Review 2023

/ 5 is #125 in our crypto broker rankings. 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.

- DayTrading Review Team 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. is unregulated but has earned a strong reputation, with over 10 million active users.

Demo Account
Spot and crypto derivatives
Bitcoin Payments, Banxa

Crypto Trading 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.

✓ Pros

  • 180+ crypto tokens available and 100+ crypto deposit methods
  • Lending and yield farming supported, plus an NFT marketplace
  • Unlike many exchanges, 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
  • wallet for crypto-asset storage

✗ 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 is one of the oldest crypto-to-crypto exchanges, offering 180+ cryptocurrencies on its leading trading platform. Our exchange review will cover trading fees, sign-up and login procedures, mobile app features, how to trade, and more. Explained was established in China in 2013 (origin and rebranded in 2017. The exchange is operated by Gate Technology Inc with headquarters in the Cayman Islands. runs an IEO (initial exchange offering) platform named Startup. In 2020, the platform raised over $10 million through three IEOs: WOO, Coral and JGN.

GateToken (GT) became the official token of the exchange in March 2020, distributed via rather than an ICO or private sale. GT was initially offered as a gift, however, clients can now buy the token at the spot market price or through activity participation. The maximum circulation is 0.3 billion coins.

Today, the exchange trades over $1 billion in cryptocurrencies per day. is not currently regulated by a financial authority.

Products supports various crypto-to-crypto trading opportunities. The coin listing spans 180+ altcoins, including SafeMoon (SAFEMOON), Persistence (XPRT), and Chia (XCH). Overall, the exchange supports 670 markets against the USD, 89 BTC markets and 520 ETH markets. Keep an eye on the exchange announcements for new coin listings, as more are added regularly.

Trading opportunities include:



Trading Platform

The trading platform can be accessed through any web browser or it can be downloaded to your desktop for free on both Windows and Mac devices. Although suitable for both new and experienced traders, the interface is busy, making it less user-friendly vs competitor exchanges, such as KuCoin or Binance.

From the main menu, traders can navigate to margin trading, lending and borrowing, perpetual contracts trading, cryptocurrency markets, and the wallet overview. Platform features include: Trading Platform Trading Platform

App Review offers an advanced mobile app that is available for free download to iOS and Android devices. This allows users to place trades and manage accounts while on the go. Traders can access all the same advanced trading platform features and tools that are available on the desktop version. Mobile Mobile

Demo Account offers a demo account, allowing traders to practise their strategies risk-free via the testnet software. Head to the broker’s website to sign up and get started.

Deposits & Withdrawals

Deposits accepts deposits from 100+ crypto coins, including BTC, ETH, XRP, XLM, BSCS, and EOS. The exchange does not accept fiat currency deposits. Therefore, traders will need to convert traditional currencies into crypto before they can use the platform. There are no minimum deposit requirements or applicable fees but the minimum order trade size must be at least $10 in value.

To add funds to an account, select the ‘wallet’ page and search for the depositing coin. Enter the deposit address, memo, or tag and then follow the instructions. Verification time varies by token as blockchain confirmation is required.

Contact customer support for issues with funding attempts not generating a deposit address or a deposit not showing after blockchain confirmation has been completed.


At, withdrawals can be executed without completing any KYC checks. However, there are 24-limits on how much traders can withdraw. Limits can be increased if identity verification documents are submitted, subject to approval from customer support. There is no minimum withdrawal limit. Limits vary by token and are listed below:

Funds are processed immediately, however, as with all crypto exchanges, withdrawal time is dependent on the speed of the blockchain.

Listing Fees exchange trading fees are competitive, with a tiered structure. Active traders are rewarded with more favourable trading charges, while those executing fewer positions will find they pay relatively more. Taker and maker charges are based on total trading volumes over 30 days, varying by VIP ranking (1 to 16). The maker fee ranges between 0.2% for VIP level 1 to 0.055% for VIP level 16. The taker fee spans from 0.2% for VIP level 1 to 0.065% for level 16.

Additionally, offers a point plan trading fee discount programme. Clients can purchase points through the wallet that can be exchanged for a trading fee deduction.

Perpetual contract trades incur a different trading fee. Market makers will receive a -0.025% rebate as they provide liquidity and increase the market depth. Market makers will be charged trading fees as liquidation is taken off the book. The taker fee is +0.075%. These costs can also be covered using points.

Note that provides a 25% discount for clients paying fees with the GateToken (GT).

Rewards offers several rewards and bonus incentives, many of which reduce trading fees. These are grouped into tasks, based on client classification; novice, experienced, trading volume, and growth. Specific tasks must be completed to earn points. Examples include +30 points for your first deposit over 0.05 BTC or +30 points for the first perpetual contract trade over 500 USDT. Clients can only claim once. also offers a referral scheme with the opportunity to gain 50 points for every 3 clients successfully invited using the unique promo code.  There’s also the option to earn rewards by requesting a new token listing.

How To Open An Account

To open an account with, clients must complete an online registration form. This includes country of residence, username, email address, and password. Code verification is necessary. A separate fund withdrawal password is required which increases account security. A basic KYC procedure, account verification, and one-time password (OTP) are required before you can begin trading. Pending identity verification, approval times can vary between a few hours to 24 hours.

How To Trade With

Trading with is easy, but we’ve prepared a list of instructions on how to get started:

Wallet Options offers clients the option to store cryptocurrency in hot or cold wallets. This incurs no additional cost. The wallet is available on the exchange web browser and mobile app. is an alternative crypto wallet to store, transfer and receive funds. The exchange and account can be held under a single username.

