When deciding between Binance and Gate, consider factors such as user experience, security, key features, fees, and how they align with your trading goals.
Gate.io and Binance are global cryptocurrency exchanges that offer crypto investors tools for buying, selling, and trading digital assets. Both platforms provide high liquidity for users, as well as access to basic and advanced tools, including spot trading, futures trading, trading bots, and the web3 ecosystem.
Since both exchanges offer similar services, it can be challenging to decide on the best option for trading cryptocurrencies. Therefore, this article compares Binance vs Gate.io across security measures, trading fees, liquidity, trading features, customer support, and ease of use.
Gate.io is a global cryptocurrency exchange, currently ranked as the seventh-largest exchange by trading volume on CoinMarketCap. The platform enables the trading of a wide range of cryptocurrencies. It provides users with access to various tools for managing their portfolios, including spot, futures, staking, lending, GT token, DeFi, NFT, and initial exchange offering (IEO) products.
The platform is one of the oldest crypto exchanges, founded in 2013 by Lin Han, and currently serves over 30 million crypto investors in more than 200 countries. In addition to the platform’s products and services, Gate has a venture capital arm that has made around 22 investments across roughly 20 portfolio companies, including notable names such as Pyth Network and Wormhole.
Binance is the largest cryptocurrency exchange by trading volume, with an average daily trading volume of $20 billion. The platform was founded in 2017 by Changpeng Zhao (CZ) and quickly increased adoption by offering an easy and inclusive way for anyone to trade, serving over 280 million users in 180 countries.
Due to its market dominance, Binance Exchange has become one of the top choices for investors looking for the best crypto exchanges for trading Bitcoin and other cryptocurrencies. The platform offers a complete trading environment that includes spot, margin, futures, extensive earn products, an NFT marketplace, and a web3 wallet for easy access to the web3 ecosystem.
We reviewed Binance, and the first thing we noticed was that it has a comprehensive interface with everything laid out. The dashboard displays your balances, open orders, and trending markets, and you can customize the products that are featured on your dashboard. For beginners, it may seem a bit overwhelming due to the numerous features packed in.
You will find spot trading, futures, savings, staking, NFTs, campaigns, and a button to switch to the web3 portal. However, the navigation is intuitive once you spend a few minutes exploring. The mobile app mirrors the web design, making it easy to check your portfolio or execute trades on the go without feeling lost.
In contrast, Gate.io has a busier, densely packed, but functional user interface. While the products/services are properly laid out, beginners might struggle to get a hang of the platform immediately. Additionally, the exchange doesn’t offer as much guide as Biannce to help new users familiarize themselves with the exchange.
Gate.io is ideal for experienced traders due to its extensive charting tools, highly customizable trading options, and a variety of altcoins, including many early-stage projects and emerging tokens not yet listed on Binance. If you’re considering Gate, we’ve broken down the platform’s tools, features, security, and full experience in this Gate.io review.
When it comes to customer support, both Binance and Gate.io offer global, multilingual assistance, but the experiences differ. Binance offers a massive Help Center, FAQs, in-app support, and ticketing, providing users with numerous self-help resources. Now, for common issues like withdrawals or KYC, the resources work well, but complex problems can lead to slow responses and generic replies.
Meanwhile, Gate offers email, ticketing, and chat support, with multilingual coverage that’s particularly helpful for international users. However, the platform has a reputation for slower responses and less proactive communication. Many users report frustration with account locks or delayed withdrawals, making it better suited for traders who are comfortable troubleshooting on their own.
Binance and Gate are among the top crypto exchanges offering beginners, intermediates, and professionals tools for trading digital assets. Choosing between these two exchanges depends on your trading needs and goals. If you are a beginner or experienced trader seeking high liquidity, low fees, and comprehensive trading tools, choose Binance. However, if you need access to a wider range of cryptocurrencies, including emerging tokens, opt for Gate.
Yes, Gate is a trusted exchange. Gate implements multiple security features and has been in the crypto market for over a decade. In this time, the exchange has not been associated with significant untrustworthy actions. Although it has faced security breaches in the past, they were handled quickly, and the company has since improved its security measures.
As stated earlier, Binance is a top choice for beginners, intermediate, seasoned traders, and even institutional traders. Still, there are good alternatives to Binance that equally have high liquidity, low fees, robust security measures, and comprehensive tools. These Binance alternatives include Gate, Bybit, Coinbase Exchange, OKX, and MEXC.
Gate.io charges the same trading fee as Binance for regular users. The exchange charges 0.1% maker/taker for regular users, with discounts available for high-volume traders (VIP tiers) and those who pay with GT Token. Meanwhile, Binance charges 0.10% for regular users and also offers lower fee tiers for VIP traders.
Binance is more beginner-friendly than Gate. Binance’s interface is designed to be intuitive, with clear menus, helpful tips, educational resources, and demo trading options that make onboarding smoother for beginners. Meanwhile, Gate has a more complex and crowded interface that can be confusing and overwhelming for beginners.
When comparing security between Binance and Gate.io, both exchanges implement strong security measures. Binance’s security features include 2FA, advanced encryption, offline storage, an emergency fund (SAFU) withdrawal whitelist options, and real-time monitoring.
Gate.io also offers comprehensive security protocols, including two-factor authentication (2FA), SSL encryption, cold storage, multi-signature wallets that require multiple approvals for withdrawals, and regular security audits. The platform has a history of fewer high-profile breaches compared to Binance, though it suffered a notable hack in 2019 that was partially remedied.
Gate and Binance do not charge fees for cryptocurrency deposits, with the only cost being blockchain network fees for confirmations. Withdrawal fees on both exchanges are dynamic and depend on the token being withdrawn, as well as the current network conditions.
