Compare BTCC vs Gate.io: Which is Best in 2024
By:W, LeahOver the past years, cryptocurrencies have gained great popularity around the world, which is greatly reflected in the 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 challenging and often confusing though, especially for completely inexperienced, aspiring crypto traders is 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.
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About BTCC
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| Name | BTCC |
| Launched | 06/2011 |
| Website | https://www.btcc.com/ |
| Blog | https://www.btcc.com/blog/ |
| https://twitter.com/BTCCexchange | |
| Maker Fees | 0.045 |
| Taker Fees | 0.045 |
| Perpetual Trading volume(24h) | $ 25.0B |
| Perpetual Trading Pairs | 341 |
| Spot Trading volume(24h) | $ 11.9B |
| Spot Trading Pairs | 122 |
| Fiat Supported | |
| Update Time | 2024-12-14 07:47:01 |
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 of reasonable transaction costs, swift order processing, top-notch security measures, an exceptional user interface, and lower-than-market-standard withdrawal fees makes BTCC a standout choice for crypto enthusiasts.
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| Download App for Android | Download App for iOS |
About Gate.io
 |
|
| Name | Gate.io |
| Launched | 01/2013 |
| Website | https://gate.io/ |
| Blog | |
| https://twitter.com/gate_io | |
| Maker Fees | 0.015 |
| Taker Fees | 0.05 |
| Perpetual Trading volume(24h) | $ 5.2B |
| Perpetual Trading Pairs | 543 |
| Spot Trading volume(24h) | $ 4.7B |
| Spot Trading Pairs | 3605 |
| Fiat Supported | EUR, USD, GBP, TRY, AUD, BRL, CHF, HKD, AED, PLN, VND, SEK, NZD, TWD, UAH, RON, INR, DKK, MYR, NOK, CZK, ILS |
| Update Time | 2024-12-14 12:17:01 |
Established in 2013, Gate.io is a popular crypto exchange with advanced trading tools and innovative features like trading bots for traders and investors of all experience levels. Gate.io shines out with its massive selection of over 1,700 cryptos, including mainstream and niche altcoins.
With over 10 million registered users, Gate.io is considered as one of the safest and most reliable global cryptocurrency platforms and is consistently ranked among the top 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
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BTCC vs. Gate.io |
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| 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. |
| Download App for Android | Download App for iOS |
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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BTCC Exchange FAQs
Is BTCC Safe?
Since its foundation in 2011, BTCC has proven to be a safe crypto exchange as it has recorded no report of fraudulent activities involving the platform’s backend or users’ accounts. BTCC crypto trading platform lays great emphasis on security, which can be evidenced by implementing compulsory know-your-customer (KYC) and anti-money laundering (AML) policies. Besides, BTCC also provides added security measures like two-factor authentication (2FA) for actions like withdrawals.
Is BTCC Legit?
With a long operation history of 13 years, BTCC boasts an impressive user base and a stellar track record. As one of the oldest exchange around the world, BTCC puts a strong emphasis on conducting business in various countries and regions under the premise of lawfulness and compliance. Currently, BTCC has obtained regulatory licences in a variety of countries.
Can Canadian Investors Trade Cryptos on BTCC?
Of course, BTCC is legit in Canada as it has already received a crypto licence issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Canadian traders can log in BTCC to trade cryptos with highest security level and most competitive fee.
How To Open a BTCC Account?
Opening an account on BTCC is quite easy.
Firstly, you need to click the “register” button on the right corner of BTCC homepage.
Then, you can create an account using an Email ID or Mobile Number.
How to Trade Crypto Futures on BTCC?
BTCC offers Perpetual Futures contracts with a leverage of up to 500×, you can buy over 300 cryptocurrencies on BTCC at the most competitive price and highest security.
The following sets forth the guidance for trading futures on cryptocurrency exchange BTCC:
Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.
Step Two: go back to the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).
Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find the crypto trading pair.
Step Four: choose the contract trading order type. Futures contract orders on BTCC platform are divided into market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and the crypto futures contract order is completed.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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