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.
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
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
There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform
OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage
Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
Crypto staking and pools are available with competitive mining fees from 2%
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
The firm offers limited regulatory oversight, though this is common among crypto brokers
The quality of customer support was inconsistent based on testing
The broker's platform and features may be complex for novices
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.
OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
