Gate.io vs Nexo

Gate.io vs Nexo Comparison Table 2024
Gate.io Nexo
2.3
3.9

Nexo is #21 in our crypto broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.

Bonus Offer
Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line
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." "Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker."
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
  • Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation
  • Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
  • Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
  • Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities
  • Nexo’s crypto staking and credit features support crypto lending and borrowing, and the yields lenders receive are among the best going
  • Traders benefit from bonuses and incentives including free trading funds paid to lenders and cashback in the form of the exchange’s native Nexo token
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
  • Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage
  • High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
  • Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
  • High maker/taker fees mean day traders will pay more to trade derivatives than they would at rival exchanges like Binance
  • The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
Awards
  • Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  • Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
Instruments
Spot and crypto derivatives Cryptos
Demo Account
Yes No
Minimum Deposit
$0 $10
Trading Platforms
  • Own
  • Nexo Pro
Payment Methods
Minimum Trade
$10 $30
Margin Trading
Yes Yes
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 No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS & Android
Android App Rating
4
iOS App Rating
3.8
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
  • USD
  • EUR
  • GBP
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. Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans.
Spread
Variable N/A
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
  • BTC
  • ETH
  • NEXO
  • USDT
  • USDC
  • AXS
  • RUNE
  • MATIC
  • DOT
  • APE
  • AVAX
  • KSM
  • ATOM
  • FTM
  • NEAR
  • BNB
  • ADA
  • SOL
  • XRP
  • LTC
  • LINK
  • BCH
  • TRX
  • XLM
  • EOS
  • PAXG
  • UNI
  • DOGE
  • MANA
  • SAND
  • GALA
  • SUSHI
  • AAVE
  • CRV
  • MKR
  • 1INCH
  • DAI
  • USDP
  • TUSD
Crypto Lending
Yes Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
More Comparisons
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