ByBit vs Gate.io
By Top 10 team Published June 18, 2022
ByBit vs Gate.io:
The top 10 Crypto team is dedicated to ranking and comparing top exchanges in the market. To review references used in this review, please revert to the reference table at the end of this review. this review is not sponsored.
Bybit and Gate.io are two cryptocurrency trading platforms with millions of users. Bybit is ranked sixteenth, and Gate.io is ranked sixth.
Extensive trading tools, low costs, and applications are all available on crypto exchange platforms. In addition, both are designed for experienced and novice users. We separated our extensive fact-based analysis results into categories to convey the data of the Bybit vs Gate.io comparison as precisely as possible.
To assist readers in selecting a platform, we compared Bybit vs Gate.io by examining supported currencies, security measures, overall fees, and features.
- Fees: 0.08% to 0.2% maker fees, 0.1% to 0.02% taker fees.
- Currencies: 20+
- Security: 2-Factor Authentication (2FA)
- Wallet: Ledger Nano X, Cold wallet storage
- Transactions Supported: Buy, sell, send, receive, withdraw, and exchange
- Daily Trading Amount: $100K
- Mobile App: iOS and Android
Allow up to 100x leverage
Instant verification
Not licensed in the U.S
Crypto derivatives are extremely risky
- Fees: 0.02% to 0.95% purchase and trading fees.
- Currencies: Over 1200
- Security: Two-factor authentication (2FA) with Google Authenticator, SMS 2FA, generally considered rather insecure, Login verifications, Additional fund withdrawal password, Anti-Phishing code, Blind IP logins.
- Wallet: Decentralized cryptocurrency wallet
- Transactions Supported: crypto to crypto tradings, spot and margin trading.
- Daily Trading Amount: $5M
- Mobile App: iOS and Android
- Over 1,200 tokens for sale
- Low trading fees with a discount for holding GT
- 15% discount on trading fees if you sign-up thru Top10
- Not Available in the US and Canada
Old website was overwhelming to new investors
- Was subject to a hack in 2019
Methodology
Bybit and Gate.io share 15 similar advantages, yet differences exist. First, we evaluated both platforms by looking at the advantages each platform provides, whether it is through their application or web platforms, such as tutorials and guides for beginners, advanced features for experienced traders, fees associated with trading and withdrawal, and the signup bonus you can claim today.
Verdict on Bybit vs Gate.io:
When comparing the overall scores of Bybit and Gate.io, it is clear that Bybit has a better overall score of 7, while Gate.io has a score of 6. When it comes to ease of use, it’s evident that Bybit has a better and smoother user experience than Gate.io in this Bybit vs Gate.io comparison.
One of the most significant variables to consider when comparing cryptocurrency exchanges is value for money, since it indicates whether the brand provides appropriate quality for the price. In this scenario, Bybit outperforms Gate.io in terms of value for money.
at Bybit.com
at Gate.i0