Additional Features

There are several additional features, trading tools and services available. Some of the main financial features include: farming and staking
Yield farming calculator

Additional user benefits offered by include news streams, announcement access, YouTube tutorial content, and live streaming videos. Topics include market order trading, a grid trading review, and a quantitative trading strategy. A profile page by username can be used. Clients can share trading ideas, opinions, chat and share insights. Clients can also access chatrooms and giveaways via the News section of the exchange website. also offers a useful help centre webpage on the crypto exchange website. This comprises several useful documents and links including educational resources such as understanding perpetual contracts, how to store Bitcoin safely, and API 2.0 documentation. utilises several third-party trading tools to enhance clients’ overall trading experience. These can be integrated within the trading platform. The extensive list includes 3Commas trading software, available to link to trading bots via an API key.

Order Types traders can utilise the following limit and conditional orders:

Limit Order

Set the desired price and select buy/sell. When the latest traded price reaches the order limit price, the order will be executed. Filled orders will move to trade history. Other settings, such as Iceberg order type or post-only order are also available.

Conditional Order

A conditional market order will be filled immediately once the trigger price meets the last traded price. A conditional order limit will be submitted to the order book pending execution. Price condition and time condition orders are available to suit the client’s needs.

Customer Support exchange offers the below customer service and support options, available 24/7:

No phone number is provided, however, an extensive FAQ page covering several topics is available. These include; fund password reset instructions, how to deposit money, how to delete an account, change a trading currency, KYC document upload not working, withdrawal problem support, and discount code issues.


A range of platform and account security protocols are available. Secure account features include; two-factor authentication (2FA) with Google Authenticator, SMS verification, fund withdrawal password, blind IP logins, and anti-phishing codes. QR code integration makes adding secure steps quick and simple. Visit the help centre for information on 2FA reset options or if this is not working on a device. There are no KYC bypass options. User funds are protected by utilising hot and cold crypto wallets.

It should be noted, the exchange suffered a 7000 BTC hack in 2015. Crypto coins were stolen from cold wallets. More recently, clients were exposed to PAID network hacking in March 2021. Although the exchange has not accepted responsibility, they are offering compensation to victims. Verdict is an excellent crypto-asset exchange that offers a variety of instruments across the crypto market. There are unique additional features, such as the HODL and Earn scheme, as well as a strong choice of derivatives. Financial services, such as margin lending, periodic investment plans, and yield farming make the exchange an attractive prospect for experienced traders. Beginners may find the platform difficult to grasp and there is limited educational information to help those with limited experience understand the basics of crypto. Plus, the lack of global regulation may put some traders off.

Accepted Countries accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use from United States, Cuba, Iran, Korea, Sudan, Syria, Pakistan, Venezuela.

Payment Methods Details

Minimum Trade $10
Islamic Account No
Mobile Apps Yes (iOS & Android)
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps Yes
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading No
Trade Signals No
Guaranteed Stop Loss No

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending Yes
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BAT
  • BCH
  • BSV
  • BTC
  • BTG
  • BTM
  • CNYX
  • CVC
  • DASH
  • DOGE
  • EOS
  • ETC
  • ETH
  • ETH
  • GT
  • KNC
  • LINK
  • LTC
  • OCN
  • ONT
  • QTUM
  • RDN
  • REQ
  • SHIB
  • SNT
  • TRX
  • USDT
  • USDT
  • VET
  • XRP
  • ZEC


Compare with similar brokers that accept traders from your location. Among available brokers these are the most similar to

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Kraken – Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
    Go to Kraken
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex Comparison Table

Compare With Similar Brokers IG Group Kraken World Forex
Rating 2.3 4.4 3.9 4
Markets Spot and crypto derivatives CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Cryptos Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $0 $10 $1
Minimum Trade $10 0.01 Lots Variable 0.01 Lots
Bonus Lower fees when trading volume exceeds $50,000 in 30 days 100% Deposit Bonus
Education No Yes Yes No
Platforms Own MT4, AutoChartist, TradingCentral AlgoTrader MT4, MT5
Leverage 1:30 (Retail), 1:250 (Pro) 1:1000
Payment Methods 2 6 6 10
Visit Visit Visit Visit
IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Trading Instruments IG Group Kraken World Forex
CFD No Yes No Yes
Forex No Yes No Yes
Stocks No Yes No Yes
Commodities No Yes No Yes
Oil No Yes No Yes
Gold No Yes No Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes No No
ETFs No Yes No No
Bonds No Yes No No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No vs Other Brokers

Compare with any other broker by selecting the other broker below. vs


Is Safe? is a legitimate crypto exchange platform with suitable security features. Although it is safe, clients should be aware of previous hacking history, no regulation, and lack of transparency around the owners, founders and investors.

My Password Is Not Working, How Can I Reset This?

A fund password can be reset within the ‘my funds’ page within an account. Click ‘forgot password’ and complete the required information. This may also be required after too many failed login attempts. Email reset options are sent to accounts for login passwords.

Does Offer A Mobile Trading App?

Yes, offers an advanced mobile app available for free download to iOS and Android devices. Traders can access all the trading platform features and tools available on the desktop version while on the go.

Is Regulated In The UK? is not regulated by a financial body within the UK or any other global authority.

Does Provide A Crypto Wallet?

The wallet is available via major web browsers and mobile app for clients to store digital funds. is an alternative option to store, transfer and receive funds. Clients can integrate a exchange and under one account.

Visit 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. is unregulated but has earned a strong reputation, with over 10 million active users.