Gate.io and Binance Futures are two well-known exchanges and tough competitors to each other. Both exchanges have similar features, market types, and competitive fees.

Hence, it becomes a tough choice for traders to choose the right crypto exchange for their needs between Gateio vs Binance.

However, even though both exchanges are quite similar, you will find many key differences.

In this post, I am to walk you through all the offerings of these two exchanges and help you choose between the two exchanges.

Gate.io vs Binance: At A Glance Comparison

Gate.io

Gate.io is one of the oldest cryptocurrency exchanges out there, operating since 2011. It has been ranked among the top 10 exchanges and offers you tons of services in the crypto industry.

You can use the exchange for day trading crypto or building up your portfolio. Plus, it offers you additional trading features like copy trading and so on.

Binance

Binance is known as the largest cryptocurrency exchange by trading volume. The exchange has been in operation since 2017. On Binance, you can get all types of crypto services, such as trading, crypto, loans, crypto taking, NFTs, and more.

Gateio vs Binance: Trading Markets, Products & Leverage Offered

Both exchanges stand at an equal position when it comes to market offerings.

Product Offerings By Gate.io

  • Spot Market Trading
  • Margin trading with up to 10x leverage.
  • ETF Leveraged Tokens
  • Perpetual Futures with leverage ranging from 20x to 100x.
  • Weekly or Quarterly Contracts with expiration dates.
  • European-style crypto vanilla options.

Product Offerings By Binance

  • Margin Trading with 3x leverage for cross and 10x leverage for isolated trades.
  • USD-M Futures: Crypto futures contracts settled in USDT or BUSD with leverage ranging from 20x to 125x.
  • Coin-M Contracts: Perpetual and quarterly futures contracts settled in cryptocurrencies with leverage ranging from 20x to 125x.
  • Crypto Options
  • Strategy Trading
  • Binance Leveraged Tokens
  • Spot Market Trading

Joining Binance? Learn Which is better Binance Margin or Futures

The bottom line is there is very little difference between both exchanges’ product offerings. However, Binance offers slightly higher leverage for futures trading than Gate.io. Hence I choose it as a winner.

Winner: Binance

Gate.io vs Binance: Supported Cryptocurrencies

Coming to supported cryptocurrencies, Gate.io is a better option as the exchange offers you more than 1400 cryptocurrencies that you can trade on the platform.

Hence, you not only get to invest or trade the most popular coins but also invest in new and unique coins.

Also, it has a startup section where you can get a free token airdrop. Overall, on the exchange, you will find crypto tokens such as:

  • BTC
  • ETH
  • GT
  • ACX
  • XRP
  • FLOKI
  • EVER
  • MAGIC
  • LTC

On the other hand, Binance supports more than 500 cryptocurrencies. These include a combination of both popular and newly launched coins. Such as:

  • BTC
  • ETH
  • LTC
  • BNB
  • ADX
  • AGIX
  • AERGO
  • SOL

Overall, Gate.io supports more coins compared to Binance. As a result, it wins the race for this category.

Winner: Gate.io

Gate.io vs Binance: Trading Fee & Deposit/Withdrawal Fee Compared

Both Gate.io and Binance follow a fee-structured fee structure. However, to make things a little interesting, Gate.io offers you zero trading fees for selected markets. And here is how both exchanges trading fee compares:

Gate.io Spot Trading Fee

Gate.io offers zero trading fees for different spot trading pairs. This includes:

  • USDT (BTC/USDT)
  • USD (All trading pairs)
  • BTC (All trading pairs)
  • ETH (All trading pairs)

If you don’t fall into the zero trading fees category, then it will charge you a maker and taker fee of:

  • Maker Fee:15%
  • Taker Fee:15%

gate.io trading fee

However, you avail of GT debit or discount on your trading fee. And the revised maker/taker fee would stand at 0.2%/0.2%, respectively.

Gate.io Futures Trading Fee

For futures trading also, you get zero trading fee for BTC-M (All trading pairs). But apart from this, the standard fee would be:

  • Maker Fee:015%
  • Taker Fee:050%

You can get additional discounts on the trading fee if you meet Gate.io’s rate discount program requirements.

Gate.io Deposit & Withdrawal Fees

Gate.io doesn’t charge you any fees for depositing funds into your account. But you may be subjected to transaction costs depending on your deposit payment method selection.

Additionally, Gate.io does charge you a withdrawal fee, and it varies from one crypto token to another.

Binance Spot Trading Fee

On Binance, you don’t have any zero trading fee scheme. Instead, it follows a tiered fee structure. So the more you trade, the less you have to pay as the maker and taker fee. The basic level trading fee stands at without discount:

  • Maker Fee:1000%
  • Taker Fee:1000%

You get 25% off on trading fees when you pay using BNB. So the revised trading would be:

  • Maker Fee:750%
  • Taker Fee:750%

binance Spot Market Trading Fee

Binance Futures Trading Fee

You also get to see a similar tiered fee structure for USD-M and Coin-M perpetual contracts. The fees stand at:

USD-M Futures Trading

  • Maker Fee:0200%
  • Taker Fee:0400%

With a 10% BNB Discount

  • Maker Fee:0180%
  • Taker Fee:0360%

binance futures trading fee

Coin-M Futures Trading

For Coin-M contracts, you don’t get any BNB discount. So the standard rate stands at:

  • Maker Fee:01000%
  • Taker Fee:0500%

Options Trading Fee

  • Maker Fee:020%
  • Taker Fee:020%

Binance Deposit & Withdrawal Fees

You also get free deposits on Binance. But additionally, charges may occur depending on your deposit method selection.

Also, on Binance, you have P2P trading, where you can enjoy free deposits and withdrawals by using your local payment methods.

