Which Crypto Exchange is Best?

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 vs Binance: A Glance Comparison

What is Gate.io?

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.

Pros & Cons of Gate.io

Gate.io is Best for:

• Advanced Traders: Gate.io is ideal for professional crypto traders seeking access to a diverse range of digital assets and trading pairs. It also offers an all-in-one trading platform that encompasses spot, margin, futures, and options markets, alongside advanced trading tools such as automated bots, copy trading, and professional charting.
• Gate is also a great option for users looking for early access to new or lesser-known tokens through its startup launchpad.

What is Binance?

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.

Pros & Cons of Binance

Binance is Best for:

• Beginners: Binance offers basic trading tools for beginners, including Lite mode trading, spot trading, demo trading, and peer-to-peer (P2P) trading. With Spot, you can conduct simple buy and sell trades. The demo trading features provide a simulated environment to practice trading and improve your skills before going live, while P2P enables traders to initiate buy and sell orders with other users using local payment methods.
• Advanced Traders: As discussed earlier, Binance offers a comprehensive ecosystem for trading, including professional-grade trading tools designed for more advanced traders. If you are a professional trader, you can explore on-chain trading with Binance Wallet, get quick access to Web3 via Alpha Trading, and use trading bots to automate your strategies.
• Low Fees and High Liquidity: Binance offers a competitive fee structure starting at 0.1%. The platform’s fee structure enables day traders and high-volume traders to incur lower trading fees as their 30-day volume increases. In addition to low costs, Binance has the highest liquidity among crypto exchanges, making it a solid choice for frequent traders.

Gate vs Binance: Trading Features

Gate vs Binance: Platform Products and Services

What Gate.io Offers:

• Basic and Advanced Trading Tools: Gate offers spot, P2P trading, futures, margin, options, pre-market trading, and block trading for beginners, intermediate, and seasoned traders. With spot and P2P, users can buy/sell crypto quickly. Meanwhile, futures and margin trading enable traders to amplify their positions, thereby increasing their potential for both higher earnings and losses on their trades.

• Gate Ventures: This is the venture capital arm of Gate.io, focusing on accelerating innovation in the Web3 ecosystem by investing in products that build the next generation of decentralized infrastructure, middleware, and consumer applications. Rather than acting as a passive investor, Gate Ventures provides both capital and strategic guidance. They help founders refine their product development, scale their operations, and expand into global markets.
• Trading Bots: Gate offers multiple trading bots that follow preset strategies and instructions, enabling users to run their trades 24/7. Depending on your need, you can choose between the spot or futures grid, average cost bot, spot martingale, expert bot, or activate the signal bot for real-time trading alerts.

• Gate Pay: Gate Pay is Gate.io’s crypto payment solution that allows users and merchants to send, receive, and process payments in cryptocurrencies seamlessly. It supports multiple digital assets and enables fast, low-cost transactions without relying on traditional payment intermediaries.
• Gate Web3: Gate Web3 Wallet is a non-custodial wallet that enables users to store, swap, and transfer tokens across multiple blockchains, while maintaining full control over their private keys. Through this wallet, users can access Gate NFT, explore DeFi opportunities, and interact with the broader GateChain network (Gate.io’s proprietary blockchain).

What Binance Offers:

• Trading Tools: For beginners and low-risk traders, Binance offers spot trading, margin trading, demo trading, and a P2P marketplace for completing basic transactions. For professional traders, Binance offers tons of products, including automated trading bots, futures trading, options trading, leveraged tokens (ETFs), staking, on-chain trading, and API integrations. 

• Binance Wallet: The Binance Web3 Wallet is a self-custody, multi-chain digital wallet designed to securely store, manage, and interact with cryptocurrencies and decentralized applications (dApps), such as DeFi platforms, NFT marketplaces, and blockchain games, without requiring the user to switch wallets or platforms.

• Binance Launchpad: Binance Launchpad is a token launch platform that acts as a crowdfunding venue for blockchain projects. It allows users to participate in Initial Exchange Offerings (IEOs), where they can purchase newly issued tokens from promising projects early by committing Binance Coin (BNB) during a subscription period.
• Binance Launchpool: Binance Launchpool enables users to stake their existing tokens (such as BNB, BUSD, or other tokens) to earn new tokens from upcoming projects. Instead of purchasing the tokens outright, users earn rewards over time proportional to their stake in supported pools.

• Binance Pool: Binance offers a mining pool primarily focused on Proof-of-Work (PoW) cryptocurrencies, such as Bitcoin. The pool supports miners by providing stable and reliable mining operations through a global network of mining nodes. The Mining Pool offers advanced features, including cloud mining, pool savings, and reward-maximizing campaigns, and charges relatively low fees for mining.

Gate vs Binance: Fee Structures

Gate vs Binance: Token Availability, Liquidity, & Trading Volume

Gate vs Binance: Security Comparison

Gate Security Measures

• Cold Storage: Gate.io stores the majority of user assets in cold wallets, keeping them offline to minimize exposure to hacking risks. These wallets are protected by multi-signature authentication, which requires multiple approvals before any transfer is made.
• User Account Protection: Gate.io also enforces two-factor authentication (2FA), anti-phishing codes, and withdrawal whitelist features to prevent unauthorized access. User accounts are protected with advanced encryption, while the platform continuously monitors for suspicious logins, IP changes, and device activity.

Binance Security Measures

• Offline Storage and Multi-Sig Authorization: Binance utilizes cold storage to safeguard the majority of user funds offline, thereby protecting them from online threats. The exchange also applies multi-signature authorization for withdrawals and transactions, reducing the risk of insider breaches or single-point failures.
• User Account Protection: User accounts are protected with Two-Factor Authentication (2FA) via Google Authenticator or SMS, anti-phishing codes, device management controls, and withdrawal whitelists. These features make it more difficult for unauthorized users to access or transfer funds, even if login credentials are compromised.
• Secure Asset Fund for Users (SAFU): A major part of Binance’s safety measures is the Secure Asset Fund for Users (SAFU). This is a $1 billion emergency fund that serves as insurance to reimburse users in the event of major breaches.

Binance vs Gate: Affiliate & Referral Programs

Binance vs Gate: User Experience

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.

Gate.io vs Binance: Customer Support

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.

Conclusion: Which Exchange is Better for Crypto Trading?

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.

FAQs

Is Gate a Trusted Crypto Exchange?

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.

What Cryptocurrency Exchange is Better than Binance?

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.

Which Exchange has Lower Fees Between Binance and Gate.io?

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.

Which Exchange is More Beginner-friendly: Gate or Binance?

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.

Which Exchange is More Secure: Gate vs Binance?

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.

What are the Deposit and Withdrawal Fees on Gate.io and Binance?

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.