Over the past years, cryptocurrencies have gained great popularity around the world, which is greatly reflecting in the actual abundance of online cryptocurrency exchanges. As a platform diminishing barriers and allowing all interested users across the globe to join the bandwagon and embark on cryptocurrency trading, crypto exchange plays a key role in one’s trading journey.
However, what is a challenging and often confusing though, especially for the both completely inexperienced, all types of aspiring crypto traders are looking for a cryptocurrency exchange that is most suitable for them to open an account with. This article is going to compare BTCC vs Gate.io, two major exchanges in the world, so as to help you pick the best one for your need.
About BTCC
Founded in 2011, BTCC is certainly a trusted exchange due to its commitment to providing a secure environment. BTCC hasn’t reported any security breaches to date, making it one of the paramount choices for many user laying great emphasis on security.
In terms of other major aspects, BTCC also performs excellently in a competitive crypto industry. Simple put, the combination with reasonable transaction costs, along swift order processing, and top-notch type security measurements, this is an exceptional user interface, lower-than-market-standard with drawling the fees and turns it in BTCC a standout choice for crypto enthusiasts.
About Gate.io
Established in 2013, Gate.io is a pretty popular crypto exchanges with advanced type of trading tools along with more innovative features like the actual trading bots for traders and investors of all experience levels. Gate.io shines out along with its massive selection of 1,700 cryptos, also mainstream and niche altcoins.
With over 10 million registered users, Gate.io is considering is a one of the safest and this is the most reliable type global cryptocurrency platforms. This is consistently ranked among 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. As one of the pioneering cryptocurrency exchanges in the world, Gate.io is expected to be one of the most promising exchange choices for many users.
BTCC vs.Gate.io: Overview
| BTCC vs. Gate.io | ||
| BTCC | Gate.io | |
| Supported Cryptocurrencies | 300+ | 1700+ |
| Safety | Take robust security measures in place, with no reported hacks or security breaches to date | Security is a downside as Gate.io has suffered several hack, for excmple, in 2019, Gate.io was targeted with a 51% attack |
| Fees | Fees charged by BTCC is reasonable and relative low, such as only charging 0.06% for both takers and makers, way below the industry average | Gate.io offers competitive fees with a tiered fee structure for its users, sucha as a maximum of 0.1% for spot trading, slightly lower than industry average |
| User Friendliness | Thanks to its sleek and user-friendly interface, BTCC gives a seamless and enjoyable experience to both newcomers and experienced traders | Offer a feature-rich and hugely customizable interface, however, it is slightly complex, not suitable for beginners or the faint of heart |
| Service Scope | Offer service to more than 6 million registered users in more than 100 countries and regions | Offer service to over 14 million registered users worldwide in 200+ countries (excluding Canada and the US) |
| Customer Service | Enjoy good reputation in offering 24/7 excellent customer service via email and live chat | Although offer live chat support and a comprehensive help center, the busy customer support system and lack of a phone number often result in longer response times |
| Advanced Features | Provide a large number of service, including spot trading, futures trading, copy trading and mining pools | Advanced trading features such as options, spot trading, futures, bot trading, copy trading, margin trading, etc. |
Final Verdict: Which one is Best
There is no doubt that both BTCC and Gate.io are pioneering cryptocurrency exchanges in the world. For those looking for an exchange with large selection of tradable coins, great trading feature, competitive fee structures, the two exchanges are good option.
However, BTCC may be a better choice for investors who:
- Attach great importance on security
- Seek a beginner-friendly exchange platform
- Receive timely customer service to solve problem
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