Gate.io vs Binance

Gate.io or Binance – which is better for UK traders 2024? Compare Gate.io and Binance in this detailed breakdown of their platforms, features and fees.

Gate.io vs Binance Comparison Table 2024
Gate.io Binance
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rating full
2.3
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3.5
Gate.io is ranked #79 among crypto brokers. Binance is ranked #75 among crypto brokers.
Review
Review
Gate.io has closed or no longer accepts UK clients.
Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.
Pros
  • 180+ crypto tokens available and 100+ crypto deposit methods
  • Lending and yield farming supported, plus an NFT marketplace
  • Unlike many exchanges, Gate.io offers a free demo account with virtual funds
  • Derivatives trading available with leveraged tokens up to x100 and spot contracts
  • A range of community and social features are available including a chat room, leaderboards and live streams
  • Wide range of educational resources aimed at various experience levels plus a Beginner's Zone with rewards
  • Gate.io wallet for crypto-asset storage
  • Over 350 crypto tokens are available with big names like Bitcoin and Ethereum
  • Crypto derivatives are offered including options and futures
  • Trade popular cryptos with high leverage up to 1:125
  • Binance Academy is a great resource for beginners
  • The account opening process is straightforward
  • There are no fees on fiat and crypto deposits
  • 24/7 support is available via live chat
Cons
  • Cluttered platform which may deter beginners
  • Unregulated exchange raises security concerns
  • Limited customer support methods
  • Daily withdrawal limits and fees
  • Fiat deposits are not accepted
  • No customers from the USA
  • No contact support number
  • Some regulatory investigations
  • The crypto exchange has been hacked
FCA Regulated
No No

List of FCA Regulated Brokers

Instruments
Spot and crypto derivatives Cryptos
Demo Account
Yes No
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
$10 $10
Mobile Apps
Yes (iOS & Android) Yes
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
Yes Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • UAH
Cryptocurrency
Gate.io supports 180+ altcoins, with an impressive 670 assets that can be traded against USD, 89 BTC markets and 520 ETH markets. Active traders are favored with the tiered fee structure, paying as little as 0.055% for maker fees. Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Variable Variable fees with account tiers
Coins
  • GT
  • THETA
  • CNYX
  • USDT
  • USDT
  • ETH
  • BTC
  • BCH
  • BSV
  • ETH
  • ETC
  • EOS
  • XRP
  • LTC
  • ZEC
  • DASH
  • QTUM
  • QUTM_ETH
  • DOGE
  • OCN
  • BTM
  • TRX
  • ONT
  • BTG
  • BAT
  • SNT
  • BTM_ETH
  • CVC
  • REQ
  • RDN
  • KNC
  • LINK
  • THETA
  • SHIB
  • VET
  • DOGE
  • VET
  • USDT
  • BTC
  • BNB
  • ETH
  • VTHO
  • ADA
  • ONE
  • SOL
  • NEO
  • LINK
  • XLM
  • NANO
  • LTC
  • BUSD
  • HBAR
  • ALGO
  • MANA
  • ZIL
  • ENJ
  • BCH
  • MATIC
  • EGLD
  • HNT
  • EOS
  • QTUM
  • RVN
  • DAI
  • IOTA
  • ONT
  • STORJ
  • UNI
  • ETC
  • BAND
  • OMG
  • XTZ
  • USDC
  • ATOM
  • DASH
  • ICX
  • BAT
  • MKR
  • OXT
  • ZEC
  • ZEN
  • ZRX
  • COMP
  • WAVES
  • KNC
  • REP
  • PAXG
  • FIL
  • WBTC
  • THETA
  • SHIB
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Gate.io Binance
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