Talking about the withdrawal fee, it again depends on what withdrawal method you are selecting. For most options, there are no charges. But for some, you might have to pay withdrawal fees.

Overall, the winner is Gate.io. The exchange offers you zero trading fees for a wide range of trading fees.

Winner: Gate.io

Gate.io vs Binance: Order Types

Coming to the order types, both exchanges offer you different order types. Such as:

Gate.io

  • Limit
  • Market
  • Conditional
  • Stop-Limit
  • Loop Order
  • Trailing Reversal Order

Binance

  • Limit
  • Market
  • Stop Limit
  • Stop Market
  • Trailing Stop
  • Post Only
  • TWAP

As you can see, Binance offers more order types which can help you trade effectively. So the exchange wins this section.

Winner: Binance

Gate.io vs Binance: KYC Requirements & KYC Limits

When it comes to KYC requirements, Gate.io is a better option for those who don’t want to verify their account.

Even without verifying your account, you will be able to perform certain tasks like depositing funds and trading crypto. But you would face issues while withdrawing funds with basic verification.

On the other side, Binance doesn’t offer you any exemption on KYC. It is made mandatory by the exchange to complete user verification before allowing you to deposit, trade or withdraw funds.

Gate.io KYC Limits

Gate.io has three levels of KYC. These are: KYC-1(Basic verification), KYC-2(Advanced verification), and KYC-3(Address verification). And the limits for these KYC levels stand at:

  • KYC-1(Basic verification): Daily withdrawal limit: up to 100,000 USDT
  • KYC-2(Advanced verification): Daily withdrawal limit: up to 2,000,000 USDT
  • KYC-3(Address verification): Daily withdrawal limit: up to 8,000,000 USDT

As you can trade without KYC on Gate.io, many traders would prefer the exchange over Binance.

Winner: Gate.io

Gate.io vs Binance: Deposits & Withdrawal Options

You can use all the basic options to fund your account and cash out from the exchange on both Gate.io and Binance. Plus, both exchanges support P2P trading. So you can deposit or withdraw funds using your local payment methods.

Gate.io

  • Method 1: Deposit funds via credit or debit card.
  • Method 2: Deposit or withdraw funds using P2P trading.
  • Method 3: Deposit or withdraw crypto tokens.

Binance

  • Method 1: Deposit via bank transfer, third-party payment options, or using credit debit cards.
  • Method 2: Deposit or withdraw funds using P2P trading.
  • Method 3: Transfer crypto to Binance wallet.

Note: When you deposit funds via crypto tokens, it will be subjected to network fees charged by the blockchain network and not the exchange.

Overall, both exchanges offer you similar payment methods for depositing and withdrawing funds. So it’s a tie between both of them.

Winner: Tie

Gate.io vs Binance: Trading & Platform Experience Comparison

When it comes to trading platform experience, both exchange offerings and look are pretty much the same.

Gate.io

Gate.io exchange

On Gate.io, you get an advanced trading window where you can easily buy/sell crypto tokens, see the order book, and more. It offers you features like:

  • Trade History and order history
  • Open orders
  • Order book
  • Spot trading pairs menu
  • Multiple order types
  • Advanced charting with TradingView

Binance

start trading on binance futures

Binance also offers you similar features to Gate.io. There is not much of a difference between the two.

  • Advanced charting with TradingView
  • Recent order, order history, current positions
  • Order book
  • Easy-to-use mobile app
  • Multiple order types
  • Rapid trade speed

As both the exchange’s trading experience stands at an equal position, it is a tie between them.

Winner: Tie

Gateio vs Binance: Customer Support

When it comes to customer support, you have similar options. Like there is a Helpdesk where you can find answers to commonly asked questions.

If we talk about Gate.io, you can get support by raising a support ticket, and they are very quick to respond. Alternatively, you can email them to get help. However, it lacks support through live chat agents or social media channels.

Binance is a much better option when it comes to support. You can get help right away using its chat portal. Or you can also email them or reach out to them via Twitter to solve your queries right away.

As Binance customer support is easier to reach, hence it is a clear winner.

Winner: Binance

Gateio vs Binance: Security Features

Both Gate.io and Binance take user security very seriously and does it’s best to keep your funds stored in offline storage. The security features offerings by both of them are pretty equal, and it stands at:

Gate.io

  • io’s self-developed trading system
  • Encrypted transport layer
  • WAF protection system
  • IP address monitoring
  • Withdrawal whitelist
  • 2FA

Binance

  • Secure Storage
  • Real Time Monitoring
  • 2FA
  • Organizational Security
  • Advanced Data Encryption
  • Regular Audits

Winner: Tie

Is Gateio a Safe & Legal To Use?

Gate.io is one of the most well-known crypto exchanges out there that offers rock-solid security to its users. It keeps most of its funds in cold storage.

Also, the exchange performs regular audits from reputed agencies. However, the exchange has been hacked in the past.

Is Binance a Safe & Legal To Use?

Binance is definitely a rock-solid crypto exchange with zero histories of hacks. The exchange offers a bunch of security features and keeps a vast amount of funds in offline storage.

Also, the exchange is widely trusted and used by millions of users worldwide.

Gateio vs Binance: Why not use both?

The end of the story is, Gate.io is a better option compared to Binance.

It offers you zero trading fees which can be extremely beneficial. Plus, it supports more crypto tokens and offers you Airdrops.

But Binance cannot be looked down upon.

It is the largest crypto exchange with deep liquidity that helps you to execute your trades faster. Also, it has rock-solid support, security, and features to ease your trading experience.

See how Gate.io & Binance compares to other exchanges:

Nayan Roy
Latest posts by Nayan Roy (see all)