Introduction:Â Are you trying to decide between Gate.io vs Kucoin to purchase digital coins but feel stuck? This article will provide you with a breakdown and comparison of the two exchanges. We will look at how simple they are to use, deposit methods, fees and more to help you in your decision.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Gate.io is a globally recognized cryptocurrency exchange that was founded in 2013 by Lin Han. Based in the Cayman Islands, Gate.io has established itself as a reputable platform offering a wide range of services to cryptocurrency traders.
With a workforce of over 350 dedicated employees, the exchange operates in 184 countries catering to a vast international user base of over 12 million users.
The platform supports various trading functionalities, including spot trading, margin trading, futures, and options trading. Gate.io also offers an extensive array of over 1,500 cryptocurrencies, making it an altcoin heaven.
While it is available in a vast number of countries, there are restrictions in place for users from the United States and Canada. Additionally, users in the United Kingdom, France, Netherlands, Germany, and Italy are limited to utilizing only spot trading services on the platform.
Kucoin is also a globally recognized cryptocurrency exchange that was established in 2017 by Michael Gan. As a subsidiary of Seychelles registered MEK Global Limited, the exchange boasts a global workforce of over 600 employees.
Kucoin operates in over 200 countries with restrictions in place for users from the United States and China, due to regulatory considerations.
Kucoin exchange
As a comprehensive cryptocurrency exchange, Kucoin offers a diverse range of services to its users. These include spot trading, margin trading, futures, staking, and lending.
The platform supports +700 cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cosmos (ATOM) and many others.
Kucoin has successfully amassed an impressive user base of over 20 million users. The app has been downloaded over 5 million times and has a favorable rating of 4.3 stars based on more than 120,000 user reviews.
Kucoin app
Gate.io vs Kucoin : Inscription & KYC
Gate.io and Kucoin both make it easy for users to sign up for an account. It takes less than a minute to sign up for Gate.io and Kucoin, and the KYC verification process is relatively straightforward.
However, Gate.io requires users to verify their identity via KYC, whereas Kucoin does not.
As such, no trading can occur on Gate.io unless users provide all the necessary information and documents for the KYC verification.
Gate.io KYC
On Kucoin signing up only takes less than a minute as only basic email signup is required to get started.
KYC verification is not mandatory on KuCoin and unverified accounts can buy and sell the same cryptocurrencies that verified accounts can.
Kucoin KYC
Users that want to get access to higher withdrawal limits and more trading features will however have to go through the KYC process.
Basic verification can be approved in hours and KYC verification can take up to 2 business days in the slowest of cases.
For those seeking more advanced trading strategies, Gate.io provides a range of derivatives products. Futures trading is available on the platform with up to 50X leverage.
Moreover, Gate.io offers perpetual swaps (perps), which are perpetual contracts tied to the underlying cryptocurrency.
By participating in staking on Gate.io, users can also passively generate additional income while supporting the network of their chosen cryptocurrencies.
Lending and borrowing is also available Gate.io which enables Users to lend their cryptocurrencies to earn interest.
Gate.io gagne
The platform has also launched it's own Gate card, which enables users to conveniently spend their cryptocurrencies in the real world.
Recognizing the surging interest in non-fungible tokens (NFTs), Gate.io also operates an NFT marketplace. This marketplace caters to the growing demand for digital art, collectibles, and other unique digital assets.
Gate.io NFTs
In terms of liquidity, Gate.io boasts a commendable standing, consistently ranking within the top 20 exchanges in terms of trading volumes.
Gate.io Leveraged Tokens
With daily spot trading volumes ranging from $500 million to $900 million, Gate.io provides ample liquidity for users to execute their trades swiftly and efficiently.
To enhance security and control, Kucoin offers its own Web 3 wallet, which allows users to store their digital assets securely while maintaining control over their private keys.
This feature provides users with greater peace of mind and aligns with the principles of decentralization and self-custody.
Kucoin Halo Wallet
Kucoin consistently demonstrates strong liquidity, frequently ranking in the top 10 exchanges in terms of trading volume.
Kucoin crypto markets
The daily spot trading volumes on Kucoin typically range from $600 to $900 million, indicating the platform's ability to provide sufficient liquidity for traders to execute their orders efficiently.
Trading fees on Kucoin can be lowered for both spot and futures trading once monthly trade volumes exceed 50 Bitcoins or if the user holds at least 1000 KCS tokens.
Kucoin spot fees
Gate.io however offers lower futures trading fees for makers (0.015%)Â and takers (0.05%)Â compared to the 0.02% and 0.06% offered by Kucoin.
Frais d'inscription Ă Gate.io
Similar to Kucoin, the trading fees on Gate.io can be lowered if monthly trade volumes exceed $60,000 or if users hold enough GT tokens.
When it comes to deposit options, Kucoin and Gate.io have distinct differences in their offering.
Kucoin offers a wide range of fiat deposit options, including support for 28 different currencies via Bank deposits, Visa, Mastercard and more which makes it the better choice for those looking to deposit fiat.
Kucoin fiat deposits
Bank deposits via Advcash are free of charge while SEPAÂ deposits only cost 1 EUR. Deposits with credit and debit cards are however more expensive with up to 3.8% fees.
Gate.io, on the other hand, does not support fiat deposits, but provides instant crypto purchases with credit/debit card via MoonPay, Banxa, Advacash and Simplex.
Gate.io buy crypto with card
Despite this convenience, the transaction fees for these options range from 2-5%.
When it comes to fiat withdrawals, Gate.io does not offer any support for fiat currencies while Kucoin offers support for SEPA withdrawals for EUR and a few additional fiat currencies.
Kucoin fiat withdrawal
Kucoin charges a 1 EUR fee for SEPA withdrawals but there are also cheaper withdrawal options. Kucoin is obviously better than Gate.io when it comes to fiat withdrawal options as Gate.io is limited in this area.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
