KuCoin vs Gate.io

KuCoin vs Gate.io

Robert McDougall 

January 8, 2024

Cryptocurrency

Although relatively new in the industry, KuCoin is one of the most popular cryptocurrency exchanges, and they claim that 1 out of 4 crypto holders in the world use their platform. Since its launch in 2017, KuCoin has been enhancing their services and bringing what is essential to the crypto community. Currently based in Mahe, Seychelles, KuCoin employs over 500 experts remotely and physically. It is a one-stop exchange where you can trade, buy, sell, hold, or invest.

Established in 2013 in China, Gate.io is considered one of the oldest cryptocurrency exchanges. Since then, they have changed and expanded steadily. After relocating to the US in 2017, they have been providing their services to crypto users from all over the world. Gate.io offers a complete package of crypto services, including instant purchasing of cryptocurrencies, selling through P2P, professional trading, investing and even automated trading to ease up the burden on you. Its beginner-friendly layout allows users to explore the features with ease. If English is not your first language, Gate.io supports several languages allowing users from different nations to operate their exchange without any hassles.

Let's take a look at these two crypto platforms to see which one is best suited for your needs.

Cell

Fiat Currencies

USD, EUR, GBP, RUB, CNY, AUD & 40+ more

USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN, RUB, JPY, ZAR & more

Number of Coins

700+

1,400+

Trading Fees

0.1%

0.2%

Payment Methods

Cell
Cell

Bank Transfer

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

Cell
Cell

User-friendly

Mobile app

Live Chat

Security

Cell
Cell

2FA

Biometric security

ISO 27001 certified

Offline cold storage

Website

Cell

Fiat Currencies

USD, EUR, GBP, RUB, CNY, AUD & 40+ more

USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN, RUB, JPY, ZAR & more

Number of Coins

700+

1,400+

Trading Fees

0.1%

0.2%

Payment Methods

Cell
Cell

Bank Transfer

Fedwire

PayPal

Credit Card

Debit Card

Apple Pay

SWIFT

Skrill

SOFORT/iDEAL

Cryptocurrency

Features

Cell
Cell

User-friendly

Mobile app

Live Chat

Security

Cell
Cell

2FA

Biometric security

ISO 27001 certified

Offline cold storage

Website

Pros
  • Large crypto exchange with over 11 million users worldwide
  • Extremely low fees of 0.1% with a further 20% discount if you pay with KCS
  • Mobile app available for iOS and Android
  • Over 700+ cryptocurrencies available
  • Additional features such as crypto lending, free trading bots, margin trading, futures trading
Cons
  • Lacks fiat withdrawal options
  • Poor customer service - no live chat support
Pros
  • Buy and convert cryptocurrencies with ease
  • Multiple markets are available to trade
  • Several ways to earn passive income
  • Over 1,400+ cryptocurrencies available
  • Automated trading with bots
Cons
  • High transaction fees charged by third-party merchants
  • No fiat withdrawals from the exchange

KuCoin vs Gate.io Fees

The trading fee of any crypto exchange is a crucial consideration for any trader. The spot trading fee at KuCoin starts at just 0.1% for both makers and takers. Their Futures trading fees are considerably lower than their spot trading fee, at only 0.02% for makers and 0.06% for takers. 

KuCoin has various ways that you can reduce your trading fee. For example, the larger your trade volume is over the last 30 days, the lower the fees you have to pay. You can also receive trading fee discounts by simply holding a certain amount of KCS, the native token of KuCoin, or by paying the trading fee with KCS.

Crypto deposits on KuCoin are free of charge, and crypto withdrawals carry a variable fee which differs for each asset available to be withdrawn. Direct crypto purchases also carry a variable fee depending on the selected payment method, which is around 3-5%.

The trading fee on Gate.io is a little higher than that of KuCoin. The spot trading fee at Gate.io starts at 0.20% for makers and takers. The futures trading fee starts at 0.015% for makers and 0.05% for takers. Gate.io follows a similar fee structure as KuCoin and provides users with trading fee discounts based on their 30-day trading volume.

Crypto deposits on Gate.io are free of cost, but you have to pay a small network or miner’s fee when withdrawing your digital assets from the exchange. To purchase cryptocurrencies directly on the platform, you have to use third-party payment merchants Gate.io has partnered up with. The fees are determined by them, and usually range from 3-5%. 

Winner - KuCoin

KuCoin is the clear winner in this section, with lower spot trading and futures trading fees. 

KuCoin vs Gate.io Deposit Methods

KuCoin and Gate.io both offer cryptocurrency deposits, as well as diverse methods to directly purchase cryptocurrencies using fiat currency.

KuCoin supports over 70 deposit methods depending on your location. Popular payment methods available include Visa and Mastercard, Zelle, TransferWise, CashApp, Skrill, direct bank transfer, Google Pay, Apple Pay, and many other options. You can also go with the P2P market to explore even more payment methods.

Gate.io has partnered with third-party merchants to allow you to buy cryptocurrencies with your credit/debit cards, Apple Pay, Google Pay, or Samsung Pay. The P2P market offers more payment options, and you can explore them if you cannot find a suitable payment method offered by third-party merchants.

Winner - KuCoin

KuCoin is the winner, as it supports over 70 payment methods. To be fair, Gate.io also provides a number of payment options that you can use to buy cryptocurrencies and start your crypto journey.

KuCoin vs Gate.io Features 

Check out the features of KuCoin and Gate.io and decide which one has better options that meet your current needs.

KuCoin Features

Buy cryptocurrencies with 70+ payment options

You can find hundreds of cryptocurrency exchanges on the internet that allow users to buy cryptocurrencies only with their credit or debit cards. Some do not even offer this feature. KuCoin has over 70 payment options to purchase cryptocurrencies through P2P merchants and third-party payment vendors.

These options include credit or debit cards, direct bank transfers, Zelle, TransferWise, Cash App, WebMoney, and many other e-wallets that most of us use in our daily routines. You can also sell cryptocurrencies at KuCoin and receive fiat assets in return, thanks to the P2P market available to facilitate you. Just make sure to consider the merchant’s order completion rate.

Diverse trading with spot, margin, derivatives, and leveraged tokens

The number of available markets to trade is an important consideration for many traders, specifically those who prefer diversity over a single market. To solve this problem, KuCoin offers spot and futures markets, as well as derivatives and leveraged tokens for experienced users to profit more from their trades. Keep in mind that margin trading, derivatives, and leveraged tokens come with high risk that may yield high profit. As such, play your financials accordingly before jumping into those markets.

For the basic spot market, there are over 700+ cryptocurrencies available that you can start trading right away. Starting with some of the most popular assets available in the blockchain industry, you can go all the way to exploring the newest names with visionary goals.

Futuristic trading experience and automated bots

The trading layout or overall experience is another area where KuCoin excels. They have designed their exchange to be futuristic and filled with features and information to help make your trading career successful. You will find a detailed, fast, and accurate chart of the selected asset upfront, and the charts are available for all the tradable assets on the exchange.

KuCoin also provides their traders with order books and market depth to evaluate the market fear or average movements. There is a separate section for trade execution where you can customize your trades and set them up as per your preferences. If you don’t have time to monitor charts all day long and want to pursue trading as a side income or hobby, then you can check out free trading bots offered by KuCoin. You can pick any of the available bots, set them up, and let them run, and they will work automatically based on the algorithm you have set. 

A number of ways to earn and gain profit

The reason why cryptocurrencies attracted a lot of people from all over the world was the potential to earn and prosper. Trading and holding are not the only ways you can profit through your cryptocurrencies, as there are many other ways that are less risky and can be quite profitable, too.

KuCoin allows users to lend their cryptocurrencies to other users and earn interest on them. The platform has a calculator where you can enter the lending amount and get an estimate of how much you will be able to earn at the end. You can also subscribe to the KuCoin earning program, where you can passively earn money on your stablecoins. You can also make money with KuCoin pools and cloud mining which can be more profitable than the other available methods.

Advanced crypto wallet

KuCoin also has an official crypto wallet that you can consider as an advanced gateway to the web3 world to store your digital assets efficiently. Moreover, the KuCoin crypto wallet has some unique features that other wallets do not have. You can store literally any cryptocurrency on your KuCoin crypto wallet and send, receive, or store them without any problems. If you have NFTs, you can keep them in your KuCoin wallet along with your crypto assets.

KuCoin claims that they have integrated a world-leading security system for their crypto wallet that has also been audited by Hacken to strengthen the system even more. You can download the KuCoin wallet applications on your smartphones, including iOS devices and Android phones, to access your assets whenever you want.

Gate.io Features

Buy and sell cryptocurrencies with multiple options

With Gate.io, buying and selling cryptocurrencies can be very easy, fast, and efficient. Unfortunately, the platform does not have its own payment methods, although they have partnered up with famous payment merchants in the industry to allow you to buy crypto assets with fiat currencies. Gate.io claims that one of their merchants, Moonpay, charges zero fees on card purchases, which can be quite beneficial for users who like to make purchases with their credit or debit cards.

Gate.io offers a P2P market with many merchants available to serve you and offer you a variety of payment options. All you have to do is select your preferred fiat currency to pay with, and all the merchants suited to your requirements will be listed in front of you. 

A wide variety of trading markets

The era where only the spot market was needed by traders is slowly fading away. Today, there are some advanced trading markets available that are more profitable. Gate.io provides traders access to most of those markets. There is a spot market consisting of hundreds of cryptocurrencies that you can normally trade without struggling with advanced features or unimaginable risk. Gate.io also offers margin trading, leveraged trading, and a wide variety of derivatives that you can trade on the platform.

You can leverage your trade and earn a lot more than what you can earn with your initial investment. But it is only recommended to go with these markets if you are experienced or know how the whole system works within these boundaries.

Copy trading and strategy bots are available

Automated trading is the new best thing in the crypto industry, and it seems to be benefitting a lot of traders and crypto amateurs. The concept of automated trading came from the algorithms and strategies designed for the bots to run on. Once set, the bots run automatically and make a profit while you sit back and relax. Gate.io allows users to create their own strategy bots or use ready-made strategy bots that they think are good enough for the market.

But if you want to have a professional handle the trades for you, you can opt for copy trading and simply copy the trades of professionals and experienced traders on automation. You can check out the copy trading section of Gate.io where you will find a lot of professional traders available to be copied. You can check out their 30-day winning rate, overall winning ratio, and other important things and then make a decision to copy them. 

Earn, lend, borrow, and mine

Earning, lending, borrowing, or mining – you can do it all on Gate.io and take your crypto experience to another level. Gate.io offers multiple ways through which you can earn on the platform and put your crypto assets to good use. For instance, you can simply go with flexible or fixed deposit terms and earn an interest rate on your crypto assets. There is also an option of dual investment, which might be a bit confusing but is as profitable as fixed or flexible deposit terms. 

On the other hand, you can also earn money by lending your money to other people and earning an interest rate. But if you are borrowing funds, you have to provide collateral and pay the agreed interest rate within the specified time period. For mining, you can provide liquidity to the pools to get your share of the profit, or you can go with cloud mining to mine cryptocurrencies without having physical hardware.

Create, trade, and explore NFTs

Many crypto exchanges have started offering NFT marketplaces with the immense popularity of digital art. The way Gate.io has presented and designed their NFTs section is just out of this world. With Gate.io’s NFTs marketplace, you can explore or trade NFTs plus create your own art and publish it on the platform to be available for traders and potential buyers. You can also be a certified creator on Gate.io and get advantages like great exposure, promotions, and exclusive support.

Minting of NFTs is absolutely free on Gate.io, and the platform provides a hassle-free experience to users. You can also check out hot-drops, premium collections, most traded NFTs, and featured NFTs to make a solid decision before minting any art.

Winner - Draw

KuCoin and Gate.io have great offerings. They both have NFT marketplaces, automated trading, and have numerous trading markets to explore. Both exchanges have also made buying and selling of cryptocurrencies easier, thanks to the convenient payment methods they offer. 

KuCoin vs Gate.io Security

Rising scams, breaches, phishing attacks, and unauthorized access are some of the reasons why many people fear joining the crypto industry and exploring the revolutionary world of financials. 

KuCoin is very safe and secure as they allow users to use a multi-layered protection system for their accounts and keep their funds safe. The exchange even has a bug bounty program that allows users to earn rewards by simply indicating a flaw in the system of the exchange and letting them know what is wrong. This improves their security system even more and allows them to fend off hackers and attacks. KuCoin’s security and services have also been praised by popular media outlets. 

Gate.io does not allow anyone to access their full features without verifying their identity according to the KYC laws. They also protect your funds with centralized and decentralized methods to ensure full protection. In order to protect their individual accounts, users can also use different methods like 2FA for an extra layer of protection and immunity.

Winner - Draw

It’s a tie because both platforms have taken necessary precautions to ensure the safety of the funds of their users. The individual account security options are also top-notch and work great if implemented by the users.

The Verdict - KuCoin

KuCoin and Gate.io are both excellent crypto exchanges with a variety of features, but there are a few factors that favor KuCoin more. KuCoin is one of the largest crypto trading platforms in the world, has lower trading fees, and plenty of trading options for all types of users. 

Ultimately, you cannot go wrong with either of these exchanges, and if you want to research more, read our KuCoin review and Gate.io review.

Overall Winner - KuCoin

KuCoin is one of the world's best crypto exchanges, and it wins this comparison with lower trading fees, and plenty of features such as margin trading, P2P, NFT marketplace, and crypto interest options.

Still Researching?

If you want to explore other options, you can take a look at this article on the best cryptocurrency exchanges. We have also included a quick comparison table below so you can see some key facts to consider.

Comparison Table of the Best Crypto Exchanges in the USA

MEXC
eToro
Uphold
Coinmama
Crypto.com
Crypto Exchange
Crypto Exchange
MEXC
eToro
Uphold
Coinmama
Crypto.com
Fiat Currencies
Fiat Currencies
USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
USD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
MEXC, BTC, ETH, EOS, BCH, LTC & 1,520+ more
BTC, ETH, BCH, DASH, LTC, ETC & 75 more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
Visa/Mastercard, Bank Cards, Bank Transfer, Apple Pay, Google Pay, Cryptocurrency
PayPal, Debit card, Wire transfer
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
0% for spot, 0.0%/0.01% for futures
1%
Fees included in the spread
2.93% - 3.90% (depending on loyalty level)
Included in spread

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

To view our privacy policy read this breakdown.


Tags


You may also like

KCEX Review

KCEX Review

How to buy crypto without ID

How to buy crypto without ID
>