 0.116 %
VIP 675 BTC / 2000 GT12000 GT2.5 BTC0.135% / 0.101%0.145% / 0.109 %
VIP 7200 BTC / 5000 GT25000 GT5 BTC0.125% / 0.07%0.135% / 0.101 %
VIP 8500 BTC / 10000 GT50000 GT10 BTC0.115% / 0.06%0.125% / 0.094 %
VIP 91250 BTC / 20000 GT120000 GT25 BTC0.105% / 0.05%0.115% / 0.086 %
VIP 102500 BTC / 40000 GT250000 GT50 BTC0.095% / 0.04%0.105% / 0.058 %
VIP 113000 BTC / 50000 GT500000 GT100 BTC0.085% / 0.01%0.095% / 0.045 %
VIP 126000 BTC / 50000 GT1000000 GT200 BTC0.075% / 0.005%0.085% / 0.037 %
VIP 1311000 BTC / 50000 GT2000000 GT400 BTC0.065% / 0%0.075% / 0.03 %
VIP 1420000 BTC / 50000 GT4000000 GT750 BTC0.055% / -0.005%0.065% / 0.025 %
VIP 1540000 BTC / 50000 GT 1500 BTC0.055% / -0.0075%0.065% / 0.022 %
VIP 1675000 BTC / 50000 GT 2500 BTC0.055% / -0.01%0.065% / 0.02 %

Binance Trading Fees

30-DAY VOLUMEMAKERTAKER
Less than $50,0000.10 percent0.10 percent
$50,000 – $100,0000.09 percent0.09 percent
$100,000 – $500,0000.08 percent0.09 percent
$500,000 – $1 million0.07 percent0.08 percent
$1 million – $5 million0.05 percent0.07 percent
$5 million – $10 million0.04 percent0.06 percent
$10 million – $25 million0 percent0.06 percent
$25 million – $100 million0 percent0.05 percent
$100 million – $250 million0 percent0.04 percent
$250 million – $500 million0 percent0.03 percent
$500 million and up0 percent0.02 percent

Gate.io Vs Binance: Security Features

Security features are a major concern for every investor, especially when dealing with money. When looking at security measures taken by each exchange, some of them are really impressive.

See also  12 Biggest Crypto Exchange Hacks In History

For example, Gate.io uses top-notch 2FA authentication that secures all transactions using Google Authenticator. It then sends an SMS text message to confirm each transaction. This way, hackers cannot steal someone’s account without getting access to the phone number associated with the account.

Binance uses two-factor authentication (2FA) for user login. Users must provide an additional verification method besides username/password combination. This includes hardware, app-based, SMS or email methods. Advanced access controls allow users to restrict API access by IP addresses and wallets.

In addition, both Gate.io and Binance use SSL encryption to secure sensitive data before sending it to servers. All data stored on the exchanges’ systems is protected by Secure Sockets Layer (SSL), which encrypts information between their users and server. This prevents hackers from intercepting information as it travels over networks.

Two factor authenticationYesYes
VerifiedVerifiedVerified

Gate.io Vs Binance: Staking Rewards

Blockchains provide incentives for people to participate in their networks. Participants receive rewards for verifying blocks. Once they’ve staked their coins, they’re given an opportunity to validate a transaction.## Inputs If they are chosen, they receive the rewards of that block.

See also  10 Best Crypto Faucet For BTC And Altcoins

Gate.io HODL & Earn offers users many ways to make passive income by just holding cryptocurrency. Users can lock up their cryptocurrencies for a certain period of time and receive interest or principal payment when the term expires. Users can also stake their cryptocurrencies for an additional amount of interest every day. 

Binance offers several ways to stake your cryptocurrency. Here’s a breakdown:

1. DeFi Staking

DeFi staking is risky, but Binance vets its DeFi stakers to minimize risk when staking. While DeFi staking on the Binance platform has high returns, there is always some risk because Binance isn’t responsible for smart contract security issues.

2. ETH 2.0 Staking

You can use the ETH 2.0 Staking feature to stake your Ether for long term and receive rewards. You will receive BETH tokens for your ETH. BETH can perform any actions that ETH can do. You can even exchange ETH for an equal amount of BETH. The interest rates you earn from stashing your ETH on the ETH 2.0 staked feature vary depending on how many other people are staking at the moment.

3. Locked Savings

You can lock your funds on Binance exchange for varying rates depending on how long it stays there. For example, if your account is locked for 7 days, you’ll get 4.5% interest. If you lock your funds for 90 days, you can get up to 5.1% interest.

4. Binance Vault

You can lock up some BNB and earn an APY (Annual Percentage Yield). The APY is calculated based on the existing earnings opportunities on Binance. The Binance Vault functions more like an investment manager that invests your funds in a way that guarantees them to earn interest.

Staking on Binance offers many different options for investors. These include considering all available options, and assessing the level of risk associated with each option. Higher yielding options are more risky, whereas lower yields are less risky. Flexible savings offer daily rewards, which are lower than locked savings. With locked savings, you get higher interest rates than with flexible savings.

Gate.io Vs Binance: Supported Languages

Gate.io can be used inEnglish, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Turkish and Thai.

Binance Can be used English, Portuguese, German, French, Spanish, Italian, Korean, Russian, Traditional Chinese, Simplified Chinese, Dutch, Vietnamese, Turkish, Indonesian, Filipino, Polish, Slovene, Ukrainian and Bulgarian.

Both Gate.io and Binance support multiple languages. So, whichever language you prefer, you will be able to use the platform easily.

Gate.io Vs Binance: Support Contact

 Gate.ioBinance
Websitewww.gate.iowww.binance.com
Facebookhttps://www.facebook.com/binance/https://www.facebook.com/gateioglobal/
Twitter@gate_io@binance 
Emailsupport@mail.gate.io 

Gate.io Vs Binance: Pros and Cons

 Gate.io

ProsCons
Multiple Cryptocurrencies AvailableVulnerable to hacking
24/7 Customer supportNo fiat deposits
Easy to Use 
Mobile application 

Binance

ProsCons
Low FeesThe platform can be confusing for beginners
High Liquidity 
Many trading options 
Solid Security 
It supports Peer-to-Peer (P2P) trading 
Various payment methods supported 

Gate.io vs Binance: Conclusion

Overall, I believe that Binance is a better choice than Gate.io. Both platforms have advantages and disadvantages, but each platform has its own unique features. You should choose the platform based on your needs. Do you want to invest in cryptocurrencies or trade them? Are you looking for a secure place to store your cryptocurrency? Or maybe you just want to make some extra money by investing in a promising project?

I hope this article helped you decide whether Gate.io or Binance is right for you!

In case you have any questions regarding this comparison, please leave a comment below. 

Thank you for reading!


Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *