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.
Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users.
Comment by Reviewer
"Gate.io will attract experienced traders looking for diverse crypto opportunities, NFTs and favorable trading fees. However we don't consider this exchange secure with little to no regulatory scrutiny."
"Crypto.com is good for retail investors that want to speculate on the crypto markets with the security of an established and reputable exchange."
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
Strong security measures with no historical reports of hacking incidents
Low fees vs other established exchange platforms, including Coinbase
Live status updates impacting access to app and exchange services
Various ways to earn crypto coins or interest
Visa card with cashback rewards
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
Customer service is below-average with delayed help times when answering questions
Not all features or coins are available to all locations due to local regulations
Lack of educational resources, blog-style research or YouTube tutorial content
The advanced trading platform is less suitable for beginners
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.
Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure.
